CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
|
| Revenues | ||||
| Total revenues | $ 59,472,124 | $ 25,985,375 | $ 116,098,834 | $ 58,617,020 |
| Cost of revenues | ||||
| Total cost of revenues | 47,719,306 | 18,524,631 | 87,840,328 | 38,039,657 |
| Gross profit | 11,752,818 | 7,460,744 | 28,258,506 | 20,577,363 |
| Operating expenses | ||||
| Compensation, taxes and benefits | 4,747,081 | 3,845,918 | 12,934,406 | 9,895,646 |
| General and administrative | 2,512,330 | 1,770,002 | 8,717,584 | 5,187,875 |
| Total operating expenses | 7,259,411 | 5,615,920 | 21,651,990 | 15,083,521 |
| Income from operations | 4,493,407 | 1,844,824 | 6,606,516 | 5,493,842 |
| Other income (expense) | ||||
| Other income | 83,331 | 175,472 | 47,982 | |
| Forgiveness of Paycheck Protection Program loan | 287,143 | |||
| Loss on redemption of non-participating preferred units | (590,689) | |||
| Contingent loss on early termination of line of credit | (299,770) | |||
| Interest expense | (1,059,890) | (905,605) | (3,104,684) | (2,269,643) |
| Total other expense | (976,559) | (905,605) | (3,228,982) | (2,525,207) |
| Income before taxes | 3,516,848 | 939,219 | 3,377,534 | 2,968,635 |
| Tax expense | 165,994 | 128,436 | 165,658 | 215,112 |
| Net income | $ 3,350,854 | $ 810,783 | $ 3,211,876 | $ 2,753,523 |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 0.23 | $ 0.06 | $ 0.23 | $ 0.23 |
| Diluted (in dollars per share) | $ 0.23 | $ 0.06 | $ 0.22 | $ 0.23 |
| Weighted-average number of shares of common stock outstanding: | ||||
| Basic (in shares) | 14,268,168 | 14,178,000 | 14,216,211 | 11,846,601 |
| Diluted (in shares) | 14,827,165 | 14,545,241 | 14,817,770 | 11,996,969 |
| Buy-side advertising | ||||
| Revenues | ||||
| Total revenues | $ 7,850,058 | $ 7,130,736 | $ 27,092,816 | $ 22,283,044 |
| Cost of revenues | ||||
| Total cost of revenues | 3,113,491 | 2,471,170 | 10,650,541 | 7,694,987 |
| Sell-side advertising | ||||
| Revenues | ||||
| Total revenues | 51,622,066 | 18,854,639 | 89,006,018 | 36,333,976 |
| Cost of revenues | ||||
| Total cost of revenues | $ 44,605,815 | $ 16,053,461 | $ 77,189,787 | $ 30,344,670 |
| X | ||||||||||
- Definition The amount of compensation, taxes and benefits expenses. No definition available.
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- Definition The amount of Forgiveness of Paycheck Protection Program loan. No definition available.
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- Definition The amount of gain (loss) on redemption of non-participating preferred units. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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