10-Q Filing

Mediaco Holding Inc. CIK: 1784254 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-019673`
Period End Date	20220331
Filing Date	20220512
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	mdia-10q_20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 31 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$313.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$226.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $226 and $313, respectively	`AccountsReceivableNetCurrent`	$9.23M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $226 and $313, respectively	`AccountsReceivableNetCurrent`	$13.76M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.24M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.76M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$295.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$526.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.64M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$26.53M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$26.52M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetIncludingGoodwill`	$78.03M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetIncludingGoodwill`	$77.79M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$20.91M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$21.66M	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$343.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$344.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$21.25M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$22.01M	USD	Point-in-time
Total assets	`Assets`	$145.60M	USD	Point-in-time
Total assets	`Assets`	$148.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.44M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.67M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$1.28M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$1.57M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.39M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.80M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.44M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.54M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$97.53M	USD	Point-in-time
LONG TERM DEBT, NET OF CURRENT	`LongTermDebtNoncurrent`	$96.94M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$16.00M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$16.91M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$7.27M	USD	Point-in-time
ASSET RETIREMENT OBLIGATIONS	`AssetRetirementObligation`	$7.50M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$2.13M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$2.07M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$16.00K	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$10.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$139.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$137.77M	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`	$27.01M	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`	$27.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.69M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.36M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.43M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$148.21M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$145.60M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.74M	USD	1 Quarter
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.54M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$9.33M	USD	1 Quarter
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$7.76M	USD	1 Quarter
Corporate expenses	`CorporateExpenses`	$2.49M	USD	1 Quarter
Corporate expenses	`CorporateExpenses`	$1.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$930.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$981.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$-18.00K	USD	1 Quarter
Loss (gain) on disposal of assets	`GainLossOnDispositionOfAssets1`	$6.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.38M	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-634.00K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-1.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.54M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.23M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.17M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$63.00K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-6.10M	USD	Annual
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-4.29M	USD	1 Quarter
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-3.25M	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$634.00K	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$838.00K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.89M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.13M	USD	1 Quarter
Basic and diluted loss per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	1 Quarter
Basic and diluted loss per share attributable to common shareholders	`EarningsPerShareBasicAndDiluted`	$-0.68	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,558.00	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,115.00	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$930.00K	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`	$161.00K	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$171.00K	USD	1 Quarter
Noncash lease expense	`NonCashLeaseExpense`	$806.00K	USD	1 Quarter
Noncash lease expense	`NonCashLeaseExpense`	$775.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$61.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$64.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$232.00K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$165.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$63.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$634.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$1.56M	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-18.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.47M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.18M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$202.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$186.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$66.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-39.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-412.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$67.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$215.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$368.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-941.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-696.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$578.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$816.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$206.00K	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`	$-816.00K	USD	1 Quarter
Settlement of tax withholding obligations	`PaymentsRelatedToSettlementOfTaxWithholdingObligations`	$164.00K	USD	1 Quarter
Settlement of tax withholding obligations	`PaymentsRelatedToSettlementOfTaxWithholdingObligations`	$1.21M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.21M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.00K	USD	1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$319.00K	USD	1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.64M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.76M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.49M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.76M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.49M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.67M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.16M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.36M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.43M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-6.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.29M	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
Issuance of class A to employees, officers and directors	`StockIssuedDuringPeriodValueIssuedForServices`	$344.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockStock`	$634.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStockStock`	$838.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.36M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	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.