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Property and Equipment
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment
(4)
Property and Equipment
Property and equipment is comprised of the following:
 
    
December 31,
    
Estimated
useful lives
(years)
 
    
2020
    
2021
 
Land
   $ 13,342,547      $ 13,342,547        —    
Buildings and improvements
     30,416,904        31,716,052       
15-30
 
Broadcast equipment
     33,212,926        33,053,234       
5-15
 
Transportation equipment
     2,269,019        2,294,487        5  
Office equipment
     6,907,944        7,735,270       
5-10
 
Construction in progress
     2,610,137        2,878,319        —    
    
 
 
    
 
 
          
       88,759,477        91,019,909           
Less accumulated depreciation and amortization
     (35,091,927      (41,176,743         
    
 
 
    
 
 
          
     $ 53,667,550      $ 49,843,166           
    
 
 
    
 
 
          
The Company recorded depreciation expense of $7.4 million and $8.0 million for the years ended December 31, 2020 and 2021, respectively.