XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Premiums earned $ 1,736,158 $ 3,203,581 $ 3,522,722 $ 6,657,639
Insurance commissions 658,703 349,729 1,058,880 682,520
Investment and other income 71,734 121,140 141,290 261,454
Total Revenues 14,179,881 11,492,564 27,384,900 22,902,744
Costs and Expenses:        
Cost of insurance revenues (exclusive of depreciation and amortization) 872,605 2,104,918 2,001,815 3,608,780
Employee costs 4,526,049 3,097,815 8,768,196 6,230,960
Professional fees 1,024,181 665,202 2,118,164 1,952,357
General and administrative 2,411,053 1,526,386 4,638,916 3,329,387
Amortization 1,205,537 1,029,015 2,370,709 1,980,836
Depreciation 1,250,663 934,194 2,397,467 1,765,704
Loss on disposition of assets 22,859 50,015 58,426 68,934
Accretion 32,447 34,740 64,538 69,502
Total Costs and Expenses 15,273,353 12,357,873 29,964,150 24,948,025
Net Loss from Operations (1,093,472) (865,309) (2,579,250) (2,045,281)
Other Income (Expense):        
Interest income 19,250 270,521 620,902 780,000
Dividend income 83,475 470,357 215,970 861,148
Equity in income of unconsolidated affiliates 435,988 597,660 576,285 1,063,325
Unrealized gain (loss) on securities 11,377,475 (487,365) 115,845,427 (25,232,878)
Gain on disposition of investments 0 3,643,607 2,840,170 3,669,875
Remeasurement of warrant liability 883,928 0 3,059,752 0
Interest expense (233,659) (194,020) (468,985) (388,435)
Net Income (Loss) Before Income Taxes 11,472,985 3,435,451 120,110,271 (21,292,246)
Income tax provision (1,449,686) 0 (21,966,912) 0
Net Income (Loss) 10,023,299 3,435,451 98,143,359 (21,292,246)
Noncontrolling interest in subsidiary income (1,385,736) (33,143) (5,068,169) (39,684)
Net Income (Loss) Attributable to Common Stockholders $ 8,637,563 $ 3,402,308 $ 93,075,190 $ (21,331,930)
Basic Net Income (Loss) per Share (in dollars per share) $ 0.29 $ 0.14 $ 3.27 $ (0.89)
Diluted Net Income (Loss) per Share (in dollars per share) $ 0.29 $ 0.14 $ 3.26 $ (0.89)
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,421,500 24,672,411 28,474,872 24,091,535
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,492,765 24,716,371 28,545,034 24,091,535
Billboard Rentals [Member]        
Revenues:        
Revenues $ 7,952,832 $ 6,654,032 $ 15,106,517 $ 13,869,798
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) 3,073,530 2,741,352 5,935,277 5,691,906
Broadband Services [Member]        
Revenues:        
Revenues 3,760,454 1,164,082 7,555,491 1,431,333
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) $ 854,429 $ 174,236 $ 1,610,642 $ 249,659