| For the Quarterly Period Ended September 30, 2009 | Commission file number 0-24805 |
|---------------------------------------------------|-------------------------------------|

| Delaware(State or other jurisdiction ofincorporation or organization) | 74-2723809(I.R.S. EmployerIdentification No.) |
|-----------------------------------------------------------------------|-----------------------------------------------|

| Large accelerated filer [  ] | Accelerated filer [  ] |
|----------------------------------------|----------------------------------|
| Non-accelerated filer [  ]   | Smaller Reporting Company [X]    |

----

| Part I.  FINANCIAL INFORMATION          |
|---------------------------------------------------|
|                                              |   |   |   |
|                                              | Item 1 | Financial Statements  |   |
|                                              | a) | Consolidated Balance Sheets as of September 30, 2009 (unaudited)and December 31, 2008 |  2  |
|                                              | b) | Consolidated Statements of Operations (unaudited) for the Three |   |
|                                              |   | Months Ended September 30, 2009 and 2008 | 3 |
|                                              |   |   |   |
|                                              | c) | Consolidated Statements of Operations (unaudited) for the Nine |   |
|                                              |   | Months Ended September 30, 2009 and 2008 | 5 |
|                                              |   |   |   |
|                                              | d) | Consolidated Statements of Cash Flows (unaudited) for the Nine |   |
|                                              |   | Months Ended September 30, 2009 and 2008 | 7 |
|                                              |   |   |   |
|                                              | e) | Notes to Consolidated Financial Statements | 9 |
|                                              |   |   |   |
|                                              | Item 2 | Management’s Discussion and Analysis of Financial Condition |   |
|                                              |   | And Results of Operations | 17 |
|                                              |   |   |   |
|                                              | Item 3 | Quantitative and Qualitative Disclosures about Market Risk | 22 |
|                                              |   |   |   |
|                                              | Item 4 | Controls and Procedures   | 23 |
|                                              |   |   |   |
| Part II.  OTHER INFORMATION   |
|                                              | Item 1 | Legal Proceedings | 24 |
|                                              |   |   |   |
|                                              | Item 2 | Unregistered Sales of Equity Securities and Use of Proceeds | 24 |
|                                              |   |   |   |
|                                              | Item 6 | Exhibits | 24 |
|                                              |   |   |   |
|                                              |   |   |   |
|                                              |   | Signatures | 25 |

----

|                                                                                                                                                                                            |   | September 30, 2009 |        |   | December 31, 2008 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-------------|--------|-------------------|--------|
|                                                                                                                                                                                            |   | (unaudited)        |        |   |              |   |
| Current Assets:                                                                                                                                                                                 |   |               |        |   |              |   |
| Cash and cash equivalents                                                                                                                                                                       |   | $                  | 3,712,736   |   |              | $      | 4,425,724 |   |
| Accounts receivable, net of allowance for doubtful accounts of $24,253 and $109,286, respectively                                                                                               |   |               | 582,026     |   |              |   | 687,495 |   |
| Other current assets                                                                                                                                                                            |   |               | 222,421     |   |              |   | 217,387 |   |
| Note receivable – current portion                                                                                                                                                         |   |               | 75,000      |   |              |   | 1,932 |   |
| Assets held for sale                                                                                                                                                                            |   |               | ---         |   |              |   | 431,568 |   |
| Total Current Assets                                                                                                                                                                            |   |               | 4,592,183   |   |              |   | 5,764,106 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Property and Equipment – at cost, net of accumulated depreciation and amortization                                                                                                        |   |               | 7,256,073   |   |              |   | 7,557,025 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Other Assets:                                                                                                                                                                                   |   |               |        |   |              |   |   |   |
| Goodwill                                                                                                                                                                                        |   |               | 5,215,634   |   |              |   | 5,055,534 |   |
| Intangible assets, net                                                                                                                                                                          |   |               | 926,157     |   |              |   | 902,449 |   |
| Note receivable, net                                                                                                                                                                            |   |               | 399,939     |   |              |   | --- |   |
| Other non-current assets                                                                                                                                                                        |   |               | 255,536     |   |              |   | 246,961 |   |
| Total Other Assets                                                                                                                                                                              |   |               | 6,797,266   |   |              |   | 6,204,944 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| TOTAL ASSETS                                                                                                                                                                                    |   | $                  | 18,645,522  |   |              | $      | 19,526,075 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS'  EQUITY                                                                                                                                                 |   |               |        |   |              |   |   |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Current Liabilities:                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Long term debt, current portion                                                                                                                                                                 |   | $                  | 269,679     |   |              | $      | 749,786 |   |
| Long term debt, legal settlements, current portion                                                                                                                                              |   |               | 189,896     |   |              |   | 262,748 |   |
| Trade accounts payable                                                                                                                                                                          |   |               | 154,711     |   |              |   | 316,156 |   |
| Accrued expenses                                                                                                                                                                                |   |               | 1,205,170   |   |              |   | 1,747,700 |   |
| Total Current Liabilities                                                                                                                                                                       |   |               | 1,819,456   |   |              |   | 3,076,390 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Long-term Liabilities:                                                                                                                                                                          |   |               |        |   |              |   |   |   |
| Long term debt, net of current portion                                                                                                                                                          |   |               | 2,954,903   |   |              |   | 3,166,515 |   |
| Long term debt, legal settlements, net of current portion                                                                                                                                       |   |               | ---         |   |              |   | 120,742 |   |
| Other liabilities, related party                                                                                                                                                                |   |               | 90,008      |   |              |   | 72,000 |   |
| Total Long-term Liabilities                                                                                                                                                                     |   |               | 3,044,911   |   |              |   | 3,359,257 |   |
| Total Liabilities                                                                                                                                                                               |   |               | 4,864,367   |   |              |   | 6,435,647 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| Stockholders' Equity:                                                                                                                                                                           |   |               |        |   |              |   |   |   |
| Common stock, $0.001 par value, (authorized 40,000,000 shares, issued 18,817,406 shares and 17,534,707 shares, respectively, outstanding 18,009,114 shares and 16,754,901 shares, respectively) |   |               | 18,818      |   |              |   | 17,535 |   |
| Additional paid-in-capital                                                                                                                                                                      |   |               | 31,116,245  |   |              |   | 30,683,264 |   |
| Treasury stock – 808,292 and 779,806 shares, at cost                                                                                                                                      |   |               | (970,306    | )      |              |   | (993,891 | ) |
| Accumulated deficit                                                                                                                                                                             |   |               | (16,383,602 | )      |              |   | (16,616,480 | ) |
| Total Stockholders' Equity                                                                                                                                                                      |   |               | 13,781,155  |   |              |   | 13,090,428 |   |
|                                                                                                                                                                                            |   |               |        |   |              |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                      |   | $                  | 18,645,522  |   |              | $      | 19,526,075 |   |

----

|                                                                       |   | Three Months Ended September 30, |          |
|----------------------------------------------------------------------------|--------|----------------------------------|---------------|
|                                                                       |   |                             |          |   |   |   |
|                                                                       |   | 2009                             |          |   | 2008 |   |
| REVENUES:                                                                  |   |                             |          |   |   |   |
| Entertainment                                                              |   | $                                | 2,187,386     |   |   | $ | 2,078,799 |   |
| Other                                                                      |   |                             | 18,191        |   |   |   | 24,422 |   |
| TOTAL REVENUES                                                             |   |                             | 2,205,577     |   |   |   | 2,103,221 |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| DIRECT COSTS AND EXPENSES:                                                 |   |                             |          |   |   |   |   |   |
| Direct salaries and other compensation                                     |   |                             | 208,118       |   |   |   | 227,800 |   |
| Rent and utilities                                                         |   |                             | 858,015       |   |   |   | 774,686 |   |
| Other direct operating costs                                               |   |                             | 472,515       |   |   |   | 760,524 |   |
| Depreciation and amortization                                              |   |                             | 181,021       |   |   |   | 178,222 |   |
| License expense                                                            |   |                             | 13,391        |   |   |   | 13,727 |   |
| TOTAL COSTS AND EXPENSES                                                   |   |                             | 1,733,060     |   |   |   | 1,954,959 |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| GROSS MARGIN                                                               |   |                             | 472,517       |   |   |   | 148,262 |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES:                                       |   |                             |          |   |   |   |   |   |
| Salaries and other compensation                                            |   |                             | 318,535       |   |   |   | 376,830 |   |
| Legal and accounting fees                                                  |   |                             | 110,356       |   |   |   | 97,743 |   |
| Depreciation and amortization                                              |   |                             | 21,348        |   |   |   | 31,217 |   |
| Share-based compensation expense                                           |   |                             | 16,665        |   |   |   | 12,964 |   |
| Other general and administrative                                           |   |                             | 175,867       |   |   |   | 156,363 |   |
| TOTAL GENERAL AND ADMINISTRATIVE EXPENSES                                  |   |                             | 642,771       |   |   |   | 675,117 |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| CHANGE IN ESTIMATE                                                         |   |                             | 122,000       |   |   |   | --- |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| OPERATING INCOME (LOSS)                                                    |   |                             | (48,254       | ) |   |   | (526,855 | ) |
|                                                                       |   |                             |          |   |   |   |   |   |
| OTHER INCOME AND EXPENSES:                                                 |   |                             |          |   |   |   |   |   |
| Interest income                                                            |   |                             | 7,866         |   |   |   | 42,290 |   |
| Interest expense                                                           |   |                             | (52,746       | ) |   |   | (90,299 | ) |
| TOTAL OTHER INCOME AND EXPENSES                                            |   |                             | (44,880       | ) |   |   | (48,009 | ) |
|                                                                       |   |                             |          |   |   |   |   |   |
| INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES |   |                             | (93,134       | ) |   |   | (574,864 | ) |
|                                                                       |   |                             |          |   |   |   |   |   |
| PROVISION FOR INCOME TAXES                                                 |   |                             | 26,119        |   |   |   | 22,911 |   |
|                                                                       |   |                             |          |   |   |   |   |   |
| INCOME (LOSS) FROM CONTINUING OPERATIONS                                   |   |                             | (119,253      | ) |   |   | (597,775 | ) |
|                                                                       |   |                             |          |   |   |   |   |   |
| INCOME (LOSS) FROM DISCONTINUED OPERATIONS                                 |   |                             | 21,302        |   |   |   | (161,307 | ) |
|                                                                       |   |                             |          |   |   |   |   |   |
| NET INCOME (LOSS)                                                          |   | $                                | ( 97,951 | ) |   | $ | (759,082 | ) |

----

|   | Three Months EndedSeptember 30, |
|--------|---------------------------------|
|   |                            |   |   |
|   | 2009                            |   | 2008 |

| EARNINGS (LOSS) PER SHARE:                            |   |   |       |   |   |   |
|-------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Basic earnings (loss) per share                       |   |   |       |   |   |   |
|      Continuing operations   |   | $      | (0.01      | )      |   | $      | (0.04 | ) |
|      Discontinued operations |   |   | 0.00       |   |   |   | (0.01 | ) |
|      Total                   |   | $      | (0.01      | )      |   | $      | ( 0.05 | ) |
|                                                  |   |   |       |   |   |   |   |   |
| Diluted earnings (loss) per share                     |   |   |       |   |   |   |   |   |
|      Continuing operations   |   | $      | (0.01      | )      |   | $      | (0.04 | ) |
|      Discontinued operations |   |   | 0.00       |   |   |   | (0.01 | ) |
|      Total                   |   | $      | (0.01      | )      |   | $      | ( 0.05 | ) |
|                                                  |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding – basic     |   |   | 18,059,657 |   |   |   | 16,754,901 |   |
|                                                  |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding – diluted   |   |   | 18,059,657 |   |   |   | 16,754,901 |   |

----

|                                                                       |   | Nine Months EndedSeptember 30, |      |
|----------------------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                                       |   |                           |      |   |   |   |
|                                                                       |   | 2009                           |      |   | 2008 |   |
| REVENUES:                                                                  |   |                           |      |   |   |   |
| Entertainment                                                              |   | $                              | 7,351,096 |   |   | $ | 6,392,907 |   |
| Other                                                                      |   |                           | 58,222    |   |   |   | 71,692 |   |
| TOTAL REVENUES                                                             |   |                           | 7,409,318 |   |   |   | 6,464,599 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| DIRECT COSTS AND EXPENSES:                                                 |   |                           |      |   |   |   |   |   |
| Direct salaries and other compensation                                     |   |                           | 640,287   |   |   |   | 620,081 |   |
| Rent and utilities                                                         |   |                           | 2,410,482 |   |   |   | 1,958,111 |   |
| Other direct operating costs                                               |   |                           | 1,541,103 |   |   |   | 2,102,567 |   |
| Depreciation and amortization                                              |   |                           | 535,046   |   |   |   | 475,633 |   |
| License expense                                                            |   |                           | 63,862    |   |   |   | 72,913 |   |
| TOTAL COSTS AND EXPENSES                                                   |   |                           | 5,190,780 |   |   |   | 5,229,305 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| GROSS MARGIN                                                               |   |                           | 2,218,538 |   |   |   | 1,235,294 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES:                                       |   |                           |      |   |   |   |   |   |
| Salaries and other compensation                                            |   |                           | 973,935   |   |   |   | 1,006,167 |   |
| Legal and accounting fees                                                  |   |                           | 458,370   |   |   |   | 504,651 |   |
| Depreciation and amortization                                              |   |                           | 77,899    |   |   |   | 95,314 |   |
| Share-based compensation expense                                           |   |                           | 170,519   |   |   |   | 39,170 |   |
| Other general and administrative                                           |   |                           | 500,830   |   |   |   | 555,133 |   |
| TOTAL GENERAL AND ADMINISTRATIVE EXPENSES                                  |   |                           | 2,181,553 |   |   |   | 2,200,435 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| CHANGE IN ESTIMATE                                                         |   |                           | 122,000   |   |   |   | --- |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| OPERATING INCOME (LOSS)                                                    |   |                           | 158,985   |   |   |   | (965,141 | ) |
|                                                                       |   |                           |      |   |   |   |   |   |
| OTHER INCOME AND EXPENSES:                                                 |   |                           |      |   |   |   |   |   |
| Interest income                                                            |   |                           | 36,628    |   |   |   | 88,700 |   |
| Interest expense                                                           |   |                           | (167,536  | ) |   |   | (268,513 | ) |
|         Other                      |   |                           | (8,157    | ) |   |   | --- |   |
| TOTAL OTHER INCOME AND EXPENSES                                            |   |                           | (139,065  | ) |   |   | (179,813 | ) |
|                                                                       |   |                           |      |   |   |   |   |   |
| INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES |   |                           | 19,920    |   |   |   | (1,144,954 | ) |
|                                                                       |   |                           |      |   |   |   |   |   |
| PROVISION FOR INCOME TAXES                                                 |   |                           | 79,475    |   |   |   | 67,255 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| INCOME (LOSS) FROM CONTINUING OPERATIONS                                   |   |                           | (59,555   | ) |   |   | (1,212,209 | ) |
|                                                                       |   |                           |      |   |   |   |   |   |
| INCOME (LOSS) FROM DISCONTINUED OPERATIONS                                 |   |                           | 292,433   |   |   |   | 99,634 |   |
|                                                                       |   |                           |      |   |   |   |   |   |
| NET INCOME (LOSS)                                                          |   | $                              | 232,878   |   |   | $ | (1,112,575 | ) |

----

|   | Nine Months EndedSeptember 30, |
|--------|--------------------------------|
|   |                           |   |   |
|   | 2009                           |   | 2008 |

| EARNINGS (LOSS) PER SHARE:                            |   |   |       |   |   |   |
|-------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Basic earnings (loss) per share                       |   |   |       |   |   |   |
|      Continuing operations   |   | $      | (0.00      | )      |   | $      | (0.08 | ) |
|      Discontinued operations |   |   | 0.02       |   |   |   | 0.01 |   |
|      Total                   |   | $      | 0.01       |   |   | $      | (0.07 | ) |
|                                                  |   |   |       |   |   |   |   |   |
| Diluted earnings (loss) per share                     |   |   |       |   |   |   |   |   |
|      Continuing operations   |   | $      | (0.00      | )      |   | $      | (0.08 | ) |
|      Discontinued operations |   |   | 0.02       |   |   |   | 0.01 |   |
|      Total                   |   | $      | 0.01       |   |   | $      | (0.07 | ) |
|                                                  |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding – basic     |   |   | 17,447,228 |   |   |   | 15,083,201 |   |
|                                                  |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding – diluted   |   |   | 18,143,559 |   |   |   | 15,083,201 |   |

----

|                                                                                                                                                                                 |   | Nine Months EndedSeptember 30, |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------|
|                                                                                                                                                                                 |   |                           |      |   |   |   |
|                                                                                                                                                                                 |   | 2009                           |      |   | 2008 |   |
|                                                                                                                                                                                 |   |                           |      |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                |   |                           |      |   |   |   |
| Net income (loss)                                                                                                                                                                    |   | $                              | 232,878   |   |   | $ | (1,112,575 | ) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:                                                                                   |   |                           |      |   |   |   |   |   |
| Depreciation and amortization                                                                                                                                                        |   |                           | 665,930   |   |   |   | 762,527 |   |
| Stock-based compensation expense                                                                                                                                                     |   |                           | 170,519   |   |   |   | 39,170 |   |
| (Gain) loss on sale of business unit                                                                                                                                                 |   |                           | (403,556  | ) |   |   | (474,387 | ) |
| (Gain) loss on disposals of equipment                                                                                                                                                |   |                           | 8,157     |   |   |   | --- |   |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
|        Increase (decrease) in cash flows as a result of changes in asset and liability       account balances: |   |                           |      |   |   |   |   |   |
| Accounts receivable, net                                                                                                                                                             |   |                           | 121,047   |   |   |   | 62,088 |   |
| Other assets                                                                                                                                                                         |   |                           | (29,116   | ) |   |   | 252,292 |   |
| Trade accounts payable                                                                                                                                                               |   |                           | (159,709  | ) |   |   | (10,944 | ) |
| Accrued expenses and other current liabilities                                                                                                                                       |   |                           | (137,674  | ) |   |   | (249,173 | ) |
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES                                                                                                                                  |   |                           | 468,476   |   |   |   | (731,002 | ) |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                |   |                           |      |   |   |   |   |   |
| Purchase of property and equipment                                                                                                                                                   |   |                           | (341,359  | ) |   |   | (1,991,615 | ) |
| Purchase of goodwill and intangibles                                                                                                                                                 |   |                           | (210,100  | ) |   |   | (1,374,704 | ) |
| Purchase of common stock                                                                                                                                                             |   |                           | (79,156   | ) |   |   | --- |   |
|        Proceeds from the sale of equipment                                                                                                        |   |                           | 6,775     |   |   |   | --- |   |
|        Proceeds from repayment of notes receivable, net                                                                                           |   |                           | 36,993    |   |   |   | 384,662 |   |
|        Proceeds from sale of business                                                                                                             |   |                           | 300,000   |   |   |   | 250,000 |   |
| NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES                                                                                                                                  |   |                           | (286,847  | ) |   |   | (2,731,657 | ) |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                |   |                           |      |   |   |   |   |   |
| Payments on notes payable, legal settlements and capital leases                                                                                                                      |   |                           | (894,617  | ) |   |   | (303,433 | ) |
| Proceeds from sale of common stock                                                                                                                                                   |   |                           | ---       |   |   |   | 7,000,000 |   |
| Proceeds from options exercised                                                                                                                                                      |   |                           | ---       |   |   |   | 34,316 |   |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES                                                                                                                                  |   |                           | (894,617  | ) |   |   | 6,730,883 |   |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                                                                                 |   |                           | (712,988  | ) |   |   | 3,268,224 |   |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                                                                                                     |   |                           | 4,425,724 |   |   |   | 1,965,624 |   |
|                                                                                                                                                                                 |   |                           |      |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                                                                                                           |   | $                              | 3,712,736 |   |   | $ | 5,233,848 |   |

----

|                                                          |   | Nine Months EndedSeptember 30, |    |
|---------------------------------------------------------------|--------|--------------------------------|---------|
|                                                          |   |                           |    |   |   |   |
|                                                          |   | 2009                           |    |   | 2008 |   |
|                                                          |   |                           |    |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:            |   |                           |    |   |   |   |
|                                                          |   |                           |    |   |   |   |
| Cash payments:                                                |   |                           |    |   |   |   |
|                                                          |   |                           |    |   |   |   |
| Interest                                                      |   | $                              | 167,536 |   |   | $ | 268,513 |   |
|                                                          |   |                           |    |   |   |   |   |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Income taxes                                                  |   | $                              | 64,834  |   |   | $ | 92,551 |   |
|                                                          |   |                           |    |   |   |   |   |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Non-cash transactions:                                        |   |                           |    |   |   |   |   |   |
|                                                          |   |                           |    |   |   |   |   |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Issuance of treasury stock under deferred compensation plan   |   | $                              | 17,815  |   |   | $ | 25,817 |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Issuance of treasury stock under employee stock purchase plan |   | $                              | 17,515  |   |   | $ | 16,734 |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Transfer of property and equipment to Assets Held for Sale    |   | $                              | ---     |   |   | $ | 473,199 |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Issuance of common stock as stock-based compensation          |   | $                              | 367,156 |   |   | $ | --- |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Sale of business in exchange for note receivable              |   | $                              | 600,000 |   |   | $ | --- |   |
|                                                          |   |                           |    |   |   |   |   |   |
| Purchase of acquisition assets in exchange for note payable   |   | $                              | ---     |   |   | $ | 500,000 |   |

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|                                       |   |   | Q309   |   |   |   | Q308     |   |   | Change |     |   | Q309 YTD |   |     | Q308 YTD |   |   | Change    |   |
|--------------------------------------------|--------|--------|--------|--------|--------|--------|----------|--------|--------|--------|----------|--------|----------|--------|----------|----------|--------|--------|-----------|--------|
| Revenue                                    |   | $      | ---    |   |   | $      | 430,592  |   |   | $      | (430,592 | )      |     | $      | 425,533  |     |   | $      | 2,073,476 |   |   | $ | (1,647,943 | ) |
| Gross profit (loss)                        |   | $      | 21,302 |   |   |   | (161,307 | )      |   | $      | 182,609  |   |     | $      | (111,123 | )        |   | $      | (374,753  | )      |   | $ | 263,630 |   |
| Gain on asset disposal                     |   |   | ---    |   |   |   | ---      |   |   |   | ---      |   |     |   | 403,556  |     |   |   | 474,387   |   |   |   | (70,831 | ) |
| Income (loss) from discontinued operations |   | $      | 21,302 |   |   | $      | (161,307 | )      |   | $      | 182,609  |   |     | $      | 292,433  |     |   | $      | 99,634    |   |   | $ | 192,799 |   |
| Income (loss) per share                    |   | $      | 0.00   |   |   | $      | ( 0.01   | )      |   |   |     |   |     | $      | 0.02     |     |   | $      | 0.01      |   |   |   |   |   |
|                                       |   |   |   |   |   |   |     |   |   |   |     |   |     |   |     |     |   |   |      |   |   |   |   |   |

| September 30, 2009     |   |   | December 31, 2008 |   |
|------------------------|--------|--------|-------------------|--------|
|                   |   |   |              |   |   |   |
| Fixed and other assets |   | $      | ---               |   |   | $ | 431,568 |   |

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|                                                       |   | September 30, 2009 |       |   | December 31, 2008 |   |
|------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
| Land                                                       |   | $                  | 740,467    |   |              | $      | 740,467 |   |
| Buildings                                                  |   |               | 3,395,498  |   |              |   | 3,395,498 |   |
| Leasehold improvements                                     |   |               | 5,510,983  |   |              |   | 5,378,571 |   |
| Equipment, furniture and fixtures                          |   |               | 3,619,993  |   |              |   | 3,511,628 |   |
| Automobiles                                                |   |               | 121,534    |   |              |   | 134,556 |   |
|                                                       |   |               | 13,388,475 |   |              |   | 13,160,720 |   |
|                                                       |   |               |       |   |              |   |   |   |
| Less:  Accumulated depreciation and amortization |   |               | (6,132,402 | )      |              |   | (5,603,695 | ) |
|                                                       |   |               |       |   |              |   |   |   |
| Property and equipment, net                                |   | $                  | 7,256,073  |   |              | $      | 7,557,025 |   |

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|                            |   | GrossCarryingAmount |      |   | AccumulatedAmortization |   |       |  Total |   |
|---------------------------------|--------|---------------------|-----------|--------|-------------------------|--------|------------|-------------|--------|
|                            |   |                |      |   |                    |   |       |        |   |
| Goodwill at December 31, 2008   |   | $                   | 6,854,540 |   |                    | $      | (1,799,006 | )           |   | $ | 5,055,534 |   |
| Goodwill acquired during period |   |                | 160,100   |   |                    |   |       |        |   |   | 160,100 |   |
| Goodwill at September 30, 2009  |   | $                   | 7,014,640 |   |                    | $      | (1,799,006 | )           |   | $ | 5,215,634 |   |

|   |   |   |   |
|--------|--------|--------|--------|

|                                               |   | Gross Carrying  Amount |    |   | AccumulatedAmortization |   |     |  Total |   |
|----------------------------------------------------|--------|---------------------------------------|---------|--------|-------------------------|--------|----------|-------------|--------|
| Intangible Assets with Indefinite Lives:           |   |                                  |    |   |                    |   |     |        |   |
| Bingo licenses at December 31, 2008                |   | $                                     | 881,339 |   |                    |   | (51,974  | )           |   | $ | 829,365 |   |
| Licenses acquired during the period                |   |                                  | ---     |   |                    |   | ---      |        |   |   | --- |   |
| Bingo licenses at September 30, 2009               |   | $                                     | 881,339 |   |                    |   | (51,974  | )           |   | $ | 829,365 |   |
|                                               |   |                                  |    |   |                    |   |     |        |   |   |   |   |
| Intangible Assets with Finite Lives:               |   |                                  |    |   |                    |   |     |        |   |   |   |   |
| Covenants not to compete at December 31, 2008      |   | $                                     | 282,500 |   |                    |   | (209,416 | )           |   | $ | 73,084 |   |
| Change in covenants not to compete                 |   |                                  | 50,000  |   |                    |   | (26,292  | )           |   |   | 23,708 |   |
| Covenants not to compete at September 30, 2009     |   | $                                     | 332,500 |   |                    |   | (235,708 | )           |   | $ | 96,792 |   |
| Intangible Assets, Net of Accumulated Amortization |   |                                  |    |   |                    |   |     |        |   | $ | 926,157 |   |

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| Nine months ended September 30,     |   | 2009   |       |   | 2009    |   |       | 2008   |   |   | 2008       |   |
|-------------------------------------|--------|--------|------------|--------|---------|--------|------------|--------|--------|--------|------------|--------|
|                                |   | Basic  |       |   | Diluted |   |       | Basic  |   |   | Diluted    |   |
| Numerator:                          |   |   |       |   |    |   |       |   |   |   |       |   |
| Net income (loss)                   |   | $      | 232,878    |   |    | $      | 232,878    |   |   | $      | (1,112,575 | )      |   | $ | (1,112,575 | ) |
| Denominator:                        |   |   |       |   |    |   |       |   |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding |   |   | 17,447,228 |   |    |   | 17,447,228 |   |   |   | 15,083,201 |   |   |   | 15,083,201 |   |
| Effect of dilutive securities:      |   |   |       |   |    |   |       |   |   |   |       |   |   |   |   |   |
| Stock options and warrants          |   |   | ---        |   |    |   | 696,331    |   |   |   | ---        |   |   |   | --- |   |
| Weighted average shares outstanding |   |   | 17,447,228 |   |    |   | 18,143,559 |   |   |   | 15,083,201 |   |   |   | 15,083,201 |   |
|                                |   |   |       |   |    |   |       |   |   |   |       |   |   |   |   |   |
| Earnings (loss) per share           |   | $      | 0.01       |   |    | $      | 0.01       |   |   | $      | (0.07      | )      |   | $ | (0.07 | ) |

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|                    |   | Employee Stock Plans      |      |
|-------------------------|--------|---------------------------|-----------|
|                    |   |    Options |      |   | WeightedAverage Exercise Price |   |
| Outstanding at 12/31/08 |   |                      | 445,410   |   |   | $ | 0.53 |   |
| Granted                 |   |                      | 1,020,000 |   |   |   | 0.36 |   |
| Exercised               |   |                      | ---       |   |   |   | --- |   |
| Forfeited               |   |                      | (18,000   | ) |   |   | 0.51 |   |
| Outstanding at 9/30/09  |   |                      | 1,447,410 |   |   | $ | 0.41 |   |

|   |   |                     |         |   | Options Outstanding |      |                                   | Options Exercisable |                        |
|--------|--------|--------------------------|--------------|--------|---------------------|-----------|----------------------------------------|---------------------|-----------------------------|
|   |   | Range ofExercise Prices  |         |   | NumberOutstanding   |      | Weighted Avg.RemainingContractual Life |                | Weighted Avg.Exercise Price |   |   | NumberExercisable |   |   | Weighted Avg.Exercise Price |   |
| 2009:  |   | $                        | 1.26 - 1.87  |   |                |      | 25,500                                 |                | 5.3 years                   |   | $ | 1.25 |   |   |   | 25,500 |   |   | $ | 1.25 |   |
|   |   | $                        | 0.00 - $1.25 |   |                |      | 1,421,910                              |                | 8.2 years                   |   | $ | 0.40 |   |   |   | 746,910 |   |   | $ | 0.47 |   |
|   |   | Total                    |         |   |                | 1,447,410 |                                   | 8.2 years           |                        | $ | 0.41 |   |   |   | 772,410 |   |   | $ | 0.50 |   |
|   |   |                     |         |   |                |      |                                   |                |                        |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   | Aggregateintrinsic value |         |   | $                   | 414,056   |                                   |                |                        |   |   |   |   | $ | 162,956 |   |   |   |   |   |

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|                                |   |   | Q3 2009   |   |   |   | Q3 2008   |   |   | Change |     |   | % Change |   |
|-------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|--------|----------|--------|----------|--------|
| Total Revenues                      |   | $      | 2,206,000 |   |   | $      | 2,103,000 |   |   | $      | 103,000  |   |     |   | 5% |   |
| Entertainment                       |   |   | 2,188,000 |   |   |   | 2,079,000 |   |   |   | 109,000  |   |     |   | 5% |   |
|    Texas             |   |   | 1,254,000 |   |   |   | 1,324,000 |   |   |   | (70,000  | )      |     |   | (5%) |   |
|    South Carolina    |   |   | 647,000   |   |   |   | 354,000   |   |   |   | 293,000  |   |     |   | 83% |   |
|    Alabama / Florida |   |   | 287,000   |   |   |   | 401,000   |   |   |   | (114,000 | )      |     |   | (28%) |   |
| Other                               |   | $      | 18,000    |   |   | $      | 24,000    |   |   | $      | (6,000   | )      |     | NM     |   |

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|               |   |   | Q3 2009 |   |   |   | Q3 2008 |   |   | Change |    |   | % Change |   |
|--------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|----------|--------|
| Total Gross Profit |   | $      | 473,000 |   |   | $      | 148,000 |   |   | $      | 325,000 |   |     |   | 219% |   |
| Entertainment      |   |   | 455,000 |   |   |   | 124,000 |   |   |   | 331,000 |   |     |   | 267% |   |
| Other              |   | $      | 18,000  |   |   | $      | 24,000  |   |   | $      | (6,000  | )      |     | NM     |   |

| Corporate overhead                               |   |   | Q3 2009 |   |   |   | Q3 2008 |   |
|--------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|
| General and administrative expenses (GAAP basis) |   | $      | 642,771 |   |   | $      | 675,117 |   |
| Stock-based compensation                         |   |   | (16,665 | )      |   |   | (12,964 | )      |
| Noted legal expenses                             |   |   | (72,783 | )      |   |   | (69,177 | )      |
| Depreciation and amortization                    |   |   | (21,348 | )      |   |   | (31,217 | )      |
| Acquisition consideration                        |   |   | ---     |   |   |   | (70,000 | )      |
| Corporate overhead (non-GAAP basis)              |   | $      | 531,975 |   |   | $      | 491,759 |   |

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| Income (loss) from continuing operations                   |   |   | Q3 2009  |   |   |   | Q3 2008  |   |
|------------------------------------------------------------|--------|--------|----------|--------|--------|--------|----------|--------|
| Operating income (loss) (GAAP basis)                       |   | $      | (119,253 | )      |   | $      | (597,775 | )      |
| Hall start-up activities                                   |   |   | 303,651  |   |   |   | 475,583  |   |
| Stock-based compensation                                   |   |   | 16,665   |   |   |   | 12,964   |   |
| Noted legal expenses                                       |   |   | 72,783   |   |   |   | 69,177   |   |
| Reduction of prior year reserve for incentive compensation |   |   | (122,000 | )      |   |   | ---      |   |
| Acquisition consideration                                  |   |   | ---      |   |   |   | 70,000   |   |
| Income (loss) excluding noted items (non-GAAP basis)       |   | $      | 151,846  |   |   | $      | 29,949   |   |

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|                                |   | 2009   |      |   | 2008   |   |      | Change |   |   | % Change  |   |
|-------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|--------|-----------|--------|
| Total Revenues                      |   | $      | 7,409,000 |   |   | $      | 6,465,000 |   |   | $      | 944,000   |   |   |   | 15% |   |
| Entertainment                       |   |   | 7,351,000 |   |   |   | 6,393,000 |   |   |   | 958,000   |   |   |   | 15% |   |
|    Texas             |   |   | 3,897,000 |   |   |   | 3,858,000 |   |   |   | 39,000    |   |   |   | 1% |   |
|    South Carolina    |   |   | 2,276,000 |   |   |   | 1,232,000 |   |   |   | 1,044,000 |   |   |   | 85% |   |
|    Alabama / Florida |   |   | 1,178,000 |   |   |   | 1,303,000 |   |   |   | (125,000  | )      |   |   | (10%) |   |
| Other                               |   | $      | 58,000    |   |   | $      | 72,000    |   |   | $      | (14,000   | )      |   | NM |   |

|               |   | 2009   |      |   | 2008   |   |      | Change |   |   | % Change |   |
|--------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|--------|----------|--------|
| Total Gross Profit |   | $      | 2,219,000 |   |   | $      | 1,235,000 |   |   | $      | 984,000  |   |   |   | 80% |   |
| Entertainment      |   |   | 2,161,000 |   |   |   | 1,164,000 |   |   |   | 997,000  |   |   |   | 86% |   |
| Other              |   | $      | 58,000    |   |   | $      | 71,000    |   |   | $      | (13,000  | )      |   | NM |   |

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| Corporate overhead                                          |   | Q3 YTD 2009 |      |   | Q3 YTD 2008 |   |
|-------------------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|
| General and administrative expenses  (GAAP basis) |   | $           | 2,181,553 |   |        | $      | 2,200,435 |   |
| Stock-based compensation                                    |   |        | (170,519  | )      |        |   | (39,170 | ) |
| Noted legal expenses                                        |   |        | (322,673  | )      |        |   | (422,734 | ) |
| Depreciation and amortization                               |   |        | (77,899   | )      |        |   | (95,314 | ) |
| Acquisition and divestiture consideration                   |   |        | (10,000   | )      |        |   | (90,000 | ) |
| Corporate overhead (non-GAAP basis)                         |   | $           | 1,600,462 |   |        | $      | 1,553,217 |   |

| Income (loss) from continuing operations                   |   | 2009   |      |   | 2008   |   |
|------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Operating income (loss) (GAAP basis)                       |   | $      | (59,555   | )      |   | $      | (1,212,209 | ) |
| Hall start-up activities                                   |   |   | 938,796   |   |   |   | 1,223,341 |   |
| Stock-based compensation                                   |   |   | 170,519   |   |   |   | 39,170 |   |
| Noted legal expenses                                       |   |   | 322,673   |   |   |   | 422,734 |   |
| Reduction of prior year reserve for incentive compensation |   |   | (122,000  | )      |   |   | --- |   |
| Acquisition and divestiture consideration                  |   |   | 10,000    |   |   |   | 90,000 |   |
| Asset disposals                                            |   |   | 8,157     |   |   |   | --- |   |
| Income (loss) excluding noted items (non-GAAP basis)       |   | $      | 1,268,590 |   |   | $      | 563,036 |   |

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| Repurchase Period                                    |    |   | Total Number of Shares Repurchased |    |   | Average Price Paid per Share |   |   | Total Number of Shares Repurchased as Part of Publicly Announced Plans |   |
|------------------------------------------------------|---------|--------|------------------------------------|---------|--------|------------------------------|--------|--------|------------------------------------------------------------------------|--------|
|                                                 | Q1 2009 |   |                               |    | ---    |                         |   |   | ---                                                                    |   |   |   | --- |   |
|                                                 | Q2 2009 |   |                               |    | 34,385 |                         |   | $      | 0.71                                                                   |   |   |   | 34,385 |   |
|                                                 | Q3 2009 |   |                               |    | 75,000 |                         |   | $      | 0.73                                                                   |   |   |   | 75,000 |   |
|                                                 |    |   |                               |    |   |                         |   |   |                                                                   |   |   |   |   |   |
|                                                 |    |   |                               |    |   |                         |   |   |                                                                   |   |   |   |   |   |
| Total                                                |    |   |                               | 109,385 |   |                         | $      | 0.72   |                                                                   |   |   | 109,385 |   |
|                                                 |    |   |                               |    |   |                         |   |   |                                                                   |   |   |   |   |   |
| Average price per share includes transactions costs. |    |

| Exhibit | Description                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1     | Certificate of Incorporation of the Company dated September 8, 1994, as amended October 17, 1994, and further amended July 31, 1997 and August 13, 1998, and September 22, 1999 (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-QSB filed by the Company on November 15, 1999, for the quarter ended September 30, 1999). |
| 3.2     | Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.2 of the Quarterly Report on Form 10-QSB filed by the Company on November 15, 1999, for the quarter ended September 30, 1999).                                                                                                                                      |
| 10.1*   | 2002 Stock Option Plan (incorporated by reference to Exhibit 1 of the Definitive Proxy Statement Schedule 14A, filed with the SEC on March 22, 2002).                                                                                                                                                                                                  |
| 10.2*   | 2002 Employee Stock Purchase Plan (incorporated by reference to Exhibit 2 of the Definitive Proxy Statement Schedule 14A, filed with the SEC on March 22, 2002).                                                                                                                                                                                       |
| 10.3*   | 2009 Employment Agreement (incorporated by reference to Exhibit 10.3 of the Company’s Annual Report on Form 10-K filed with the SEC in March 31, 2009).                                                                                                                                                                                          |
| 31.1    | Rule 31a-14(a) / 15d-14(a) Certifications, filed herewith.                                                                                                                                                                                                                                                                                             |
| 32.1    | Section 1350 Certifications, filed herewith.                                                                                                                                                                                                                                                                                                           |
| *       | Denotes a management contract or compensatory plan or arrangement.                                                                                                                                                                                                                                                                                     |
|    |                                                                                                                                                                                                                                                                                                                                                   |

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