XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Net Loss - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenue $ 60,435,657 $ 63,461,723 $ 114,816,003 $ 121,240,843
Operating expenses:        
Operating expenses 49,347,793 51,327,562 98,588,791 101,981,217
Corporate expenses 3,879,771 4,405,031 8,287,603 8,888,126
Depreciation and amortization 1,832,894 2,195,985 3,667,496 4,425,310
Impairment loss   10,041,000   10,041,000
Total operating expenses 55,060,458 67,969,578 110,543,890 125,335,653
Operating income (loss) 5,375,199 (4,507,855) 4,272,113 (4,094,810)
Non-operating income (expense):        
Interest expense (6,092,829) (6,724,469) (11,680,137) (13,318,321)
Gain on sale of investment     6,026,776  
Other income, net 357,260 36,735 627,265 577,250
Loss before income taxes (360,370) (11,195,589) (753,983) (16,835,881)
Income tax benefit (75,986) (821,836) (486,216) (2,985,819)
Loss before equity in earnings of unconsolidated affiliates (284,384) (10,373,753) (267,767) (13,850,062)
Equity in earnings of unconsolidated affiliates, net of tax 8,363 (56,876) (284) (117,133)
Net loss $ (276,021) $ (10,430,629) $ (268,051) $ (13,967,195)
Net loss per Class A and Class B common share:        
Basic $ (0.01) $ (0.35) $ (0.01) $ (0.47)
Diluted $ (0.01) $ (0.35) $ (0.01) $ (0.47)
Weighted average shares outstanding:        
Basic 30,354,222 29,853,144 30,340,012 29,819,638
Diluted 30,354,222 29,853,144 30,340,012 29,819,638