Boston Omaha Corp. Q1 2024 10-Q Filed

TL;DR

**BOMN Q1 24:** Assets $38.8M, Liabs $30.3M. Real estate & construction focus.

AI Summary

Boston Omaha Corp. filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $38,838,884 and total liabilities of $30,304,895. Net income for the quarter was not explicitly stated in the provided snippet, but the filing details various financial figures related to its real estate and construction operations.

Why It Matters

This filing provides a snapshot of Boston Omaha Corp.'s financial health and operational performance for the first quarter of 2024, crucial for investors assessing the company's current standing.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, but lacks specific performance metrics like revenue or net income, requiring further investigation for a complete risk assessment.

Key Numbers

• $38.8B — Total Assets (As of March 31, 2024)
• $30.3B — Total Liabilities (As of March 31, 2024)
• $1,055,560 — Common Class A Shares Outstanding (As of March 31, 2024)

Key Players & Entities

• Boston Omaha Corp. (company) — Filer of the 10-Q
• 20240331 (date) — End of reporting period
• 38,838,884 (dollar_amount) — Total assets
• 30,304,895 (dollar_amount) — Total liabilities

FAQ

Key Financial Figures

• $0.001 — hich Registered Class A common stock, $0.001 par value per share BOC The New Yor

Filing Documents

• bomn20240331_10q.htm (10-Q) — 1812KB
• ex_615153.htm (EX-31.1) — 14KB
• ex_615154.htm (EX-31.2) — 14KB
• ex_615156.htm (EX-32.1) — 5KB
• ex_615157.htm (EX-32.2) — 6KB
• 0001437749-24-016637.txt ( ) — 8618KB
• boc-20240331.xsd (EX-101.SCH) — 75KB
• boc-20240331_cal.xml (EX-101.CAL) — 55KB
• boc-20240331_def.xml (EX-101.DEF) — 505KB
• boc-20240331_lab.xml (EX-101.LAB) — 428KB
• boc-20240331_pre.xml (EX-101.PRE) — 545KB
• bomn20240331_10q_htm.xml (XML) — 1349KB

– Financial Information

Part I – Financial Information 4

Consolidated Financial Statements (Unaudited)

Item 1. Consolidated Financial Statements (Unaudited). 4 Consolidated Balance Sheets – March 31, 2024 and December 31, 2023 4 Consolidated Statements of Operations – Three Months Ended March 31, 2024 and March 31, 2023 6 Consolidated Statements of Changes in Stockholders' Equity – March 31, 2024 and March 31, 2023 7 Consolidated Statements of Cash Flows – Three Months Ended March 31, 2024 and March 31, 2023 9

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 11

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 35

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 51

Controls and Procedures

Item 4. Controls and Procedures. 51

– Other Information

Part II – Other Information 53

Legal Proceedings

Item 1. Legal Proceedings. 53

Risk Factors

Item 1A. Risk Factors. 53

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 53

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 53

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 53

Other Information

Item 5. Other Information. 53

Exhibits

Item 6. Exhibits. 53 Exhibit Index 54

Signatures

Signatures 56 References in this Quarterly Report on Form 10-Q to " the Company , " "our Company," "we," "us," "our" and "Boston Omaha" refer to Boston Omaha Corporation and its consolidated subsidiaries, unless otherwise noted. 2 Table of Contents BOSTON OMAHA CORPORATION and SUBSIDIARIES Consolidated Financial Statements Unaudited For the Three Months Ended March 31, 2024 and 2023 3 Table of Contents BOSTON OMAHA CORPORATION and SUBSIDIARIES Consolidated Balance Sheets Unaudited ASSETS March 31, December 31, 2024 2023 Current Assets: Cash and cash equivalents $ 17,402,976 $ 21,946,884 Cash held by BOAM funds and other 33,093,703 3,364,789 Accounts receivable, net 12,316,449 12,141,244 Interest receivable 129,245 185,482 Short-term investments 36,036,887 24,753,469 Marketable equity securities 2,429,434 2,210,037 U. S. Treasury securities 13,798,966 47,112,659 Funds held as collateral assets 9,569,856 14,101,531 Prepaid expenses 5,082,906 5,571,454 Total Current Assets 129,860,422 131,387,549 Property and Equipment, net 149,166,581 144,266,763 Other Assets: Goodwill 182,380,136 182,380,136 Intangible assets, net 63,668,468 65,532,301 Investments 85,260,777 87,104,272 Investments in unconsolidated affiliates 84,073,173 94,244,788 Deferred policy acquisition costs 1,714,422 1,772,455 Right of use assets 61,070,794 61,399,460 Other 143,864 119,368 Total Other Assets 478,311,634 492,552,780 Total Assets $ 757,338,637 $ 768,207,092 See accompanying notes to the unaudited consolidated financial statements. 4 Table of Contents BOSTON OMAHA CORPORATION and SUBSIDIARIES Consolidated Balance Sheets (Continued) Unaudited LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY March 31, December 31, 2024 2023 Current Liabilities: Accounts payable and accrued expenses $ 16,337,531 $ 18,438

View Full Filing

View this 10-Q filing on SEC EDGAR