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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUES:        
Operating Revenues $ 16,440,363 $ 16,487,062 $ 32,915,135 $ 32,965,185
OPERATING EXPENSES:        
Plant Operations (Excluding Depreciation and Amortization) 3,665,195 3,334,880 7,092,441 6,752,618
Cost of Video 2,549,030 2,700,135 5,098,882 5,456,478
Cost of Data 1,072,489 919,708 2,101,023 1,843,222
Cost of Other Nonregulated Services 410,112 354,022 788,306 763,268
Depreciation and Amortization 3,493,070 3,124,282 6,991,354 6,195,854
Selling, General and Administrative 2,645,472 2,554,766 5,306,935 5,218,656
Total Operating Expenses 13,835,368 12,987,793 27,378,941 26,230,096
OPERATING INCOME 2,604,995 3,499,269 5,536,194 6,735,089
OTHER (EXPENSE) INCOME        
Interest Expense (526,408) (527,825) (1,023,063) (1,093,199)
Interest/Dividend Income 59,363 58,428 236,408 159,830
Interest During Construction 60,636 10,278 92,840 20,270
Gain on Debt Forgiveness 2,912,433
CoBank Patronage Dividends 567,468 625,490
Other Investment Income 163,076 38,895 287,377 104,943
Total Other Income (Expense) (243,333) (420,224) 161,030 2,729,767
INCOME BEFORE INCOME TAXES 2,361,662 3,079,045 5,697,224 9,464,856
INCOME TAXES 661,261 636,132 1,595,217 1,841,232
NET INCOME $ 1,700,401 $ 2,442,913 $ 4,102,007 $ 7,623,624
NET INCOME PER SHARE        
Basic (in Dollars per share) $ 0.33 $ 0.47 $ 0.81 $ 1.46
Diluted (in Dollars per share) 0.33 0.47 0.8 1.46
DIVIDENDS PER SHARE (in Dollars per share) $ 0.28 $ 0.14 $ 0.28 $ 0.27
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in Shares) 5,077,972 5,210,700 5,094,797 5,206,766
Diluted (in Shares) 5,097,055 5,219,430 5,110,798 5,214,992
Voice Services [Member]        
OPERATING REVENUES:        
Operating Revenues $ 1,447,979 $ 1,544,766 $ 2,916,157 $ 3,096,044
Network Access [Member]        
OPERATING REVENUES:        
Operating Revenues 1,202,965 1,344,685 2,494,275 2,927,125
Video Service [Member]        
OPERATING REVENUES:        
Operating Revenues 3,178,388 3,237,723 6,319,880 6,266,600
Data Service [Member]        
OPERATING REVENUES:        
Operating Revenues 6,774,036 6,368,566 13,490,888 12,636,537
A-CAM/FUSF [Member]        
OPERATING REVENUES:        
Operating Revenues 2,890,500 2,953,966 5,785,087 5,922,161
Other Non-Regulated [Member]        
OPERATING REVENUES:        
Operating Revenues $ 946,495 $ 1,037,356 $ 1,908,848 $ 2,116,718