Boston Omaha (BOC) 10-K 24 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 24, 2017	Jun. 30, 2016
Entity Registrant Name	BOSTON OMAHA Corp
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Entity Central Index Key	1,494,582
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Public Float			$ 22,549,277
Trading Symbol	bost
Common Class A
Entity Common Stock, Shares Outstanding		1,055,560
Common Stock
Entity Common Stock, Shares Outstanding		5,841,815

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash		$ 29,564,975	$ 13,189,066
Restricted cash		279,093	0
Accounts receivable, net		783,066	276,750
Investments, short-term		1,155,372
Prepaid expenses		542,110	70,484
Total Current Assets		32,324,616	13,536,300
Property and Equipment, net		5,577,680	4,243,739
Other Assets:
Goodwill		17,214,883	4,378,664
Intangible assets, net		3,545,328	969,265
Investments		1,286,094
Investments in unconsolidated affiliates		871,918	657,528
Funds held as collateral assets		1,638,612
Deposit on business acquisition		2,950,000
Other		243,099
Total Other Assets		27,749,934	6,005,457
Total Assets		65,652,230	23,785,496
Current Liabilities:
Accounts payable and accrued expenses		465,898	152,672
Accounts payable, stockholder			2,721
Notes payable, stockholders		0	100,000
Accrued interest, stockholders			4,384
Funds held as collateral		1,638,612
Unearned premiums and deferred revenue		1,102,734	30,204
Total Current Liabilities		3,207,244	289,981
Long-term Liabilities:
Long-term payable for acquisition		126,500
Deferred tax liability		129,000
Total Liabilities		3,462,744	289,981
Stockholders' Equity:
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $.001 par value		6,897	2,773
Additional paid-in capital		66,925,766	25,062,544
Accumulated deficit		(4,743,177)	(1,569,802)
Total Stockholders' Equity		62,189,486	23,495,515
Total Liabilities and Stockholders' Equity		65,652,230	23,785,496
Common Stock
Stockholders' Equity:
Common stock, $.001 par value	[1]	5,841	1,717
Common Class A
Stockholders' Equity:
Common stock, $.001 par value	[2]	$ 1,056	$ 1,056
[1]	Common stock, $.001 par value, 11,000,000 shares authorized, 5,841,815 and 1,716,954 shares issued and outstanding, respectively
[2]	Class A common stock, $.001 par value, 1,161,116 shares authorized, 1,055,560 shares issued and outstanding

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	11,000,000
Common Stock
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	11,000,000	11,000,000
Common Stock, Shares Issued	5,841,815	1,716,954
Common Stock, Shares Outstanding	5,841,815	1,716,954
Common Class A
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	1,161,116	1,161,116
Common Stock, Shares Issued	1,055,560	1,055,560
Common Stock, Shares Outstanding	1,055,560	1,055,560

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Billboard rentals	$ 3,163,534	$ 713,212
Insurance commissions	507,477
Premiums earned	155,783
Investment and other income	16,723	9,700
Total Revenues	3,843,517	722,912
Costs and Expenses:
Cost of billboard revenues (exclusive of depreciation and amortization)	1,140,663	229,507
Cost of insurance revenues	125,210
Employee costs	1,759,958	241,803
Professional fees	1,242,613	737,451
Depreciation	738,104	307,367
Amortization	899,037	150,436
General and administrative	788,462	153,715
Bad debt expense	28,682	9,511
Loss on assets retired	259,104
Total Costs and Expenses	6,981,833	1,829,790
Net Loss from Operations	(3,138,316)	(1,106,878)
Other Income (Expense):
Gain on sale of investment in unconsolidated affiliate		78,150
Equity in (loss) income of unconsolidated affiliates	(27,261)	3,813
Interest expense	(7,798)	(22,508)
Net Loss before Income Tax	(3,173,375)	(1,047,423)
Income Tax (Provision) Benefit
Net Loss	$ (3,173,375)	$ (1,047,423)
Basic and Diluted Net Loss per Share	$ (0.53)	$ (0.71)
Basic and Diluted Weighted Average Shares Outstanding	6,043,571	1,481,310

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Common Stock	Class A Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Stockholders' Equity, beginning of period, Value at Dec. 31, 2014	$ 267		$ 54,733	$ (522,379)	$ (467,379)
Stockholders' Equity, beginning of period, Shares at Dec. 31, 2014	266,954
Capital contributions			5,163		5,163
Stock and warrants issued to related parties for cash, Value	$ 1,450	$ 1,000	24,497,550		24,500,000
Stock and warrants issued to related parties for cash, Shares	1,450,000	1,000,000
Related party note conversions, Value		$ 56	505,098		505,154
Related party note conversions, Shares		55,560
Net Loss				(1,047,423)	(1,047,423)
Stockholders' Equity, end of period, Value at Dec. 31, 2015	$ 1,717	$ 1,056	25,062,544	(1,569,802)	23,495,515
Stockholders' Equity, end of period, Shares at Dec. 31, 2015	1,716,954	1,055,560
Stock and warrants issued to related parties for cash, Value					$ 41,761,318
Stock and warrants issued to related parties for cash, Shares					4,114,415
Related party note conversions, Value	$ 10		106,018		$ 106,028
Related party note conversions, Shares	10,446
Net Loss				(3,173,375)	(3,173,375)
Stock issued for cash, Value	$ 1,113		11,297,476		11,298,589
Stock issued for cash, Shares	1,113,161
Stock issued to related parties for cash, Value	$ 3,001		30,459,728		30,462,729
Stock issued to related parties for cash, Shares	3,001,254
Stockholders' Equity, end of period, Value at Dec. 31, 2016	$ 5,841	$ 1,056	$ 66,925,766	$ (4,743,177)	$ 62,189,486
Stockholders' Equity, end of period, Shares at Dec. 31, 2016	5,841,815	1,055,560

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net Loss	$ (3,173,375)	$ (1,047,423)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	1,637,141	457,803
Bad debt expense	28,682	9,511
Loss on assets retired	259,104
Equity in loss (income) of unconsolidated affiliates	27,261	(3,813)
Gain on sale of investment in unconsolidated affiliate		(78,150)
Changes in operating assets and liabilities:
Accounts receivable	8,942	(286,262)
Prepaid expenses	(285,544)	(70,484)
Deferred policy acquisition costs	38,321
Accounts payable and accrued expenses	92,655	155,020
Accrued interest	1,644	20,238
Unearned premiums and deferred revenue	(117,142)	30,204
Net Cash Used in Operating Activities	(1,482,311)	(813,356)
Cash Flows from Investing Activities:
Deposits to restricted cash	(279,093)
Purchase of equipment	(710,974)	(124,905)
Business acquisitions, net of cash acquired	(19,770,325)	(9,924,565)
Acquisition of investment in unconsolidated affiliates	(258,166)	(670,232)
Distributions from unconsolidated affiliates	16,515
Proceeds from sale of investments	301,121
Purchase of investments	(252,176)
Deposit on business acquisition	(2,950,000)
Net Cash Used in Investing Activities	(23,903,098)	(10,719,702)
Cash Flows from Financing Activities:
Proceeds from notes payable to stockholders		219,000
Payments on notes payable to stockholders		(3,500)
Proceeds from issuance of stock	11,298,589
Proceeds from issuance of stock to related parties	30,462,729	24,500,000
Contribution of capital		5,163
Net Cash Provided by Financing Activities	41,761,318	24,720,663
Net Increase in Cash	16,375,909	13,187,605
Cash, Beginning of Period	13,189,066	1,461
Cash, End of Period	29,564,975	13,189,066
Interest Paid in Cash	6,154	2,270
Income Taxes Paid in Cash
Restructure of notes payable, stockholders		398,224
Restructure of note payable, former stockholder		135,494
Payable due on acquisition	126,500
Notes payable and accrued interest converted to common stock	$ 106,028	505,154
Distribution from unconsolidated affiliate applied to note payable, former stockholder		32,000
Note payable and accrued interest exchanged for investment in unconsolidated affiliate		109,930
Decrease in investment in unconsolidated affiliate		$ 31,780

Note 1. Organization and Backgr

Note 1. Organization and Background	12 Months Ended
	Dec. 31, 2016
Notes
Note 1. Organization and Background	NOTE 1. ORGANIZATION AND BACKGROUND Boston Omaha Corporation was organized on August 11, 2009 with present management taking over operations in February 2015. The Company's operations include (i) its outdoor advertising business with multiple billboards across Alabama, Florida, Georgia, and Wisconsin, (ii) its insurance business that specializes in surety bonds, and (iii) equity method investments in several real estate and real estate service companies. The Company's billboard operations are conducted through its subsidiary, Link Media Holdings, LLC and its insurance operations are conducted through its subsidiary, General Indemnity Group, LLC. The Company's real estate investments are held in Boston Omaha Corporation. The Company completed an acquisition of an outdoor advertising business and entered the outdoor advertising industry on June 19, 2015. On July 23, 2015, August 31, 2015, February 16, 2016 and June 15, 2016, the Company completed five additional acquisitions. On April 20, 2016, the Company completed an acquisition of a surety bond brokerage business. On December 7, 2016, the Company completed an acquisition of a fidelity and surety bond business, thus expanding its operations in insurance. On December 31, 2015, the Company transferred its interest in Ananda Investments, LLC ("Ananda") to the former controlling stockholder in full satisfaction of its note payable. On January 22, 2016, in connection with the transfer of its interest in Ananda, the Company was released from its guaranty of Ananda's mortgage payable. In connection with the sale of its interest in Ananda, the Company's subsidiary Ananda Holdings, LLC ceased operations. During March 2016, the ownership of Ananda Holdings, LLC was transferred to the former controlling stockholder.

Note 2. Summary of Significant

Note 2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes
Note 2. Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation Policy The financial statements of Boston Omaha Corporation include the accounts of the Company and its wholly-owned subsidiaries, as follows: Ananda Holdings, LLC ("AHLLC") Link Media Holdings, LLC ("LMH") Link Media Alabama, LLC ("LMA") Link Media Florida, LLC ("LMF") Link Media Wisconsin, LLC ("LMW") Link Media Georgia, LLC ("LMG") General Indemnity Group, LLC ("GIG") General Indemnity Direct Insurance Services, LLC ("GIDIS") General Indemnity Insurance Company PCC, LLC ("GIIC") The Warnock Agency, Inc. ("TWA") United Casualty and Surety Insurance Company ("UC&S") AHLLC is a Texas limited liability company and was formed on February 6, 2015 for the purpose of holding the Company's 40% interest in Ananda Investments LLC ("Ananda".) LMH is a Delaware limited liability company and was formed on June 9, 2015 for the purpose of holding the investments in LMA, LMF, LMW and LMG and future entities which will be in the outdoor advertising business. LMA is an Alabama limited liability company and was formed on June 10, 2015 to acquire outdoor advertising assets. LMF is a Florida limited liability company and was formed on July 9, 2015 to acquire outdoor advertising assets. LMW is a Wisconsin limited liability company and was formed on January 22, 2016 to acquire outdoor advertising assets. LMG is a Georgia limited liability company and was formed on November 14, 2016 to acquire advertising assets. GIG was formed on September 11, 2015 and began operations during October 2015 for the purpose of holding the Company's insurance operations. The Company acquired TWA on April 20, 2016 and UC&S on December 7, 2016 for the purpose of expanding its insurance operations. All significant intercompany profits, losses, transactions and balances have been eliminated in consolidation. Reclassifications Certain accounts in the prior year financial statements have been reclassified for comparative purposes to conform with the presentation in the current year financial statements. Concentrations The Company's billboard operations are located in the southeastern and north central regions of the United States, primarily in Alabama, Georgia, and Wisconsin. Three vendors provided 65% and one vendor provided 45% of the Company's professional services for the years ended December 31, 2016 and 2015, respectively. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. At December 31, 2016, the Company had approximately $27,000,000 in excess of federally insured limits on deposit with financial institutions. Restricted Cash The Company has cash that is restricted for the payment of insurance premiums, and the replacement of billboard displays on structures located on state fairgrounds. Accounts Receivable Billboard Rentals Accounts receivable are recorded at the invoiced amount, net of advertising agency commissions, sales discounts, and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on its knowledge of its customers and historical experience of bad debts. In circumstances where the Company is aware of a specific customer's inability to meet its financial obligations, it records a specific allowance to reduce the amounts recorded to what it believes will be collected. For all other customers, the Company recognizes reserves for bad debt based upon historical experience of bad debts as a percentage of revenue, adjusted for relative improvement or deterioration in its agings and changes in current economic conditions. As of December 31, 2016 and 2015 the allowance for doubtful accounts was $25,177 and $2,111, respectively. Insurance Accounts receivable consists of premiums on contract bonds and anticipated salvage. All of the receivables have payment terms of less than twelve months and arise from the sales of contract surety bonds. Receivables for contract bonds that are outstanding for more than ninety days are fully reserved. At December 31, 2016, there were no reserved receivables. Anticipated salvage is the amount the Company expects to receive from principals pursuant to indemnification agreements. Deferred Policy Acquisition Costs Policy acquisition costs consist primarily of commissions to agents and brokers and premium taxes. Such costs that are directly related to the successful acquisition of new or renewal insurance contracts are deferred and amortized over the related policy period, generally one year. The recoverability of these costs is analyzed by management quarterly, and if determined to be impaired, is charged to expense. The Company does not consider anticipated investment income in determining whether a premium deficiency exits. All other acquisition expenses are charged to operations as incurred. At December 31, 2016, other assets include $238,235 in deferred policy acquisition costs. Property and Equipment Property and equipment are carried at cost less depreciation. Depreciation and amortization are provided principally on the straight-line method over the estimated useful lives of the assets, which range from two years to fifteen years as follows: Structures 15 years Digital displays and electrical 3 to 10 years Static and tri-vision displays 7 to 15 years Vehicles, equipment, and furniture 2 to 5 years Maintenance and repair costs are charged against income as incurred. Significant improvements or betterments are capitalized and depreciated over the estimated life of the asset. Annual internal reviews are performed to evaluate the reasonableness of the depreciable lives for property and equipment. Actual usage, physical wear and tear, replacement history, and assumptions about technology evolution are reviewed and evaluated to determine the remaining useful lives of the assets. Remaining useful life assessments are made to anticipate the loss in service value that may precede physical retirement, as well as the level of maintenance required for the remaining useful life of the asset. Certain assets are also reviewed for salvageable parts. Property and equipment is reviewed annually for impairment whenever events or changes in circumstances indicate that the carrying amount of property and equipment may not be fully recoverable. The period over which property and equipment is expected to contribute directly to future cash flows is evaluated against the Company's historical experience. Impairment losses are recognized only if the carrying amount exceeds its fair value. Goodwill Prior to 2015, the Company had no goodwill. Beginning in 2015, the Company has acquired goodwill related to its various business acquisitions. Goodwill represents future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is initially recorded at cost. Goodwill, by reporting unit, is reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. For its annual review of significant reporting units, the Company employs a third party valuation expert. Factors considered in the annual evaluation include deterioration in economic conditions (both macro and geographic,) limitations on accessing capital, and market value of the Company. Industry and market conditions such as changes in competition, the general state of the industry, regulatory and political developments, and changes in market multiples are additional components of the valuation. Changes in key personnel, strategy, and customer retention are also reviewed. The Company performs a qualitative assessment in order to determine the necessity for the performance of a quantitative test. Impairment losses are recognized only if the carrying amount of the reporting unit exceeds its fair value. The Company recorded no impairment of goodwill during the years ended December 31, 2016 and 2015. Purchased Intangibles and Other Long-Lived Assets The Company amortizes intangible assets with finite lives over their estimated useful lives, which range between two and fifty years as follows: Customer relationships 2 to 3 years Permits, licenses, and lease acquisition costs 10 to 50 years Noncompetition and Non-solicitation Agreements 2 to 5 years Technology, trade names, and trademarks 2 to 3 years Purchased intangible assets, including long-lived assets are reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. Factors considered in reviewing the asset values include consideration of the use of the asset, the expected life of the asset, and regulatory or contractual provisions related to such assets. Market participation assumptions are compared to the Company's experience and the results of the comparison are evaluated. For finite-lived intangible assets, the period over which the assets are expected to contribute directly to future cash flows is evaluated against the Company's historical experience. Impairment losses are recognized only if the carrying amount exceeds its fair value. Investments, Short-term and Long-term Investments include certificates of deposits and government bonds. Long-term Investments are classified as held-to-maturity and are accounted for at amortized cost. The Company has both the intent and ability to hold the bonds to maturity. Certificates of deposit are accounted for at carrying value with no adjustments for changes in fair value. Premiums and discounts are amortized or accreted over the lives of the related fixed maturities as an adjustment to the yield using the effective interest method. Dividend and interest income are recognized when earned. Realized investment gains and losses are included in earnings . Investments in Unconsolidated Entities The Company accounts for investments in less than 50% owned and more than 20% owned entities using the equity method of accounting. In accordance with ASC 323-30, the Company accounts for investments in limited partnerships and limited liability companies using the equity method of accounting when its investment is more than minimal. The Company's share of earnings (loss) of such entities is recorded as a single amount as equity (loss) in earnings of unconsolidated entities. Dividends, if any, are recorded as a reduction of the investment. Funds Held as Collateral Assets Funds held as collateral assets consist principally of cash collateral received from principals to guarantee performance on surety bonds issued by the Company, as well as all other contractual obligations of the principals to the surety. The Company also holds long-term certificates of deposit as collateral. Land Leases Most of the advertising structures are located on leased land. Land leases related to the structures are typically paid in advance for periods ranging from one to twelve months. The lease contracts include those with fixed payments and those with escalating payments. Some of the lease contracts contain a base rent payment plus an additional amount up to a particular percentage of revenue. Prepaid land leases are recorded as assets and expensed ratably over the related term and rent payments in arrears are recorded as an accrued liability. At December 31, 2016 and 2015, prepaid expenses include $176,800 and $17,654, respectively, in prepaid land leases. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates relate to anticipated salvage and subrogation, accrued losses and loss adjustment expenses, litigation contingencies, allocation of asset acquisition price between tangible and intangible assets, useful lives for depreciation and amortization, and the valuation of deferred tax assets and liabilities. Accordingly, actual results could differ from those estimates. Revenue Recognition Billboard Rentals The Company generates revenue from outdoor advertising through the leasing of billboards. The terms of the operating leases range from less than one month to three years and are generally billed monthly. Revenue for advertising space rental is recognized on a straight-line basis over the term of the contract. Advertising revenue is reported net of agency commissions. Agency commissions are calculated based on a stated percentage applied to gross billing revenue for operations. Payments received in advance of being earned are recorded as deferred revenue. Advertising agency commissions for the years ended December 31, 2016 and 2015 were $80,356 and $6,007, respectively. Premiums and Unearned Premium Reserves Premiums written are recognized as revenues based on a pro-rata daily calculation over the respective terms of the policies in-force. Unearned premiums represent the portion of premiums written applicable to the unexpired term of the policies in force. The cost of reinsurance ceded is initially written as prepaid reinsurance premiums and is amortized over the reinsurance contract period in proportion to the amount of insurance protection provided. Premiums ceded are netted against premiums written. Commissions The Company generates revenue from commissions on surety bond sales. The insurance commissions are calculated based upon a stated percentage applied to the gross premiums on bonds. Payments received for gross premiums are held in escrow until the bond is written. Commissions are earned as of the policy effective date. At the time the bond is written funds are disbursed from escrow for the payment of the bond. Losses and Loss Adjustment Expenses Unpaid losses and loss adjustment expenses represent estimates for the ultimate cost of unpaid reported and unreported claims incurred and related expenses. Estimates for losses and loss adjustment expenses are based on past experience of investigating and adjusting claims and consideration of the level of premiums written during the current and prior year. Since the reserves are based on estimates, the ultimate liability may differ from the estimated reserve. The effects of changes in estimated reserves are included in the results of operations in the period in which the estimates are changed. Segment Information The Company's current operations for the year ended December 31, 2016 and 2015 include the outdoor advertising industry and the insurance industry. Earnings Per Share Basic loss per common share is computed by dividing the net income (loss) available to common stockholders and Class A common stockholders by the weighted average number of common and Class A common shares outstanding during the year. Diluted earnings per share reflect the potential dilution of securities that could share in earnings of an entity. In a loss year, dilutive common equivalent shares are excluded from the loss per share calculation as the effect would be anti-dilutive. For the years ended December 31, 2016 and 2015, the Company had potentially dilutive securities in the form of stock warrants. However, such securities were excluded due to their anti-dilutive effect. Income Taxes Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the bases of certain assets and liabilities for financial and income tax reporting. Deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future federal income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to amounts expected to be realized. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs".) The ASUs not listed below were assessed and determined to be not applicable Revenue from Contracts with Customers In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases. Business Combinations In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805), In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company adopted this standard as of the beginning of 2016 and the adoption of this standard did not impact the Company's consolidated financial position, results of operations, or cash flows. Recent Accounting Pronouncements (continued) Statement of Cash Flows (Topic 230): Restricted Cash In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Early adoption is permitted, including adoption in an interim period. If early adopted in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The amendments should be applied using a retrospective method to each period presented. The Company is currently reviewing the provisions of the new standard and assessing the impact of its adoption. Short-Duration Contracts In May 2015, the FASB issued ASU 2015-09, Financial Services Insurance (Topic 944): Disclosures about Short-Duration Contracts. The Company is classified as an Emerging Growth Company, as defined in the Jumpstart Our Business Startups Act ("JOBS" Act). As such, the Company is permitted to defer the adoption of new ASUs until the effective date for private companies, which is generally one year later than the effective date for public companies. The Company is currently reviewing the provisions of ASU 2015-09 and assessing the impact of its adoption in the coming year.

Note 3. Restricted Cash

Note 3. Restricted Cash	12 Months Ended
	Dec. 31, 2016
Notes
Note 3. Restricted Cash	NOTE 3. RESTRICTED CASH At December 31, restricted cash consists of the following: December 31, 2016 2015 Insurance premium escrow $194,123 $- Billboard replacement reserve 84,970 - $279,093 $- At December 31, 2016 deposit on business acquisition consists of $2,950,000 deposited to the seller's escrow account for the acquisition of billboard structures and related assets from Clear Channel Outdoor, Inc. (See Note 15.)

Note 4. Accounts Receivable

Note 4. Accounts Receivable	12 Months Ended
	Dec. 31, 2016
Notes
Note 4. Accounts Receivable	NOTE 4. ACCOUNTS RECEIVABLE At December 31, receivables consist of the following: December 31, 2016 2015 Trade accounts, net $510,709 $276,750 Premiums 211,360 - Anticipated salvage and subrogation 60,997 - $783,066 $276,750

Note 5. Property and Equipment

Note 5. Property and Equipment	12 Months Ended
	Dec. 31, 2016
Notes
Note 5. Property and Equipment	NOTE 5. PROPERTY AND EQUIPMENT At December 31, property and equipment consist of the following: December 31, 2016 2015 Structures and displays $6,261,516 $4,548,473 Vehicles and equipment 149,803 - Office furniture and equipment 175,073 2,633 Accumulated depreciation (1,008,712) (307,367) Total Property and Equipment, net $5,577,680 $4,243,739

Note 6. Business Acquisitions

Note 6. Business Acquisitions	12 Months Ended
	Dec. 31, 2016
Notes
Note 6. Business Acquisitions	NOTE 6. BUSINESS ACQUISITIONS 2016 Acquisitions During the year ended December, 31 2016, the Company completed four large business acquisitions and one small acquisition. All of the acquisitions were accounted for as business combinations under the provisions of ASC 805. A summary of the acquisitions and revenues and earnings of each since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 is provided in the table below. Jag, Inc. On February 16, 2016, the Company's subsidiary, LMW entered into a purchase agreement with Jag, Inc. for the purchase of 339 billboard structures, directional signs, equipment and related assets from Jag, Inc. The assets acquired are located in Wisconsin. The cash purchase price for the acquired business was $6,954,246 of which $687,500 was escrowed. The purchase price is subject to certain post-closing adjustments. The assets were acquired for the purpose of expanding the Company's presence in the outdoor advertising market. The purchase price allocation is based on an appraisal by an independent third party valuation firm. Finite-lived intangible assets consist of permits and lease acquisition costs, and customer relationships. Amortization is computed over the average period of expected benefit, determined from internal information. The Company also acquired easements. The easements are permanent easements which grant the Company the right to use real property not owned by the Company. Since these rights are perpetual, they are not amortized. Rose City Outdoor, LLC On February 16, 2016, the Company made a small acquisition, Rose City Outdoor, LLC and Rose City of Florida, LLC, for a cash purchase price of $287,320. Kelley Outdoor Media LLC On June 15, 2016, the Company's subsidiary, LMA entered into a purchase agreement for the purchase of ten billboard structures and related assets from Kelley Outdoor Media, LLC and ArtRod Displays, Inc. The assets acquired are located in Georgia. The cash purchase price for the acquired business was $2,021,885. The assets were acquired for the purpose of expanding the Company's presence in the outdoor advertising market. The purchase price allocation is based on an appraisal by an independent third party valuation firm. The Company amortizes the noncompetition agreement according to the terms of the asset purchase agreement. Other finite-lived intangible assets consist of customer relationships and permits. Amortization is computed over the average period of expected benefit, determined from internal information. The Warnock Agency, Inc. On April 20, 2016, the Company's subsidiary, GIG, acquired the stock of The Warnock Agency. The cash purchase price was $1,345,000, of which $126,500 is not payable until eighteen months after closing and is included in the consolidated balance sheet under the caption long-term liabilities. TWA was acquired for the purpose of expanding the Company's presence in the insurance market. The purchase price allocation is based on an appraisal by an independent third party valuation firm. Finite–lived intangible assets consist of customer relationships, trade names and trademarks, technology, and a non-competition agreement. The Company amortizes the non-competition agreement according to the terms of the asset purchase agreement. For other finite-lived assets, amortization is computed over the average period of expected benefit determined from internal information. United Casualty and Surety Company On December 7, 2016, the Company's subsidiary, GIG acquired the stock of the United Casualty and Surety Company. The cash purchase price was $13,000,000. UC&S was acquired for the purpose of expanding the Company's presence in the insurance market. The provisional allocation of the purchase price is based on internal information and will be revised when an independent appraisal has been completed. Due to the timing of the transaction the initial accounting for the business combination is incomplete. The Company is still in the process of identifying additional intangible assets and is obtaining and assessing documentation of the contracts and relationships. As of December 31, 2016, identifiable intangible assets consist of state insurance licenses and are amortized over the average period of expected benefit determined from internal information. The following tables present the 2016 business acquisitions, amortization of finite-lived intangible assets, revenues and earnings included in consolidated net loss for the year ended December 31, 2016, and the costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016. Billboards Jag Rose City Kelley Subtotal Assets Acquired Property and Equipment: Structures and displays $562,300 $230,000 $733,500 $1,525,800 Vehicles, tools, and eqipment 140,435 - - 140,435 Office furniture and equipment - - - - Total Property and Equipment 702,735 230,000 733,500 1,666,235 Intangible assets: Customer relationships 1,425,000 - 215,000 1,640,000 Permits, licenses,and lease acquisition costs 695,000 26,100 38,000 759,100 Easements 110,000 - - 110,000 Noncompetition agreement - - - - Trade names and trademarks - - - - Technology - - - - Goodwill 3,915,171 31,220 1,013,500 4,959,891 Total Intangible Assets 6,145,171 57,320 1,266,500 7,468,991 Other assets: Cash - - - - Accounts receivable 106,340 - 21,885 128,225 Investments, short-term - - - - Prepaid expense - - - - Deferred policy acquisition costs - - - - Funds held as collateral assets - - - - Investments, long-term - - - - Other noncurrent assets - - - - Total Other Assets 106,340 - 21,885 128,225 Total Assets Acquired 6,954,246 287,320 2,021,885 9,263,451 Liabilities Assumed - - - - Total $6,954,246 $287,320 $2,021,885 $9,263,451 Insurance TWA UC&S Subtotal Total Assets Acquired Property and Equipment: Structures and displays $- $- $- $1,525,800 Vehicles, tools, and eqipment - - - 140,435 Office furniture and equipment 20,325 9,548 29,873 29,873 Total Property and Equipment 20,325 9,548 29,873 1,696,108 Intangible assets: Customer relationships 248,000 - 248,000 1,888,000 Permits, licenses,and lease acquisition costs - 450,000 450,000 1,209,100 Easements - - - 110,000 Noncompetition agreement 75,000 - 75,000 75,000 Trade names and trademarks 55,000 - 55,000 55,000 Technology 138,000 - 138,000 138,000 Goodwill 717,679 7,158,648 7,876,327 12,836,218 Total Intangible Assets 1,233,679 7,608,648 8,842,327 16,311,318 Other assets: Cash 80,000 3,631,626 3,711,626 3,711,626 Accounts receivable - 416,611 416,611 544,836 Investments, short-term - 1,003,196 1,003,196 1,003,196 Prepaid expense 10,996 99,153 110,149 110,149 Deferred policy acquisition costs - 276,556 276,556 276,556 Funds held as collateral assets - 1,642,026 1,642,026 1,642,026 Investments, long-term - 1,486,320 1,486,320 1,486,320 Other noncurrent assets - 4,864 4,864 4,864 Total Other Assets 90,996 8,560,352 8,651,348 8,779,573 Total Assets Acquired 1,345,000 16,178,548 17,523,548 26,786,999 Liabilities Assumed - (3,178,548) (3,178,548) (3,178,548) Total $1,345,000 $13,000,000 $14,345,000 $23,608,451 Liabilities assumed in connection with the UC&S acquisition are as follows: Accounts payable and accrued expenses $107,850 Unearned premiums 1,189,672 Federal income taxes payable 110,000 Funds held as collateral 1,642,026 Deferred tax liability 129,000 Total Liabilities Assumed $3,178,548 Billboards Jag Rose City Kelley Subtotal Amortization of intangible assets acquired during the year endedDecember 31, 2016 $415,044 $2,175 $44,018 $461,237 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $1,461,633 $21,950 $205,670 $1,689,253 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $(175,794) $ (2,160) $ 43,505 $ (134,449) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016 $92,561 $- $46,939 $139,500 Insurance TWA UC&S Subtotal Total Amortization of intangible assets acquired during the year ended December 31, 2016 $114,111 $1,500 $115,611 $576,848 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $507,477 $171,564 $679,041 $2,368,294 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $(60,530) $(12,800) $(73,330) $(207,779) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016 $21,253 $131,621 $152,874 $292,374 2015 Acquisitions During the year ended December 31, 2015, the company completed three significant business acquisitions. All of the acquisitions were accounted for as business combinations under the provisions of ASC 805. A summary of the acquisitions and revenues and earnings of each since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2015 is provided in the table below. Bell Media, LLC On June 19, 2015, the Company's subsidiary, LMA entered into a purchase agreement with Bell Media, LLC for the purchase of thirty-three billboard structures and related assets from Bell Media, LLC. The assets acquired are located in Alabama. Bell Media, LLC sold only assets related to its outdoor advertising business. The cash purchase price was $6,684,604, including $300,000 for which payment was deferred until approvals for LMA to assume certain land leases were obtained. The approvals were obtained in July 2015 and the payment was made. The business acquisition was effected for the purpose of the Company's entry into the outdoor advertising market. The allocation of the purchase price is based on an appraisal by an independent third party valuation firm. The Company amortizes the noncompetition and non-solicitation agreements according to the terms of the asset purchase agreement. Other finite-lived intangible assets consist of customer relationships, permits, licenses, and lease acquisition costs. Amortization is computed over the average period of expected benefit, determined from internal information. Fair Outdoor, LLC On July 23, 2015, the Company's subsidiary, LMF entered into a purchase agreement with Fair Outdoor, LLC for the purchase of a billboard structure and related assets from Fair Outdoor, LLC. The assets acquired are located in Florida. The cash purchase price was $1,945,061. The business acquisition was effected for the purpose of expanding the Company's presence in the outdoor advertising market. The allocation of the purchase price is based on an appraisal by an independent third party valuation firm. Finite-lived intangible assets consist of permits and customer relationships. Amortization is computed over the average period of expected benefit, determined from internal information. I-85 Advertising, LLC On August 31, 2015, the Company's subsidiary, LMA entered into a purchase agreement with I-85 Advertising, LLC for the purchase of five billboard structures and related assets from I-85 Advertising, LLC. The assets acquired are located in Georgia. The cash purchase price was $1,294,900. The business acquisition was effected for the purpose of expanding the Company's presence in the outdoor advertising market. The allocation of the purchase price is based on an appraisal by an independent third party valuation firm. Finite-lived intangible assets consist of permits. Amortization is computed over the average period of expected benefit, determined from internal information. The Company also acquired easements. The easements are permanent easements which grant the Company the right to use real property not owned by the Company. Since these rights are perpetual, they are not amortized. The following tables present the 2015 business acquisitions, amortization of finite-lived intangible assets, revenues and earnings included in consolidated net loss for the year ended December 31, 2015, and the costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2015. Billboards Bell Fair I-85 Total Assets Acquired Property and Equipment: Structures and displays $3,468,700 $370,000 $587,500 $4,426,200 Intangible Assets: Customer relationships 170,000 536,300 - 706,300 Permits, licenses and lease acquisition costs 200,000 52,200 52,200 304,400 Easement - - 11,000 11,000 Noncompetition and non-solicitation agreements 98,000 - - 98,000 Goodwill 2,747,904 986,561 644,200 4,378,665 Total Intangible Assets 3,215,904 1,575,061 707,400 5,498,365 Total Assets Acquired $6,684,604 $1,945,061 $1,294,900 $9,924,565 Amortization of intangible assets acquired during the year ended December 31, 2015 $72,042 $76,654 $1,740 $150,436 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2015 $597,309 $85,853 $30,050 $713,212 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2015 $(284,773) $(32,857) $14,061 $(303,569) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2015 $130,456 $55,788 $55,297 $241,541 Pro Forma Information The following is the unaudited pro forma information assuming all business acquisitions occurred on January 1, 2015. For all of the business acquisitions depreciation and amortization have been included in the calculation of the below pro forma information based upon the actual acquisition costs. Depreciation is computed on the straight-line method over the estimated remaining economic lives of the assets, ranging from two years to fifteen years. Amortization is computed on the straight-line method over the estimated useful lives of the assets ranging from two to fifty years. Years Ended December 31, 2016 2015 Revenue $6,880,070 $6,947,351 Net Income (Loss) $(2,727,032) $(978,770) Basic and Diluted Earnings (Loss) per Share $(0.45) $(0.66) Basic and Diluted Weighted Average Class A and Common Shares Outstanding 6,043,571 1,481,310 The information included in the pro forma amounts is derived from historical information obtained from the sellers of the businesses. With respect to Bell Media and Kelley Outdoor Media, the above pro forma does not contain allocation of management overhead and other shared expenses for lines of business under common ownership, that were not acquired.

Note 7. Intangible Assets

Note 7. Intangible Assets	12 Months Ended
	Dec. 31, 2016
Notes
Note 7. Intangible Assets	NOTE 7. INTANGIBLE ASSETS Intangible assets consist of the following: December 31, 2016 December 31, 2015 Accumulated Accumulated Cost Amortization Balance Cost Amortization Balance Customer relationships $2,594,300 $(876,976) $1,717,324 $706,300 $(120,520) $585,780 Permits, licenses, and lease acquistion costs 1,513,500 (70,330) 1,443,170 304,400 (14,748) 289,652 Noncompete agreements 145,000 (31,583) 113,417 70,000 (7,583) 62,417 Trade names and trademarks 55,000 (18,333) 36,667 - - - Technology 138,000 (30,667) 107,333 - - - Non-solicitation agreement 28,000 (21,583) 6,417 28,000 (7,584) 20,416 Easements 121,000 - 121,000 11,000 - 11,000 4,594,800 (1,049,472) 3,545,328 1,119,700 (150,435) 969,265 Future Amortization The future amortization associated with the intangible assets is as follows: December 31, 2017 2018 2019 2020 2021 Thereafter Total Customer relationships $846,986 $733,603 $136,735 $- $- $- $1,717,324 Permits, licenses and lease acquisition costs 77,950 77,950 77,950 77,950 77,950 1,053,420 1,443,170 Noncompete agreements 29,000 29,000 29,000 21,417 5,000 - 113,417 Trade names and trademarks 27,500 9,167 - - - - 36,667 Technology 46,000 46,000 15,333 - - - 107,333 Nonsolicitation agreement 6,417 - - - - - 6,417 $1,033,853 $895,720 $259,018 $99,367 $82,950 $1,053,420 $3,424,328 The weighted average amortization period, in months, for intangible assets is as follows: Customer relationships 23 Permits, licenses, and lease acquisition costs 222 Non-compete agreements 47 Trade names and trademarks 16 Technology 28 Nonsolicitation agreement 6

Note 8. Investments, Including

Note 8. Investments, Including Investments Accounted For Using The Equity Method	12 Months Ended
	Dec. 31, 2016
Notes
Note 8. Investments, Including Investments Accounted For Using The Equity Method	NOTE 8. INVESTMENTS, INCLUDING INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD Certificates of Deposit and U.S. Treasury Securities Short-term investments consist of certificates of deposit having maturity dates of less than twelve months. Long-term investments consist of certificates of deposit having maturity dates in excess of twelve months, and U.S. Treasury securities. The certificates of deposit have maturity dates ranging from 2018 through 2021. The Company has the intent and the ability to hold the investments to maturity. Certificates of deposit and U.S. Treasury securities are stated at carrying value which approximates fair value. Long-term investments consist of the following: 2016 2015 U.S. Treasury securities $810,319 $- Certificates of deposit 374,879 - $1,185,198 $- Convertible Note Receivable On September 13, 2016, the Company purchased an unsecured convertible note receivable from Breezeway Homes, Inc. ("Breezeway") for the principal sum of $100,000. The note bears interest at three percent (3%) per annum. Principal and accrued interest are payable on demand at the earlier of December 31, 2018 or the closing of Breezeway's next equity financing. The conversion provisions will be determined by the amount, date, and terms of Breezeway's next equity financing. At December 31, 2016, the balance of the note plus accrued interest is $100,896. Investment in Unconsolidated Affiliates The Company has various investments in equity method affiliates, whose businesses are in real estate and real estate services. The Company's interests in its affiliates ranges from 7.15% to 30%. Two of the investments in affiliates, with a carrying amount of $325,475, are managed by a member of the Company's board of directors. The following table is a reconciliation of the Company's investments in equity affiliates as presented in investments on the consolidated balance sheet: 2016 2015 Beginning of year $657,528 $47,263 Additional investments in unconsolidated affiliates 258,166 670,232 Distributions received (16,515) (32,000) Sale of investment in unconsolidated affiliate - (31,780) Equity in net income (loss) of unconsolidated affiliates (27,261) 3,813 End of year $871,918 $657,528

Note 9. Note Payable, Former St

Note 9. Note Payable, Former Stockholder	12 Months Ended
	Dec. 31, 2016
Notes
Note 9. Note Payable, Former Stockholder	NOTE 9. NOTE PAYABLE, FORMER STOCKHOLDER In connection with the former controlling stockholder's sale of his entire interest in the Company, the Company became obligated on a note payable to the former stockholder in the principal amount of $135,494. The note bore interest at 5.76% per annum, was due February 12, 2016 and was secured by the Company's 40% interest in Ananda Investments, LLC ("Ananda".) The Company could elect to fully satisfy the outstanding principal and accrued interest by transferring the Company's 40% interest in Ananda to the former controlling stockholder. The former controlling stockholder could also elect to accept the transfer of the Company's 40% interest in Ananda in full satisfaction of the unpaid principal and accrued interest. During September 2015, Ananda made a distribution to its members. The Company's share of the distribution was $32,000 and was distributed directly to the former controlling stockholder instead of to the Company. In accordance with the terms of the note payable, the distribution made by Ananda to the former controlling stockholder was treated as a reduction of principal, thus reducing the outstanding principal balance to $103,494. On December 31, 2015, the Company transferred its interest in Ananda to the former controlling stockholder in full satisfaction of the note payable in the principal amount of $103,494 and accrued interest of $6,436. On January 22, 2016, in connection with the transfer of its interest in Ananda the Company was released from its guaranty of Ananda's mortgage note payable.

Note 10. Notes Payable, Stockho

Note 10. Notes Payable, Stockholders	12 Months Ended
	Dec. 31, 2016
Notes
Note 10. Notes Payable, Stockholders	NOTE 10. NOTES PAYABLE, STOCKHOLDERS Notes payable stockholders consist of the following: December 31, 2016 2015 Note payable to a limited liability company, bearing interest at 5% per annum, unsecured, prinicpal and interest due February 12, 2016 $- $50,000 Note payable to a limited partnership, bearing interest at 5% per annum, unsecured, principal and interest due February 12, 2016 - 50,000 $- $100,000 In connection with the former stockholder's sale of his entire interest in the Company, the two new majority stockholders purchased two notes payable in the original principal amounts of $100,000 and $298,224 from the former controlling stockholder. On June 19, 2015 the two stockholders extinguished two of their notes payable, each in the principal amount of $149,112 with accrued interest on each note of $2,533. Each note was extinguished in exchange for 15,164 shares of Class A common stock and 1,516 warrants for the purchase of Class A common stock at a price of $10 per share. The warrants are exercisable at any time and expire on June 18, 2025. The exchange of the notes payable for class A common stock was accounted for as an extinguishment. There was no gain or loss on the extinguishment since the fair value of the stock issued was equivalent to the fair value of the notes prior to conversion. On April 10, 2015, the Company issued notes payable to the two majority stockholders of $100,000 each, bearing interest at 5% per annum and due March 31, 2016. The notes were payable in cash or any or all of the promissory notes could be converted to shares of common stock. The conversion could not occur until the Company raised $1,000,000 in gross proceeds from one or a series of equity offerings. The conversion price was to be equal to 80% of the price paid by investors in the financing for identical securities. On June 19, 2015, the stockholders converted their notes payable, together with accrued interest of $932 each, into 12,616 shares of Class A common stock and 1,262 warrants each. The warrants are for the purchase of Class A common stock at a price of $8 per share, are exercisable at any time and expire on June 18, 2025. On February 29, 2016, the two controlling stockholders extinguished the notes payable, together with accrued interest on each note of $3,014. Each note was extinguished in exchange for 5,223 shares of common stock at a price of $10.15 per share. The conversion of the notes payable was accounted for as an extinguishment of debt. There was no gain or loss on the conversion since the fair value of the stock issued was equivalent to the fair value of the notes prior to conversion.

Note 11. Capital Stock

Note 11. Capital Stock	12 Months Ended
	Dec. 31, 2016
Notes
Note 11. Capital Stock	NOTE 11. CAPITAL STOCK Management has evaluated the conversion option for derivative accounting consideration under ASC Topic 815-40, Derivatives and Hedging – Contracts in Entity's Own Stock and concluded that the conversion option meets the criteria for classification in stockholders' equity. Therefore, derivative accounting is not applicable for the conversion option. On March 16, 2015, the Company converted its charter from Texas to Delaware. In connection with its conversion the Company changed its authorized shares of preferred stock from 10,000,000 shares to 3,000,000 shares. On the same date, the Company changed its authorized shares of common stock from 500,000,000 shares to 30,000,000 shares. As of April 2015, the former controlling stockholder made $5,163 in capital contributions to the Company in accordance with the purchase and sale agreement for the sale of his controlling interest in the Company. On June 17, 2015 the Company effected a 7:1 reverse split. On the same day, the Company amended its Certificate of Incorporation to authorize 12,000,000 shares of Class A common stock from the 30,000,000 shares of authorized common stock, reducing common stock authorized to 18,000,000 shares. Each share of Class A common stock is identical to the Company's common stock in liquidation, dividend and similar rights. Additionally, each share of Class A common stock has 10 votes for each share held, while the Company's common stock has one vote per share. The holders of record of the Class A common stock are entitled to elect two directors to the Company's board of directors. Class A and Common shares are combined for purposes of computing earnings per share. The financial statements for the year ended December 31, 2015 have been retroactively restated to reflect the reverse stock split. On June 19, 2015, the Company issued 500,000 shares of Class A common stock at a price of $10 per share to each of its majority stockholders, resulting in gross proceeds to the Company of $10,000,000. In connection with the stock issue, the Company issued 50,000 warrants to each of its majority stockholders to purchase additional shares of the Company's Class A common stock at a price of $10 per share. The warrants are exercisable at any time and expire on June 18, 2025. As of December 31, 2015, the Company has issued 103,032 warrants for the purchase of Class A common stock at a price of $10 per share and 2,524 warrants for the purchase of Class A common stock at a price of $8 per share. None of the warrants have been exercised, forfeited, or have expired. On July 22, 2015, the controlling stockholders, Boulderado Partners, LLC ("Boulderado") and Magnolia Capital Fund, LP ("Magnolia") purchased common stock at $10 per share. Boulderado purchased 250,000 shares and Magnolia purchased 1,200,000 shares resulting in gross proceeds to the Company of $14,500,000. The proceeds were used to fund Link Media Florida, LLC ("LMF") the Company's new subsidiary, in its purchase of outdoor advertising assets. Each holder of common stock would be eligible to participate in an offering of common stock and Class A common stock, under a future rights offering. On October 19, 2015, the Company changed the number of authorized shares of Class A common stock from 12,000,000 shares to 1,300,000 shares and authorized shares of common stock from 18,000,000 shares to 28,700,000 shares. As discussed in Note 10, on February 29, 2016, the Company issued 5,223 shares of common stock to each of the two controlling stockholders at a price of $10.15 per share in exchange for the extinguishment of notes payable and accrued interest, totaling $106,028. On March 11, 2016, the Company amended its certificate of incorporation to reduce authorized shares of common stock from 18,000,000 to 11,000,000 shares; authorized shares of Class A common stock from 1,300,000 shares to 1,161,116 shares; and, preferred stock from 3,000,000 shares to 1,000,000 shares. During the year ended December 31, 2016 the Company raised $41,761,318, in cash, from the issuance of its common stock. The stock was issued at a price of $10.15 per share and represents the issuance of 4,114,415 shares. Of that amount, the controlling stockholders had purchased, for cash, 2,906,403 shares for a total cash consideration of $29,499,990. As a group, entities related to the Company's officers and directors purchased 3,001,254 shares for a total cash consideration of $30,462,729.

Note 12. Income Tax Benefit

Note 12. Income Tax Benefit	12 Months Ended
	Dec. 31, 2016
Notes
Note 12. Income Tax Benefit	NOTE 12. INCOME TAX BENEFIT The Company accounts for income taxes in accordance with ASC Topic 740 which requires the Company to provide a net deferred tax asset or liability equal to the expected future tax benefit or expense of temporary reporting differences between book and tax accounting and any available operating loss or tax credit carry forwards. The components of the income tax (provision) benefit for the years ended December 31, were as follows: December 31, 2016 2015 Current tax benefit: Federal $1,142,968 $443,173 State 131,774 37,936 Total 1,274,742 481,109 Deferred tax benefit (expense): Federal (73,928) (88,719) State (13,955) (16,914) Total (87,883) (105,633) Total Income Tax Benefit Before Valuation Allowance 1,186,859 375,476 Valuation allowance (1,186,859) (375,476) Total Income Tax Benefit ~ ~ Deferred tax assets: Net operating loss carryforward $1,554,785 $367,926 Less valuation allowance (1,554,785) (367,926) $- $- The Company has available at December 31, 2016, tax operating loss carry forwards of approximately $4,500,000, net of the loss of $276,000 of tax operating loss carry forwards due to the change in control of the Company. Such carry forwards may be applied against future taxable income and expire in 2035 and 2036. The amount and ultimate realization from the deferred tax assets for income tax purposes is dependent, in part, upon the tax laws in effect, the Company's future earnings, and other future events, the effects of which cannot be determined. At December 31, 2016, the Company had recorded a valuation allowance of $1,554,785 to fully offset the deferred tax asset. The change in the valuation allowance for the year ended December 31, 2016 is $1,186,859. As of December 31, 2015, deferred tax assets and the valuation allowance were adjusted by $71,122 due to the loss of tax operating loss carry forwards associated with the change in control of the Company. On December 7, 2016, the Company acquired UC&S. On the date of acquisition, UC&S had a deferred tax liability of $129,000. Such deferred tax liability is part of the purchase accounting (See Note 6.). The deferred tax liability was not relieved by the valuation allowance since UC&S files its own tax return which is separate from that of Boston Omaha. The reconciliation of the provision (benefit) for income taxes computed at the U.S. federal and state tax rates to the Company's effective tax rate for the years ended December 31, 2016 and 2015 is as follows: December 31, 2016 2015 Federal provision (benefit) at statutory rates (34.00)% (35.00)% Change in valuation allowance 34.00% 35.00% 0.00% 0.00% The Company has no tax positions at December 31, 2016 and 2015 for which the ultimate deductibility is highly uncertain nor is there uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2016 and 2015, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2016 and 2015. Tax years from 2013 forward are open to examination by the Internal Revenue Service.

Note 13. Future Minimum Lease P

Note 13. Future Minimum Lease Payments	12 Months Ended
	Dec. 31, 2016
Notes
Note 13. Future Minimum Lease Payments	NOTE 13. FUTURE MINIMUM LEASE PAYMENTS In connection with the business acquisitions (See Note 3.), the Company acquired the leases for three hundred sixty-nine billboard locations. Some of the leases are non-cancelable operating leases having remaining terms ranging from month-to-month to two hundred twenty-four months. In many instances, the Company can cancel the lease with little or no penalty. Ground rents for the years ended December 31, 2016 and 2015 were $546,884 and $114,587, respectively. Contingent rents included in ground rents for the years ended December 31, 2016 and 2015 were $46,980 and $1,733, respectively. The Company leases office space under leases expiring between 2019 and 2022. Rent expense included in general and administrative expense for the year ended December 31, 2016 and 2015 was $32,744 and $0, respectively. Future minimum rents are as follows for the twelve months ending December 31: 2017 $665,242 2018 640,676 2019 583,690 2020 537,633 2021 513,156 Thereafter 2,495,686 $5,436,083

Note 14. Industry Segments

Note 14. Industry Segments	12 Months Ended
	Dec. 31, 2016
Notes
Note 14. Industry Segments	NOTE 14. INDUSTRY SEGMENTS This summary presents the Company's current segments, as described below. General Indemnity Group, LLC ("GIG") GIG conducts the Company's insurance operations through its subsidiaries, The Warnock Agency ("TWA") and United Casualty and Surety Insurance Company ("UC&S".) TWA's clients are nationwide and UC&S clients are multi-state. Revenue consists of surety bond sales and insurance commissions. Currently, GIG's corporate resources are used to support TWA and UC&S and to make additional business acquisitions in the insurance industry. Link Media Holdings, LLC ("LMH") LMH conducts the Company's billboard rental operations. LMH advertisers are located in Alabama, Florida, Georgia, and Wisconsin. Total Year Ended December 31, 2016 GIG LMH Unallocated Consolidated Revenue $679,983 $3,163,534 $- $3,843,517 Segment loss from operations (558,686) (1,148,120) (1,466,569) (3,173,375) Capital expenditures 8,872,200 9,846,200 - 18,718,400 Depreciation and amortization 120,537 1,516,604 - 1,637,141 Total Year Ended December 31, 2015 GIG LMH Unallocated Consolidated Revenue $- $713,212 $9,700 $722,912 Segment loss from operations (68,417) (380,137) (598,869) (1,047,423) Capital expenditures - 10,049,470 - 10,049,470 Depreciation and amortization 132 457,671 - 457,803 Total December 31, 2016 GIG LMH Unallocated Consolidated Goodwill $7,876,327 $9,338,556 $- $17,214,883 Total assets 18,926,924 21,934,616 24,790,690 65,652,230 Total December 31, 2015 GIG LMH Unallocated Consolidated Goodwill $- $4,378,664 $- $4,378,664 Total assets 91,077 10,066,711 13,627,708 23,785,496

Note 15. Subsequent Events

Note 15. Subsequent Events	12 Months Ended
	Dec. 31, 2016
Notes
Note 15. Subsequent Events	NOTE 15. SUBSEQUENT EVENTS On January 9, 2017, the Company's subsidiary, LMG entered into a purchase agreement for the purchase of thirty-seven billboard structures and related assets from Clear Channel Outdoor, Inc. The cash purchase price of the acquired business was $2,983,444, of which $2,950,000 was deposited in the seller's escrow account in November 2016 (See Note 3.). The assets were acquired for the purpose of expanding the Company's presence in the outdoor advertising market in the Southeastern United States. On January 31, 2017, the Company's subsidiary LMW entered into a purchase agreement for the purchase of ninety-one billboard structures and related assets from Hartlind Outdoor. The cash purchase price of the acquired business was $2,817,000. The assets were acquired for the purpose of expanding the Company's presence in the outdoor advertising market in Wisconsin.

Note 2. Summary of Significan22

Note 2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Policies
Consolidation Policy	Consolidation Policy The financial statements of Boston Omaha Corporation include the accounts of the Company and its wholly-owned subsidiaries, as follows: Ananda Holdings, LLC ("AHLLC") Link Media Holdings, LLC ("LMH") Link Media Alabama, LLC ("LMA") Link Media Florida, LLC ("LMF") Link Media Wisconsin, LLC ("LMW") Link Media Georgia, LLC ("LMG") General Indemnity Group, LLC ("GIG") General Indemnity Direct Insurance Services, LLC ("GIDIS") General Indemnity Insurance Company PCC, LLC ("GIIC") The Warnock Agency, Inc. ("TWA") United Casualty and Surety Insurance Company ("UC&S") AHLLC is a Texas limited liability company and was formed on February 6, 2015 for the purpose of holding the Company's 40% interest in Ananda Investments LLC ("Ananda".) LMH is a Delaware limited liability company and was formed on June 9, 2015 for the purpose of holding the investments in LMA, LMF, LMW and LMG and future entities which will be in the outdoor advertising business. LMA is an Alabama limited liability company and was formed on June 10, 2015 to acquire outdoor advertising assets. LMF is a Florida limited liability company and was formed on July 9, 2015 to acquire outdoor advertising assets. LMW is a Wisconsin limited liability company and was formed on January 22, 2016 to acquire outdoor advertising assets. LMG is a Georgia limited liability company and was formed on November 14, 2016 to acquire advertising assets. GIG was formed on September 11, 2015 and began operations during October 2015 for the purpose of holding the Company's insurance operations. The Company acquired TWA on April 20, 2016 and UC&S on December 7, 2016 for the purpose of expanding its insurance operations. All significant intercompany profits, losses, transactions and balances have been eliminated in consolidation.
Reclassifications	Reclassifications Certain accounts in the prior year financial statements have been reclassified for comparative purposes to conform with the presentation in the current year financial statements.
Concentrations	Concentrations The Company's billboard operations are located in the southeastern and north central regions of the United States, primarily in Alabama, Georgia, and Wisconsin. Three vendors provided 65% and one vendor provided 45% of the Company's professional services for the years ended December 31, 2016 and 2015, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. At December 31, 2016, the Company had approximately $27,000,000 in excess of federally insured limits on deposit with financial institutions.
Restricted Cash	Restricted Cash The Company has cash that is restricted for the payment of insurance premiums, and the replacement of billboard displays on structures located on state fairgrounds.
Accounts Receivable	Accounts Receivable Billboard Rentals Accounts receivable are recorded at the invoiced amount, net of advertising agency commissions, sales discounts, and allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on its knowledge of its customers and historical experience of bad debts. In circumstances where the Company is aware of a specific customer's inability to meet its financial obligations, it records a specific allowance to reduce the amounts recorded to what it believes will be collected. For all other customers, the Company recognizes reserves for bad debt based upon historical experience of bad debts as a percentage of revenue, adjusted for relative improvement or deterioration in its agings and changes in current economic conditions. As of December 31, 2016 and 2015 the allowance for doubtful accounts was $25,177 and $2,111, respectively. Insurance Accounts receivable consists of premiums on contract bonds and anticipated salvage. All of the receivables have payment terms of less than twelve months and arise from the sales of contract surety bonds. Receivables for contract bonds that are outstanding for more than ninety days are fully reserved. At December 31, 2016, there were no reserved receivables. Anticipated salvage is the amount the Company expects to receive from principals pursuant to indemnification agreements.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Policy acquisition costs consist primarily of commissions to agents and brokers and premium taxes. Such costs that are directly related to the successful acquisition of new or renewal insurance contracts are deferred and amortized over the related policy period, generally one year. The recoverability of these costs is analyzed by management quarterly, and if determined to be impaired, is charged to expense. The Company does not consider anticipated investment income in determining whether a premium deficiency exits. All other acquisition expenses are charged to operations as incurred. At December 31, 2016, other assets include $238,235 in deferred policy acquisition costs.
Property and Equipment	Property and Equipment Property and equipment are carried at cost less depreciation. Depreciation and amortization are provided principally on the straight-line method over the estimated useful lives of the assets, which range from two years to fifteen years as follows: Structures 15 years Digital displays and electrical 3 to 10 years Static and tri-vision displays 7 to 15 years Vehicles, equipment, and furniture 2 to 5 years Maintenance and repair costs are charged against income as incurred. Significant improvements or betterments are capitalized and depreciated over the estimated life of the asset. Annual internal reviews are performed to evaluate the reasonableness of the depreciable lives for property and equipment. Actual usage, physical wear and tear, replacement history, and assumptions about technology evolution are reviewed and evaluated to determine the remaining useful lives of the assets. Remaining useful life assessments are made to anticipate the loss in service value that may precede physical retirement, as well as the level of maintenance required for the remaining useful life of the asset. Certain assets are also reviewed for salvageable parts. Property and equipment is reviewed annually for impairment whenever events or changes in circumstances indicate that the carrying amount of property and equipment may not be fully recoverable. The period over which property and equipment is expected to contribute directly to future cash flows is evaluated against the Company's historical experience. Impairment losses are recognized only if the carrying amount exceeds its fair value.
Goodwill	Goodwill Prior to 2015, the Company had no goodwill. Beginning in 2015, the Company has acquired goodwill related to its various business acquisitions. Goodwill represents future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is initially recorded at cost. Goodwill, by reporting unit, is reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. For its annual review of significant reporting units, the Company employs a third party valuation expert. Factors considered in the annual evaluation include deterioration in economic conditions (both macro and geographic,) limitations on accessing capital, and market value of the Company. Industry and market conditions such as changes in competition, the general state of the industry, regulatory and political developments, and changes in market multiples are additional components of the valuation. Changes in key personnel, strategy, and customer retention are also reviewed. The Company performs a qualitative assessment in order to determine the necessity for the performance of a quantitative test. Impairment losses are recognized only if the carrying amount of the reporting unit exceeds its fair value. The Company recorded no impairment of goodwill during the years ended December 31, 2016 and 2015.
Purchased Intangibles and Other Long-lived Assets	Purchased Intangibles and Other Long-Lived Assets The Company amortizes intangible assets with finite lives over their estimated useful lives, which range between two and fifty years as follows: Customer relationships 2 to 3 years Permits, licenses, and lease acquisition costs 10 to 50 years Noncompetition and Non-solicitation Agreements 2 to 5 years Technology, trade names, and trademarks 2 to 3 years Purchased intangible assets, including long-lived assets are reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. Factors considered in reviewing the asset values include consideration of the use of the asset, the expected life of the asset, and regulatory or contractual provisions related to such assets. Market participation assumptions are compared to the Company's experience and the results of the comparison are evaluated. For finite-lived intangible assets, the period over which the assets are expected to contribute directly to future cash flows is evaluated against the Company's historical experience. Impairment losses are recognized only if the carrying amount exceeds its fair value.
Investments, Short-term and Long-term	Investments, Short-term and Long-term Investments include certificates of deposits and government bonds. Long-term Investments are classified as held-to-maturity and are accounted for at amortized cost. The Company has both the intent and ability to hold the bonds to maturity. Certificates of deposit are accounted for at carrying value with no adjustments for changes in fair value. Premiums and discounts are amortized or accreted over the lives of the related fixed maturities as an adjustment to the yield using the effective interest method. Dividend and interest income are recognized when earned. Realized investment gains and losses are included in earnings .
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities The Company accounts for investments in less than 50% owned and more than 20% owned entities using the equity method of accounting. In accordance with ASC 323-30, the Company accounts for investments in limited partnerships and limited liability companies using the equity method of accounting when its investment is more than minimal. The Company's share of earnings (loss) of such entities is recorded as a single amount as equity (loss) in earnings of unconsolidated entities. Dividends, if any, are recorded as a reduction of the investment.
Funds Held As Collateral Assets	Funds Held as Collateral Assets Funds held as collateral assets consist principally of cash collateral received from principals to guarantee performance on surety bonds issued by the Company, as well as all other contractual obligations of the principals to the surety. The Company also holds long-term certificates of deposit as collateral.
Land Leases	Land Leases Most of the advertising structures are located on leased land. Land leases related to the structures are typically paid in advance for periods ranging from one to twelve months. The lease contracts include those with fixed payments and those with escalating payments. Some of the lease contracts contain a base rent payment plus an additional amount up to a particular percentage of revenue. Prepaid land leases are recorded as assets and expensed ratably over the related term and rent payments in arrears are recorded as an accrued liability. At December 31, 2016 and 2015, prepaid expenses include $176,800 and $17,654, respectively, in prepaid land leases.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates relate to anticipated salvage and subrogation, accrued losses and loss adjustment expenses, litigation contingencies, allocation of asset acquisition price between tangible and intangible assets, useful lives for depreciation and amortization, and the valuation of deferred tax assets and liabilities. Accordingly, actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition Billboard Rentals The Company generates revenue from outdoor advertising through the leasing of billboards. The terms of the operating leases range from less than one month to three years and are generally billed monthly. Revenue for advertising space rental is recognized on a straight-line basis over the term of the contract. Advertising revenue is reported net of agency commissions. Agency commissions are calculated based on a stated percentage applied to gross billing revenue for operations. Payments received in advance of being earned are recorded as deferred revenue. Advertising agency commissions for the years ended December 31, 2016 and 2015 were $80,356 and $6,007, respectively. Premiums and Unearned Premium Reserves Premiums written are recognized as revenues based on a pro-rata daily calculation over the respective terms of the policies in-force. Unearned premiums represent the portion of premiums written applicable to the unexpired term of the policies in force. The cost of reinsurance ceded is initially written as prepaid reinsurance premiums and is amortized over the reinsurance contract period in proportion to the amount of insurance protection provided. Premiums ceded are netted against premiums written. Commissions The Company generates revenue from commissions on surety bond sales. The insurance commissions are calculated based upon a stated percentage applied to the gross premiums on bonds. Payments received for gross premiums are held in escrow until the bond is written. Commissions are earned as of the policy effective date. At the time the bond is written funds are disbursed from escrow for the payment of the bond.
Losses and Loss Adjustment Expenses	Losses and Loss Adjustment Expenses Unpaid losses and loss adjustment expenses represent estimates for the ultimate cost of unpaid reported and unreported claims incurred and related expenses. Estimates for losses and loss adjustment expenses are based on past experience of investigating and adjusting claims and consideration of the level of premiums written during the current and prior year. Since the reserves are based on estimates, the ultimate liability may differ from the estimated reserve. The effects of changes in estimated reserves are included in the results of operations in the period in which the estimates are changed.
Segment Information	Segment Information The Company's current operations for the year ended December 31, 2016 and 2015 include the outdoor advertising industry and the insurance industry.
Earnings Per Share	Earnings Per Share Basic loss per common share is computed by dividing the net income (loss) available to common stockholders and Class A common stockholders by the weighted average number of common and Class A common shares outstanding during the year. Diluted earnings per share reflect the potential dilution of securities that could share in earnings of an entity. In a loss year, dilutive common equivalent shares are excluded from the loss per share calculation as the effect would be anti-dilutive. For the years ended December 31, 2016 and 2015, the Company had potentially dilutive securities in the form of stock warrants. However, such securities were excluded due to their anti-dilutive effect.
Income Taxes	Income Taxes Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the bases of certain assets and liabilities for financial and income tax reporting. Deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future federal income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to amounts expected to be realized.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs".) The ASUs not listed below were assessed and determined to be not applicable Revenue from Contracts with Customers In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases. Business Combinations In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805), In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The Company adopted this standard as of the beginning of 2016 and the adoption of this standard did not impact the Company's consolidated financial position, results of operations, or cash flows. Recent Accounting Pronouncements (continued) Statement of Cash Flows (Topic 230): Restricted Cash In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. Early adoption is permitted, including adoption in an interim period. If early adopted in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The amendments should be applied using a retrospective method to each period presented. The Company is currently reviewing the provisions of the new standard and assessing the impact of its adoption. Short-Duration Contracts In May 2015, the FASB issued ASU 2015-09, Financial Services Insurance (Topic 944): Disclosures about Short-Duration Contracts. The Company is classified as an Emerging Growth Company, as defined in the Jumpstart Our Business Startups Act ("JOBS" Act). As such, the Company is permitted to defer the adoption of new ASUs until the effective date for private companies, which is generally one year later than the effective date for public companies. The Company is currently reviewing the provisions of ASU 2015-09 and assessing the impact of its adoption in the coming year.

Note 3. Restricted Cash (Tables

Note 3. Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Restricted Cash and Cash Equivalents	December 31, 2016 2015 Insurance premium escrow $194,123 $- Billboard replacement reserve 84,970 - $279,093 $-

Note 4. Accounts Receivable (Ta

Note 4. Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Receivables	December 31, 2016 2015 Trade accounts, net $510,709 $276,750 Premiums 211,360 - Anticipated salvage and subrogation 60,997 - $783,066 $276,750

Note 5. Property and Equipment

Note 5. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Property, Plant and Equipment	December 31, 2016 2015 Structures and displays $6,261,516 $4,548,473 Vehicles and equipment 149,803 - Office furniture and equipment 175,073 2,633 Accumulated depreciation (1,008,712) (307,367) Total Property and Equipment, net $5,577,680 $4,243,739

Note 6. Business Acquisitions (

Note 6. Business Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Tables/Schedules
Schedule of Allocation of the Purchase Price	The following tables present the 2016 business acquisitions, amortization of finite-lived intangible assets, revenues and earnings included in consolidated net loss for the year ended December 31, 2016, and the costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016. Billboards Jag Rose City Kelley Subtotal Assets Acquired Property and Equipment: Structures and displays $562,300 $230,000 $733,500 $1,525,800 Vehicles, tools, and eqipment 140,435 - - 140,435 Office furniture and equipment - - - - Total Property and Equipment 702,735 230,000 733,500 1,666,235 Intangible assets: Customer relationships 1,425,000 - 215,000 1,640,000 Permits, licenses,and lease acquisition costs 695,000 26,100 38,000 759,100 Easements 110,000 - - 110,000 Noncompetition agreement - - - - Trade names and trademarks - - - - Technology - - - - Goodwill 3,915,171 31,220 1,013,500 4,959,891 Total Intangible Assets 6,145,171 57,320 1,266,500 7,468,991 Other assets: Cash - - - - Accounts receivable 106,340 - 21,885 128,225 Investments, short-term - - - - Prepaid expense - - - - Deferred policy acquisition costs - - - - Funds held as collateral assets - - - - Investments, long-term - - - - Other noncurrent assets - - - - Total Other Assets 106,340 - 21,885 128,225 Total Assets Acquired 6,954,246 287,320 2,021,885 9,263,451 Liabilities Assumed - - - - Total $6,954,246 $287,320 $2,021,885 $9,263,451 Insurance TWA UC&S Subtotal Total Assets Acquired Property and Equipment: Structures and displays $- $- $- $1,525,800 Vehicles, tools, and eqipment - - - 140,435 Office furniture and equipment 20,325 9,548 29,873 29,873 Total Property and Equipment 20,325 9,548 29,873 1,696,108 Intangible assets: Customer relationships 248,000 - 248,000 1,888,000 Permits, licenses,and lease acquisition costs - 450,000 450,000 1,209,100 Easements - - - 110,000 Noncompetition agreement 75,000 - 75,000 75,000 Trade names and trademarks 55,000 - 55,000 55,000 Technology 138,000 - 138,000 138,000 Goodwill 717,679 7,158,648 7,876,327 12,836,218 Total Intangible Assets 1,233,679 7,608,648 8,842,327 16,311,318 Other assets: Cash 80,000 3,631,626 3,711,626 3,711,626 Accounts receivable - 416,611 416,611 544,836 Investments, short-term - 1,003,196 1,003,196 1,003,196 Prepaid expense 10,996 99,153 110,149 110,149 Deferred policy acquisition costs - 276,556 276,556 276,556 Funds held as collateral assets - 1,642,026 1,642,026 1,642,026 Investments, long-term - 1,486,320 1,486,320 1,486,320 Other noncurrent assets - 4,864 4,864 4,864 Total Other Assets 90,996 8,560,352 8,651,348 8,779,573 Total Assets Acquired 1,345,000 16,178,548 17,523,548 26,786,999 Liabilities Assumed - (3,178,548) (3,178,548) (3,178,548) Total $1,345,000 $13,000,000 $14,345,000 $23,608,451 Liabilities assumed in connection with the UC&S acquisition are as follows: Accounts payable and accrued expenses $107,850 Unearned premiums 1,189,672 Federal income taxes payable 110,000 Funds held as collateral 1,642,026 Deferred tax liability 129,000 Total Liabilities Assumed $3,178,548
Schedule of Amortization of Intangible Assets	Billboards Jag Rose City Kelley Subtotal Amortization of intangible assets acquired during the year endedDecember 31, 2016 $415,044 $2,175 $44,018 $461,237 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $1,461,633 $21,950 $205,670 $1,689,253 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $(175,794) $ (2,160) $ 43,505 $ (134,449) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016 $92,561 $- $46,939 $139,500 Insurance TWA UC&S Subtotal Total Amortization of intangible assets acquired during the year ended December 31, 2016 $114,111 $1,500 $115,611 $576,848 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $507,477 $171,564 $679,041 $2,368,294 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2016 $(60,530) $(12,800) $(73,330) $(207,779) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2016 $21,253 $131,621 $152,874 $292,374
Schedule of Prior Acquisitions		The following tables present the 2015 business acquisitions, amortization of finite-lived intangible assets, revenues and earnings included in consolidated net loss for the year ended December 31, 2015, and the costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2015. Billboards Bell Fair I-85 Total Assets Acquired Property and Equipment: Structures and displays $3,468,700 $370,000 $587,500 $4,426,200 Intangible Assets: Customer relationships 170,000 536,300 - 706,300 Permits, licenses and lease acquisition costs 200,000 52,200 52,200 304,400 Easement - - 11,000 11,000 Noncompetition and non-solicitation agreements 98,000 - - 98,000 Goodwill 2,747,904 986,561 644,200 4,378,665 Total Intangible Assets 3,215,904 1,575,061 707,400 5,498,365 Total Assets Acquired $6,684,604 $1,945,061 $1,294,900 $9,924,565 Amortization of intangible assets acquired during the year ended December 31, 2015 $72,042 $76,654 $1,740 $150,436 Revenues since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2015 $597,309 $85,853 $30,050 $713,212 Earnings since the acquisition date included in the consolidated statement of operations for the year ended December 31, 2015 $(284,773) $(32,857) $14,061 $(303,569) Costs of acquisition included in professional fees on the Company's consolidated statement of operations for the year ended December 31, 2015 $130,456 $55,788 $55,297 $241,541
Pro Forma Information Assuming Acquisitions Effective 1/1/2015	Years Ended December 31, 2016 2015 Revenue $6,880,070 $6,947,351 Net Income (Loss) $(2,727,032) $(978,770) Basic and Diluted Earnings (Loss) per Share $(0.45) $(0.66) Basic and Diluted Weighted Average Class A and Common Shares Outstanding 6,043,571 1,481,310

Note 7. Intangible Assets (Tabl

Note 7. Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Intangible Assets	Intangible assets consist of the following: December 31, 2016 December 31, 2015 Accumulated Accumulated Cost Amortization Balance Cost Amortization Balance Customer relationships $2,594,300 $(876,976) $1,717,324 $706,300 $(120,520) $585,780 Permits, licenses, and lease acquistion costs 1,513,500 (70,330) 1,443,170 304,400 (14,748) 289,652 Noncompete agreements 145,000 (31,583) 113,417 70,000 (7,583) 62,417 Trade names and trademarks 55,000 (18,333) 36,667 - - - Technology 138,000 (30,667) 107,333 - - - Non-solicitation agreement 28,000 (21,583) 6,417 28,000 (7,584) 20,416 Easements 121,000 - 121,000 11,000 - 11,000 4,594,800 (1,049,472) 3,545,328 1,119,700 (150,435) 969,265
Schedule of Future Amortization, Intangible Assets Acquired in Acquisitions	The future amortization associated with the intangible assets is as follows: December 31, 2017 2018 2019 2020 2021 Thereafter Total Customer relationships $846,986 $733,603 $136,735 $- $- $- $1,717,324 Permits, licenses and lease acquisition costs 77,950 77,950 77,950 77,950 77,950 1,053,420 1,443,170 Noncompete agreements 29,000 29,000 29,000 21,417 5,000 - 113,417 Trade names and trademarks 27,500 9,167 - - - - 36,667 Technology 46,000 46,000 15,333 - - - 107,333 Nonsolicitation agreement 6,417 - - - - - 6,417 $1,033,853 $895,720 $259,018 $99,367 $82,950 $1,053,420 $3,424,328 The weighted average amortization period, in months, for intangible assets is as follows: Customer relationships 23 Permits, licenses, and lease acquisition costs 222 Non-compete agreements 47 Trade names and trademarks 16 Technology 28 Nonsolicitation agreement 6

Note 8. Investments, Includin28

Note 8. Investments, Including Investments Accounted For Using The Equity Method (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Long-Term Investments	2016 2015 U.S. Treasury securities $810,319 $- Certificates of deposit 374,879 - $1,185,198 $-
Reconciliation of the Company's Investments in Equity Affiliates as Presented on the Consolidated Balance Sheets	The following table is a reconciliation of the Company's investments in equity affiliates as presented in investments on the consolidated balance sheet: 2016 2015 Beginning of year $657,528 $47,263 Additional investments in unconsolidated affiliates 258,166 670,232 Distributions received (16,515) (32,000) Sale of investment in unconsolidated affiliate - (31,780) Equity in net income (loss) of unconsolidated affiliates (27,261) 3,813 End of year $871,918 $657,528

Note 10. Notes Payable, Stock29

Note 10. Notes Payable, Stockholders (Tables)	12 Months Ended
	Dec. 31, 2016
StockholdersMember
Schedule of Notes Payable	Notes payable stockholders consist of the following: December 31, 2016 2015 Note payable to a limited liability company, bearing interest at 5% per annum, unsecured, prinicpal and interest due February 12, 2016 $- $50,000 Note payable to a limited partnership, bearing interest at 5% per annum, unsecured, principal and interest due February 12, 2016 - 50,000 $- $100,000

Note 12. Income Tax Benefit (Ta

Note 12. Income Tax Benefit (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Components of Income Tax (Provision) Benefit	The components of the income tax (provision) benefit for the years ended December 31, were as follows: December 31, 2016 2015 Current tax benefit: Federal $1,142,968 $443,173 State 131,774 37,936 Total 1,274,742 481,109 Deferred tax benefit (expense): Federal (73,928) (88,719) State (13,955) (16,914) Total (87,883) (105,633) Total Income Tax Benefit Before Valuation Allowance 1,186,859 375,476 Valuation allowance (1,186,859) (375,476) Total Income Tax Benefit ~ ~ Deferred tax assets: Net operating loss carryforward $1,554,785 $367,926 Less valuation allowance (1,554,785) (367,926) $- $-
Schedule of Reconciliation of the Provision (Benefit) for Income Taxes	The reconciliation of the provision (benefit) for income taxes computed at the U.S. federal and state tax rates to the Company's effective tax rate for the years ended December 31, 2016 and 2015 is as follows: December 31, 2016 2015 Federal provision (benefit) at statutory rates (34.00)% (35.00)% Change in valuation allowance 34.00% 35.00% 0.00% 0.00%

Note 14. Industry Segments (Tab

Note 14. Industry Segments (Tables)	12 Months Ended
	Dec. 31, 2016
Tables/Schedules
Schedule of Segment Reporting Information, by Segment	Total Year Ended December 31, 2016 GIG LMH Unallocated Consolidated Revenue $679,983 $3,163,534 $- $3,843,517 Segment loss from operations (558,686) (1,148,120) (1,466,569) (3,173,375) Capital expenditures 8,872,200 9,846,200 - 18,718,400 Depreciation and amortization 120,537 1,516,604 - 1,637,141 Total Year Ended December 31, 2015 GIG LMH Unallocated Consolidated Revenue $- $713,212 $9,700 $722,912 Segment loss from operations (68,417) (380,137) (598,869) (1,047,423) Capital expenditures - 10,049,470 - 10,049,470 Depreciation and amortization 132 457,671 - 457,803 Total December 31, 2016 GIG LMH Unallocated Consolidated Goodwill $7,876,327 $9,338,556 $- $17,214,883 Total assets 18,926,924 21,934,616 24,790,690 65,652,230 Total December 31, 2015 GIG LMH Unallocated Consolidated Goodwill $- $4,378,664 $- $4,378,664 Total assets 91,077 10,066,711 13,627,708 23,785,496

Note 2. Summary of Significan32

Note 2. Summary of Significant Accounting Policies: Consolidation Policy (Details)	Feb. 06, 2015
AnandaHoldingsLlcMember
Ownership Percentage by Parent	40.00%

Note 2. Summary of Significan33

Note 2. Summary of Significant Accounting Policies: Concentrations (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Supplier Concentration Risk | ProfessionalServicesMember
Concentration Risk, Percentage	65.00%	45.00%

Note 2. Summary of Significan34

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details)	Dec. 31, 2016USD ($)
Details
Cash, Uninsured Amount	$ 27,000,000

Note 2. Summary of Significan35

Note 2. Summary of Significant Accounting Policies: Accounts Receivable (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Details
Allowance for Doubtful Accounts Receivable, Current	$ 25,177	$ 2,111

Note 2. Summary of Significan36

Note 2. Summary of Significant Accounting Policies: Deferred Policy Acquisition Costs (Details)	Dec. 31, 2016USD ($)
Details
Prepaid Insurance	$ 238,235

Note 2. Summary of Significan37

Note 2. Summary of Significant Accounting Policies: Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
Structures
Property, Plant and Equipment, Useful Life	15 years
Digital displays and electrical | Minimum
Property, Plant and Equipment, Useful Life	3 years
Digital displays and electrical | Maximum
Property, Plant and Equipment, Useful Life	10 years
Static and tri-vision displays | Minimum
Property, Plant and Equipment, Useful Life	7 years
Static and tri-vision displays | Maximum
Property, Plant and Equipment, Useful Life	15 years
Vehicles, Equipment and Furniture | Minimum
Property, Plant and Equipment, Useful Life	2 years
Vehicles, Equipment and Furniture | Maximum
Property, Plant and Equipment, Useful Life	5 years

Note 2. Summary of Significan38

Note 2. Summary of Significant Accounting Policies: Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Goodwill, Impairment Loss	$ 0	$ 0

Note 2. Summary of Significan39

Note 2. Summary of Significant Accounting Policies: Purchased Intangibles and Other Long-lived Assets (Details)	12 Months Ended
	Dec. 31, 2016
Customer Relationships | Minimum
Finite-Lived Intangible Asset, Useful Life	2 years
Customer Relationships | Maximum
Finite-Lived Intangible Asset, Useful Life	3 years
Permits, Licenses, and Lease Acquisition Costs | Minimum
Finite-Lived Intangible Asset, Useful Life	10 years
Permits, Licenses, and Lease Acquisition Costs | Maximum
Finite-Lived Intangible Asset, Useful Life	50 years
Noncompetition and Non-solicitation Agreements | Minimum
Finite-Lived Intangible Asset, Useful Life	2 years
Noncompetition and Non-solicitation Agreements | Maximum
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks and Trade Names | Minimum
Finite-Lived Intangible Asset, Useful Life	2 years
Trademarks and Trade Names | Maximum
Finite-Lived Intangible Asset, Useful Life	3 years

Note 2. Summary of Significan40

Note 2. Summary of Significant Accounting Policies: Revenue Recognition (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Advertising agency commissions	$ 80,356	$ 6,007

Note 3. Restricted Cash_ Schedu

Note 3. Restricted Cash: Schedule of Restricted Cash and Cash Equivalents (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Restricted cash	$ 279,093	$ 0
Insurance premium escrow
Restricted cash	194,123	0
Billboard replacement reserve
Restricted cash	$ 84,970	$ 0

Note 3. Restricted Cash (Detail

Note 3. Restricted Cash (Details)	Dec. 31, 2016USD ($)
Details
Deposit on business acquisition	$ 2,950,000

Note 4. Accounts Receivable_ Sc

Note 4. Accounts Receivable: Schedule of Receivables (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts receivable, net	$ 783,066	$ 276,750
Trade accounts, net
Accounts receivable, net	510,709	276,750
Premiums
Accounts receivable, net	211,360	0
Anticipated salvage and subrogation
Accounts receivable, net	$ 60,997	$ 0

Note 5. Property and Equipment_

Note 5. Property and Equipment: Schedule of Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ (1,008,712)	$ (307,367)
Property and Equipment, net	5,577,680	4,243,739
Structures and displays
Property, Plant and Equipment, Gross	6,261,516	4,548,473
Vehicles, Tools and Equipment
Property, Plant and Equipment, Gross	149,803	0
Office Furniture and Equipment
Property, Plant and Equipment, Gross	$ 175,073	$ 2,633

Note 6. Business Acquisitions45

Note 6. Business Acquisitions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Jag, Inc.
Payments to Acquire Businesses, Gross	$ 6,954,246
BellMediaLlcAssetPurchaseAgreementMember
Total Assets Acquired	687,500
Deferred payment until approvals for LMA to assume certain land leases were obtained		$ 300,000
Rose City Outdoor
Payments to Acquire Businesses, Gross	287,320
Kelley Outdoor Media LLC
Payments to Acquire Businesses, Gross	2,021,885
Warnock Agency
Payments to Acquire Businesses, Gross	1,345,000
Business Combination, Contingent Consideration, Liability, Noncurrent	126,500
United Casualty and Surety Insurance Company
Payments to Acquire Businesses, Gross	$ 13,000,000
Bell Media
Payments to Acquire Businesses, Gross		6,684,604
Total Assets Acquired		6,684,604
Fair Outdoor
Payments to Acquire Businesses, Gross		1,945,061
Total Assets Acquired		1,945,061
I-85 Advertising
Payments to Acquire Businesses, Gross		1,294,900
Total Assets Acquired		$ 1,294,900

Note 6. Business Acquisitions_

Note 6. Business Acquisitions: Schedule of Allocation of the Purchase Price (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Liabilities Assumed	$ 3,178,548
Liabilities Assumed	(3,178,548)
Accounts payable and accrued expenses
Liabilities Assumed	107,850
Liabilities Assumed	(107,850)
Unearned premiums
Liabilities Assumed	1,189,672
Liabilities Assumed	(1,189,672)
Federal income taxes payable
Liabilities Assumed	110,000
Liabilities Assumed	(110,000)
Funds held as collateral
Liabilities Assumed	1,642,026
Liabilities Assumed	(1,642,026)
Deferred tax liability
Liabilities Assumed	129,000
Liabilities Assumed	(129,000)
Jag, Inc.
Property and Equipment Assets Acquired	702,735
Intangible Assets Acquired	6,145,171
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	106,340
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	6,954,246
Liabilities Assumed	0
Liabilities Assumed	0
Jag, Inc. | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	106,340
Jag, Inc. | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Jag, Inc. | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	0
Jag, Inc. | Customer Relationships
Intangible Assets Acquired	1,425,000
Jag, Inc. | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	695,000
Jag, Inc. | Easements
Intangible Assets Acquired	110,000
Jag, Inc. | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	0
Jag, Inc. | Trademarks and Trade Names
Intangible Assets Acquired	0
Jag, Inc. | Technology
Intangible Assets Acquired	0
Jag, Inc. | Goodwill
Intangible Assets Acquired	3,915,171
Jag, Inc. | Structures and displays
Property and Equipment Assets Acquired	562,300
Jag, Inc. | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	140,435
Jag, Inc. | Office Furniture and Equipment
Property and Equipment Assets Acquired	0
Rose City Outdoor
Property and Equipment Assets Acquired	230,000
Intangible Assets Acquired	57,320
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	287,320
Liabilities Assumed	0
Liabilities Assumed	0
Rose City Outdoor | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Rose City Outdoor | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	0
Rose City Outdoor | Customer Relationships
Intangible Assets Acquired	0
Rose City Outdoor | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	26,100
Rose City Outdoor | Easements
Intangible Assets Acquired	0
Rose City Outdoor | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	0
Rose City Outdoor | Trademarks and Trade Names
Intangible Assets Acquired	0
Rose City Outdoor | Technology
Intangible Assets Acquired	0
Rose City Outdoor | Goodwill
Intangible Assets Acquired	31,220
Rose City Outdoor | Structures and displays
Property and Equipment Assets Acquired	230,000
Rose City Outdoor | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	0
Rose City Outdoor | Office Furniture and Equipment
Property and Equipment Assets Acquired	0
Kelley Outdoor Media LLC
Property and Equipment Assets Acquired	733,500
Intangible Assets Acquired	1,266,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	21,885
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	2,021,885
Liabilities Assumed	0
Liabilities Assumed	0
Kelley Outdoor Media LLC | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	21,885
Kelley Outdoor Media LLC | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Kelley Outdoor Media LLC | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	0
Kelley Outdoor Media LLC | Customer Relationships
Intangible Assets Acquired	215,000
Kelley Outdoor Media LLC | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	38,000
Kelley Outdoor Media LLC | Easements
Intangible Assets Acquired	0
Kelley Outdoor Media LLC | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	0
Kelley Outdoor Media LLC | Trademarks and Trade Names
Intangible Assets Acquired	0
Kelley Outdoor Media LLC | Technology
Intangible Assets Acquired	0
Kelley Outdoor Media LLC | Goodwill
Intangible Assets Acquired	1,013,500
Kelley Outdoor Media LLC | Structures and displays
Property and Equipment Assets Acquired	733,500
Kelley Outdoor Media LLC | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	0
Kelley Outdoor Media LLC | Office Furniture and Equipment
Property and Equipment Assets Acquired	0
Billborads Total 2016
Property and Equipment Assets Acquired	1,666,235
Intangible Assets Acquired	7,468,991
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	128,225
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	9,263,451
Liabilities Assumed	0
Liabilities Assumed	0
Billborads Total 2016 | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	128,225
Billborads Total 2016 | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
Billborads Total 2016 | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	0
Billborads Total 2016 | Customer Relationships
Intangible Assets Acquired	1,640,000
Billborads Total 2016 | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	759,100
Billborads Total 2016 | Easements
Intangible Assets Acquired	110,000
Billborads Total 2016 | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	0
Billborads Total 2016 | Trademarks and Trade Names
Intangible Assets Acquired	0
Billborads Total 2016 | Technology
Intangible Assets Acquired	0
Billborads Total 2016 | Goodwill
Intangible Assets Acquired	4,959,891
Billborads Total 2016 | Structures and displays
Property and Equipment Assets Acquired	1,525,800
Billborads Total 2016 | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	140,435
Billborads Total 2016 | Office Furniture and Equipment
Property and Equipment Assets Acquired	0
The Warnock Agency
Property and Equipment Assets Acquired	20,325
Intangible Assets Acquired	1,233,679
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	90,996
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	1,345,000
Liabilities Assumed	0
Liabilities Assumed	0
The Warnock Agency | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	80,000
The Warnock Agency | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
The Warnock Agency | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
The Warnock Agency | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	10,996
The Warnock Agency | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
The Warnock Agency | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
The Warnock Agency | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	0
The Warnock Agency | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	0
The Warnock Agency | Customer Relationships
Intangible Assets Acquired	248,000
The Warnock Agency | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	0
The Warnock Agency | Easements
Intangible Assets Acquired	0
The Warnock Agency | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	75,000
The Warnock Agency | Trademarks and Trade Names
Intangible Assets Acquired	55,000
The Warnock Agency | Technology
Intangible Assets Acquired	138,000
The Warnock Agency | Goodwill
Intangible Assets Acquired	717,679
The Warnock Agency | Structures and displays
Property and Equipment Assets Acquired	0
The Warnock Agency | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	0
The Warnock Agency | Office Furniture and Equipment
Property and Equipment Assets Acquired	20,325
United Casualty and Surety Insurance Company
Property and Equipment Assets Acquired	9,548
Intangible Assets Acquired	7,608,648
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	8,560,352
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	16,178,548
Liabilities Assumed	3,178,548
Liabilities Assumed	(3,178,548)
United Casualty and Surety Insurance Company | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	3,631,626
United Casualty and Surety Insurance Company | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	416,611
United Casualty and Surety Insurance Company | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,003,196
United Casualty and Surety Insurance Company | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	99,153
United Casualty and Surety Insurance Company | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	276,556
United Casualty and Surety Insurance Company | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,642,026
United Casualty and Surety Insurance Company | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,486,320
United Casualty and Surety Insurance Company | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	4,864
United Casualty and Surety Insurance Company | Customer Relationships
Intangible Assets Acquired	0
United Casualty and Surety Insurance Company | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	450,000
United Casualty and Surety Insurance Company | Easements
Intangible Assets Acquired	0
United Casualty and Surety Insurance Company | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	0
United Casualty and Surety Insurance Company | Trademarks and Trade Names
Intangible Assets Acquired	0
United Casualty and Surety Insurance Company | Technology
Intangible Assets Acquired	0
United Casualty and Surety Insurance Company | Goodwill
Intangible Assets Acquired	7,158,648
United Casualty and Surety Insurance Company | Structures and displays
Property and Equipment Assets Acquired	0
United Casualty and Surety Insurance Company | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	0
United Casualty and Surety Insurance Company | Office Furniture and Equipment
Property and Equipment Assets Acquired	9,548
Insurance Total 2016
Property and Equipment Assets Acquired	29,873
Intangible Assets Acquired	8,842,327
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	8,651,348
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	17,523,548
Liabilities Assumed	3,178,548
Liabilities Assumed	(3,178,548)
Insurance Total 2016 | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	3,711,626
Insurance Total 2016 | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	416,611
Insurance Total 2016 | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,003,196
Insurance Total 2016 | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	110,149
Insurance Total 2016 | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	276,556
Insurance Total 2016 | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,642,026
Insurance Total 2016 | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,486,320
Insurance Total 2016 | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	4,864
Insurance Total 2016 | Customer Relationships
Intangible Assets Acquired	248,000
Insurance Total 2016 | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	450,000
Insurance Total 2016 | Easements
Intangible Assets Acquired	0
Insurance Total 2016 | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	75,000
Insurance Total 2016 | Trademarks and Trade Names
Intangible Assets Acquired	55,000
Insurance Total 2016 | Technology
Intangible Assets Acquired	138,000
Insurance Total 2016 | Goodwill
Intangible Assets Acquired	7,876,327
Insurance Total 2016 | Structures and displays
Property and Equipment Assets Acquired	0
Insurance Total 2016 | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	0
Insurance Total 2016 | Office Furniture and Equipment
Property and Equipment Assets Acquired	29,873
Total 2,016
Property and Equipment Assets Acquired	1,696,108
Intangible Assets Acquired	16,311,318
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	8,779,573
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	26,786,999
Liabilities Assumed	3,178,548
Liabilities Assumed	(3,178,548)
Total 2016 | Cash
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	3,711,626
Total 2016 | Accounts receivable
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	544,836
Total 2016 | Investments, short-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,003,196
Total 2016 | Prepaid expense
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	110,149
Total 2016 | Deferred policy acquisition costs
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	276,556
Total 2016 | Funds held as collateral assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,642,026
Total 2016 | Investments, long-term
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets	1,486,320
Total 2016 | Other noncurrent assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	4,864
Total 2016 | Customer Relationships
Intangible Assets Acquired	1,888,000
Total 2016 | Permits, Licenses, and Lease Acquisition Costs
Intangible Assets Acquired	1,209,100
Total 2016 | Easements
Intangible Assets Acquired	110,000
Total 2016 | Noncompetition and Non-solicitation Agreements
Intangible Assets Acquired	75,000
Total 2016 | Trademarks and Trade Names
Intangible Assets Acquired	55,000
Total 2016 | Technology
Intangible Assets Acquired	138,000
Total 2016 | Goodwill
Intangible Assets Acquired	12,836,218
Total 2016 | Structures and displays
Property and Equipment Assets Acquired	1,525,800
Total 2016 | Vehicles, Equipment and Furniture
Property and Equipment Assets Acquired	140,435
Total 2016 | Office Furniture and Equipment
Property and Equipment Assets Acquired	$ 29,873

Note 6. Business Acquisitions47

Note 6. Business Acquisitions: Schedule of Amortization of Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Jag, Inc.
Amortization of intangible assets acquired	$ 415,044
Revenues since the acquisition date included in the consolidated statement of operations	1,461,633
Earnings since the acquisition date included in the consolidated statement of operations	(175,794)
Business Acquisition, Transaction Costs	92,561
Rose City Outdoor
Amortization of intangible assets acquired	2,175
Revenues since the acquisition date included in the consolidated statement of operations	21,950
Earnings since the acquisition date included in the consolidated statement of operations	(2,160)
Business Acquisition, Transaction Costs	0
Kelley Outdoor Media LLC
Amortization of intangible assets acquired	44,018
Revenues since the acquisition date included in the consolidated statement of operations	205,670
Earnings since the acquisition date included in the consolidated statement of operations	43,505
Business Acquisition, Transaction Costs	46,939
Billborads Total 2016
Amortization of intangible assets acquired	461,237
Revenues since the acquisition date included in the consolidated statement of operations	1,689,253
Earnings since the acquisition date included in the consolidated statement of operations	(134,449)
Business Acquisition, Transaction Costs	139,500
The Warnock Agency
Amortization of intangible assets acquired	114,111
Revenues since the acquisition date included in the consolidated statement of operations	507,477
Earnings since the acquisition date included in the consolidated statement of operations	(60,530)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	21,253
United Casualty and Surety Insurance Company
Amortization of intangible assets acquired	1,500
Revenues since the acquisition date included in the consolidated statement of operations	171,564
Earnings since the acquisition date included in the consolidated statement of operations	(12,800)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	131,621
Insurance Total 2016
Amortization of intangible assets acquired	115,611
Revenues since the acquisition date included in the consolidated statement of operations	679,041
Earnings since the acquisition date included in the consolidated statement of operations	(73,330)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	152,874
Total 2,016
Amortization of intangible assets acquired	576,848
Revenues since the acquisition date included in the consolidated statement of operations	2,368,294
Earnings since the acquisition date included in the consolidated statement of operations	(207,779)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	$ 292,374

Note 6. Business Acquisitions48

Note 6. Business Acquisitions: Schedule of Prior Acquisitions (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Bell Media
Intangible Assets Acquired	$ 3,215,904
Total Assets Acquired	6,684,604
Amortization of intangible assets acquired	72,042
Revenues since the acquisition date included in the consolidated statement of operations	597,309
Earnings since the acquisition date included in the consolidated statement of operations	(284,773)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	130,456
Bell Media | Customer Relationships
Intangible Assets Acquired	170,000
Bell Media | Permits
Intangible Assets Acquired	200,000
Bell Media | Easements
Intangible Assets Acquired	0
Bell Media | Noncompetition Agreements
Intangible Assets Acquired	98,000
Bell Media | Goodwill
Intangible Assets Acquired	2,747,904
Bell Media | Structures and displays
Property and Equipment Assets Acquired	3,468,700
Fair Outdoor
Intangible Assets Acquired	1,575,061
Total Assets Acquired	1,945,061
Amortization of intangible assets acquired	76,654
Revenues since the acquisition date included in the consolidated statement of operations	85,853
Earnings since the acquisition date included in the consolidated statement of operations	(32,857)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	55,788
Fair Outdoor | Customer Relationships
Intangible Assets Acquired	536,300
Fair Outdoor | Permits
Intangible Assets Acquired	52,200
Fair Outdoor | Easements
Intangible Assets Acquired	0
Fair Outdoor | Noncompetition Agreements
Intangible Assets Acquired	0
Fair Outdoor | Goodwill
Intangible Assets Acquired	986,561
Fair Outdoor | Structures and displays
Property and Equipment Assets Acquired	370,000
I-85 Advertising
Intangible Assets Acquired	707,400
Total Assets Acquired	1,294,900
Amortization of intangible assets acquired	1,740
Revenues since the acquisition date included in the consolidated statement of operations	30,050
Earnings since the acquisition date included in the consolidated statement of operations	14,061
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	55,297
I-85 Advertising | Customer Relationships
Intangible Assets Acquired	0
I-85 Advertising | Permits
Intangible Assets Acquired	52,200
I-85 Advertising | Easements
Intangible Assets Acquired	11,000
I-85 Advertising | Noncompetition Agreements
Intangible Assets Acquired	0
I-85 Advertising | Goodwill
Intangible Assets Acquired	644,200
I-85 Advertising | Structures and displays
Property and Equipment Assets Acquired	587,500
Billborads Total 2015
Intangible Assets Acquired	5,498,365
Total Assets Acquired	9,924,565
Amortization of intangible assets acquired	150,436
Revenues since the acquisition date included in the consolidated statement of operations	713,212
Earnings since the acquisition date included in the consolidated statement of operations	(303,569)
Costs of acquisition included in professional fees on the Company's consolidated statement of operations	241,541
Billborads Total 2015 | Customer Relationships
Intangible Assets Acquired	706,300
Billborads Total 2015 | Permits
Intangible Assets Acquired	304,400
Billborads Total 2015 | Easements
Intangible Assets Acquired	11,000
Billborads Total 2015 | Noncompetition Agreements
Intangible Assets Acquired	98,000
Billborads Total 2015 | Goodwill
Intangible Assets Acquired	4,378,665
Billborads Total 2015 | Structures and displays
Property and Equipment Assets Acquired	$ 4,426,200

Note 6. Business Acquisitions49

Note 6. Business Acquisitions: Pro Forma Information Assuming Acquisitions Effective 1/1/2015 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Basic and Diluted Weighted Average Shares Outstanding	6,043,571	1,481,310
Pro Forma
Revenue	$ 6,880,070	$ 6,947,351
Net (Loss) Income	$ (2,727,032)	$ (978,770)
Basic and Diluted (Loss) Earnings per Share	$ (0.45)	$ (0.66)
Basic and Diluted Weighted Average Shares Outstanding	6,043,571	1,481,310

Note 7. Intangible Assets_ Sche

Note 7. Intangible Assets: Schedule of Intangible Assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Cost	$ 4,594,800	$ 1,119,700
Accumulated Amortization	(1,049,472)	(150,435)
Balance	3,545,328	969,265
Customer Relationships
Cost	2,594,300	706,300
Accumulated Amortization	(876,976)	(120,520)
Balance	1,717,324	585,780
Permits, Licenses, and Lease Acquisition Costs
Cost	1,513,500	304,400
Accumulated Amortization	(70,330)	(14,748)
Balance	1,443,170	289,652
Noncompetition Agreements
Cost	145,000	70,000
Accumulated Amortization	(31,583)	(7,583)
Balance	113,417	62,417
Trademarks and Trade Names
Cost	55,000	0
Accumulated Amortization	(18,333)	0
Balance	36,667	0
Technology
Cost	138,000	0
Accumulated Amortization	(30,667)	0
Balance	107,333	0
Non-solicitation Agreements
Cost	28,000	28,000
Accumulated Amortization	(21,583)	(7,584)
Balance	6,417	20,416
Easements
Cost	121,000	11,000
Accumulated Amortization	0	0
Balance	$ 121,000	$ 11,000

Note 7. Intangible Assets_ Sc51

Note 7. Intangible Assets: Schedule of Future Amortization, Intangible Assets Acquired in Acquisitions (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
2,016	$ 1,033,853
2,017	895,720
2,018	259,018
2,019	99,367
2,020	82,950
Thereafter	1,053,420
Total	3,424,328
Customer Relationships
2,016	846,986
2,017	733,603
2,018	136,735
2,019	0
2,020	0
Thereafter	0
Total	$ 1,717,324
Intangible Assets, Weighted Average Useful Life	23 months
Permits, Licenses, and Lease Acquisition Costs
2,016	$ 77,950
2,017	77,950
2,018	77,950
2,019	77,950
2,020	77,950
Thereafter	1,053,420
Total	$ 1,443,170
Intangible Assets, Weighted Average Useful Life	222 months
Noncompetition Agreements
2,016	$ 29,000
2,017	29,000
2,018	29,000
2,019	21,417
2,020	5,000
Thereafter	0
Total	$ 113,417
Intangible Assets, Weighted Average Useful Life	47 months
Trademarks and Trade Names
2,016	$ 27,500
2,017	9,167
2,018	0
2,019	0
2,020	0
Thereafter	0
Total	$ 36,667
Intangible Assets, Weighted Average Useful Life	16 months
Technology
2,016	$ 46,000
2,017	46,000
2,018	15,333
2,019	0
2,020	0
Thereafter	0
Total	$ 107,333
Intangible Assets, Weighted Average Useful Life	28 months
Non-solicitation Agreements
2,016	$ 6,417
2,017	0
2,018	0
2,019	0
2,020	0
Thereafter	0
Total	$ 6,417
Intangible Assets, Weighted Average Useful Life	6 months

Note 8. Investments, Includin52

Note 8. Investments, Including Investments Accounted For Using The Equity Method: Schedule of Long-Term Investments (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investment Owned, at Fair Value	$ 1,185,198	$ 0
U.S. Treasury securities
Investment Owned, at Fair Value	810,319	0
Certificates of deposit
Investment Owned, at Fair Value	$ 374,879	$ 0

Note 8. Investments, Includin53

Note 8. Investments, Including Investments Accounted For Using The Equity Method (Details)	Dec. 31, 2016USD ($)
Unconsolidated Affiliates | Board of directors
Equity Method Investments	$ 325,475
Unconsolidated Affiliates | Minimum
Equity Method Investment, Ownership Percentage	7.15%
Unconsolidated Affiliates | Maximum
Equity Method Investment, Ownership Percentage	30.00%
BreezewayHomesIncMember
Financing Receivable, Net	$ 100,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Financing Receivable, Gross	$ 100,896

Note 8. Investments, Includin54

Note 8. Investments, Including Investments Accounted For Using The Equity Method: Reconciliation of the Company's Investments in Equity Affiliates as Presented on the Consolidated Balance Sheets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Beginning of year	$ 657,528	$ 47,263
Additional investments in unconsolidated affiliates	258,166	670,232
Distributions received	(16,515)	(32,000)
Sale of investment in unconsolidated affiliate	0	(31,780)
Equity in net income (loss) of unconsolidated affiliates	(27,261)	3,813
End of period	$ 871,918	$ 657,528

Note 9. Note Payable, Former 55

Note 9. Note Payable, Former Stockholder (Details) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015
Payments on notes payable to stockholders			$ 3,500
Note payable and accrued interest exchanged for investment in unconsolidated affiliate			109,930
FormerControllingStockholderMember
Payments on notes payable to stockholders	$ 32,000
Long-term Debt, Gross	$ 103,494
FormerControllingStockholderMember | PrincipalMember
Note payable and accrued interest exchanged for investment in unconsolidated affiliate			103,494
FormerControllingStockholderMember | InterestMember
Note payable and accrued interest exchanged for investment in unconsolidated affiliate			$ 6,436
FormerStockholderMember
Debt Instrument, Face Amount		$ 135,494
Debt Instrument, Interest Rate, Stated Percentage		5.76%
Debt Instrument, Maturity Date		Feb. 12, 2016
Debt Instrument, Collateral		secured by the Company's 40% interest in Ananda Investments, LLC ('Ananda'.) The Company could elect to fully satisfy the outstanding principal and accrued interest by transferring the Company's 40% interest in Ananda to the former controlling stockholder.

Note 10. Notes Payable, Stock56

Note 10. Notes Payable, Stockholders: Schedule of Notes Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Notes payable, stockholders	$ 0	$ 100,000
Note Payable 1
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Maturity Date	Feb. 12, 2016
Notes payable, stockholders	$ 0	50,000
Note Payable 2
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Maturity Date	Feb. 12, 2016
Notes payable, stockholders	$ 0	$ 50,000

Note 10. Notes Payable, Stock57

Note 10. Notes Payable, Stockholders (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Feb. 29, 2016	Apr. 10, 2015
Warrant
Exercise Price of Warrants		$ 10
Common Stock | ConversionByTwoControllingStockholdersMember
Debt Conversion, Converted Instrument, Shares Issued	5,223
Debt Instrument, Convertible, Conversion Price				$ 10.15
InterestMember | ConversionByTwoControllingStockholdersMember
Debt Conversion, Original Debt, Amount	$ 3,014
Note Payable 1
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Maturity Date		Feb. 12, 2016
Note Payable 1 | StockholdersMember
Debt Conversion, Original Debt, Amount		$ 100,000
Note Payable 2
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Maturity Date		Feb. 12, 2016
Note Payable 2 | StockholdersMember
Debt Conversion, Original Debt, Amount		$ 298,224
N298224NotesPayableMember | Warrant
Investment Warrants Expiration Date			Jun. 18, 2025
N298224NotesPayableMember | MajorityStockholders12Member | Warrant
Debt Conversion, Converted Instrument, Shares Issued			1,516
Exercise Price of Warrants			$ 10
N298224NotesPayableMember | MajorityStockholders12Member | Common Class A
Debt Conversion, Converted Instrument, Shares Issued			15,164
N298224NotesPayableMember | MajorityStockholders12Member | PrincipalMember
Debt Conversion, Original Debt, Amount			$ 149,112
N298224NotesPayableMember | MajorityStockholders12Member | InterestMember
Debt Conversion, Original Debt, Amount			2,533
NotePayable5Member | MajorityStockholders12Member
Debt Conversion, Original Debt, Amount			$ 932
Debt Instrument, Face Amount					$ 100,000
Debt Instrument, Interest Rate, Stated Percentage					5.00%
Debt Instrument, Maturity Date		Mar. 31, 2016
Debt Instrument, Convertible, Terms of Conversion Feature		The conversion could not occur until the Company raised $1,000,000 in gross proceeds from one or a series of equity offerings. The conversion price was to be equal to 80% of the price paid by investors in the financing for identical securities.
NotePayable5Member | MajorityStockholders12Member | Warrant
Debt Conversion, Converted Instrument, Shares Issued			1,262
Exercise Price of Warrants		$ 8
Investment Warrants Expiration Date		Jun. 18, 2025
NotePayable5Member | MajorityStockholders12Member | Class A Common Stock
Debt Conversion, Converted Instrument, Shares Issued			12,616

Note 11. Capital Stock (Details

Note 11. Capital Stock (Details) - USD ($)	Oct. 19, 2015	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Jul. 22, 2015	Jun. 19, 2015	Jun. 17, 2015	Mar. 16, 2015	Mar. 15, 2015
Preferred Stock, Shares Authorized				1,000,000	1,000,000				3,000,000	10,000,000
Common Stock, Shares Authorized				11,000,000					30,000,000	500,000,000
Stockholders' Equity, Reverse Stock Split		7:1 reverse split
Common Stock, Voting Rights				each share of Class A common stock has 10 votes for each share held, while the Company's common stock has one vote per share
Stock and warrants issued to related parties for cash, Shares				4,114,415
Share Price						$ 10	$ 10
Stock and warrants issued to related parties for cash, Value			$ 10,000,000	$ 41,761,318	$ 24,500,000
Proceeds from Issuance of Private Placement					14,500,000
Shares Issued, Price Per Share				$ 10.15
Proceeds from issuance of stock to related parties				$ 30,462,729	$ 24,500,000
Warrant
Exercise Price of Warrants				$ 10
Warrant Expiration Date				Jun. 18, 2025
Exercise Price Range, Upper Range Limit					$ 10
Exercise Price Range, Lower Range Limit					$ 8
Warrant | N10PerShareMember
Warrants Outstanding					$ 103,032
Warrant | N8PerShareMember
Warrants Outstanding					$ 2,524
Preferred Stock
Preferred Stock, Shares Authorized				1,000,000
Common Class A
Common Stock, Shares Authorized	1,300,000			1,161,116	1,161,116			12,000,000
Common Stock
Common Stock, Shares Authorized	28,700,000			11,000,000	11,000,000			18,000,000
FormerControllingStockholderMember
Capital contribution to the Company					$ 5,163
MajorityStockholders12Member | Warrant
Stock and warrants issued to related parties for cash, Shares				50,000
MajorityStockholders12Member | Common Class A
Stock and warrants issued to related parties for cash, Shares			500,000
BoulderadoPartnersLlcMember
Stock and warrants issued to related parties for cash, Shares					250,000
MagnoliaCapitalFundLpMember
Stock and warrants issued to related parties for cash, Shares					1,200,000
StockholdersMember
Stock and warrants issued to related parties for cash, Shares				2,906,403
Shares Issued, Price Per Share				$ 10.15
Extinguishment of Debt, Amount				$ 106,028
Proceeds from issuance of stock to related parties				$ 29,499,990
StockholdersMember | Common Stock
Stock issued for cash, Shares	5,223
Board of directors
Stock and warrants issued to related parties for cash, Shares				3,001,254
Proceeds from issuance of stock to related parties				$ 30,462,729

Note 12. Income Tax Benefit_ Sc

Note 12. Income Tax Benefit: Schedule of Components of Income Tax (Provision) Benefit (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Current Federal Tax Benefit	$ 1,142,968	$ 443,173
Current State Tax Benefit	131,774	37,936
Total Current Tax Benefit	1,274,742	481,109
Deferred Federal Tax (Expense)	(73,928)	(88,719)
Deferred State and Tax (Expense)	(13,955)	(16,914)
Total Deferred Tax (Expense)	(87,883)	(105,633)
Total Income Tax Benefit Before Valuation Allowance	1,186,859	375,476
Valuation allowance	(1,186,859)	(375,476)
Income Tax (Provision) Benefit
Net operating loss carryforward	1,554,785	367,926
Less valuation allowance	(1,554,785)	(367,926)
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

Note 12. Income Tax Benefit (De

Note 12. Income Tax Benefit (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 07, 2016
Operating Loss Carryforwards	$ 4,500,000
Operating loss carryforwards lost due to change in control of the company	276,000
Change in the valuation allowance	1,186,859
Deferred tax assets and the valuation allowance adjustment amount	$ 71,122
United Casualty and Surety Insurance Company
Deferred Tax Asset at acquisition		$ 129,000

Note 12. Income Tax Benefit_ 61

Note 12. Income Tax Benefit: Schedule of Reconciliation of the Provision (Benefit) for Income Taxes (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Federal provision (benefit) at statutory graduated tax rates	(34.00%)	(35.00%)
Change in valuation allowance	34.00%	35.00%
Effective tax rate	0.00%	0.00%

Note 13. Future Minimum Lease62

Note 13. Future Minimum Lease Payments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Details
Ground rents	$ 546,884	$ 114,587
Contingent rents included in ground rents	46,980	1,733
Operating Leases, Rent Expense, Net	32,744	$ 0
2,016	665,242
2,017	640,676
2,018	583,690
2,019	537,633
2,020	513,156
Thereafter	2,495,686
Operating Leases, Future Minimum Payments Due	$ 5,436,083

Note 14. Industry Segments_ Sch

Note 14. Industry Segments: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Total Revenues	$ 3,843,517	$ 722,912
Net Loss from Operations	(3,138,316)	(1,106,878)
Depreciation and amortization	1,637,141	457,803
Goodwill	17,214,883	4,378,664
Total Assets	65,652,230	23,785,496
GIG
Total Revenues	679,983	0
Net Loss from Operations	(558,686)	(68,417)
Capital Expenditures	8,872,200	0
Depreciation and amortization	120,537	132
Goodwill	7,876,327	0
Total Assets	18,926,924	91,077
LMH
Total Revenues	3,163,534	713,212
Net Loss from Operations	(1,148,120)	(380,137)
Capital Expenditures	9,846,200	10,049,470
Depreciation and amortization	1,516,604	457,671
Goodwill	9,338,556	4,378,664
Total Assets	21,934,616	10,066,711
Unallocated
Total Revenues	0	9,700
Net Loss from Operations	(1,466,569)	(598,869)
Capital Expenditures	0	0
Depreciation and amortization	0	0
Goodwill	0	0
Total Assets	24,790,690	13,627,708
Segments Total
Total Revenues	3,843,517	722,912
Net Loss from Operations	(3,173,375)	(1,047,423)
Capital Expenditures	18,718,400	10,049,470
Depreciation and amortization	1,637,141	457,803
Goodwill	17,214,883	4,378,664
Total Assets	$ 65,652,230	$ 23,785,496

Note 15. Subsequent Events (Det

Note 15. Subsequent Events (Details) - USD ($)	Jan. 31, 2017	Jan. 09, 2017	Dec. 31, 2016
Deposit on business acquisition			$ 2,950,000
Subsequent Event | Clear Channel Outdoor
Payments to Acquire Businesses, Gross		$ 2,983,444
Deposit on business acquisition		$ 2,950,000
Subsequent Event | Hartlind Outdoor
Payments to Acquire Businesses, Gross	$ 2,817,000