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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,936,783 $ 13,772,720
Accounts receivable, less allowance for credit losses of $1,698,285 in 2024 and $2,396,893 in 2025 45,468,661 51,551,945
Prepaid expenses 3,359,764 3,139,678
Other current assets 1,695,702 825,794
Total current assets 60,460,910 69,290,137
Property and equipment, net 43,101,321 47,000,978
Operating lease right-of-use assets 26,463,869 33,233,714
FCC licenses 154,711,200 392,259,831
Other intangibles, net 1,412,901 2,082,098
Assets held for sale 7,423,633 0
Other assets 5,714,142 5,340,067
Total assets 299,287,976 549,206,825
Current liabilities:    
Accounts payable 25,832,681 21,037,797
Operating lease liabilities 6,972,790 8,688,874
Other current liabilities 24,630,287 23,260,496
Current portion of long-term debt 2,795,000 0
Total current liabilities 60,230,758 52,987,167
Long-term debt, net of unamortized debt issuance costs 235,287,353 247,117,717
Operating lease liabilities 25,635,355 31,402,424
Deferred tax liabilities 19,041,411 63,747,937
Liabilities held for sale 1,689,352  
Total liabilities 348,618,407 401,987,118
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 156,797,847 156,595,835
Treasury stock, Class A Common Stock; 194,490 shares in 2024; 200,051 shares in 2025 (29,367,411) (29,337,880)
Retained earnings (accumulated deficit) (177,394,073) 19,155,668
Accumulated other comprehensive income 598,351 771,249
Total stockholders' equity (deficit) (49,330,431) 147,219,707
Total liabilities and stockholders' equity (deficit) 299,287,976 549,206,825
Due to Related Parties [Member]    
Current liabilities:    
Other long-term liabilities 0 24,307
Nonrelated Party [Member]    
Current liabilities:    
Other long-term liabilities 6,734,178 6,707,566
Class A Common Stock [Member]    
Stockholders' equity (deficit):    
Common stock 18,193 18,173
Class B Common Stock [Member]    
Stockholders' equity (deficit):    
Common stock $ 16,662 $ 16,662