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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Premiums earned $ 3,203,581 $ 2,487,557 $ 6,657,639 $ 4,369,899
Insurance commissions 349,729 402,956 682,520 758,103
Investment and other income 121,140 99,056 261,454 191,902
Total Revenues 11,492,564 10,139,561 22,902,744 19,250,286
Costs and Expenses:        
Cost of insurance revenues (exclusive of depreciation and amortization) 2,104,918 1,430,983 3,608,780 2,716,705
Employee costs 3,097,815 2,966,433 6,230,960 5,844,452
Professional fees 665,202 641,535 1,952,357 2,060,681
General and administrative 1,393,322 1,671,480 3,111,626 3,488,101
Amortization 1,029,015 2,856,572 1,980,836 5,705,124
Depreciation 934,194 861,122 1,765,704 1,704,405
Loss on disposition of assets 50,015 43,254 68,934 25,533
Bad debt expense 133,064 72,777 217,761 153,655
Accretion 34,740 33,154 69,502 65,932
Total Costs and Expenses 12,357,873 13,342,200 24,948,025 27,240,875
Net Loss from Operations (865,309) (3,202,639) (2,045,281) (7,990,589)
Other Income (Expense):        
Interest income 270,521 605,750 780,000 1,165,192
Dividend income 470,357 0 861,148 0
Equity in income of unconsolidated affiliates 597,660 69,016 1,063,325 163,769
Unrealized gain (loss) on securities (487,365) 126,621 (25,232,878) 50,516
Gain on disposition of investments 3,643,607 304,462 3,669,875 424,844
Interest expense (194,020) 0 (388,435) 0
Net Income (Loss) Before Income Taxes 3,435,451 (2,096,790) (21,292,246) (6,186,268)
Income tax (provision) benefit 0 0 0 0
Net Income (Loss) 3,435,451 (2,096,790) (21,292,246) (6,186,268)
Noncontrolling interest in subsidiary income (33,143) (17,558) (39,684) (6,466)
Net Income (Loss) Attributable to Common Stockholders $ 3,402,308 $ (2,114,348) $ (21,331,930) $ (6,192,734)
Basic and Diluted Net Income (Loss) per Share (in dollars per share) $ 0.14 $ (0.09) $ (0.89) $ (0.28)
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 24,672,411 22,452,540 24,091,535 22,320,114
Billboard Rentals [Member]        
Revenues:        
Revenues $ 6,654,032 $ 7,149,992 $ 13,869,798 $ 13,930,382
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) 2,741,352 2,764,890 5,691,906 5,476,287
Broadband Services [Member]        
Revenues:        
Revenues 1,164,082 0 1,431,333 0
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) $ 174,236 $ 0 $ 249,659 $ 0