v3.26.1
SEGMENT INFORMATION - Schedule of Revenue and Segment Adjusted EBITDA (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Segment Reporting [Abstract]        
Number of operating segments | segment     2  
Number of reportable segments | segment     2  
Segment Reporting [Line Items]        
Total revenues $ 54,115,485 $ 46,439,744 $ 105,773,976 $ 91,741,451
Segment adjusted EBITDA 5,715,196 (3,766,169) 5,360,858 (3,317,988)
Depreciation (525,142) (734,590) (1,091,961) (1,471,465)
Amortization (238,799) (49,906) (431,359) (89,280)
Interest, net 1,308,664 1,794,598 2,649,526 2,842,829
Unrealized gain on marketable securities 271,965 (500,736) 1,250,876 1,084,844
Stock-based compensation (3,318,835) (3,417,686) (6,674,202) (4,994,794)
Other corporate matters 0 (68,437,098) 0 (78,104,701)
Other, net (345,758) (54,342) (384,657) (8,342,898)
Income (loss) before income tax expense 2,867,291 (75,165,929) 679,081 (92,393,453)
Income tax expense 0 9,693 0 14,693
Net income (loss) 2,867,291 (75,175,622) 679,081 (92,408,146)
Broadcasting        
Segment Reporting [Line Items]        
Total revenues 45,814,855 38,029,015 89,516,347 74,216,192
Adjusted cost of sales 24,300,793 21,558,033 48,923,192 41,520,756
Adjusted general and administrative expenses 13,441,338 14,837,968 28,554,000 27,871,559
Segment adjusted EBITDA 8,072,724 1,633,014 12,039,155 4,823,877
Digital        
Segment Reporting [Line Items]        
Total revenues 8,300,630 8,410,729 16,257,629 17,525,259
Adjusted cost of sales 4,491,125 5,137,983 9,555,082 10,362,681
Adjusted general and administrative expenses 6,167,033 8,671,929 13,380,844 15,304,443
Segment adjusted EBITDA $ (2,357,528) $ (5,399,183) $ (6,678,297) $ (8,141,865)