XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Premiums earned $ 5,425,052 $ 3,727,219 $ 14,165,167 $ 10,293,119
Insurance commissions 520,657 378,987 1,550,400 1,449,653
Investment and other income 587,238 554,238 1,852,354 1,576,963
Total Revenues 27,700,936 24,548,101 80,341,450 71,580,280
Costs and Expenses:        
Cost of insurance revenues (exclusive of depreciation and amortization) 2,561,996 1,822,550 6,724,581 5,131,960
Employee costs 8,311,882 8,080,596 28,764,730 24,031,413
Professional fees 1,052,542 1,249,036 3,909,612 3,821,524
General and administrative 4,339,357 4,198,682 12,400,843 12,124,128
Amortization 1,975,174 1,877,884 5,746,002 5,510,794
Depreciation 3,698,488 3,105,126 10,721,927 8,825,619
Loss (gain) on disposition of assets (3,547) (68,366) 9,798 (108,515)
Accretion 55,000 53,855 163,805 161,501
Total Costs and Expenses 28,440,958 26,490,830 87,536,368 78,142,705
Net Loss from Operations (740,022) (1,942,729) (7,194,918) (6,562,425)
Other Income (Expense):        
Interest and dividend income 331,627 1,077,987 1,184,642 1,920,943
Equity in loss of unconsolidated affiliates (9,358,783) (125,970) (16,573,011) 244,476
Other investment income (loss) 8,428,017 (1,894,969) 15,671,077 (1,289,754)
Interest expense (466,744) (287,084) (1,117,147) (862,801)
Net Loss Before Income Taxes (1,805,905) (3,172,765) (8,029,357) (6,549,561)
Income tax benefit 533,144 717,596 1,492,383 1,298,345
Net Loss (1,272,761) (2,455,169) (6,536,974) (5,251,216)
Noncontrolling interest in subsidiary (income) loss (322,375) 812,663 (101,462) 1,829,168
Net Loss Attributable to Common Stockholders $ (1,595,136) $ (1,642,506) $ (6,638,436) $ (3,422,048)
Basic Net Loss per Share (in dollars per share) $ (0.05) $ (0.05) $ (0.21) $ (0.11)
Diluted Net Loss per Share (in dollars per share) $ (0.05) $ (0.05) $ (0.21) $ (0.11)
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) 31,432,515 31,370,760 31,539,809 31,021,126
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 31,432,515 31,370,760 31,539,809 31,021,126
Billboard Rentals [Member]        
Revenues:        
Revenues $ 11,503,915 $ 10,891,979 $ 33,638,043 $ 32,029,726
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) 4,044,700 3,810,639 11,716,141 11,426,927
Broadband Services [Member]        
Revenues:        
Revenues 9,664,074 8,995,678 29,135,486 26,230,819
Costs and Expenses:        
Cost of revenues (exclusive of depreciation and amortization) $ 2,405,366 $ 2,360,828 $ 7,378,929 $ 7,217,354