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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of reportable segment information

Reportable segment information for the three months ended March 31, 2025 is as follows:

		Audio				Digital				Corporate				Total
Net revenue		$	38,153,370			$	10,759,095			$	—			$	48,912,465
Operating expenses			36,394,976				8,846,285				—				45,241,261
Corporate expenses			—				—				4,019,462				4,019,462
Depreciation and amortization			1,493,963				31,488				126,880				1,652,331
Operating income (loss)		$	264,431			$	1,881,322			$	(4,146,342	)		$	(2,000,589	)

		Audio				Digital				Corporate				Total
Capital expenditures		$	461,592			$	1,713			$	336,860			$	800,165

Reportable segment information for the three months ended March 31, 2024 is as follows:

		Audio				Digital				Corporate				Total
Net revenue		$	43,428,127			$	10,952,219			$	—			$	54,380,346
Operating expenses			38,432,912				10,808,086				—				49,240,998
Corporate expenses			—				—				4,407,832				4,407,832
Depreciation and amortization			1,596,253				52,439				185,910				1,834,602
Operating income (loss)		$	3,398,962			$	91,694			$	(4,593,742	)		$	(1,103,086	)

		Audio				Digital				Corporate				Total
Capital expenditures		$	821,735			$	—			$	125,989			$	947,724

Reportable segment information as of March 31, 2025 is as follows:

		Audio				Digital				Corporate				Total
Property and equipment, net		$	42,042,163			$	56,987			$	3,057,987			$	45,157,137
FCC licenses			392,259,831			—				—					392,259,831
Other intangibles, net			1,541,544				304,076				179,663				2,025,283

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

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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