ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2021

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

NOTE 2. ACCOUNTS RECEIVABLE

Accounts receivable consist of the following (in thousands):

	December 31,
	2021		2020
Casino	$	4,291	$	2,701
Hotel		1,339		510
Other		3,433		636
		9,063		3,847
Less allowance for doubtful accounts		(182)		(111)
	$	8,881	$	3,736

The Company calculates an allowance for doubtful accounts by applying a percentage, estimated by management based on historical aging experience, current economic conditions and management’s expectations of future economic conditions, to the accounts receivable balance. The Company recorded bad debt expense of $245 thousand, $159 thousand and $189 thousand in 2021, 2020 and 2019, respectively.

The increase in accounts receivable in 2021 year-over-year is primarily a result of the expanded operation at Monarch Black Hawk.