10-Q Filing

Mediaco Holding Inc. CIK: 1784254 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-025828`
Period End Date	20200331
Filing Date	20200515
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ck0001784254-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 25 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.63M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$373.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.09M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$31.56M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$31.01M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$78.95M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$78.64M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$13.86M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$14.48M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$25.71M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$26.34M	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$359.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$358.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$40.55M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$40.56M	USD	Point-in-time
Total assets	`Assets`	$166.99M	USD	Point-in-time
Total assets	`Assets`	$167.17M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.18M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.57M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.67M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.67M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$728.00K	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$555.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.69M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.51M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.16M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.08M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$346.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.47M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$77.67M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$81.89M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$22.98M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$22.18M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$5.62M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$5.80M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$239.00K	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$256.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$128.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$127.29M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
SERIES A CUMULATIVE CONVERTIBLE PARTICIPATING PREFERRED STOCK, $0.01 PAR VALUE, 10,000,000 SHARES AUTHORIZED; 220,000 SHARES ISSUED AND OUTSTANDING	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$22.11M	USD	Point-in-time
SERIES A CUMULATIVE CONVERTIBLE PARTICIPATING PREFERRED STOCK, $0.01 PAR VALUE, 10,000,000 SHARES AUTHORIZED; 220,000 SHARES ISSUED AND OUTSTANDING	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$22.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$167.17M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$166.99M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.79M	USD	1 Quarter
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.15M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$6.89M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$9.46M	USD	1 Quarter
Corporate expenses	`CorporateExpenses`	$1.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$341.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.65M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$136.00K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$917.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$917.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.10M	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-617.00K	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$289.00K	USD	1 Quarter
CONSOLIDATED NET INCOME (LOSS)	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
CONSOLIDATED NET INCOME (LOSS)	`NetIncomeLoss`	$628.00K	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$529.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$628.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.01M	USD	1 Quarter
Basic and diluted net income (loss) per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted net income (loss) per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$0.38	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1,667.00	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,084.00	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$628.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$341.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$140.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$20.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$373.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$182.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-617.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$246.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$57.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-78.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.71M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-335.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$676.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-909.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-62.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-587.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$79.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.78M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$199.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-182.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$43.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-120.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-127.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.56M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.59M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$80.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$918.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.18M	USD	1 Quarter
Payments for debt-related costs	`PaymentsOfFinancingCosts`	$181.00K	USD	1 Quarter
Net transactions with Emmis Communications Corp.	`TransactionsWithFormerParentNet`	$3.51M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.51M	USD	1 Quarter
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.32M	USD	1 Quarter
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.15M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.99M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.81M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$628.00K	USD	1 Quarter
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-3.45M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockStock`	$529.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.99M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$79.81M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.