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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

In accordance with the SEC’s disclosure requirements regarding pay versus performance, this section presents the SEC-defined “Compensation Actually Paid,” or CAP. Also required by the SEC, this section compares CAP to various measures used to gauge our performance. CAP is a supplemental measure to be viewed alongside performance measures as an addition to the philosophy and strategy of compensation-setting discussed elsewhere in this Proxy Statement, not in replacement.

Pay Versus Performance Table

The following table sets forth information concerning the compensation of our named executive officers for each of the fiscal years ended December 31, 2022, 2023 and 2024, and our financial performance for each such fiscal year:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based on:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO
($)

 

Compensation
Actually Paid to
PEO
($)(1)

 

Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)

 

Average
Compensation
Actually Paid to
Non-PEO NEOs
($)(1)

 

Total Shareholder Return
($)

 

Net Loss
($)

2024

 

 

1,550,494

 

 

 

 

1,652,294

 

 

 

 

677,800

 

 

 

 

736,258

 

 

 

 

31.58

 

 

 

 

(5,887,258

)

 

2023

 

 

2,366,595

 

 

 

 

2,368,595

 

 

 

 

991,378

 

 

 

 

992,778

 

 

 

 

59.06

 

 

 

 

(75,120,138

)

 

2022

 

 

2,203,975

 

 

 

 

2,073,975

 

 

 

 

966,610

 

 

 

 

875,610

 

 

 

 

61.74

 

 

 

 

(42,057,430

)

 

 

(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

 

Year

 

PEO

 

Non-PEO NEOs

2024

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

2023

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

2022

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

 

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2024

Adjustments

 

PEO

 

Average Non-
PEO NEOs

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date

 

 

 

 

 

 

 

 

 

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

 

 

$

(122,850

)

 

 

 

$

(75,246

)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

 

 

$

(12,500

)

 

 

 

$

(8,750

)

 

TOTAL ADJUSTMENTS

 

 

$

(135,350

)

 

 

 

$

(83,996

)

 

 

   
Named Executive Officers, Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

 

Year

 

PEO

 

Non-PEO NEOs

2024

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

2023

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

2022

 

Caroline Beasley

 

Bruce Beasley and Brian Beasley

   
PEO Total Compensation Amount $ 1,550,494 $ 2,366,595 $ 2,203,975
PEO Actually Paid Compensation Amount $ 1,652,294 2,368,595 2,073,975
Adjustment To PEO Compensation, Footnote

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2024

Adjustments

 

PEO

 

Average Non-
PEO NEOs

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date

 

 

 

 

 

 

 

 

 

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

 

 

$

(122,850

)

 

 

 

$

(75,246

)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

 

 

$

(12,500

)

 

 

 

$

(8,750

)

 

TOTAL ADJUSTMENTS

 

 

$

(135,350

)

 

 

 

$

(83,996

)

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 677,800 991,378 966,610
Non-PEO NEO Average Compensation Actually Paid Amount $ 736,258 992,778 875,610
Adjustment to Non-PEO NEO Compensation Footnote

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2024

Adjustments

 

PEO

 

Average Non-
PEO NEOs

Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table for Applicable FY

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

 

 

 

 

 

 

 

 

 

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Vested during Applicable FY, determined as of Vesting Date

 

 

 

 

 

 

 

 

 

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

 

 

$

(122,850

)

 

 

 

$

(75,246

)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

 

 

$

(12,500

)

 

 

 

$

(8,750

)

 

TOTAL ADJUSTMENTS

 

 

$

(135,350

)

 

 

 

$

(83,996

)

 

 

   
Compensation Actually Paid vs. Total Shareholder Return

img130959382_3.jpg

   
Compensation Actually Paid vs. Net Income

img130959382_4.jpg

   
Total Shareholder Return Amount $ 31.58 59.06 61.74
Net Income (Loss) $ (5,887,258) $ (75,120,138) $ (42,057,430)
PEO Name Caroline Beasley    
PEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (135,350)    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (122,850)    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (12,500)    
Non-PEO NEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (83,996)    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (75,246)    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (8,750)