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Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the three months ended March 31, 2023 is as follows:

		Audio				Digital				Other				Corporate				Total
Net revenue		$	47,417,966			$	9,976,785			$	384,369			$	—			$	57,779,120
Operating expenses			39,899,594				9,907,597				846,464				—				50,653,655
Corporate expenses			—				—				—				4,483,095				4,483,095
Depreciation and amortization			1,774,764				46,766				196,477				211,318				2,229,325
Operating income (loss)		$	5,743,608			$	22,422			$	(658,572	)		$	(4,694,413	)		$	413,045

		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	1,138,114			$	2,813			$	20,122			$	8,231			$	1,169,280

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 as of March 31, 2023 is as follows:

		Audio				Digital				Other				Corporate				Total
Property and equipment, net		$	50,931,567			$	108,219			$	84,136			$	3,481,829			$	54,605,751
FCC licenses			487,249,798				—				—				—				487,249,798
Goodwill			10,582,360				922,000				1,761,100				—				13,265,460
Other intangibles, net			1,807,728				953,273				5,037,254				179,663				7,977,918

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

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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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