Beasley Broadcast (BBGI) 10-Q3 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2023	Oct. 27, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP, INC.
Entity Central Index Key	0001099160
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	FL
Entity Tax Identification Number	65-0960915
Entity Address, Address Line One	3033 Riviera Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Naples
Entity Address, Postal Zip Code	34103
City Area Code	239
Local Phone Number	263-5000
Security Exchange Name	NASDAQ
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Entity File Number	000-29253
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,303,369
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 29,665,464	$ 39,534,653
Accounts receivable, less allowance for credit losses of $1,876,751 in 2022 and $1,803,068 in 2023	47,686,751	56,683,526
Prepaid expenses	10,636,324	5,078,231
Other current assets	3,331,191	4,364,120
Total current assets	91,319,730	105,660,530
Property and equipment, net	52,479,386	55,807,047
Operating lease right-of-use assets	36,629,732	38,478,756
Finance lease right-of-use assets	296,667	306,667
FCC licenses	393,976,500	487,249,798
Goodwill	2,683,100	13,265,460
Other intangibles, net	7,493,876	8,219,939
Assets held for sale	4,827,864
Other assets	4,674,332	5,955,158
Total assets	594,381,187	714,943,355
Current liabilities:
Accounts payable	15,379,755	19,344,621
Operating lease liabilities	8,342,355	8,166,394
Other current liabilities	24,624,951	29,183,630
Total current liabilities	48,347,061	56,694,645
Long-term debt, net of unamortized debt issuance costs	283,612,363	285,472,107
Operating lease liabilities	35,180,442	37,485,602
Deferred tax liabilities	71,090,989	98,068,981
Total liabilities	451,932,828	491,454,547
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	152,481,469	151,948,310
Treasury stock, Class A common stock; 3,649,568 shares in 2022; 3,721,840 shares in 2023	(29,225,138)	(29,155,300)
Retained earnings	18,659,032	100,163,064
Accumulated other comprehensive income	499,311	499,311
Total stockholders' equity	142,448,359	223,488,808
Total liabilities and stockholders' equity	594,381,187	714,943,355
Class A Common Stock [Member]
Stockholders' equity:
Common stock	17,023	16,761
Class B Common Stock [Member]
Stockholders' equity:
Common stock	16,662	16,662
Due to Related Parties [Member]
Current liabilities:
Other long-term liabilities	62,697	85,731
Nonrelated Party [Member]
Current liabilities:
Other long-term liabilities	$ 13,639,276	$ 13,647,481

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Allowance for doubtful accounts	$ 1,803,068	$ 1,876,751
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	17,025,209	16,763,227
Common stock, shares outstanding	13,303,369	13,113,659
Treasury stock, Class A common stock shares	3,721,840	3,649,568
Class B Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	16,662,743	16,662,743
Common stock, shares outstanding	16,662,743	16,662,743

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net revenue	$ 60,119,757	$ 63,823,288	$ 181,360,600	$ 184,354,006
Operating expenses:
Operating expenses	50,117,044	51,511,699	152,098,261	155,147,840
Corporate expenses	4,493,277	5,132,362	13,381,403	13,933,292
Depreciation and amortization	2,201,664	2,456,646	6,626,974	7,423,648
FCC licenses impairment losses	78,204,065		88,245,065	4,619,772
Goodwill impairment losses	10,582,360		10,582,360	5,856,551
Total operating expenses	145,598,410	59,100,707	270,934,063	186,981,103
Operating income (loss)	(85,478,653)	4,722,581	(89,573,463)	(2,627,097)
Non-operating income (expense):
Interest expense	(6,445,746)	(6,621,540)	(19,764,067)	(20,293,794)
Other income, net	1,106,918	1,166,430	1,684,168	1,357,512
Loss before income taxes	(90,817,481)	(732,529)	(107,653,362)	(21,563,379)
Income tax benefit	(23,299,388)	(1,252,669)	(26,285,207)	(3,874,646)
Income (loss) before equity in earnings of unconsolidated affiliates	(67,518,093)	520,140	(81,368,155)	(17,688,733)
Equity in earnings of unconsolidated affiliates, net of tax	(18,744)	(22,072)	(135,877)	141,154
Net income (loss)	$ (67,536,837)	$ 498,068	$ (81,504,032)	$ (17,547,579)
Net income (loss) per Class A and Class B common share:
Basic	$ (2.25)	$ 0.02	$ (2.73)	$ (0.6)
Diluted	$ (2.25)	$ 0.02	$ (2.73)	$ (0.6)
Weighted average shares outstanding:
Basic	29,962,613	29,546,324	29,867,820	29,445,998
Diluted	29,962,613	29,715,361	29,867,820	29,445,998

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock-based compensation			$ 533,421	$ 876,174
Station Operating Expenses [Member]
Stock-based compensation	$ 37,041	$ 60,892	109,261	214,483
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 140,773	$ 209,202	$ 424,160	$ 661,691

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended	9 Months Ended
Condensed Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (67,536,837)	$ (81,504,032)	$ (17,547,579)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation		533,421	876,174
Provision for credit losses	481,016	1,006,830	853,938
Depreciation and amortization	2,201,664	6,626,974	7,423,648
FCC licenses impairment losses	78,204,065	88,245,065	4,619,772
Goodwill impairment losses	10,582,360	10,582,360	5,856,551
Amortization of loan fees		1,097,214	1,123,935
Gain on debt purchases		(973,208)	(1,131,346)
Deferred income taxes		(26,977,992)	(4,232,949)
Equity in earnings of unconsolidated affiliates	18,744	135,877	(141,154)
Change in operating assets and liabilities:
Accounts receivable		7,989,945	5,827,751
Prepaid expenses		(5,558,093)	(5,925,056)
Other assets		2,572,946	(1,890,763)
Accounts payable		(3,964,866)	5,822,312
Other liabilities		(4,887,810)	808,125
Other operating activities		70,484	(51,972)
Net cash provided by (used in) operating activities		(5,004,885)	2,291,387
Cash flows from investing activities:
Payment for acquisition			(2,000,000)
Capital expenditures		(3,060,716)	(11,218,937)
Proceeds from dispositions		250,000	1,185,312
Net cash used in investing activities		(2,810,716)	(12,033,625)
Cash flows from financing activities:
Payments on debt		(1,983,750)	(8,677,500)
Reduction of finance lease liabilities			(1,945)
Purchase of treasury stock		(69,838)	(108,091)
Net cash used in financing activities		(2,053,588)	(8,787,536)
Net decrease in cash and cash equivalents		(9,869,189)	(18,529,774)
Cash and cash equivalents at beginning of period		39,534,653	51,378,642
Cash and cash equivalents at end of period	$ 29,665,464	29,665,464	32,848,868
Cash paid for interest		24,946,655	25,564,611
Cash paid for income taxes		$ 1,353,057	$ 1,547,500

Interim Financial Statements

Interim Financial Statements	9 Months Ended
Interim Financial Statements	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	(1) Interim Financial Statements The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of Beasley Broadcast Group, Inc. and its subsidiaries (the “Company”) included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the financial statements reflect all adjustments necessary for a fair statement of the financial position and results of operations for the interim periods presented, and all such adjustments are of a normal and recurring nature. The Company’s results are subject to seasonal fluctuations; therefore, the results shown on an interim basis are not necessarily indicative of results for the full year.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include: (i) the amount of allowance for credit losses; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing Federal Communications Commission (“FCC”) licenses, goodwill and other intangibles for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use assets; (v) the realization of deferred tax assets; and (vi) actuarial assumptions related to the Supplemental Employee Retirement Plan. Actual results and outcomes may differ from management’s estimates and assumptions. Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for credit losses. The allowance for credit losses reflects management’s estimate of expected losses in accounts receivable from local advertisers and national agencies. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions and reasonable and supportable forecasts of future economic conditions. Interest is not accrued on accounts receivable. The changes in allowance for credit losses on accounts receivable are as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Beginning balance $ 1,648,342 $ 1,848,595 $ 1,720,477 $ 1,876,751 Provision for credit losses 265,187 481,016 853,938 1,006,830 Deductions ( 274,559 ) ( 526,543 ) ( 935,445 ) ( 1,080,513 ) Ending balance $ 1,638,970 $ 1,803,068 $ 1,638,970 $ 1,803,068 Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance that will require the measurement of all expected credit losses for financial assets, including accounts receivable, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance was initially effective for the Company for annual reporting periods beginning after December 15, 2019, and interim periods within those fiscal years. In November 2019, the FASB issued additional guidance that included a deferral of the effective date for smaller reporting companies as defined by the Securities and Exchange Commission to fiscal years beginning after December 15, 2022, and interim periods within those years. The Company adopted the guidance on January 1, 2023, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Acquisition and Dispositions

Acquisition and Dispositions	9 Months Ended
Acquisition and Dispositions	Sep. 30, 2023
Business Combinations [Abstract]
Acquisition and Dispositions	(3) Acquisition and Dispositions On October 5, 2023, the Company completed the sale of substantially all of the assets used in the operations of WJBR-FM in Wilmington, DE to a third party for $ 5.0 million in cash. During the second quarter of 2023, due to the potential sale of these assets, the Company recorded an impairment loss of $ 10.0 million related to the FCC license . The Company no longer has operations in the Wilmington, DE market after completion of the disposition. However, management determined that the disposition did not represent a strategic shift that would have a significant effect on the Company’s operation and financial results, therefore the operations in the Wilmington, DE market have not been reported as discontinued operations. A summary of assets held for sale as of September 30, 2023 is as follows: Property and equipment, net $ 77,064 FCC licenses 4,750,800 $ 4,827,864 On September 11, 2023, the Company completed the sale of substantially all of the assets used in the operations of WWWE-AM in Atlanta, GA to a third party for $ 250,000 in cash. On June 22, 2022, the Company completed the acquisition of Guarantee Digital, LLC (“Guarantee”), a digital marketing agency, for $ 2.0 million in cash. The acquisition was accounted for as a business combination. The purchase price allocation is summarized as follows : Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000 Goodwill was equal to the amount the purchase price exceeded the values allocated to the tangible and identifiable intangible assets and includes the value of the assembled workforce. The goodwill was allocated to the Digital segment. The $ 0.9 million allocated to goodwill is deductible for tax purposes. Revenue and earnings for Guarantee are not material for all reporting periods presented in the accompanying condensed consolidated financial statements. On April 1, 2022, the Company completed the sale of substantially all of the assets used in the operations of WWNN-AM in West Palm Beach-Boca Raton, FL to a third party for $ 1.25 million in cash. As a result of the sale, the Company recorded an impairment loss of $ 1.9 million related to the FCC license during the first quarter of 2022.

FCC Licenses

FCC Licenses	9 Months Ended
FCC Licenses	Sep. 30, 2023
Text Block [Abstract]
FCC Licenses	(4) FCC Licenses Changes in the carrying amount of FCC licenses for the nine months ended September 30, 2023 are as follows: Balance as of January 1, 2023 $ 487,249,798 Impairment losses (see below and also Note 3) ( 88,245,065 ) Radio station disposition (see Note 3) ( 277,433 ) Assets held for sale reclassification ( 4,750,800 ) Balance as of September 30, 2023 $ 393,976,500 FCC licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the FCC licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its FCC licenses are impaired. If the Company determines it is more likely than not that its FCC licenses are impaired, then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the FCC licenses with the carrying amounts of such licenses. If the carrying amounts of the FCC licenses exceed the fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing FCC licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. The FCC license valuations are Level 3 non-recurring fair value measurements. Due to an increase in interest rates in the U.S. economy and a decrease in projected revenues, the Company tested its FCC licenses for impairment during the third quarter of 2023. As a result of the quantitative impairment tests performed as of September 30, 2023, the Company recorded impairment losses of $ 78.2 million related to the FCC licenses in each of its market clusters. The impairment losses were primarily due to an increase in the discount rate due to certain risks associated with the U.S. economy and a decrease in the projected revenues in each market cluster used in the discounted cash flow analyses to estimate the fair values of the FCC licenses. The fair values of the FCC licenses in each of the market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.2 )% - 1.8 % Market revenue shares at maturity 0.4 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 10.0 % Due to an increase in interest rates in the U.S. economy, the Company tested its FCC licenses for impairment during the second quarter of 2022. As a result of the quantitative impairment tests performed as of June 30, 2022, the Company recorded impairment losses of $ 2.8 million related to the FCC licenses in its Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair values of the FCC licenses due to certain risks associated with the U.S. economy. The fair values of the FCC licenses in the Fort Myers-Naples, FL, Las Vegas, NV, and Wilmington, DE market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 15.9 % Market revenue shares at maturity 0.6 % - 44.0 % Operating income margins at maturity 19.2 % - 32.6 % Discount rate 9.5 %

Goodwill

Goodwill	9 Months Ended
Goodwill	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(5) Goodwill Changes in the carrying amount of goodwill for the nine months ended September 30, 2023 are as follows: Balance as of January 1, 2023 $ 13,265,460 Impairment losses (see below) ( 10,582,360 ) Balance as of September 30, 2023 $ 2,683,100 Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is necessary to perform a quantitative assessment for each reporting unit. If the quantitative assessment is necessary, the Company will determine the fair value of each reporting unit. If the fair value of any reporting unit is less than the carrying amount, the Company will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. For the purpose of testing goodwill for impairment, the Company has identified its radio market clusters and esports as its reporting units. The goodwill valuation is a Level 3 non-recurring fair value measurement. Due to an increase in interest rates in the U.S. economy and a decrease in projected revenues, the Company tested its goodwill for impairment during the third quarter of 2023. As a result of the quantitative impairment test performed as of September 30, 2023, the Company recorded an impairment loss of $ 10.6 million related to the goodwill in its Philadelphia, PA market cluster. The impairment loss was primarily due to an increase in the discount rate due to certain risks associated with the U.S. economy and a decrease in the projected revenues used in the discounted cash flow analysis to estimate the fair value of the goodwill. The fair value of the goodwill in the Philadelphia, PA market cluster was estimated using an income approach. The income approach is based upon a discounted cash flow analysis incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analysis are as follows: Revenue growth rates ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 % Due to an increase in interest rates in the U.S. economy, the Company tested its goodwill for impairment during the second quarter of 2022. As a result of the quantitative impairment test performed as of June 30, 2022, the Company recorded impairment losses of $ 5.9 million related to the goodwill in its Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL and Tampa-Saint Petersburg, FL market clusters. The impairment losses were primarily due to an increase in the discount rate used in the discounted cash flow analyses to estimate the fair value of goodwill due to certain risks associated with the U.S. economy. The fair values of goodwill in the Boston, MA, Charlotte, NC, Fayetteville, NC, Fort Myers-Naples, FL, and Tampa-Saint Petersburg, FL market clusters were estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected radio market revenues, projected growth rate for radio market revenues, projected radio market revenue shares, projected radio station operating income margins, and a discount rate appropriate for the radio broadcasting industry. The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 11.1 % Operating income margins 5.4 % - 29.8 % Discount rate 9.5 %

Long-Term Debt

Long-Term Debt	9 Months Ended
Long-Term Debt	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	(6) Long-Term Debt Long-term debt is comprised of the following: December 31, September 30, 2022 2023 Secured notes $ 290,000,000 $ 287,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 3,387,637 ) $ 285,472,107 $ 283,612,363 On February 2, 2021, the Company issued $ 300.0 million aggregate principal amount of 8.625 % senior secured notes due on February 1, 2026 (the “Notes”) under an indenture dated February 2, 2021 (the “Indenture”). Interest on the Notes accrues at the rate of 8.625 % per annum and is payable semiannually in arrears on February 1 and August 1 of each year. The Notes are secured on a first-lien priority basis by substantially all assets of the Company and its majority-owned subsidiaries and are guaranteed jointly and severally by the Company and its majority-owned subsidiaries. The Indenture contains restrictive covenants that limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, guarantee indebtedness or issue disqualified stock or, in the case of such subsidiaries, preferred stock; pay dividends on, repurchase or make distributions in respect of our capital stock or make other restricted payments; make certain investments or acquisitions; sell, transfer or otherwise convey certain assets; create liens; enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany transfers; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; enter into transactions with affiliates; prepay certain kinds of indebtedness; and issue or sell stock of its subsidiaries. Prior to February 1, 2025, the Company will be subject to certain premiums, as defined in the Indenture, for optional or mandatory (upon certain contingent events) redemption of some or all of the Notes. In October 2023, the Company purchased $ 10.0 million principal amount of the Notes for a price equal to 63 % of the principal amount and recorded a gain of $ 3.6 million as a result of the purchase. In the second quarter of 2023, the Company purchased $ 3.0 million principal amount of the Notes for a price equal to 66 % of the principal amount and recorded a gain of $ 1.0 million as a result of the purchase. In the third quarter of 2022, the Company purchased $ 5.0 million aggregate principal amount of the Notes for an aggregate price equal to 77 % of the principal amount and recorded an aggregate gain of $ 1.0 million as a result of the purchases. In the second quarter of 2022, the Company purchased $ 5.0 million aggregate principal amount of the Notes for an aggregate price equal to 96 % of the principal amount and recorded an aggregate gain of $ 0.1 million as a result of the purchases.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity	(7) Stockholders’ Equity The changes in stockholders’ equity are as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Beginning balance $ 245,537,024 $ 209,809,453 $ 263,082,298 $ 223,488,808 Stock-based compensation 270,094 177,814 876,174 533,421 Adjustment from related party transaction ( 6,573 ) - ( 6,573 ) - Purchase of treasury stock ( 2,384 ) ( 2,071 ) ( 108,091 ) ( 69,838 ) Net income (loss) 498,068 ( 67,536,837 ) ( 17,547,579 ) ( 81,504,032 ) Other comprehensive loss ( 12,442 ) - ( 12,442 ) - Ending balance $ 246,283,787 $ 142,448,359 $ 246,283,787 $ 142,448,359

Net Revenue

Net Revenue	9 Months Ended
Net Revenue	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Net Revenue	(8) Net Revenue Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Audio $ 52,995,670 $ 48,332,715 $ 153,778,711 $ 146,198,774 Digital 10,241,671 11,177,881 28,769,331 33,455,935 Other 585,947 609,161 1,805,964 1,705,891 $ 63,823,288 $ 60,119,757 $ 184,354,006 $ 181,360,600 The Company recognizes revenue when it satisfies a performance obligation under a contract with an advertiser. The transaction price is allocated to performance obligations based on executed contracts which represent relative standalone selling prices. Payment is generally due within 30 days, although certain advertisers are required to pay in advance. Revenues are reported at the amount the Company expects to be entitled to receive under the contract. The Company has elected to use the practical expedient to expense sales commissions as incurred. Payments received from advertisers before the performance obligation is satisfied are recorded as deferred revenue in the balance sheets. Substantially all deferred revenue is recognized within 12 months of the payment date. December 31, September 30, 2022 2023 Deferred revenue $ 4,696,989 $ 5,356,521 Audio revenue includes revenue from the sale or trade of aired commercial spots to advertisers directly or through advertising agencies. Each commercial spot is considered a performance obligation. Revenue is recognized when the commercial spots have aired. Trade sales are recorded at the estimated fair value of the goods or services received. If commercial spots are aired before the goods or services are received, then a trade sales receivable is recorded. If goods or services are received before the commercial spots are aired, then a trade sales payable is recorded. Other revenue includes revenue from concerts, promotional events, talent fees and other miscellaneous items. Such revenue is generally recognized when the concert, promotional event, or talent services are completed. December 31, September 30, 2022 2023 Trade sales receivable $ 1,564,054 $ 2,032,871 Trade sales payable 806,162 823,879 Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Trade sales revenue $ 1,481,948 $ 1,441,228 $ 4,358,626 $ 4,288,722 Digital revenue includes revenue from the sale of streamed commercial spots, station-owned assets and third-party products. Each streamed commercial spot, station-owned asset and third-party product is considered a performance obligation. Revenue is recognized when the commercial spots have streamed. Station-owned assets are generally scheduled over a period of time and revenue is recognized over time as the digital items are used for advertising content, except for streamed commercial spots. Third-party products are generally scheduled over a period of time with an impression target each month. Revenue from the sale of third-party products is recognized over time as the digital items are used for advertising content and impression targets are met each month.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	(9) Stock-Based Compensation The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 7.5 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive restricted stock units, shares of restricted stock, stock options or other stock-based awards. The restricted stock units that have been granted under the 2007 Plan generally vest over one to five years of service. A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of July 1, 2023 878,850 $ 1.63 Granted - - Vested ( 8,333 ) 2.01 Forfeited - - Unvested as of September 30, 2023 870,517 $ 1.62 As of September 30, 2023 , there was $ 0.9 million of total unrecognized compensation cost for restricted stock units granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.1 years.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes The Company’s effective tax rate was ( 171 )% and ( 26 )% for the three months ended September 30, 2022 and 2023 , respectively, and ( 18 )% and ( 24 )% for the nine months ended September 30, 2022 and 2023 , respectively. These rates differ from the federal statutory rate of 21 % due to the effect of state income taxes and certain expenses that are not deductible for tax purposes.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	(11) Earnings Per Share Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Net income (loss) attributable to BBGI stockholders $ 498,068 $ ( 67,536,837 ) $ ( 17,547,579 ) $ ( 81,504,032 ) Weighted-average shares outstanding: Basic 29,546,324 29,962,613 29,445,998 29,867,820 Effect of dilutive restricted stock units and restricted stock 169,037 - - - Diluted 29,715,361 29,962,613 29,445,998 29,867,820 Net income (loss) attributable to BBGI stockholders per $ 0.02 $ ( 2.25 ) $ ( 0.60 ) $ ( 2.73 ) The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive . As a result, the Company excluded 76,147 shares for the three months ended September 30, 2023 , and 219,222 shares and 83,315 shares for the nine months ended September 30, 2022 and 2023 , respectively.

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instruments	(12) Financial Instruments The carrying amount of the Company’s financial instruments, including cash and cash equivalents, accounts receivable and accounts payable, approximates fair value due to the short-term nature of these financial instruments. The estimated fair value of the Notes, based on available market information, was $ 174.0 million and $ 180.1 million as of December 31, 2022 and September 30, 2023 , respectively. The Company used Level 2 measurements under the fair value measurement hierarchy to determine the estimated fair value of the Notes.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	(13) Segment Information The Company currently operates three operating segments (Audio, Digital, esports) and two reportable segments (Audio, Digital). The identification of segments is consistent with how the segments report to and are managed by the Company’s Chief Executive Officer (the Company’s Chief Operating Decision Maker). The Audio segment generates revenue primarily from the sale of commercial advertising to customers of the Company’s stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, and Tampa-Saint Petersburg, FL. The Digital segment generates revenue primarily from the sale of digital advertising to customers of the Company’s stations and other advertisers throughout the United States. Corporate includes general and administrative expenses and certain other income and expense items not allocated to the operating segments. Non-operating corporate items including interest expense and income taxes, are reported in the accompanying condensed consolidated statements of comprehensive income (loss). Reportable segment information for the three months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 48,332,715 $ 11,177,881 $ 609,161 $ - $ 60,119,757 Operating expenses 38,932,340 10,110,593 1,074,111 - 50,117,044 Corporate expenses - - - 4,493,277 4,493,277 Depreciation and amortization 1,741,376 47,397 199,979 212,912 2,201,664 FCC licenses impairment losses 78,204,065 - - - 78,204,065 Goodwill impairment loss 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 81,127,426 ) $ 1,019,891 $ ( 664,929 ) $ ( 4,706,189 ) $ ( 85,478,653 ) Audio Digital Other Corporate Total Capital expenditures $ 1,026,120 $ 1,594 $ - $ 16,817 $ 1,044,531 Reportable segment information for the three months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 52,995,670 $ 10,241,671 $ 585,947 $ - $ 63,823,288 Operating expenses 42,456,844 8,237,262 817,593 - 51,511,699 Corporate expenses - - - 5,132,362 5,132,362 Depreciation and amortization 1,520,168 47,882 699,969 188,627 2,456,646 Operating income (loss) $ 9,018,658 $ 1,956,527 $ ( 931,615 ) $ ( 5,320,989 ) $ 4,722,581 Audio Digital Other Corporate Total Capital expenditures $ 4,517,127 $ 25,959 $ - $ 191,949 $ 4,735,035 Reportable segment information for the nine months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,198,774 $ 33,455,935 $ 1,705,891 $ - $ 181,360,600 Operating expenses 118,200,967 30,804,774 3,092,520 - 152,098,261 Corporate expenses - - - 13,381,403 13,381,403 Depreciation and amortization 5,253,581 141,364 595,746 636,283 6,626,974 FCC licenses impairment losses 88,245,065 - - - 88,245,065 Goodwill impairment loss 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 76,083,199 ) $ 2,509,797 $ ( 1,982,375 ) $ ( 14,017,686 ) $ ( 89,573,463 ) Audio Digital Other Corporate Total Capital expenditures $ 2,975,897 $ 13,184 $ 25,534 $ 46,101 $ 3,060,716 Reportable segment information for the nine months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 153,778,711 $ 28,769,331 $ 1,805,964 $ - $ 184,354,006 Operating expenses 126,507,373 25,810,560 2,829,907 - 155,147,840 Corporate expenses - - - 13,933,292 13,933,292 Depreciation and amortization 4,706,333 56,959 2,096,270 564,086 7,423,648 FCC licenses impairment losses 4,619,772 - - - 4,619,772 Goodwill impairment losses 5,856,551 - - - 5,856,551 Operating income (loss) $ 12,088,682 $ 2,901,812 $ ( 3,120,213 ) $ ( 14,497,378 ) $ ( 2,627,097 ) Audio Digital Other Corporate Total Capital expenditures $ 10,738,350 $ 36,785 $ 59,084 $ 398,693 $ 11,232,912 Reportable segment information as of September 30, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 49,202,607 $ 102,950 $ 79,095 $ 3,094,734 $ 52,479,386 FCC licenses 393,976,500 - - - 393,976,500 Goodwill - 922,000 1,761,100 - 2,683,100 Other intangibles, net 1,741,182 874,315 4,698,716 179,663 7,493,876 Assets held for sale 4,827,864 - - - 4,827,864 Reportable segment information as of December 31, 2022 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 51,941,687 $ 112,693 $ 67,751 $ 3,684,916 $ 55,807,047 FCC licenses 487,249,798 - - - 487,249,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,841,001 992,752 5,206,523 179,663 8,219,939

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include: (i) the amount of allowance for credit losses; (ii) future cash flows used for testing recoverability of property and equipment; (iii) fair values used for testing Federal Communications Commission (“FCC”) licenses, goodwill and other intangibles for impairment; (iv) estimates used to determine the incremental borrowing rate to record lease liabilities and related right-of-use assets; (v) the realization of deferred tax assets; and (vi) actuarial assumptions related to the Supplemental Employee Retirement Plan. Actual results and outcomes may differ from management’s estimates and assumptions.
Accounts Receivable	Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for credit losses. The allowance for credit losses reflects management’s estimate of expected losses in accounts receivable from local advertisers and national agencies. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions and reasonable and supportable forecasts of future economic conditions. Interest is not accrued on accounts receivable. The changes in allowance for credit losses on accounts receivable are as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Beginning balance $ 1,648,342 $ 1,848,595 $ 1,720,477 $ 1,876,751 Provision for credit losses 265,187 481,016 853,938 1,006,830 Deductions ( 274,559 ) ( 526,543 ) ( 935,445 ) ( 1,080,513 ) Ending balance $ 1,638,970 $ 1,803,068 $ 1,638,970 $ 1,803,068
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance that will require the measurement of all expected credit losses for financial assets, including accounts receivable, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The guidance was initially effective for the Company for annual reporting periods beginning after December 15, 2019, and interim periods within those fiscal years. In November 2019, the FASB issued additional guidance that included a deferral of the effective date for smaller reporting companies as defined by the Securities and Exchange Commission to fiscal years beginning after December 15, 2022, and interim periods within those years. The Company adopted the guidance on January 1, 2023, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2023
Allowance for Credit Loss [Abstract]
Summary of credit losses on accounts receivable	The changes in allowance for credit losses on accounts receivable are as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Beginning balance $ 1,648,342 $ 1,848,595 $ 1,720,477 $ 1,876,751 Provision for credit losses 265,187 481,016 853,938 1,006,830 Deductions ( 274,559 ) ( 526,543 ) ( 935,445 ) ( 1,080,513 ) Ending balance $ 1,638,970 $ 1,803,068 $ 1,638,970 $ 1,803,068

Acquisition and Dispositions (T

Acquisition and Dispositions (Tables)	9 Months Ended
Acquisition and Dispositions (Tables)	Sep. 30, 2023
Business Combinations [Abstract]
Summary of Assets Held for Sale	A summary of assets held for sale as of September 30, 2023 is as follows: Property and equipment, net $ 77,064 FCC licenses 4,750,800 $ 4,827,864
Schedule of Purchase Price Allocation	: Property and equipment $ 3,000 Goodwill 922,000 Other intangibles 1,075,000 $ 2,000,000

FCC Licenses (Tables)

FCC Licenses (Tables)	9 Months Ended
FCC Licenses (Tables)	Sep. 30, 2023
FCC Licenses [Line Items]
Carrying Amount of Broadcasting Licenses	Changes in the carrying amount of FCC licenses for the nine months ended September 30, 2023 are as follows: Balance as of January 1, 2023 $ 487,249,798 Impairment losses (see below and also Note 3) ( 88,245,065 ) Radio station disposition (see Note 3) ( 277,433 ) Assets held for sale reclassification ( 4,750,800 ) Balance as of September 30, 2023 $ 393,976,500
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.2 )% - 1.8 % Market revenue shares at maturity 0.4 % - 44.7 % Operating income margins at maturity 19.7 % - 30.4 % Discount rate 10.0 %
Fort Mayers Naples FL Lasvegas LV And Wilmington [Member]
FCC Licenses [Line Items]
Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 15.9 % Market revenue shares at maturity 0.6 % - 44.0 % Operating income margins at maturity 19.2 % - 32.6 % Discount rate 9.5 %

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
Goodwill (Tables)	Sep. 30, 2023
Goodwill [Line Items]
Summary of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the nine months ended September 30, 2023 are as follows: Balance as of January 1, 2023 $ 13,265,460 Impairment losses (see below) ( 10,582,360 ) Balance as of September 30, 2023 $ 2,683,100
Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analyses are as follows: Revenue growth rates ( 1.9 )% - 11.1 % Operating income margins 5.4 % - 29.8 % Discount rate 9.5 %
Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses	The key assumptions used in the discounted cash flow analysis are as follows: Revenue growth rates ( 9.3 )% - 1.4 % Operating income margin 27.9 % Discount rate 10.0 %

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
Long-Term Debt (Tables)	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, September 30, 2022 2023 Secured notes $ 290,000,000 $ 287,000,000 Less unamortized debt issuance costs ( 4,527,893 ) ( 3,387,637 ) $ 285,472,107 $ 283,612,363

Stockholders Equity (Tables)

Stockholders Equity (Tables)	9 Months Ended
Stockholders Equity (Tables)	Sep. 30, 2023
Equity [Abstract]
Schedule of Changes in Stockholders Equity	The changes in stockholders’ equity are as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Beginning balance $ 245,537,024 $ 209,809,453 $ 263,082,298 $ 223,488,808 Stock-based compensation 270,094 177,814 876,174 533,421 Adjustment from related party transaction ( 6,573 ) - ( 6,573 ) - Purchase of treasury stock ( 2,384 ) ( 2,071 ) ( 108,091 ) ( 69,838 ) Net income (loss) 498,068 ( 67,536,837 ) ( 17,547,579 ) ( 81,504,032 ) Other comprehensive loss ( 12,442 ) - ( 12,442 ) - Ending balance $ 246,283,787 $ 142,448,359 $ 246,283,787 $ 142,448,359

Net Revenue (Tables)

Net Revenue (Tables)	9 Months Ended
Net Revenue (Tables)	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Composition of Revenue	Net revenue is comprised of the following: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Audio $ 52,995,670 $ 48,332,715 $ 153,778,711 $ 146,198,774 Digital 10,241,671 11,177,881 28,769,331 33,455,935 Other 585,947 609,161 1,805,964 1,705,891 $ 63,823,288 $ 60,119,757 $ 184,354,006 $ 181,360,600
Deferred Revenue	December 31, September 30, 2022 2023 Deferred revenue $ 4,696,989 $ 5,356,521
Trade Sale Revenue	December 31, September 30, 2022 2023 Trade sales receivable $ 1,564,054 $ 2,032,871 Trade sales payable 806,162 823,879 Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Trade sales revenue $ 1,481,948 $ 1,441,228 $ 4,358,626 $ 4,288,722

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Restricted Stock Units	A summary of restricted stock unit activity is presented below: Units Weighted-Average Grant-Date Fair Value Unvested as of July 1, 2023 878,850 $ 1.63 Granted - - Vested ( 8,333 ) 2.01 Forfeited - - Unvested as of September 30, 2023 870,517 $ 1.62

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share calculation information is as follows: Three months ended September 30, Nine months ended September 30, 2022 2023 2022 2023 Net income (loss) attributable to BBGI stockholders $ 498,068 $ ( 67,536,837 ) $ ( 17,547,579 ) $ ( 81,504,032 ) Weighted-average shares outstanding: Basic 29,546,324 29,962,613 29,445,998 29,867,820 Effect of dilutive restricted stock units and restricted stock 169,037 - - - Diluted 29,715,361 29,962,613 29,445,998 29,867,820 Net income (loss) attributable to BBGI stockholders per $ 0.02 $ ( 2.25 ) $ ( 0.60 ) $ ( 2.73 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Summary of reportable segment information	Reportable segment information for the three months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 48,332,715 $ 11,177,881 $ 609,161 $ - $ 60,119,757 Operating expenses 38,932,340 10,110,593 1,074,111 - 50,117,044 Corporate expenses - - - 4,493,277 4,493,277 Depreciation and amortization 1,741,376 47,397 199,979 212,912 2,201,664 FCC licenses impairment losses 78,204,065 - - - 78,204,065 Goodwill impairment loss 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 81,127,426 ) $ 1,019,891 $ ( 664,929 ) $ ( 4,706,189 ) $ ( 85,478,653 ) Audio Digital Other Corporate Total Capital expenditures $ 1,026,120 $ 1,594 $ - $ 16,817 $ 1,044,531 Reportable segment information for the three months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 52,995,670 $ 10,241,671 $ 585,947 $ - $ 63,823,288 Operating expenses 42,456,844 8,237,262 817,593 - 51,511,699 Corporate expenses - - - 5,132,362 5,132,362 Depreciation and amortization 1,520,168 47,882 699,969 188,627 2,456,646 Operating income (loss) $ 9,018,658 $ 1,956,527 $ ( 931,615 ) $ ( 5,320,989 ) $ 4,722,581 Audio Digital Other Corporate Total Capital expenditures $ 4,517,127 $ 25,959 $ - $ 191,949 $ 4,735,035 Reportable segment information for the nine months ended September 30, 2023 is as follows: Audio Digital Other Corporate Total Net revenue $ 146,198,774 $ 33,455,935 $ 1,705,891 $ - $ 181,360,600 Operating expenses 118,200,967 30,804,774 3,092,520 - 152,098,261 Corporate expenses - - - 13,381,403 13,381,403 Depreciation and amortization 5,253,581 141,364 595,746 636,283 6,626,974 FCC licenses impairment losses 88,245,065 - - - 88,245,065 Goodwill impairment loss 10,582,360 - - - 10,582,360 Operating income (loss) $ ( 76,083,199 ) $ 2,509,797 $ ( 1,982,375 ) $ ( 14,017,686 ) $ ( 89,573,463 ) Audio Digital Other Corporate Total Capital expenditures $ 2,975,897 $ 13,184 $ 25,534 $ 46,101 $ 3,060,716 Reportable segment information for the nine months ended September 30, 2022 is as follows: Audio Digital Other Corporate Total Net revenue $ 153,778,711 $ 28,769,331 $ 1,805,964 $ - $ 184,354,006 Operating expenses 126,507,373 25,810,560 2,829,907 - 155,147,840 Corporate expenses - - - 13,933,292 13,933,292 Depreciation and amortization 4,706,333 56,959 2,096,270 564,086 7,423,648 FCC licenses impairment losses 4,619,772 - - - 4,619,772 Goodwill impairment losses 5,856,551 - - - 5,856,551 Operating income (loss) $ 12,088,682 $ 2,901,812 $ ( 3,120,213 ) $ ( 14,497,378 ) $ ( 2,627,097 ) Audio Digital Other Corporate Total Capital expenditures $ 10,738,350 $ 36,785 $ 59,084 $ 398,693 $ 11,232,912 Reportable segment information as of September 30, 2023 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 49,202,607 $ 102,950 $ 79,095 $ 3,094,734 $ 52,479,386 FCC licenses 393,976,500 - - - 393,976,500 Goodwill - 922,000 1,761,100 - 2,683,100 Other intangibles, net 1,741,182 874,315 4,698,716 179,663 7,493,876 Assets held for sale 4,827,864 - - - 4,827,864 Reportable segment information as of December 31, 2022 is as follows: Audio Digital Other Corporate Total Property and equipment, net $ 51,941,687 $ 112,693 $ 67,751 $ 3,684,916 $ 55,807,047 FCC licenses 487,249,798 - - - 487,249,798 Goodwill 10,582,360 922,000 1,761,100 - 13,265,460 Other intangibles, net 1,841,001 992,752 5,206,523 179,663 8,219,939

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Credit Losses on Accounts Receivable (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for Credit Loss [Abstract]
Beginning balance	$ 1,848,595	$ 1,648,342	$ 1,876,751	$ 1,720,477
Provision for credit losses	481,016	265,187	1,006,830	853,938
Deductions	(526,543)	(274,559)	(1,080,513)	(935,445)
Ending balance	$ 1,803,068	$ 1,638,970	$ 1,803,068	$ 1,638,970

Acquisition and Dispositions -

Acquisition and Dispositions - Summary of assets held for sale (Details)	Sep. 30, 2023 USD ($)
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	$ 4,827,864
Property and equipment
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	77,064
FCC licenses
Long-Lived Assets Held-for-Sale [Line Items]
Assets held for sale	$ 4,750,800

Acquisition and Dispositions _2

Acquisition and Dispositions - Schedule of Purchase Price Allocation (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 2,683,100	$ 13,265,460
BBGI Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Property and equipment	3,000
Goodwill	922,000
Other intangibles	1,075,000
Total purchase price allocation	$ 2,000,000

Acquisition and Dispositions _3

Acquisition and Dispositions - Additional Information (Detail) - USD ($)				1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 05, 2023	Sep. 11, 2023	Jun. 22, 2022	Apr. 30, 2022	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Proceeds from dispositions							$ 250,000	$ 1,185,312
FCC licenses impairment losses					$ 78,204,065		88,245,065	4,619,772
Reporting Unit, Zero or Negative Carrying Amount, Amount of Allocated Goodwill					$ 900,000		$ 900,000
Payment to acquire business gross								$ 2,000,000
Guarantee Digital L L C [Member]
Business Acquisition [Line Items]
Payment to acquire business gross			$ 2,000,000
FCC License [Member]
Business Acquisition [Line Items]
FCC licenses impairment losses				$ 1,900,000		$ 10,000,000
West Palm Beach Boca Raton [Member] \| WWNNAM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions				$ 1,250,000
Atlanta, GA [Member] \| WWWE-AM [Member]
Business Acquisition [Line Items]
Proceeds from dispositions		$ 250,000
Wilmington \| WJBR-FM
Business Acquisition [Line Items]
Proceeds from dispositions	$ 5,000,000

FCC Licenses - Carrying Amount

FCC Licenses - Carrying Amount of Broadcasting Licenses (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
FCC Licenses [Line Items]
Beginning Balance		$ 487,249,798
Impairment losses	$ (78,204,065)	(88,245,065)	$ (4,619,772)
Radio station disposition		(277,433)
Assets held for sale reclassification		(4,750,800)
Ending Balance	$ 393,976,500	$ 393,976,500

FCC Licenses - Additional Infor

FCC Licenses - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
FCC Licenses - Additional Information (Detail) - USD ($)	Sep. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
FCC Licenses [Line Items]
Impairment losses	$ 78,204,065		$ 88,245,065	$ 4,619,772
Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment losses	$ 78,200,000
Fort Mayers Naples FL Lasvegas LV And Wilmington [Member] \| Licensing Agreements [Member]
FCC Licenses [Line Items]
Impairment losses		$ 2,800,000

FCC Licenses - Discounted Cash

FCC Licenses - Discounted Cash Flow Analyses (Detail)	3 Months Ended
FCC Licenses - Discounted Cash Flow Analyses (Detail)	Sep. 30, 2023	Jun. 30, 2022
Measurement Input, Discount Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	10%	9.50%
Minimum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	0.40%	0.60%
Operating income margins at maturity	19.70%	19.20%
Minimum [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	(1.20%)	(1.90%)
Maximum [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Market revenue shares at maturity	44.70%	44%
Operating income margins at maturity	30.40%	32.60%
Maximum [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value Inputs Asset Quantitative Information [Line Items]
Fair value assumptions inputs rate	1.80%	15.90%

Goodwill - Summary of Carrying

Goodwill - Summary of Carrying Amount of Goodwill (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance		$ 13,265,460
Impairment losses (see below)	$ (10,582,360)	(10,582,360)	$ (5,856,551)
Ending Balance	$ 2,683,100	$ 2,683,100

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
Goodwill - Additional Information (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill [Line Items]
Goodwill impairment losses	$ 10,582,360		$ 10,582,360	$ 5,856,551
Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Goodwill impairment losses		$ 5,900,000
Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Goodwill impairment losses	$ 10,600,000

Goodwill - Summary of Key Assum

Goodwill - Summary of Key Assumptions Used in the Discounted Cash Flow Analyses (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Jun. 30, 2022	Sep. 30, 2023
Measurement Input, Discount Rate [Member]
Goodwill [Line Items]
Revenue growth rates	10%	9.50%
Goodwill [Member] \| Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Operating income margins			27.90%
Goodwill [Member] \| Measurement Input, Discount Rate [Member] \| Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Revenue growth rates			9.50%
Goodwill [Member] \| Measurement Input, Discount Rate [Member] \| Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Revenue growth rates			10%
Minimum [Member]
Goodwill [Line Items]
Operating income margins	19.70%	19.20%
Minimum [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	(1.20%)	(1.90%)
Minimum [Member] \| Goodwill [Member] \| Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Operating income margins			5.40%
Minimum [Member] \| Goodwill [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member] \| Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Revenue growth rates			(1.90%)
Minimum [Member] \| Goodwill [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member] \| Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Revenue growth rates			(9.30%)
Maximum [Member]
Goodwill [Line Items]
Operating income margins	30.40%	32.60%
Maximum [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member]
Goodwill [Line Items]
Revenue growth rates	1.80%	15.90%
Maximum [Member] \| Goodwill [Member] \| Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Operating income margins			29.80%
Maximum [Member] \| Goodwill [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member] \| Boston, MA radio market cluster [Member]
Goodwill [Line Items]
Revenue growth rates			11.10%
Maximum [Member] \| Goodwill [Member] \| Measurement Input, Long-term Revenue Growth Rate [Member] \| Philadelphia, PA Market Cluster [Member]
Goodwill [Line Items]
Revenue growth rates			1.40%

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (3,387,637)	$ (4,527,893)
Long-term debt	283,612,363	285,472,107
Secured Notes [Member]
Line of Credit Facility [Line Items]
Secured notes	$ 287,000,000	$ 290,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended			9 Months Ended
Long-Term Debt - Additional Information (Detail) - USD ($)	Oct. 31, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Feb. 02, 2021
Long-Term Debt [Line Items]
Gain (Loss) on Extinguishment of Debt					$ 973,208	$ 1,131,346
Promissory Note [Member]
Long-Term Debt [Line Items]
Debt instrument purchased amount		$ 3,000,000	$ 5,000,000	$ 5,000,000
Debt instrument redeemed Percentage		66%	77%	96%
Gain (Loss) on Extinguishment of Debt		$ 1,000,000	$ 1,000,000	$ 100,000
Promissory Note [Member] \| Subsequent Event [Member]
Long-Term Debt [Line Items]
Debt instrument purchased amount	$ 10,000,000
Debt instrument redeemed Percentage	63%
Gain (Loss) on Extinguishment of Debt	$ 3,600,000
8.625% senior secured notes due on February 1, 2026
Long-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							8.625%
Debt instrument face value							$ 300,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Stockholders Equity (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Beginning balance	$ 209,809,453	$ 245,537,024	$ 223,488,808	$ 263,082,298
Stock-based compensation	177,814	270,094	533,421	876,174
Adjustment from related party transaction	0	(6,573)	0	(6,573)
Purchase of treasury stock	(2,071)	(2,384)	(69,838)	(108,091)
Net income (loss)	(67,536,837)	498,068	(81,504,032)	(17,547,579)
Other comprehensive loss	0	(12,442)	0	(12,442)
Ending balance	$ 142,448,359	$ 246,283,787	$ 142,448,359	$ 246,283,787

Net Revenue - Composition of Re

Net Revenue - Composition of Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
Net Revenue - Composition of Revenue (Detail) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Net revenue	$ 60,119,757	$ 63,823,288	$ 181,360,600	$ 184,354,006
Audio [Member]
Disaggregation of Revenue [Line Items]
Net revenue	48,332,715	52,995,670	146,198,774	153,778,711
Digital [Member]
Disaggregation of Revenue [Line Items]
Net revenue	11,177,881	10,241,671	33,455,935	28,769,331
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 609,161	$ 585,947	$ 1,705,891	$ 1,805,964

Net Revenue - Deferred Revenue

Net Revenue - Deferred Revenue (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 5,356,521	$ 4,696,989

Net Revenue - Trade Sale Revenu

Net Revenue - Trade Sale Revenue (Detail) - USD ($)	3 Months Ended		9 Months Ended
Net Revenue - Trade Sale Revenue (Detail) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade sales receivable	$ 2,032,871		$ 2,032,871		$ 1,564,054
Trade sales payable	823,879		823,879		$ 806,162
Trade sales revenue	$ 1,441,228	$ 1,481,948	$ 4,288,722	$ 4,358,626

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost for restricted stock granted \| $	$ 0.9
Cost expected to be recognized over a weighted-average period	2 years 1 month 6 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units and restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized \| shares	7,500,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units (Detail) - 2007 Plan [Member] - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance \| shares	878,850
Granted, Shares \| shares	0
Vested, Shares \| shares	(8,333)
Forfeited, Shares \| shares	0
Unvested Shares, Ending Balance \| shares	870,517
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance \| $ / shares	$ 1.63
Granted, Weighted-Average Grant-Date Fair Value \| $ / shares	0
Vested, Weighted-Average Grant-Date Fair Value \| $ / shares	2.01
Forfeited, Weighted-Average Grant-Date Fair Value \| $ / shares	0
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance \| $ / shares	$ 1.62

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
Income Taxes - Additional Information (Detail)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Federal statutory rate			21%
Effective tax rate	(26.00%)	(171.00%)	(24.00%)	(18.00%)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to BBGI stockholders	$ (67,536,837)	$ 498,068	$ (81,504,032)	$ (17,547,579)
Weighted-average shares outstanding:
Basic	29,962,613	29,546,324	29,867,820	29,445,998
Effect of dilutive restricted stock units and restricted stock	0	169,037	0	0
Diluted	29,962,613	29,715,361	29,867,820	29,445,998
Net income (loss) attributable to BBGI stockholders per Class A and Class B common share - basic	$ (2.25)	$ 0.02	$ (2.73)	$ (0.6)
Net income (loss) attributable to BBGI stockholders per Class A and Class B common share - diluted	$ (2.25)	$ 0.02	$ (2.73)	$ (0.6)

Earnings Per Share - Additional

Earnings Per Share - Additional information (Detail) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of earnings per share	76,147	83,315	219,222

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	$ 180.1	$ 174

Segment Information - Summary o

Segment Information - Summary of Reportable Segment Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 60,119,757	$ 63,823,288	$ 181,360,600	$ 184,354,006
Operating expenses	50,117,044	51,511,699	152,098,261	155,147,840
Corporate expenses	4,493,277	5,132,362	13,381,403	13,933,292
Depreciation and amortization	2,201,664	2,456,646	6,626,974	7,423,648
FCC licenses impairment losses	78,204,065		88,245,065	4,619,772
Goodwill impairment loss	10,582,360		10,582,360	5,856,551
Operating income (loss)	(85,478,653)	4,722,581	(89,573,463)	(2,627,097)
Capital expenditures	1,044,531	4,735,035	3,060,716	11,232,912
Property and equipment, net	52,479,386		52,479,386		$ 55,807,047
FCC licenses	393,976,500		393,976,500		487,249,798
Goodwill	2,683,100		2,683,100		13,265,460
Other intangibles, net	7,493,876		7,493,876		8,219,939
Assets held for sale	4,827,864		4,827,864
Audio [Member]
Segment Reporting Information [Line Items]
Net revenue	48,332,715	52,995,670	146,198,774	153,778,711
Operating expenses	38,932,340	42,456,844	118,200,967	126,507,373
Depreciation and amortization	1,741,376	1,520,168	5,253,581	4,706,333
FCC licenses impairment losses	78,204,065		88,245,065	4,619,772
Goodwill impairment loss	10,582,360		10,582,360	5,856,551
Operating income (loss)	(81,127,426)	9,018,658	76,083,199	12,088,682
Capital expenditures	1,026,120	4,517,127	2,975,897	10,738,350
Property and equipment, net	49,202,607		49,202,607		51,941,687
FCC licenses	393,976,500		393,976,500		487,249,798
Goodwill					10,582,360
Other intangibles, net	1,741,182		1,741,182		1,841,001
Assets held for sale	4,827,864		4,827,864
Digital [Member]
Segment Reporting Information [Line Items]
Net revenue	11,177,881	10,241,671	33,455,935	28,769,331
Operating expenses	10,110,593	8,237,262	30,804,774	25,810,560
Depreciation and amortization	47,397	47,882	141,364	56,959
Operating income (loss)	1,019,891	1,956,527	2,509,797	2,901,812
Capital expenditures	1,594	25,959	13,184	36,785
Property and equipment, net	102,950		102,950		112,693
Goodwill	922,000		922,000		922,000
Other intangibles, net	874,315		874,315		992,752
Other [Member]
Segment Reporting Information [Line Items]
Net revenue	609,161	585,947	1,705,891	1,805,964
Operating expenses	1,074,111	817,593	3,092,520	2,829,907
Depreciation and amortization	199,979	699,969	595,746	2,096,270
Operating income (loss)	(664,929)	(931,615)	(1,982,375)	(3,120,213)
Capital expenditures			25,534	59,084
Property and equipment, net	79,095		79,095		67,751
Goodwill	1,761,100		1,761,100		1,761,100
Other intangibles, net	4,698,716		4,698,716		5,206,523
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	4,493,277	5,132,362	13,381,403	13,933,292
Depreciation and amortization	212,912	188,627	636,283	564,086
Operating income (loss)	(4,706,189)	(5,320,989)	(14,017,686)	(14,497,378)
Capital expenditures	16,817	$ 191,949	46,101	$ 398,693
Property and equipment, net	3,094,734		3,094,734		3,684,916
Other intangibles, net	$ 179,663		$ 179,663		$ 179,663