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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Premiums earned $ 2,880,544 $ 3,065,490 $ 9,538,183 $ 7,435,389
Insurance commissions 382,493 442,824 1,065,013 1,200,927
Investment and other income 77,499 131,610 338,953 323,512
Total Revenues 11,606,836 10,822,808 34,509,580 30,073,094
Costs and Expenses:        
Cost of insurance revenues (exclusive of depreciation and amortization) 1,758,451 2,025,320 5,367,231 4,742,025
Employee costs 3,311,885 3,109,483 9,542,845 8,953,935
Professional fees 630,604 944,862 2,582,961 3,005,543
General and administrative 1,544,334 1,445,859 4,655,960 4,933,960
Amortization, Total 1,031,805 3,656,612 3,012,641 9,361,736
Depreciation, Total 978,672 463,410 2,744,376 2,167,815
Loss on disposition of assets 20,751 2,760 89,685 28,293
Bad debt expense 104,722 72,767 322,483 226,422
Accretion 36,462 33,154 105,964 99,086
Total Costs and Expenses 12,327,459 14,611,907 37,275,484 41,852,782
Net Loss from Operations (720,623) (3,789,099) (2,765,904) (11,779,688)
Other Income (Expense):        
Interest income 104,125 1,266,731 884,125 2,431,923
Dividend income 106,716 315,897 967,864 315,897
Equity in income of unconsolidated affiliates 1,342,826 159,564 2,406,151 323,333
Unrealized gain (loss) on securities 819,130 2,813,544 (24,413,748) 2,864,060
Gain on disposition of investments 2,026,193 7,565 5,696,068 432,409
Interest expense (212,196) (106,597) (600,631) (106,597)
Net Income (Loss) Before Income Taxes 3,466,171 667,605 (17,826,075) (5,518,663)
Income tax (provision) benefit 0 0 0 0
Net Income (Loss) 3,466,171 667,605 (17,826,075) (5,518,663)
Noncontrolling interest in subsidiary income (2,500) (32,606) (42,184) (39,072)
Net Income (Loss) Attributable to Common Stockholders $ 3,463,671 $ 634,999 $ (17,868,259) $ (5,557,735)
Basic and Diluted Net Income (Loss) per Share (in dollars per share) $ 0.13 $ 0.03 $ (0.71) $ (0.25)
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 27,231,115 22,798,738 25,145,700 22,563,527
Billboard Rentals [Member]        
Revenues:        
Revenues $ 7,121,957 $ 7,182,884 $ 20,991,755 $ 21,113,266
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) 2,780,359 2,857,680 8,472,265 8,333,967
Broadband Services [Member]        
Revenues:        
Revenues 1,144,343 0 2,575,676 0
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) $ 129,414 $ 0 $ 379,073 $ 0