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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 906,872 $ 2,306,149
Receivables, Net of Allowance for Doubtful Accounts of $60,000 and $80,000 2,783,606 2,426,009
Income Taxes Receivable 1,405,622
Materials, Supplies, and Inventories 10,261,495 5,357,380
Prepaid Expenses and Other Current Assets 2,222,856 1,886,810
Total Current Assets 16,174,829 13,381,970
INVESTMENTS & OTHER ASSETS:    
Goodwill 49,903,029 49,903,029
Intangibles 17,339,398 18,315,567
Other Investments 10,655,856 10,417,563
Right of Use Asset 1,341,360 1,154,293
Financial Derivative Instruments 1,590,396
Other Assets 429,011 422,427
Total Investments and Other Assets 81,259,050 80,212,879
PROPERTY, PLANT & EQUIPMENT:    
Communications Plant 198,151,220 189,990,012
Other Property & Equipment 28,007,548 27,439,201
Video Plant 11,328,112 11,306,071
Total Property, Plant and Equipment 237,486,880 228,735,284
Less Accumulated Depreciation 153,534,708 147,585,930
Net Property, Plant & Equipment 83,952,172 81,149,354
TOTAL ASSETS 181,386,051 174,744,203
CURRENT LIABILITIES:    
Current Portion of Long-Term Debt, Net of Unamortized Loan Fees 4,511,844
Accounts Payable 2,706,242 3,244,472
Accrued Income Taxes 54,595
Other Accrued Taxes 258,936 260,013
Deferred Compensation 63,202 63,829
Accrued Compensation 2,150,693 2,122,436
Other Accrued Liabilities 670,152 634,247
Total Current Liabilities 5,903,820 10,836,841
LONG-TERM DEBT, Net of Unamortized Loan Fees 52,955,173 43,114,772
NONCURRENT LIABILITIES:    
Loan Guarantees 196,205 222,464
Deferred Income Taxes 20,190,511 19,484,500
Unrecognized Tax Benefit 42,775 42,775
Other Accrued Liabilities 1,300,681 1,112,343
Financial Derivative Instruments 883,365
Deferred Compensation 383,025 396,548
Total Noncurrent Liabilities 22,113,197 22,141,995
COMMITMENTS AND CONTINGENCIES:
STOCKHOLDERS' EQUITY:    
Preferred Stock - $1.66 Par Value, 10,000,000 Shares Authorized, No Shares Issued and Outstanding
Common Stock - $1.66 Par Value, 90,000,000 Shares Authorized, 5,084,578 and 5,210,053 Shares Issued and Outstanding 8,474,297 8,683,422
Accumulated Other Comprehensive Gain (Loss) 1,136,497 (631,253)
Unearned Compensation 272,234 259,620
Retained Earnings 90,530,833 90,338,806
Total Stockholders' Equity 100,413,861 98,650,595
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 181,386,051 $ 174,744,203