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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 26,733,921 $ 39,534,653
Accounts receivable, less allowance for credit losses of $1,876,751 in 2022 and $1,752,058 in 2023 53,424,196 56,683,526
Prepaid expenses 4,338,503 5,078,231
Other current assets 2,150,163 4,364,120
Total current assets 86,646,783 105,660,530
Property and equipment, net 51,474,754 55,807,047
Operating lease right-of-use assets 34,767,126 38,478,756
Finance lease right-of-use assets 0 306,667
FCC licenses 393,006,900 487,249,798
Goodwill 922,000 13,265,460
Other intangibles, net 2,722,408 8,219,939
Other assets 4,727,967 5,955,158
Total assets 574,267,938 714,943,355
Current liabilities:    
Accounts payable 14,299,048 19,344,621
Operating lease liabilities 8,082,981 8,166,394
Other current liabilities 25,913,827 29,183,630
Total current liabilities 48,295,856 56,694,645
Long-term debt, net of unamortized debt issuance costs 264,203,010 285,472,107
Operating lease liabilities 33,440,246 37,485,602
Deferred tax liabilities 71,894,915 98,068,981
Total liabilities 425,289,303 491,454,547
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 152,794,353 151,948,310
Treasury stock, Class A common stock; 3,649,568 shares in 2022; 3,737,441 shares in 2023 (29,239,179) (29,155,300)
Retained earnings 25,042,926 100,163,064
Accumulated other comprehensive income 346,484 499,311
Total stockholders' equity 148,978,635 223,488,808
Total liabilities and stockholders' equity 574,267,938 714,943,355
Due to Related Parties [Member]    
Current liabilities:    
Other long-term liabilities 55,019 85,731
Nonrelated Party [Member]    
Current liabilities:    
Other long-term liabilities 7,400,257 13,647,481
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 17,389 16,761
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662