XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Premiums earned $ 3,107,273 $ 2,288,449
Insurance commissions 476,126 697,200
Investment and other income 390,257 92,203
Total Revenues 22,815,785 16,292,947
Costs and Expenses:    
Cost of insurance revenues (exclusive of depreciation and amortization) 1,563,032 1,180,891
Employee costs 8,197,537 5,424,220
Professional fees 1,169,589 2,190,597
General and administrative 3,962,632 2,579,835
Amortization 1,802,027 1,193,193
Depreciation 2,707,317 1,740,071
Gain on disposition of assets (45,395) (54,203)
Accretion 53,823 49,932
Total Costs and Expenses 25,792,577 18,742,683
Net Loss from Operations (2,976,792) (2,449,736)
Other Income (Expense):    
Interest and dividend income 281,866 45,324
Equity in loss of unconsolidated affiliates (4,980,078) (3,675,303)
Other investment income 2,872,219 2,615,323
Gain recognized on deconsolidation of special purpose acquisition company 0 24,977,740
Remeasurement of warrant liability 0 1,837,211
Interest expense (288,682) (301,649)
Net (Loss) Income Before Income Taxes (5,091,467) 23,048,910
Income tax benefit (provision) 1,651,615 (6,680,139)
Net (Loss) Income (3,439,852) 16,368,771
Noncontrolling interest in subsidiary loss (income) 118,698 (66,178)
Net (Loss) Income Attributable to Common Stockholders $ (3,321,154) $ 16,302,593
Basic Net (Loss) Income per Share (in dollars per share) $ (0.11) $ 0.55
Diluted Net (Loss) Income per Share (in dollars per share) $ (0.11) $ 0.55
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) 30,524,067 29,698,361
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 30,587,745 29,765,082
Billboard Rentals [Member]    
Revenues:    
Revenues $ 10,302,223 $ 9,138,149
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) 3,807,664 3,527,372
Broadband Services [Member]    
Revenues:    
Revenues 8,539,906 4,076,946
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) $ 2,574,351 $ 910,775