XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net revenue $ 57,650,426 $ 57,687,554
Operating expenses:    
Operating expenses (including stock-based compensation of $123,147 in 2019 and $130,120 in 2020 and excluding depreciation and amortization shown separately below) 50,900,477 47,451,182
Corporate expenses (including stock-based compensation of $461,427 in 2019 and $136,319 in 2020) 4,513,092 4,962,414
Transaction expenses 0 241,348
Depreciation and amortization 2,576,475 1,768,787
Gain on dispositions   (3,545,755)
Impairment losses 6,804,412  
Total operating expenses 64,794,456 50,877,976
Operating income (loss) (7,144,030) 6,809,578
Non-operating income (expense):    
Interest expense (4,184,811) (4,590,885)
Other income (expense), net 26,425 (232,583)
Income (loss) before income taxes (11,302,416) 1,986,110
Income tax expense (benefit) (2,417,780) 632,847
Income (loss) before equity in earnings of unconsolidated affiliates (8,884,636) 1,353,263
Equity in earnings of unconsolidated affiliates, net of tax (61,527)  
Net income (loss) (8,946,163) 1,353,263
Earnings attributable to noncontrolling interest 109,602  
Net income (loss) attributable to BBGI stockholders $ (8,836,561) $ 1,353,263
Net income (loss) attributable to BBGI stockholders per Class A and B common share:    
Basic and diluted $ (0.32) $ 0.05
Dividends declared per common share $ 0.05 $ 0.05
Weighted average shares outstanding:    
Basic 27,947,577 27,559,748
Diluted 27,947,577 27,622,809