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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (6,400,699) $ (3,828,626)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 227,407 773,258
Provision for credit losses 1,476,740 742,185
Depreciation and amortization 4,771,435 5,455,622
FCC license termination loss 356,162  
Gain on disposition (2,116,709)  
Goodwill impairment loss   922,000
Amortization of premium and debt issuance costs (5,651,523) 1,006,916
Gain on repurchase of long-term debt (525,000)  
Gain on sale of investment   (6,026,776)
Deferred income taxes (1,958,113) (3,253,871)
Equity in earnings of unconsolidated affiliates (10,571) (60,036)
Change in operating assets and liabilities:    
Accounts receivable 2,244,538 3,570,476
Prepaid expenses (1,897,564) (4,395,972)
Other assets (1,615,493) (3,939,082)
Accounts payable 1,317,673 4,838,615
Other liabilities 3,992,905 1,120,813
Other operating activities 476,401 833,136
Net cash used in operating activities (5,312,411) (2,241,342)
Cash flows from investing activities:    
Capital expenditures (3,594,841) (2,627,040)
Proceeds from dispositions 10,473,213  
Proceeds from sale of investment   6,026,776
Net cash provided by investing activities 6,878,372 3,399,736
Cash flows from financing activities:    
Repurchase of long-term debt (975,000)  
Purchase of treasury stock (27,042) (90,136)
Net cash used in financing activities (1,002,042) (90,136)
Net increase in cash and cash equivalents 563,919 1,068,258
Cash and cash equivalents at beginning of period 13,772,720 26,733,921
Cash and cash equivalents at end of period 14,336,639 27,802,179
Cash paid for interest 16,955,280 23,028,749
Cash paid for income taxes $ 1,170,800 $ 351,975