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Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the three months ended March 31, 2022 is as follows:

		Audio				Digital				Other				Corporate				Total
Net revenue		$	47,365,145			$	7,808,250			$	546,873			$	—			$	55,720,268
Operating expenses			40,683,812				8,401,763				744,861				—				49,830,436
Corporate expenses			—				—				—				4,233,460				4,233,460
Depreciation and amortization			1,621,827				4,464				695,348				194,261				2,515,900
Impairment loss			1,857,226				—				—				—				1,857,226
Operating income (loss)		$	3,202,280			$	(597,977	)		$	(893,336	)		$	(4,427,721	)		$	(2,716,754	)
		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	1,181,994			$	1,844			$	60,682			$	142,230			$	1,386,750

Reportable segment information for the three months ended March 31, 2021 is as follows:

		Audio				Digital				Other				Corporate				Total
Net revenue		$	41,729,602			$	5,763,728			$	718,710			$	—			$	48,212,040
Operating expenses			34,735,469				7,257,915				974,487				—				42,967,871
Corporate expenses			—				—				—				3,905,289				3,905,289
Depreciation and amortization			2,004,377				—				811,903				135,621				2,951,901
Gain on disposition			(191,988	)			—				—				—				(191,988	)
Other operating expenses			500,000				—				—				600,000				1,100,000
Operating income (loss)		$	4,681,744			$	(1,494,187	)		$	(1,067,680	)		$	(4,640,910	)		$	(2,521,033	)
		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	712,945			$	—			$	2,852			$	313,471			$	1,029,268

Reportable segment information as of March 31, 2022 is as follows:

		Audio				Digital				Other				Corporate				Total
Property and equipment, net		$	45,272,758			$	71,927			$	81,543			$	3,998,936			$	49,425,164
FCC licenses			506,556,687				—				—				—				506,556,687
Goodwill			25,377,447				—				3,219,100				—				28,596,547
Other intangibles, net			1,940,820				—				19,914,719				179,663				22,035,202

Reportable segment information as of December 31, 2021 is as follows:

		Audio				Digital				Other				Corporate				Total
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

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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