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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net Income (Loss) $ (5,887,258) $ (75,120,138)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 893,292 846,375
Provision for credit losses 899,669 1,642,545
Depreciation and amortization 7,236,060 8,809,343
FCC licenses impairment losses 0 89,214,665
FCC licenses termination losses 630,086  
Goodwill impairment losses 922,000 10,582,360
Gain on dispositions (799,377)  
Gain on sale of investment (6,026,776) 0
Extinguishment of franchise fee   (6,000,000)
Amortization of premium and debt issuance costs (704,298) 1,447,528
Gain on repurchases of long-term debt 0 (7,807,875)
Deferred income taxes (8,464,890) (25,918,433)
Equity in earnings of unconsolidated affiliates (64,790) 148,528
Change in operating assets and liabilities:    
Accounts receivable 972,582 1,616,785
Prepaid expenses 1,198,825 739,728
Other assets 361,407 2,995,740
Accounts payable 6,738,749 (5,045,573)
Other liabilities (2,530,716) (4,048,647)
Other operating activities 913,650 1,218,520
Net cash used in operating activities (3,711,785) (4,678,549)
Cash flows from investing activities:    
Capital expenditures (3,013,668) (4,189,554)
Proceeds from dispositions 1,308,968 11,060,000
Proceeds from sale of investment 6,026,776  
Net cash provided by investing activities 4,322,076 6,870,446
Cash flows from financing activities:    
Issuance of debt, net of issuance costs 29,999,000  
Repurchase of long-term debt (42,500,000) (14,908,750)
Payment of debt issuance expenses (1,671,791) 0
Issuance of common stock 700,000  
Purchase of treasury stock (98,701) (83,879)
Net cash used in financing activities (13,571,492) (14,992,629)
Net decrease in cash and cash equivalents (12,961,201) (12,800,732)
Cash and cash equivalents at beginning of period 26,733,921 39,534,653
Cash and cash equivalents at end of period 13,772,720 26,733,921
Cash paid for interest 27,246,716 25,224,653
Cash paid for income taxes $ 2,911,875 $ 1,402,784