Boston Omaha Corp. Q2 2024 10-Q Filed

TL;DR

**BOMN Q2 2024 10-Q: Assets $38.8M, Liab $30.9M, Rev $1.16M. Holding steady.**

AI Summary

Boston Omaha Corp. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $38,838,884 and total liabilities of $30,931,349 as of June 30, 2024. For the three months ended June 30, 2024, the company reported revenue of $1,161,116.

Why It Matters

This filing provides investors with a snapshot of Boston Omaha Corp.'s financial health and performance for the second quarter of 2024, including asset and liability figures.

Risk Assessment

Risk Level: medium — The company's financial position shows a significant portion of assets are offset by liabilities, indicating potential financial leverage.

Key Numbers

• $38.8B — Total Assets (As of June 30, 2024, indicating the company's total resources.)
• $30.9B — Total Liabilities (As of June 30, 2024, representing the company's total obligations.)
• $1.16M — Revenue (For the three months ended June 30, 2024, showing operational income.)

Key Players & Entities

• Boston Omaha Corp. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 38,838,884 (dollar_amount) — Total assets as of June 30, 2024
• 30,931,349 (dollar_amount) — Total liabilities as of June 30, 2024
• 1,161,116 (dollar_amount) — Revenue for the three months ended June 30, 2024

FAQ

Key Financial Figures

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

Filing Documents

• bomn20240630_10q.htm (10-Q) — 2653KB
• ex_679423.htm (EX-31.1) — 14KB
• ex_679424.htm (EX-31.2) — 14KB
• ex_679425.htm (EX-32.1) — 5KB
• ex_679426.htm (EX-32.2) — 6KB
• 0001437749-24-026413.txt ( ) — 10292KB
• boc-20240630.xsd (EX-101.SCH) — 78KB
• boc-20240630_cal.xml (EX-101.CAL) — 58KB
• boc-20240630_def.xml (EX-101.DEF) — 523KB
• boc-20240630_lab.xml (EX-101.LAB) — 451KB
• boc-20240630_pre.xml (EX-101.PRE) — 564KB
• bomn20240630_10q_htm.xml (XML) — 1675KB

– Financial Information

Part I – Financial Information 4

Consolidated Financial Statements (Unaudited)

Item 1. Consolidated Financial Statements (Unaudited). 4 Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 4 Consolidated Statements of Operations – Three and Six Months Ended June 30, 2024 and June 30, 2023 6 Consolidated Statements of Changes in Stockholders' Equity – June 30, 2024 and June 30, 2023 7 Consolidated Statements of Cash Flows – Six Months Ended June 30, 2024 and June 30, 2023 9

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 12

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. 37

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 60

Controls and Procedures

Item 4. Controls and Procedures. 60

– Other Information

Part II – Other Information 62

Legal Proceedings

Item 1. Legal Proceedings. 62

Risk Factors

Item 1A. Risk Factors. 62

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 62

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 62

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 62

Other Information

Item 5. Other Information. 62

Exhibits

Item 6. Exhibits. 62 Exhibit Index 63

Signatures

Signatures 65 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 Six Months Ended June 30, 2024 and 2023 3 Table of Contents BOSTON OMAHA CORPORATION and SUBSIDIARIES Consolidated Balance Sheets Unaudited ASSETS June 30, December 31, 2024 2023 Current Assets: Cash and cash equivalents $ 24,615,739 $ 21,946,884 Cash held by BOAM funds and other 3,190,314 3,364,789 Accounts receivable, net 13,517,505 12,141,244 Interest receivable 63,747 185,482 Short-term investments 28,445,187 24,753,469 Marketable equity securities 2,385,983 2,210,037 U. S. Treasury securities 13,563,026 47,112,659 Funds held as collateral assets 9,597,001 14,101,531 Prepaid expenses 5,275,637 5,571,454 Total Current Assets 100,654,139 131,387,549 Property and Equipment, net 154,229,938 144,266,763 Other Assets: Goodwill 182,380,136 182,380,136 Intangible assets, net 62,324,834 65,532,301 Investments 78,290,565 87,104,272 Investments in unconsolidated affiliates 82,712,770 94,244,788 Deferred policy acquisition costs 2,111,818 1,772,455 Right of use assets 60,216,061 61,399,460 Other 143,862 119,368 Total Other Assets 468,180,046 492,552,780 Total Assets $ 723,064,123 $ 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 June 30, December 31, 2024 2023 Current Liabilities: Accounts payable and accrued expenses $ 19,285,422 $ 18,438,647 Short-term payables for business acquisition

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