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v3.26.1

Property and Equipment | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | (4) Property and Equipment Property and equipment is comprised of the following:
|  | December 31, |  |  | Estimated useful lives |
|  | 2024 |  |  | 2025 |  |  | (years) |
Land |  | $ | 13,110,390 |  |  | $ | 12,074,390 |  |  |  | — |
Buildings and improvements |  |  | 37,353,496 |  |  |  | 34,577,369 |  |  | 15-30 |
Broadcast equipment |  |  | 36,077,763 |  |  |  | 33,560,557 |  |  | 5-15 |
Transportation equipment |  |  | 1,996,366 |  |  |  | 2,142,391 |  |  | 5 |
Office equipment |  |  | 10,067,711 |  |  |  | 11,287,765 |  |  | 5-10 |
Construction in progress |  |  | 995,744 |  |  |  | 2,615,848 |  |  |  | — |
|  |  | 99,601,470 |  |  |  | 96,258,320 |  |  |  |
Less accumulated depreciation and amortization |  |  | (52,600,492 | ) |  |  | (53,156,999 | ) |  |  |
|  | $ | 47,000,978 |  |  | $ | 43,101,321 |  |  |  |
On January 27, 2025, the Company completed a sale of land in Belmar, NJ to a third party for $2.8 million in cash. The Company recorded a gain on disposition of $1.7 million during the first quarter of 2025. On October 28, 2024, the Company completed the sale of a building in Belmar, NJ to a third party for $1.2 million in cash. The Company recorded a gain on disposition of $0.8 million during the fourth quarter of 2024. The Company recorded depreciation expense of $7.0 million an d $6.1 mil lion for the years ended December 31, 2024 and 2025, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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