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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the year ended December 31, 2022 is as follows: 

		Audio				Digital				Other				Corporate				Total
Net revenue		$	213,036,307			$	40,755,164			$	2,589,547			$	—			$	256,381,018
Operating expenses			173,011,492				36,398,687				3,825,884				—				213,236,063
Corporate expenses			—				—				—				18,001,359				18,001,359
Depreciation and amortization			6,277,953				102,402				2,772,489				767,702				9,920,546
Impairment losses			38,594,470				—				14,280,000				—				52,874,470
Gain on exchange			(3,350,539	)			—				—				—				(3,350,539	)
Operating income (loss)		$	(1,497,069	)		$	4,254,075			$	(18,288,826	)		$	(18,769,061	)		$	(34,300,881	)

		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	13,160,276			$	58,300			$	59,084			$	401,651			$	13,679,311

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

		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	4,409,592			$	87,432			$	2,852			$	(1,108	)		$	4,498,768

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

		Audio				Digital				Other				Corporate				Total
Property and equipment, net		$	51,941,687			$	112,693			$	67,751			$	3,684,916			$	55,807,047
FCC licenses			487,249,798				—				—				—				487,249,798
Goodwill			10,582,360				922,000				1,761,100				—				13,265,460
Other intangibles, net			1,841,001				992,752				5,206,523				179,663				8,219,939

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
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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No definition available.

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