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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Billboard rentals, net $ 7,149,992 $ 1,699,269 $ 13,930,382 $ 3,249,459
Premiums earned 2,487,557 507,045 4,369,899 984,349
Insurance commissions 402,956 751,684 758,103 1,516,868
Investment and other income 99,056 31,761 191,902 62,027
Total Revenues 10,139,561 2,989,759 19,250,286 5,812,703
Costs and Expenses:        
Cost of billboard revenues (exclusive of depreciation and amortization) 2,764,890 842,787 5,476,287 1,565,621
Cost of insurance revenues (exclusive of depreciation and amortization) 1,430,983 264,672 2,716,705 477,536
Employee costs 2,966,433 1,863,658 5,844,452 3,706,024
Professional fees 641,535 576,461 2,060,681 1,420,375
General and administrative 1,671,480 848,942 3,488,101 1,700,215
Amortization 2,856,572 690,905 5,705,124 1,451,240
Depreciation 861,122 306,714 1,704,405 635,407
Loss on disposition of assets 43,254 81,857 25,533 81,857
Bad debt expense 72,777 14,515 153,655 14,515
Accretion 33,154 2,939 65,932 5,995
Total Costs and Expenses 13,342,200 5,493,450 27,240,875 11,058,785
Net Loss from Operations (3,202,639) (2,503,691) (7,990,589) (5,246,082)
Other Income (Expense):        
Interest income 605,750 648,223 1,165,192 1,091,946
Equity in income of unconsolidated affiliates 69,016 101,429 163,769 385,091
Unrealized gain on securities 126,621 206,306 50,516 113,303
Gain (loss) on disposition of investments 304,462 (54,733) 424,844 (54,733)
Interest expense (264) (1,804)
Net Loss Before Income Taxes (2,096,790) (1,602,730) (6,186,268) (3,712,279)
Income Tax (Provision) Benefit
Net Loss (2,096,790) (1,602,730) (6,186,268) (3,712,279)
Noncontrolling interest in subsidiary (income) loss (17,558) 4,633 (6,466) 44,800
Net Loss Attributable to Common Stockholders $ (2,114,348) $ (1,598,097) $ (6,192,734) $ (3,667,479)
Basic and Diluted Net Loss per Share (in dollars per share) $ (0.09) $ (0.08) $ (0.28) $ (0.21)
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 22,452,540 19,165,153 22,320,114 17,780,454