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Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of reportable segment information
Reportable segment information for the year ended December 31, 2021 is as follows:
 
 
  
Audio
   
Digital
    
Other
   
Corporate
   
Total
 
Net revenue
  
$
 
206,460,883
 
 
$
 
32,743,850
 
  
$
 
2,221,575
 
 
$
—  
 
 
$
 
241,426,308
 
  
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Operating expenses
  
 
163,639,369
 
 
 
32,355,572
 
  
 
3,475,244
 
 
 
—  
 
 
 
199,470,185
 
Corporate expenses
  
 
—  
 
 
 
—  
 
  
 
—  
 
 
 
16,578,046
 
 
 
16,578,046
 
Depreciation and amortization
  
 
7,514,406
 
 
 
12,885
 
  
 
3,148,595
 
 
 
634,109
 
 
 
11,309,995
 
Gain on disposition
  
 
(191,988
 
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
(191,988
Other operating (income) expense, net
  
 
500,000
 
 
 
—  
 
  
 
—  
 
 
 
(900,000
 
 
(400,000
  
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Operating income (loss)
  
$
34,999,096
 
 
$
375,393
 
  
$
(4,402,264
 
$
(16,312,155
 
$
14,660,070
 
  
 
 
   
 
 
    
 
 
   
 
 
   
 
 
 
Reportable segment information as of December 31, 2021 is as follows:
 
 
  
Audio
    
Digital
    
Other
   
Corporate
   
Total
 
Capital expenditures
  
$
4,409,592
 
  
$
87,432
 
  
$
2,852
 
 
$
(1,108
 
$
4,498,768
 
Property and equipment, net
  
 
45,696,008
 
  
 
74,547
 
  
 
21,644
 
 
 
4,050,967
 
 
 
49,843,166
 
FCC licenses
  
 
508,413,913
 
  
 
—  
 
  
 
—  
 
 
 
—  
 
 
 
508,413,913
 
Goodwill
  
 
25,377,447
 
  
 
—  
 
  
 
3,219,100
 
 
 
—  
 
 
 
28,596,547
 
Other intangibles, net
  
 
1,974,093
 
  
 
—  
 
  
 
20,543,451
 
 
 
179,663
 
 
 
22,697,207