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ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2011
ACCOUNTS RECEIVABLE  
ACCOUNTS RECEIVABLE

NOTE 2.  ACCOUNTS RECEIVABLE

 

Accounts receivable consist of the following:

 

 

 

December 31,

 

 

 

2011

 

2010

 

Casino

 

$

2,819,310

 

$

4,852,826

 

Hotel

 

483,634

 

475,044

 

Other

 

309,748

 

392,095

 

 

 

3,612,692

 

5,719,965

 

Less allowance for doubtful accounts

 

(1,312,845

)

(2,450,715

)

 

 

$

2,299,847

 

$

3,269,250

 

 

The Company recorded bad debt expense of $84,798, $740,387 and $1,120,333 in 2011, 2010 and 2009, respectively.  The Company calculates an allowance for doubtful accounts by applying a

 

 

 

percentage, estimated by management based on historical aging experience, to the accounts receivable balance.