XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 39,534,653 $ 51,378,642
Accounts receivable, less allowance for doubtful accounts of $1,720,477 in 2021 and $1,876,751 in 2022 56,683,526 53,378,437
Prepaid expenses 5,078,231 4,044,056
Other current assets 4,364,120 3,397,418
Total current assets 105,660,530 112,198,553
Property and equipment, net 55,807,047 49,843,166
Operating lease right-of-use assets 38,478,756 34,155,175
Finance lease right-of-use assets 306,667 320,000
FCC licenses 487,249,798 508,413,913
Goodwill 13,265,460 28,596,547
Other intangibles, net 8,219,939 22,697,207
Other assets 5,955,158 5,863,501
Total assets 714,943,355 762,088,062
Current liabilities:    
Accounts payable 19,344,621 6,995,081
Operating lease liabilities 8,166,394 7,693,831
Finance lease liabilities 0 1,945
Other current liabilities 29,183,630 29,811,226
Total current liabilities 56,694,645 44,502,083
Due to related parties 85,731 372,193
Long-term debt, net of current installments and unamortized debt issuance costs 285,472,107 293,789,892
Operating lease liabilities 37,485,602 28,747,450
Deferred tax liabilities 98,068,981 115,689,317
Other long-term liabilities 13,647,481 15,904,829
Total liabilities 491,454,547 499,005,764
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 151,948,310 150,896,611
Treasury stock, Class A common stock; 3,552,455 shares in 2021; 3,649,568 shares in 2022 (29,155,300) (29,021,360)
Retained earnings 100,163,064 142,220,494
Accumulated other comprehensive (loss) income 499,311 (1,046,357)
Total stockholders' equity 223,488,808 263,082,298
Total liabilities and stockholders' equity 714,943,355 762,088,062
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 16,761 16,248
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662