Beasley Broadcast (BBGI) 10-Q 7 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Registrant Name	BEASLEY BROADCAST GROUP, INC.
Entity Central Index Key	0001099160
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	FL
Entity Tax Identification Number	65-0960915
Entity Address, Address Line One	3033 Riviera Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Naples
Entity Address, Postal Zip Code	34103
City Area Code	239
Local Phone Number	263-5000
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	BBGI
Security Exchange Name	NASDAQ
Entity File Number	000-29253
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,887,080
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 32,848,868	$ 51,378,642
Accounts receivable, less allowance for doubtful accounts of $1,720,477 in 2021 and $1,638,970 in 2022	46,696,748	53,378,437
Prepaid expenses	9,969,112	4,044,056
Other current assets	3,903,381	3,397,418
Total current assets	93,418,109	112,198,553
Property and equipment, net	55,712,057	49,843,166
Operating lease right-of-use assets	39,539,899	34,155,175
Finance lease right-of-use assets	310,000	320,000
FCC licenses	503,003,909	508,413,913
Goodwill	23,661,996	28,596,547
Other intangibles, net	21,743,423	22,697,207
Other assets	7,593,606	5,863,501
Total assets	744,982,999	762,088,062
Current liabilities:
Accounts payable	12,817,393	6,995,081
Operating lease liabilities	8,105,416	7,693,831
Finance lease liabilities	0	1,945
Other current liabilities	26,510,182	29,811,226
Total current liabilities	47,432,991	44,502,083
Due to related parties	93,409	372,193
Long-term debt, net of current installments and unamortized debt issuance costs	285,104,981	293,789,892
Operating lease liabilities	38,707,218	28,747,450
Deferred tax liabilities	111,463,989	115,689,317
Other long-term liabilities	15,896,624	15,904,829
Total liabilities	498,699,212	499,005,764
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	151,765,950	150,896,611
Treasury stock, Class A common stock; 3,552,455 shares in 2021; 3,625,232 shares in 2022	(29,129,451)	(29,021,360)
Retained earnings	124,672,915	142,220,494
Accumulated other comprehensive loss	(1,058,799)	(1,046,357)
Total stockholders' equity	246,283,787	263,082,298
Total liabilities and stockholders' equity	744,982,999	762,088,062
Class A Common Stock [Member]
Stockholders' equity:
Common stock	16,510	16,248
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Allowance for doubtful accounts	$ 1,638,970	$ 1,720,477
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	16,512,312	16,249,312
Common stock, shares outstanding	12,887,080	12,696,857
Treasury stock, Class A common stock shares	3,625,232	3,552,455
Class B Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	16,662,743	16,662,743
Common stock, shares outstanding	16,662,743	16,662,743

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net revenue	$ 63,823,288	$ 62,902,935	$ 184,354,006	$ 170,689,680
Operating expenses:
Operating expenses	51,511,699	51,186,064	155,147,840	142,648,355
Corporate expenses	5,132,362	3,980,815	13,933,292	11,843,958
Depreciation and amortization	2,456,646	2,843,350	7,423,648	8,646,174
Impairment losses			10,476,323	0
Gain on disposition			0	(191,988)
Other operating income (expense), net			0	(400,000)
Total operating expenses	59,100,707	58,010,229	186,981,103	162,546,499
Operating income	4,722,581	4,892,706	(2,627,097)	8,143,181
Non-operating income (expense):
Interest expense	(6,621,540)	(7,021,577)	(20,293,794)	(19,665,017)
Loss on extinguishment of long-term debt			0	(4,996,731)
Other income, net	1,166,430	12,186	1,357,512	58,679
Loss before income taxes	(732,529)	(2,116,685)	(21,563,379)	(16,459,888)
Income tax benefit	(1,252,669)	(515,380)	(3,874,646)	(4,417,660)
Income (loss) before equity in earnings of unconsolidated affiliates	520,140	(1,601,305)	(17,688,733)	(12,042,228)
Equity in earnings of unconsolidated affiliates, net of tax	(22,072)	(19,018)	141,154	(75,042)
Net income (loss)	498,068	(1,620,323)	(17,547,579)	(12,117,270)
Earnings attributable to noncontrolling interest			0	129,249
Net income (loss) attributable to BBGI stockholders	$ 498,068	$ (1,620,323)	$ (17,547,579)	$ (11,988,021)
Net loss attributable to BBGI stockholders per Class A and Class B common share:
Basic and diluted	$ 0.02	$ (0.06)	$ (0.6)	$ (0.41)
Basic and diluted	$ 0.02	$ (0.06)	$ (0.6)	$ (0.41)
Weighted average shares outstanding:
Basic	29,546,324	29,254,609	29,445,998	29,263,963
Diluted	29,715,361	29,254,609	29,445,998	29,263,963

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock-based compensation			$ 876,174	$ 1,174,338
Station Operating Expenses [Member]
Stock-based compensation	$ 60,892	$ 100,688	214,483	347,968
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 209,202	$ 150,650	$ 661,691	$ 826,370

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (17,547,579)	$ (12,117,270)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation	876,174	1,174,338
Provision for bad debts	853,938	(1,487,150)
Depreciation and amortization	7,423,648	8,646,174
Impairment losses	10,476,323	0
Gain on disposition	0	(191,988)
Amortization of loan fees	1,123,935	1,171,785
Loss on extinguishment of long-term debt	0	4,996,731
Deferred income taxes	(4,232,949)	(4,417,660)
Equity in earnings of unconsolidated affiliates	(141,154)	75,042
Change in operating assets and liabilities:
Accounts receivable	5,827,751	1,685,007
Prepaid expenses	(5,925,056)	(6,254,604)
Other assets	(1,890,763)	(1,656,170)
Accounts payable	5,822,312	(5,567,791)
Other liabilities	808,125	7,796,383
Other operating activities	(1,183,318)	170,172
Net cash provided by (used in) operating activities	2,291,387	(5,977,001)
Cash flows from investing activities:
Payment for acquisition	(2,000,000)	0
Capital expenditures	(11,218,937)	(3,704,750)
Proceeds from dispositions	1,185,312	362,500
Proceeds from life insurance	0	3,000,000
Net cash used in investing activities	(12,033,625)	(342,250)
Cash flows from financing activities:
Issuance of debt	0	310,000,000
Payments on debt	(8,677,500)	(268,500,000)
Payment of debt issuance costs	0	(7,604,215)
Reduction of finance lease liabilities	(1,945)	(52,629)
Purchase of treasury stock	(108,091)	(141,579)
Net cash provided by (used in) financing activities	(8,787,536)	33,701,577
Net increase (decrease) in cash and cash equivalents	(18,529,774)	27,382,326
Cash and cash equivalents at beginning of period	51,378,642	20,759,432
Cash and cash equivalents at end of period	32,848,868	48,141,758
Cash paid for interest	25,564,611	14,703,825
Cash paid for income taxes	1,547,500	1,526,303
Supplemental disclosure of non-cash investing and financing activities:
Acquisition of noncontrolling interest	0	4,490,130
Extinguishment of trade sales payable	0	934,500
Class A Common Stock [Member]
Supplemental disclosure of non-cash investing and financing activities:
Class A common stock returned to treasury stock	$ 0	$ 670,594

Interim Financial Statements

Interim Financial Statements	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of Beasley Broadcast Group, Inc. and its subsidiaries (the “Company”) included in the Company’s Annual Report on Form 10-K 10-Q S-X.

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Acquisitions and Dispositions	(2) Acquisitions and Dispositions On September 29, 2022, the Company entered into an asset exchange agreement with Audacy Nevada, LLC (‘Audacy”), pursuant to which the Company agreed to exchange all of its assets used or useful in the operations of KDWN-AM KXTE-FM KXTE-FM November 14, 2022. The LMA will end on the closing date of the asset exchange. The asset exchange, which is expected to close in the fourth quarter of 2022, is subject to approval by the Federal Communications Commission (“FCC”) and other customary closing conditions. The Company expects to record a gain on exchange upon closing of the asset exchange. On June 22, 2022, the Company completed the acquisition of Guarantee Digital, LLC (“Guarantee”), a digital marketing agency, for $ 2.0 million in cash. The acquisition broadened the Company’s digital revenue base across the U.S. The acquisition was accounted for as a business combination. The f inal purchase price allocation was completed during the third quarter of 2022 and changed from the preliminary purchase price allocation reported in the second quarter of 2022. The final purchase price allocation is summarized as follows: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000 Goodwill was equal to the amount the purchase price exceeded the values allocated to the tangible and identifiable intangible assets and includes the value of the assembled workforce. The goodwill was allocated to the Digital segment. The $ million allocated to goodwill is deductible for tax purposes. Revenue and earnings for Guarantee are not material for all reporting periods presented in the accompanying financial statements. On April 1, 2022, the Company completed the sale of substantially all of the assets used in the operations of WWNN-AM

FCC Licenses

FCC Licenses	9 Months Ended
	Sep. 30, 2022
Text Block [Abstract]
FCC Licenses	(3) FCC Licenses Changes in the carrying amount of FCC licenses for the nine months ended September 30, 2022 are as follows: Balance as of January 1, 2022 $ 508,413,913 Station disposition (see Note 2) (790,232 ) Impairment losses (see below and also Note 2) (4,619,772 ) Balance as of September 30, 2022 $ 503,003,909 FCC licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the FCC licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its FCC licenses are impaired. If the Company determines it is more likely than not that its FCC licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the FCC licenses with the carrying amounts of such licenses. If the carrying amounts of the FCC licenses exceed the fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing FCC licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. Due to an increase in interest rates in the U.S. economy, the Company tested its FCC licenses for impairment during the second quarter of 2022. As a result of the quantitative impairment test performed as of June 30, 2022, the Company recorded impairment losses of $2.8 million related to the FCC licenses in its Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair value of the FCC licenses due to certain risks associated with the U.S. economy. The fair values of the FCC licenses in the Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected audio market revenues, projected growth rate for audio market revenues, projected audio market revenue shares, projected audio operating income margins, and a discount rate appropriate for the audio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (1.9)% - 15.9% Market revenue shares at maturity 0.6% - 44.0% Operating income margins at maturity 19.2% - 32.6% Discount rate 9.5% Interest rates in the U.S. economy continued to increase during the third quarter of 2022; however there were no changes to the discount rate or any other items used in the discounted cash flow analyses to estimate the fair value of the FCC licenses. Therefore, the Company did not record any impairment losses related to FCC licenses during the third quarter of 2022.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(4) Goodwill Changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are as follows: Balance as of January 1, 2022 $ 28,596,547 Acquisition (see Note 2) 922,000 Impairment losses (5,856,551 ) Balance as of September 30, 2022 $ 23,661,996 Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment for each reporting unit. If the quantitative assessment is necessary, the Company will determine the fair value of each reporting unit. If the fair value of any reporting unit is less than the carrying amount, the Company will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. For the purpose of testing goodwill for impairment, the Company has identified its audio market clusters and esports as its reporting units. Due to an increase in interest rates in the U.S. economy, the Company tested its goodwill for impairment during the second quarter of 2022. As a result of the quantitative impairment test performed as of June 30, 2022, the Company recorded impairment losses of $5.9 million related to the goodwill in its Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL and Tampa-Saint Petersburg, FL market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair value of goodwill due to certain risks associated with the U.S. economy. The fair values of the goodwill in the Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL and Tampa-Saint Petersburg, FL market clusters was estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected audio market revenues, projected growth rate for audio market revenues, projected audio market revenue shares, projected audio operating income margins, and a discount rate appropriate for the audio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (1.9)% - 11.1% Operating income margins 5.4% - 29.8% Discount rate 9.5% Interest rates in the U.S. economy continued to increase during the third quarter of 2022; however there were no changes to the discount rate or any other items used in the discounted cash flow analyses to estimate the fair value of goodwill. Therefore, the Company did not record any impairment losses related to goodwill during the third quarter of 2022.​​​​​​​

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	(5) Long-Term Debt Long-term debt is comprised of the following: December 31, September 30, 2021 2022 Secured notes $ 300,000,000 $ 290,000,000 Less unamortized debt issuance costs (6,210,108 ) (4,895,019 ) $ 293,789,892 $ 285,104,981 On February 2, 2021, the Company issued $300.0 million aggregate principal amount of 8.625% senior secured notes due on February 1, 2026 (the “Notes”) under an indenture dated February 2, 2021 (the “Indenture”). Interest on the Notes accrues at the rate of 8.625% per annum and is payable semiannually in arrears on February 1 and August 1 of each year. The Notes are secured on a first-lien priority basis by substantially all assets of the Company and its majority owned subsidiaries and are guaranteed jointly and severally by the Company and its majority owned subsidiaries. The Indenture contains restrictive covenants that limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, guarantee indebtedness or issue disqualified stock or, in the case of such subsidiaries, preferred stock; pay dividends on, repurchase or make distributions in respect of our capital stock or make other restricted payments; make certain investments or acquisitions; sell, transfer or otherwise convey certain assets; create liens; enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany transfers; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; enter into transactions with affiliates; prepay certain kinds of indebtedness; and issue or sell stock of its subsidiaries. Prior to February 1, 2025, the Company will be subject to certain premiums, as defined in the Indenture, for optional or mandatory (upon certain contingent events) redemption of some or all of the Notes. In the third quarter of 2022, the Company repurchased $ million aggregate principal amount of the Notes for an aggregate price equal to % of the principal amount and recorded an aggregate gain of $ million as a result of the repurchases . I second , t million aggregate principal amount of the Notes for an aggregate price equal to % of the principal amount and recorded an aggregate gain of $ million as a result of the repurchases .

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Stockholders' Equity	(6) Stockholders’ Equity The changes in stockholders’ equity for the three and nine months ended September 30, 2021 and 2022 are as follows: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Beginning balance $ 253,307,219 $ 245,537,024 $ 267,101,820 $ 263,082,298 Stock-based compensation 251,338 270,094 1,174,338 876,174 Adjustment from related party acquisition — (6,573 ) — (6,573 ) Acquisition of noncontrolling interest — — (4,490,130 ) — Purchase of treasury stock (4,800 ) (2,384 ) (812,173 ) (108,091 ) Net income (loss) (1,620,323 ) 498,068 (12,117,270 ) (17,547,579 ) Other comprehensive loss — (12,442 ) — (12,442 ) Elimination of noncontrolling interest — — 1,076,849 — Ending balance $ 251,933,434 $ 246,283,787 $ 251,933,434 $ 246,283,787

Net Revenue

Net Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Net Revenue	(7) Net Revenue Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Audio $ 54,043,650 $ 52,995,670 $ 146,988,486 $ 153,778,711 Digital 8,318,112 10,241,671 22,065,183 28,769,331 Other 541,173 585,947 1,636,011 1,805,964 $ 62,902,935 $ 63,823,288 $ 170,689,680 $ 184,354,006 The Company recognizes revenue when it satisfies a performance obligation under a contract with an advertiser. The transaction price is allocated to performance obligations based on executed contracts which represent relative standalone selling prices. Payment is generally due within 30 days, although certain advertisers are required to pay in advance. Revenues are reported at the amount the Company expects to be entitled to receive under the contract. The Company has elected to use the practical expedient to expense sales commissions as incurred. Payments received from advertisers before the performance obligation is satisfied are recorded as deferred revenue in the balance sheet. Substantially all deferred revenue is recognized within 12 December 31, September 30, 2021 2022 Deferred revenue $ 3,085,370 $ 5,693,239 Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Losses on receivables $ 99,836 $ 274,559 $ 1,797,402 $ 935,445 Audio revenue includes revenue from the sale or trade of aired commercial spots to advertisers directly or through national, regional or local advertising agencies. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired before the goods or services are received, then a trade sales receivable is recorded. If goods or services are received before the commercial spots are aired, then a trade sales payable is recorded. Other revenue includes revenue from concerts, promotional events, talent fees and other miscellaneous items. Such revenue is generally recognized when the concert, promotional event, or talent services are completed. December 31, September 30, 2021 2022 Trade sales receivable $ 881,885 $ 1,293,442 Trade sales payable 614,467 805,037 Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Trade sales revenue $ 1,781,124 $ 1,481,948 $ 3,786,046 $ 4,358,626 Digital revenue includes revenue from the sale of streamed commercial spots, station-owned assets and third-party products. Each streamed commercial spot, station-owned asset and third-party product is considered a performance obligation. Revenue is recognized when the commercial spots have streamed. Station-owned assets are generally scheduled over a period of time and revenue is recognized over time as the digital items are used for advertising content except for streamed commercial spots. Third-party products are generally scheduled over a period of time with an impression target each month. Revenue from the sale of third-party products is recognized over time as the digital items are used for advertising content and impression targets are met each month.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(8) Stock-Based Compensation The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 7.5 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive restricted stock units, shares of restricted stock, stock options or other stock-based awards. The restricted stock units that have been granted under the 2007 Plan generally vest over one to five years of service. A summary of restricted stock unit activity is presented below: Units Weighted- Average Grant-Date Fair Value Unvested as of July 1, 2022 1,209,065 $ 2.07 Granted — — Vested (8,333 ) 1.22 Forfeited (10,000 ) 3.03 Unvested as of September 30, 2022 1,190,732 $ 2.06 As of September 30, 2022, there was $1.6 million of total unrecognized compensation cost for restricted stock units granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 1.8 years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes The Company’s effective tax rate was (24)% and (171)% for the three months ended September 30, 2021 and 2022, respectively, and (27)% and (18)% for the nine months ended September 30, 2021 and 2022, respectively. These rates differ from the federal statutory rate of 21% due to the effect of state income taxes, certain non-taxable

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings per share	(10) Earnings Per Share Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Net income (loss) attributable to BBGI stockholders $ (1,620,323 ) $ 498,068 $ (11,988,021 ) $ (17,547,579 ) Weighted-average shares outstanding: Basic 29,254,609 29,546,324 29,263,963 29,445,998 Effect of dilutive restricted stock units and restricted stock — 169,037 — — Diluted 29,254,609 29,715,361 29,263,963 29,445,998 Net income (loss) attributable to BBGI stockholders per Class A and Class B common share – basic and diluted $ (0.06 ) $ 0.02 $ (0.41 ) $ (0.60 ) The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. As a result, the Company excluded 130,195 shares for the three months ended September 30, 2021 and 130,589 shares and 219,222 shares for the nine months ended September 30, 2021 and 2022, respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	(11) Related Party Transaction Loan to Interactive Life, Inc. In May 2022, the Company provided a $250,000 loan to Interactive Life, Inc. that accrues interest at 8.625% per annum with no cash payments due until the loan’s maturity in May 2024. Interactive Life, Inc. is controlled by Mr. Joseph Harb. The Company currently holds an investment in Quu, Inc., a company that is controlled by Mr. Harb. Repayment of the loan to Interactive Life, Inc. is guaranteed by Mr. Harb with 3,333,334 shares of Class A common stock of Quu, Inc.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
Financial Instruments	(12) Financial Instruments The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these financial instruments. The estimated fair value of the Notes, based on available market information, was $295.9 million and $223.3 million as of December 31, 2021 and September 30, 2022, respectively. The Company used Level 2 measurements under the fair value measurement hierarchy to determine the estimated fair value of the Notes.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	(13) Segment Information The Company currently operates three operating segments (Audio, Digital, esports) and two reportable segments (Audio, Digital). The identification of segments is consistent with how the segments report to and are managed by the Company’s Chief Executive Officer (the Company’s Chief Operating Decision Maker). The Audio segment generates revenue primarily from the sale of commercial advertising to customers of the Company’s stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Digital segment generates revenue primarily from the sale of digital advertising to customers of the Company’s stations and other advertisers throughout the United States. Corporate includes general and administrative expenses and certain other income and expense items not allocated to the operating segments. Non-operating Reportable segment information for the three months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 52,995,670 $ 10,241,671 $ 585,947 $ — $ 63,823,288 Operating expenses 42,456,844 8,237,262 817,593 — 51,511,699 Corporate expenses — — — 5,132,362 5,132,362 Depreciation and amortization 1,520,168 47,882 699,969 188,627 2,456,646 Operating income (loss) $ 9,018,658 $ 1,956,527 $ (931,615 ) $ (5,320,989 ) $ 4,722,581 Audio Digital Other Corporate Total Capital expenditures $ 4,517,127 $ 25,959 $ — $ 191,949 $ 4,735,035 Reportable segment information for the three months ended September 30, 2021 is as follows: Audio Digital Other Corporate Total Net revenue $ 54,043,650 $ 8,318,112 $ 541,173 $ — $ 62,902,935 Operating expenses 42,287,054 8,047,207 851,803 — 51,186,064 Corporate expenses — — — 3,980,815 3,980,815 Depreciation and amortization 1,896,729 4,371 796,018 146,232 2,843,350 Operating income (loss) $ 9,859,867 $ 266,534 $ (1,106,648 ) $ (4,127,047 ) $ 4,892,706 Audio Digital Other Corporate Total Capital expenditures $ 1,108,934 $ — $ — $ 42,029 $ 1,150,963 Reportable segment information for the nine months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 153,778,711 $ 28,769,331 $ 1,805,964 $ — $ 184,354,006 Operating expenses 126,507,373 25,810,560 2,829,907 — 155,147,840 Corporate expenses — — — 13,933,292 13,933,292 Depreciation and amortization 4,706,333 56,959 2,096,270 564,086 7,423,648 Impairment losses 10,476,323 — — — 10,476,323 Operating income (loss) $ 12,088,682 $ 2,901,812 $ (3,120,213 ) $ (14,497,378 ) $ (2,627,097 ) Audio Digital Other Corporate Total Capital expenditures $ 10,738,350 $ 36,785 $ 59,084 $ 398,693 $ 11,232,912 Reportable segment information for the nine months ended September 30, 2021 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,988,486 $ 22,065,183 $ 1,636,011 $ — $ 170,689,680 Operating expenses 116,737,528 23,215,540 2,695,287 — 142,648,355 Corporate expenses — — — 11,843,958 11,843,958 Depreciation and amortization 5,812,342 8,513 2,403,940 421,379 8,646,174 Gain on disposition (191,988 ) — — — (191,988 ) Other operating (income) expense, net 500,000 — — (900,000 ) (400,000 ) Operating income (loss) $ 24,130,604 $ (1,158,870 ) $ (3,463,216 ) $ (11,365,337 ) $ 8,143,181

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Schedule of Purchase Price Allocation	The f inal purchase price allocation was completed during the third quarter of 2022 and changed from the preliminary purchase price allocation reported in the second quarter of 2022. The final purchase price allocation is summarized as follows: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000

FCC Licenses (Tables)

FCC Licenses (Tables)	9 Months Ended
	Sep. 30, 2022
Text Block [Abstract]
Carrying Amount of Broadcasting Licenses	Changes in the carrying amount of FCC licenses for the nine months ended September 30, 2022 are as follows: Balance as of January 1, 2022 $ 508,413,913 Station disposition (see Note 2) (790,232 ) Impairment losses (see below and also Note 2) (4,619,772 ) Balance as of September 30, 2022 $ 503,003,909
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (1.9)% - 15.9% Market revenue shares at maturity 0.6% - 44.0% Operating income margins at maturity 19.2% - 32.6% Discount rate 9.5%

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are as follows: Balance as of January 1, 2022 $ 28,596,547 Acquisition (see Note 2) 922,000 Impairment losses (5,856,551 ) Balance as of September 30, 2022 $ 23,661,996
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates (1.9)% - 11.1% Operating income margins 5.4% - 29.8% Discount rate 9.5%

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, September 30, 2021 2022 Secured notes $ 300,000,000 $ 290,000,000 Less unamortized debt issuance costs (6,210,108 ) (4,895,019 ) $ 293,789,892 $ 285,104,981

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity for the three and nine months ended September 30, 2021 and 2022 are as follows: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Beginning balance $ 253,307,219 $ 245,537,024 $ 267,101,820 $ 263,082,298 Stock-based compensation 251,338 270,094 1,174,338 876,174 Adjustment from related party acquisition — (6,573 ) — (6,573 ) Acquisition of noncontrolling interest — — (4,490,130 ) — Purchase of treasury stock (4,800 ) (2,384 ) (812,173 ) (108,091 ) Net income (loss) (1,620,323 ) 498,068 (12,117,270 ) (17,547,579 ) Other comprehensive loss — (12,442 ) — (12,442 ) Elimination of noncontrolling interest — — 1,076,849 — Ending balance $ 251,933,434 $ 246,283,787 $ 251,933,434 $ 246,283,787

Net Revenue (Tables)

Net Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Audio $ 54,043,650 $ 52,995,670 $ 146,988,486 $ 153,778,711 Digital 8,318,112 10,241,671 22,065,183 28,769,331 Other 541,173 585,947 1,636,011 1,805,964 $ 62,902,935 $ 63,823,288 $ 170,689,680 $ 184,354,006
Deferred Revenue	December 31, September 30, 2021 2022 Deferred revenue $ 3,085,370 $ 5,693,239 Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Losses on receivables $ 99,836 $ 274,559 $ 1,797,402 $ 935,445
Trade Sale Revenue	December 31, September 30, 2021 2022 Trade sales receivable $ 881,885 $ 1,293,442 Trade sales payable 614,467 805,037 Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Trade sales revenue $ 1,781,124 $ 1,481,948 $ 3,786,046 $ 4,358,626

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Units and Restricted Stock Activity	A summary of restricted stock unit activity is presented below: Units Weighted- Average Grant-Date Fair Value Unvested as of July 1, 2022 1,209,065 $ 2.07 Granted — — Vested (8,333 ) 1.22 Forfeited (10,000 ) 3.03 Unvested as of September 30, 2022 1,190,732 $ 2.06

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2021 2022 2021 2022 Net income (loss) attributable to BBGI stockholders $ (1,620,323 ) $ 498,068 $ (11,988,021 ) $ (17,547,579 ) Weighted-average shares outstanding: Basic 29,254,609 29,546,324 29,263,963 29,445,998 Effect of dilutive restricted stock units and restricted stock — 169,037 — — Diluted 29,254,609 29,715,361 29,263,963 29,445,998 Net income (loss) attributable to BBGI stockholders per Class A and Class B common share – basic and diluted $ (0.06 ) $ 0.02 $ (0.41 ) $ (0.60 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Summary of reportable segment information	Reportable segment information for the three months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 52,995,670 $ 10,241,671 $ 585,947 $ — $ 63,823,288 Operating expenses 42,456,844 8,237,262 817,593 — 51,511,699 Corporate expenses — — — 5,132,362 5,132,362 Depreciation and amortization 1,520,168 47,882 699,969 188,627 2,456,646 Operating income (loss) $ 9,018,658 $ 1,956,527 $ (931,615 ) $ (5,320,989 ) $ 4,722,581 Audio Digital Other Corporate Total Capital expenditures $ 4,517,127 $ 25,959 $ — $ 191,949 $ 4,735,035 Reportable segment information for the three months ended September 30, 2021 is as follows: Audio Digital Other Corporate Total Net revenue $ 54,043,650 $ 8,318,112 $ 541,173 $ — $ 62,902,935 Operating expenses 42,287,054 8,047,207 851,803 — 51,186,064 Corporate expenses — — — 3,980,815 3,980,815 Depreciation and amortization 1,896,729 4,371 796,018 146,232 2,843,350 Operating income (loss) $ 9,859,867 $ 266,534 $ (1,106,648 ) $ (4,127,047 ) $ 4,892,706 Audio Digital Other Corporate Total Capital expenditures $ 1,108,934 $ — $ — $ 42,029 $ 1,150,963 Reportable segment information for the nine months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 153,778,711 $ 28,769,331 $ 1,805,964 $ — $ 184,354,006 Operating expenses 126,507,373 25,810,560 2,829,907 — 155,147,840 Corporate expenses — — — 13,933,292 13,933,292 Depreciation and amortization 4,706,333 56,959 2,096,270 564,086 7,423,648 Impairment losses 10,476,323 — — — 10,476,323 Operating income (loss) $ 12,088,682 $ 2,901,812 $ (3,120,213 ) $ (14,497,378 ) $ (2,627,097 ) Audio Digital Other Corporate Total Capital expenditures $ 10,738,350 $ 36,785 $ 59,084 $ 398,693 $ 11,232,912 Reportable segment information for the nine months ended September 30, 2021 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,988,486 $ 22,065,183 $ 1,636,011 $ — $ 170,689,680 Operating expenses 116,737,528 23,215,540 2,695,287 — 142,648,355 Corporate expenses — — — 11,843,958 11,843,958 Depreciation and amortization 5,812,342 8,513 2,403,940 421,379 8,646,174 Gain on disposition (191,988 ) — — — (191,988 ) Other operating (income) expense, net 500,000 — — (900,000 ) (400,000 ) Operating income (loss) $ 24,130,604 $ (1,158,870 ) $ (3,463,216 ) $ (11,365,337 ) $ 8,143,181 Audio Digital Other Corporate Total Capital expenditures $ 3,098,655 $ 87,432 $ 2,852 $ 515,811 $ 3,704,750 Reportable segment information as of September 30, 2022 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 51,657,853 $ 97,142 $ 71,488 $ 3,885,574 $ 55,712,057 FCC licenses 503,003,909 — — — 503,003,909 Goodwill 19,520,896 922,000 3,219,100 — 23,661,996 Other intangibles, net 1,874,274 1,032,231 18,657,255 179,663 21,743,423 Reportable segment information as of December 31, 2021 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 45,696,008 $ 74,547 $ 21,644 $ 4,050,967 $ 49,843,166 FCC licenses 508,413,913 — — — 508,413,913 Goodwill 25,377,447 — 3,219,100 — 28,596,547 Other intangibles, net 1,974,093 — 20,543,451 179,663 22,697,207

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 22, 2022	Apr. 30, 2022	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Payment to acquire business gross					$ 2,000,000	$ 0
Proceeds from dispositions					1,185,312	$ 362,500
Loss on disposition			$ 0	$ 1.9	$ 4,619,772
West Palm Beach Boca Raton [Member] | WWNNAM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions		$ 1.25
Guarantee Digital LLC [Member]
Business Acquisition [Line Items]
Payment to acquire business gross	$ 2,000,000
BBGI Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Business acquisition, goodwill, expected tax deductible amount	$ 900,000

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Detail) - USD ($)	Sep. 30, 2022	Jun. 22, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 23,661,996		$ 28,596,547
BBGI Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Property and equipment		$ 3,000
Goodwill		922,000
Other intangibles		1,075,000
Total purchase price allocation		$ 2,000,000

FCC Licenses - Carrying Amount

FCC Licenses - Carrying Amount of Broadcasting Licenses (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2022
FCC Licenses [Line Items]
Beginning Balance		$ 508,413,913	$ 508,413,913
Station disposition (see Note 2)	$ (790,232)		(790,232)
Impairment losses	0	$ (1.9)	(4,619,772)
Ending Balance	$ 503,003,909		$ 503,003,909

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail)	9 Months Ended
	Sep. 30, 2022
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.60%
Operating income margins at maturity	19.20%
Minimum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	(1.90%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	44%
Operating income margins at maturity	32.60%
Maximum [Member] | Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	15.90%

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2022
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill	$ 0	$ 1.9	$ 4,619,772
Fort Mayers Naples FL Lasvegas LV and Wilmington [Member] | Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment of intangible assets indefinite lived excluding goodwill			$ 2,800,000

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment losses	$ 0	$ 5,856,551

Goodwill - Summary of Carrying

Goodwill - Summary of Carrying Amount of Goodwill (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance		$ 28,596,547
Acquisition (see Note 2)		922,000
Impairment losses	$ 0	(5,856,551)
Ending Balance	$ 23,661,996	$ 23,661,996

Goodwill - Summary of Key Assum

Goodwill - Summary of Key Assumptions Used in the Discounted Cash Flow Analyses (Detail)	9 Months Ended
	Sep. 30, 2022
Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	19.20%
Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	32.60%
Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	(1.90%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	15.90%
Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	9.50%
Goodwill [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	5.40%
Goodwill [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Operating income margins	29.80%
Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Minimum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	(1.90%)
Goodwill [Member] | Measurement Input, Long-term Revenue Growth Rate [Member] | Maximum [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	11.10%
Goodwill [Member] | Measurement Input, Discount Rate [Member]
Disclosure in tabular form of assumptions used in determination of fair value of goodwill [Line Items]
Revenue growth rates	9.50%

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (4,895,019)	$ (6,210,108)
Long-term debt	285,104,981	293,789,892
Secured Notes [Member]
Line of Credit Facility [Line Items]
Secured notes	$ 290,000,000	$ 300,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Feb. 02, 2021
Long-Term Debt [Line Items]
Gain (Loss) on Extinguishment of Debt			$ 0	$ (4,996,731)
Promissory Note [Member]
Long-Term Debt [Line Items]
Debt Instrument Redemption Amount	$ 5,000,000	$ 5,000,000
Debt instrument redeemed Percentage	77%	96%
New Promissory Note [Member]
Long-Term Debt [Line Items]
Gain (Loss) on Extinguishment of Debt	$ 1,000,000	$ 100,000
8.625% senior secured notes due on February 1, 2026
Long-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					8.625%
Debt instrument face value					$ 300,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Beginning balance	$ 245,537,024	$ 253,307,219	$ 263,082,298	$ 267,101,820
Stock-based compensation	270,094	251,338	876,174	1,174,338
Adjustment from related party acquisition	(6,573)	0	(6,573)	0
Acquisition of noncontrolling interest	0	0	0	(4,490,130)
Purchase of treasury stock	(2,384)	(4,800)	(108,091)	(812,173)
Net income (loss)	498,068	(1,620,323)	(17,547,579)	(12,117,270)
Elimination of noncontrolling interest	0	0	0	1,076,849
Other comprehensive loss	(12,442)	0	(12,442)	0
Ending balance	$ 246,283,787	$ 251,933,434	$ 246,283,787	$ 251,933,434

Net Revenue - Composition of Re

Net Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net revenue	$ 63,823,288	$ 62,902,935	$ 184,354,006	$ 170,689,680
Audio [Member]
Disaggregation of Revenue [Line Items]
Net revenue	52,995,670	54,043,650	153,778,711	146,988,486
Digital [Member]
Disaggregation of Revenue [Line Items]
Net revenue	10,241,671	8,318,112	28,769,331	22,065,183
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 585,947	$ 541,173	$ 1,805,964	$ 1,636,011

Net Revenue - Deferred Revenue

Net Revenue - Deferred Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 5,693,239		$ 5,693,239		$ 3,085,370
Losses on receivables	$ 274,559	$ 99,836	$ 935,445	$ 1,797,402

Net Revenue - Trade Sale Revenu

Net Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 1,293,442		$ 1,293,442		$ 881,885
Trade sales payable	805,037		805,037		$ 614,467
Trade sales revenue	$ 1,481,948	$ 1,781,124	$ 4,358,626	$ 3,786,046

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted | $	$ 1.6
Cost expected to be recognized over a weighted-average period	1 year 9 months 18 days
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	7.5

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units and Restricted Stock Activity (Detail) - 2007 Plan [Member] - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Sep. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance | shares	1,209,065
Granted, Shares | shares	0
Vested, Shares | shares	(8,333)
Forfeited, Shares | shares	(10,000)
Unvested Shares, Ending Balance | shares	1,190,732
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 2.07
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	1.22
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	3.03
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 2.06

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Federal statutory rate			21%
Effective tax rate	(171.00%)	(24.00%)	(18.00%)	(27.00%)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Net Income Per Share (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income (loss) attributable to BBGI stockholders	$ 498,068	$ (1,620,323)	$ (17,547,579)	$ (11,988,021)
Weighted-average shares outstanding:
Basic	29,546,324	29,254,609	29,445,998	29,263,963
Effect of dilutive restricted stock units and restricted stock	169,037	0	0	0
Diluted	29,715,361	29,254,609	29,445,998	29,263,963
Net income (loss) per Class A and Class B common share – basic	$ 0.02	$ (0.06)	$ (0.6)	$ (0.41)
Net income (loss) per Class A and Class B common share – diluted	$ 0.02	$ (0.06)	$ (0.6)	$ (0.41)

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	130,195	219,222	130,589

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - Loan to Interactive Life, Inc. [Member] - Mr.Joseph Harb [Member]	1 Months Ended
	May 31, 2022 USD ($) shares
Related Party Transaction [Line Items]
Payments to fund long-term loans to related parties | $	$ 250,000
Loan to related party interest rate	8.625%
Loan to related party maturity	May 2024
Related party transaction common stock of Quu, Inc guaranteed by related party | shares	3,333,334

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 223.3	$ 295.9

Segment Information - Summary o

Segment Information - Summary of Reportable Segment Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net revenue	$ 63,823,288	$ 62,902,935	$ 184,354,006	$ 170,689,680
Operating expenses	51,511,699	51,186,064	155,147,840	142,648,355
Corporate expenses	5,132,362	3,980,815	13,933,292	11,843,958
Depreciation and amortization	2,456,646	2,843,350	7,423,648	8,646,174
Gain on disposition			0	(191,988)
Other operating (income) expense, net			0	(400,000)
Operating income	4,722,581	4,892,706	(2,627,097)	8,143,181
Capital expenditures	4,735,035	1,150,963	11,232,912	3,704,750
Property and equipment, net	55,712,057		55,712,057		$ 49,843,166
FCC licenses	503,003,909		503,003,909		508,413,913
Goodwill	23,661,996		23,661,996		28,596,547
Other intangibles, net	21,743,423		21,743,423		22,697,207
Impairment losses			10,476,323	0
Audio [Member]
Segment Reporting Information [Line Items]
Net revenue	52,995,670	54,043,650	153,778,711	146,988,486
Operating expenses	42,456,844	42,287,054	126,507,373	116,737,528
Depreciation and amortization	1,520,168	1,896,729	4,706,333	5,812,342
Gain on disposition				(191,988)
Other operating (income) expense, net				500,000
Operating income	9,018,658	9,859,867	12,088,682	24,130,604
Capital expenditures	4,517,127	1,108,934	10,738,350	3,098,655
Property and equipment, net	51,657,853		51,657,853		45,696,008
FCC licenses	503,003,909		503,003,909		508,413,913
Goodwill	19,520,896		19,520,896		25,377,447
Other intangibles, net	1,874,274		1,874,274		1,974,093
Impairment losses			10,476,323
Digital [Member]
Segment Reporting Information [Line Items]
Net revenue	10,241,671	8,318,112	28,769,331	22,065,183
Operating expenses	8,237,262	8,047,207	25,810,560	23,215,540
Depreciation and amortization	47,882	4,371	56,959	8,513
Operating income	1,956,527	266,534	2,901,812	(1,158,870)
Capital expenditures	25,959	0	36,785	87,432
Property and equipment, net	97,142		97,142		74,547
Goodwill	922,000		922,000
Other intangibles, net	1,032,231		1,032,231
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	585,947	541,173	1,805,964	1,636,011
Operating expenses	817,593	851,803	2,829,907	2,695,287
Depreciation and amortization	699,969	796,018	2,096,270	2,403,940
Operating income	(931,615)	(1,106,648)	(3,120,213)	(3,463,216)
Capital expenditures	0		59,084	2,852
Property and equipment, net	71,488		71,488		21,644
Goodwill	3,219,100		3,219,100		3,219,100
Other intangibles, net	18,657,255		18,657,255		20,543,451
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	5,132,362	3,980,815	13,933,292	11,843,958
Depreciation and amortization	188,627	146,232	564,086	421,379
Other operating (income) expense, net				(900,000)
Operating income	(5,320,989)	(4,127,047)	(14,497,378)	(11,365,337)
Capital expenditures	191,949	$ 42,029	398,693	$ 515,811
Property and equipment, net	3,885,574		3,885,574		4,050,967
Other intangibles, net	$ 179,663		$ 179,663		$ 179,663