XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Premiums earned $ 1,786,564 $ 3,454,058
Insurance commissions 400,177 332,791
Investment and other income 69,556 140,314
Total Revenues 13,205,019 11,410,180
Costs and Expenses:    
Cost of insurance revenues (exclusive of depreciation and amortization) 1,129,210 1,503,862
Employee costs 4,242,147 3,133,145
Professional fees 1,093,983 1,287,155
General and administrative 2,167,680 1,718,304
Amortization 1,165,172 951,821
Depreciation 1,146,804 831,510
Loss on disposition of assets 35,567 18,919
Bad debt expense 60,183 84,697
Accretion 32,091 34,762
Total Costs and Expenses 14,690,797 12,590,152
Net Loss from Operations (1,485,778) (1,179,972)
Other Income (Expense):    
Interest income 601,652 509,479
Dividend income 132,495 390,791
Equity in income of unconsolidated affiliates 140,297 465,665
Unrealized gain (loss) on securities 104,467,952 (24,745,513)
Gain on disposition of investments 2,840,170 26,268
Remeasurement of warrant liability 2,175,824 0
Interest expense (235,326) (194,415)
Net Income (Loss) Before Income Taxes 108,637,286 (24,727,697)
Income tax (provision) benefit (20,517,226) 0
Net Income (Loss) 88,120,060 (24,727,697)
Noncontrolling interest in subsidiary income (3,682,433) (6,541)
Net Income (Loss) Attributable to Common Stockholders $ 84,437,627 $ (24,734,238)
Basic and Diluted Net Income (Loss) per Share (in dollars per share) $ 3.09 $ (1.05)
Basic and Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 27,299,946 23,510,660
Billboard Rentals [Member]    
Revenues:    
Revenues $ 7,153,685 $ 7,215,766
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) 2,861,747 2,950,554
Broadband Services [Member]    
Revenues:    
Revenues 3,795,037 267,251
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) $ 756,213 $ 75,423