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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,772,720 $ 26,733,921
Accounts receivable, less allowance for credit losses of $1,752,058 in 2023 and $1,698,285 in 2024 51,551,945 53,424,196
Prepaid expenses 3,139,678 4,338,503
Other current assets 825,794 2,150,163
Total current assets 69,290,137 86,646,783
Property and equipment, net 47,000,978 51,474,754
Operating lease right-of-use assets 33,233,714 34,767,126
FCC licenses 392,259,831 393,006,900
Goodwill 0 922,000
Other intangibles, net 2,082,098 2,722,408
Other assets 5,340,067 4,727,967
Total assets 549,206,825 574,267,938
Current liabilities:    
Accounts payable 21,037,797 14,299,048
Operating lease liabilities 8,688,874 8,082,981
Other current liabilities 23,260,496 25,913,827
Total current liabilities 52,987,167 48,295,856
Long-term debt, net of unamortized debt issuance costs 247,117,717 264,203,010
Operating lease liabilities 31,402,424 33,440,246
Deferred tax liabilities 63,747,937 71,894,915
Total liabilities 401,987,118 425,289,303
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 156,595,835 152,794,353
Treasury stock, Class A Common Stock; 186,872 shares in 2023; 194,490 shares in 2024 [1] (29,337,880) (29,239,179)
Retained earnings 19,155,668 25,042,926
Accumulated other comprehensive income 771,249 346,484
Total stockholders' equity 147,219,707 148,978,635
Total liabilities and stockholders' equity 549,206,825 574,267,938
Due to Related Parties [Member]    
Current liabilities:    
Other long-term liabilities 24,307 55,019
Nonrelated Party [Member]    
Current liabilities:    
Other long-term liabilities 6,707,566 7,400,257
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 18,173 17,389
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662
[1] The shares of Class A and Class B Common Stock have been retroactively adjusted to reflect the 1-for-20 Reverse Stock Split that occurred on September 23, 2024. See Note 21 for additional information.