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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the three months ended June 30, 2024 is as follows:


		Audio				Digital				Corporate				Total
Net revenue		$	47,430,080			$	13,005,577			$	-			$	60,435,657
Operating expenses			39,468,898				9,878,895				-				49,347,793
Corporate expenses			-				-				3,879,771				3,879,771
Depreciation and amortization			1,594,673				52,440				185,781				1,832,894
Operating income (loss)		$	6,366,509			$	3,074,242			$	(4,065,552	)		$	5,375,199


		Audio				Digital				Corporate				Total
Capital expenditures		$	841,355			$	8,925			$	186,847			$	1,037,127

Reportable segment information for the three months ended June 30, 2023 is as follows:


		Audio				Digital				Other				Corporate				Total
Net revenue		$	50,448,093			$	12,301,269			$	712,361			$	-			$	63,461,723
Operating expenses			39,369,033				10,786,584				1,171,945				-				51,327,562
Corporate expenses			-				-				-				4,405,031				4,405,031
Depreciation and amortization			1,737,441				47,201				199,290				212,053				2,195,985
Impairment losses			10,041,000				-				-				-				10,041,000
Operating income (loss)		$	(699,381	)		$	1,467,484			$	(658,874	)		$	(4,617,084	)		$	(4,507,855	)


		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	811,663			$	8,777			$	5,412			$	21,053			$	846,905

Reportable segment information for the six months ended June 30, 2024 is as follows:


		Audio				Digital				Corporate				Total
Net revenue		$	90,858,207			$	23,957,796			$	-			$	114,816,003
Operating expenses			77,901,810				20,686,981				-				98,588,791
Corporate expenses			-				-				8,287,603				8,287,603
Depreciation and amortization			3,190,926				104,879				371,691				3,667,496
Operating income (loss)		$	9,765,471			$	3,165,936			$	(8,659,294	)		$	4,272,113


		Audio				Digital				Corporate				Total
Capital expenditures		$	1,663,090			$	8,925			$	312,836			$	1,984,851

Reportable segment information for the six months ended June 30, 2023 is as follows:


		Audio				Digital				Other				Corporate				Total
Net revenue		$	97,866,059			$	22,278,054			$	1,096,730			$	-			$	121,240,843
Operating expenses			79,268,627				20,694,181				2,018,409				-				101,981,217
Corporate expenses			-				-				-				8,888,126				8,888,126
Depreciation and amortization			3,512,205				93,967				395,767				423,371				4,425,310
Impairment loss			10,041,000				-				-				-				10,041,000
Operating income (loss)		$	5,044,227			$	1,489,906			$	(1,317,446	)		$	(9,311,497	)		$	(4,094,810	)


		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	1,949,777			$	11,590			$	25,534			$	29,284			$	2,016,185

Reportable segment information as of June 30, 2024 is as follows:


		Audio				Digital				Corporate				Total
Property and equipment, net		$	46,844,784			$	152,088			$	2,922,197			$	49,919,069
FCC licenses			393,006,900				-				-				393,006,900
Goodwill			-				922,000				-				922,000
Other intangibles, net			1,641,363				755,878				179,663				2,576,904

Reportable segment information as of December 31, 2023 is as follows:


		Audio				Digital				Other				Corporate				Total
Property and equipment, net		$	48,324,618			$	95,003			$	74,081			$	2,981,052			$	51,474,754
FCC licenses			393,006,900				-				-				-				393,006,900
Goodwill			-				922,000				-				-				922,000
Other intangibles, net			1,707,909				834,836				-				179,663				2,722,408