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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 4,891,594 $ 8,617,660
Receivables, Net of Allowance for Doubtful Accounts of $150,000 and $160,000 3,185,954 1,885,196
Income Taxes Receivable 1,044,355 615,587
Materials, Supplies, and Inventories 5,616,020 2,965,960
Prepaid Expenses and Other Current Assets 1,916,412 1,000,395
Total Current Assets 16,654,335 15,084,798
INVESTMENTS & OTHER ASSETS:    
Goodwill 49,903,029 49,903,029
Intangibles 19,977,408 21,639,293
Other Investments 10,105,774 9,960,187
Right of Use Asset 1,291,476 1,211,707
Other Assets 393,186 299,155
Total Investments and Other Assets 81,670,873 83,013,371
PROPERTY, PLANT & EQUIPMENT:    
Communications Plant 176,854,539 171,961,736
Other Property & Equipment 26,461,370 25,758,591
Video Plant 11,165,824 11,143,951
Total Property, Plant and Equipment 214,481,733 208,864,278
Less Accumulated Depreciation 142,904,847 138,385,628
Net Property, Plant & Equipment 71,576,886 70,478,650
TOTAL ASSETS 169,902,094 168,576,819
CURRENT LIABILITIES:    
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees 4,511,844 6,788,430
Accounts Payable 1,584,029 1,604,735
Other Accrued Taxes 257,803 258,691
Deferred Compensation 190,895 319,754
Accrued Compensation 2,196,426 2,247,057
Other Accrued Liabilities 638,235 811,003
Total Current Liabilities 9,379,232 12,029,670
LONG-TERM DEBT, Net of Unamortized Loan Fees 44,602,765 47,161,441
NONCURRENT LIABILITIES:    
Loan Guarantees 248,317 273,805
Deferred Income Taxes 17,271,637 16,988,409
Unrecognized Tax Benefit 47,363 47,363
Other Accrued Liabilities 1,291,375 1,283,834
Financial Derivative Instruments 1,728,727 2,721,118
Deferred Compensation 428,487 450,473
Total Noncurrent Liabilities 21,015,906 21,765,002
COMMITMENTS AND CONTINGENCIES:
STOCKHOLDERS' EQUITY:    
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, None Issued
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,212,491 and 5,200,689 Shares Issued and Outstanding 8,687,486 8,667,816
Accumulated Other Comprehensive Loss (1,235,348) (1,944,511)
Unearned Compensation 225,586 149,100
Retained Earnings 87,226,467 80,748,301
Total Stockholders' Equity 94,904,191 87,620,706
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 169,902,094 $ 168,576,819