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Property and Equipment
12 Months Ended
Dec. 31, 2022
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)
 
 
  
2021
 
  
2022
 
Land
  $ 13,342,547     $ 13,342,547       —    
Buildings and improvements
    31,716,052       39,350,594      
15-30
 
Broadcast equipment
    33,053,234       32,663,190      
5-15
 
Transportation equipment
    2,294,487       2,304,018       5  
Office equipment
    7,735,270       9,871,341      
5-10
 
Construction in progress
    2,878,319       649,321       —    
   
 
 
   
 
 
         
      91,019,909       98,181,011          
Less accumulated depreciation and amortization
    (41,176,743     (42,373,964        
   
 
 
   
 
 
         
    $ 49,843,166     $ 55,807,047          
   
 
 
   
 
 
         
The Company recorded depreciation expense of $8.0 million and $6.9 million for the years ended December 31, 2021 and 2022, respectively.