XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Premiums earned $ 2,407,523 $ 1,736,158 $ 4,695,972 $ 3,522,722
Insurance commissions 494,244 658,703 1,191,444 1,058,880
Investment and other income 89,505 71,734 181,708 141,290
Total Revenues 20,895,016 14,179,881 37,187,963 27,384,900
Costs and Expenses:        
Cost of insurance revenues (exclusive of depreciation and amortization) 1,000,794 872,605 2,181,685 2,001,815
Employee costs 6,572,286 4,526,049 11,996,506 8,768,196
Professional fees 1,098,782 1,024,181 3,289,379 2,118,164
General and administrative 3,393,835 2,411,053 5,973,670 4,638,916
Amortization 1,723,773 1,205,537 2,916,966 2,370,709
Depreciation 2,012,916 1,250,663 3,752,987 2,397,467
Loss (gain) on disposition of assets 32,094 22,859 (22,109) 58,426
Accretion 50,924 32,447 100,856 64,538
Total Costs and Expenses 21,611,998 15,273,353 40,354,681 29,964,150
Net (Loss) Income from Operations (716,982) (1,093,472) (3,166,718) (2,579,250)
Other Income (Expense):        
Interest and dividend income 73,087 102,725 118,411 836,872
Equity in (loss) income of unconsolidated affiliates 2,386,339 435,988 (1,288,964) 576,285
Other investment (loss) income (16,933,563) 11,377,475 (14,318,240) 118,685,597
Gain recognized on deconsolidation of special purpose acquisition company 0 0 24,977,740 0
Remeasurement of warrant liability 0 883,928 1,837,211 3,059,752
Interest expense (303,531) (233,659) (605,180) (468,985)
Net (Loss) Income Before Income Taxes (15,494,650) 11,472,985 7,554,260 120,110,271
Income tax benefit (provision) 4,238,736 (1,449,686) (2,441,403) (21,966,912)
Net (Loss) Income (11,255,914) 10,023,299 5,112,857 98,143,359
Noncontrolling interest in subsidiary income (240,425) (1,385,736) (306,603) (5,068,169)
Net (Loss) Income Attributable to Common Stockholders $ (11,496,339) $ 8,637,563 $ 4,806,254 $ 93,075,190
Basic Net (Loss) Income per Share (in dollars per share) $ (0.39) $ 0.29 $ 0.16 $ 3.27
Diluted Net (Loss) Income per Share (in dollars per share) $ (0.39) $ 0.29 $ 0.16 $ 3.26
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,698,361 29,421,500 29,698,361 28,474,872
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,698,361 29,492,765 29,761,369 28,545,034
Billboard Rentals [Member]        
Revenues:        
Revenues $ 9,825,164 $ 7,952,832 $ 18,963,313 $ 15,106,517
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) 3,655,782 3,073,530 7,183,154 5,935,277
Broadband Services [Member]        
Revenues:        
Revenues 8,078,580 3,760,454 12,155,526 7,555,491
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) $ 2,070,812 $ 854,429 $ 2,981,587 $ 1,610,642