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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the year ended December 31, 2024 is as follows:

		Audio				Digital				Corporate				Total
Net revenue		$	193,561,279			$	46,730,332			$	—			$	240,291,611
Operating expenses			160,575,045				41,193,712				—				201,768,757
Corporate expenses			—				—				17,272,696				17,272,696
Depreciation and amortization			6,379,197				173,164				683,699				7,236,060
Impairment losses			—				922,000				—				922,000
Operating income (loss)		$	26,607,037			$	4,441,456			$	(17,956,395	)		$	13,092,098

		Audio				Digital				Corporate				Total
Capital expenditures		$	2,463,014			$	—			$	550,654			$	3,013,668

Reportable segment information for the year ended December 31, 2023 is as follows:

		Audio				Digital				Other				Corporate				Total
Net revenue		$	199,481,868			$	45,417,296			$	2,210,094			$	—			$	247,109,258
Operating expenses			163,608,414				40,844,592				3,794,215				—				208,247,221
Corporate expenses			—				—				—				18,246,731				18,246,731
Depreciation and amortization			7,013,118				188,790				770,029				837,406				8,809,343
Impairment losses			99,797,025				—				—				—				99,797,025
Extinguishment of franchise fee			—				—				(6,000,000	)			—				(6,000,000	)
Operating income (loss)		$	(70,936,689	)		$	4,383,914			$	3,645,850			$	(19,084,137	)		$	(81,991,062	)

		Audio				Digital				Other				Corporate				Total
Capital expenditures		$	3,901,609			$	13,184			$	25,534			$	249,227			$	4,189,554

Reportable segment information as of December 31, 2024 is as follows:

		Audio				Digital				Corporate				Total
Property and equipment, net		$	44,089,751			$	63,220			$	2,848,007			$	47,000,978
FCC licenses			392,259,831				—				—				392,259,831
Other intangibles, net			1,574,817				327,618				179,663				2,082,098

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

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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