XML 78 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Billboard rentals, net $ 7,182,884 $ 3,753,795 $ 21,113,266 $ 7,003,254
Premiums earned 3,065,490 814,944 7,435,389 1,799,293
Insurance commissions 442,824 793,934 1,200,927 2,310,802
Investment and other income 131,610 30,845 323,512 92,872
Total Revenues 10,822,808 5,393,518 30,073,094 11,206,221
Costs and Expenses:        
Cost of billboard revenues (exclusive of depreciation and amortization) 2,857,680 1,432,787 8,333,967 2,998,408
Cost of insurance revenues (exclusive of depreciation and amortization) 2,025,320 646,231 4,742,025 1,123,767
Employee costs 3,109,483 2,029,254 8,953,935 5,735,278
Professional fees 944,862 955,042 3,005,543 2,375,417
General and administrative 1,445,859 1,121,930 4,933,960 2,822,145
Amortization 3,656,612 1,608,708 9,361,736 3,059,948
Depreciation 463,410 469,163 2,167,815 1,104,570
Loss on disposition of assets 2,760 28,293 81,857
Bad debt expense 72,767 32,023 226,422 46,538
Accretion 33,154 3,436 99,086 9,431
Total Costs and Expenses 14,611,907 8,298,574 41,852,782 19,357,359
Net Loss from Operations (3,789,099) (2,905,056) (11,779,688) (8,151,138)
Other Income (Expense):        
Interest income 1,266,731 459,821 2,431,923 1,551,767
Dividend income 315,897 315,897
Equity in income of unconsolidated affiliates 159,564 117,395 323,333 502,486
Unrealized gain on securities 2,813,544 13,419 2,864,060 126,722
Gain on disposition of investments 7,565 389,947 432,409 335,214
Interest expense (106,597) (106,597) (1,804)
Net Income (Loss) Before Income Taxes 667,605 (1,924,474) (5,518,663) (5,636,753)
Income tax (provision) benefit
Net Income (Loss) 667,605 (1,924,474) (5,518,663) (5,636,753)
Noncontrolling interest in subsidiary (income) loss (32,606) (6,567) (39,072) 38,233
Net Income (Loss) Attributable to Common Stockholders $ 634,999 $ (1,931,041) $ (5,557,735) $ (5,598,520)
Basic and Diluted Net Income (Loss) per Share (in dollars per share) $ 0.03 $ (0.09) $ (0.25) $ (0.29)
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 22,798,738 22,029,790 22,563,527 19,212,464