10-Q Filing

Mediaco Holding Inc. CIK: 1784254 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-029385`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	ck0001784254-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 29 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.26M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.65M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.06M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.46M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$27.65M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$27.09M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$79.22M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$78.90M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$23.18M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$23.95M	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$290.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$331.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$23.47M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$24.28M	USD	Point-in-time
Total assets	`Assets`	$143.92M	USD	Point-in-time
Total assets	`Assets`	$146.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.84M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$647.00K	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$709.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.53M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.75M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.57M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$549.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$93.92M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$93.15M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$19.30M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$20.18M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$6.32M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$6.48M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$1.71M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$1.79M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$221.00K	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$125.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$133.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$133.10M	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`	$24.89M	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`	$24.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.74M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.43M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$143.92M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$146.35M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.79M	USD	1 Quarter
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.74M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$7.76M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$9.46M	USD	1 Quarter
Corporate expenses	`CorporateExpenses`	$1.64M	USD	1 Quarter
Corporate expenses	`CorporateExpenses`	$1.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$981.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets1`	$6.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.38M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$136.00K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-634.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.17M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.10M	USD	1 Quarter
(BENEFIT) PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-617.00K	USD	1 Quarter
(BENEFIT) PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-3.25M	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$529.00K	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$634.00K	USD	1 Quarter
NET LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.89M	USD	1 Quarter
NET LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.01M	USD	1 Quarter
Basic and diluted loss per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted loss per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,084.00	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,115.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-3.25M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$981.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$146.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$140.00K	USD	1 Quarter
Noncash lease expense	`NonCashLeaseExpense`	$775.00K	USD	1 Quarter
Noncash lease expense	`NonCashLeaseExpense`	$631.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$61.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$373.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$182.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$165.00K	USD	1 Quarter
(Benefit) provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-617.00K	USD	1 Quarter
(Benefit) provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$634.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-78.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.18M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-335.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$186.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-909.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$44.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-39.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.78M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-412.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$215.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-182.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-127.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$155.00K	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`	$578.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$111.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-95.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.00K	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
Settlement of tax withholding obligations	`PaymentsRelatedToSettlementOfTaxWithholdingObligations`	$164.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08M	USD	1 Quarter
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$319.00K	USD	1 Quarter
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.32M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.49M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.49M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.41M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.16M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.15M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.43M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.25M	USD	1 Quarter
Issuance of class A to employees, officers and directors	`StockIssuedDuringPeriodValueIssuedForServices`	$470.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockStock`	$634.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockStock`	$529.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.75M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.43M	USD	Point-in-time

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