Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 30

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 6.0 million potentially dilutive securities, respectively, that were not included in the computation of diluted EPS, because to do so would have been antidilutive for the periods presented. For the three and six months ended June 30, 2024 there were approximately 6.3 million and 5.1 million potentially dilutive securities, respectively excluded from the computation of diluted EPS.

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Table of Contents

5. FAIR VALUE MEASUREMENTSThe Company reports financial and non-financial assets and liabilities measured at fair value on a recurring and non-recurring basis under the provisions of ASC 820, “Fair Value Measurement” (“ASC 820”) which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements.As of June 30, 2025 and December 31, 2024, the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis are categorized as follows:TotalLevel 1Level 2Level 3(In thousands)As of June 30, 2025Liabilities subject to fair value measurement:    Employment Agreement Award(a)$11,738 $— $— $11,738 Mezzanine equity subject to fair value measurement:    Redeemable non-controlling interests(b)$2,577 $— $— $2,577 Assets subject to fair value measurement:    Cash equivalents - money market funds (c)$56,980 $56,980 $— $— As of December 31, 2024    Liabilities subject to fair value measurement:    Employment Agreement Award(a)$10,426 $— $— $10,426 Mezzanine equity subject to fair value measurement:    Redeemable non-controlling interests(b)$7,988 $— $— $7,988 Assets subject to fair value measurement:    Cash equivalents-money market funds(c)$102,258 $102,258 $— $— (a) On April 3, 2024, the Company entered into an employment agreement (“2024 Employment Agreement”) with Alfred C. Liggins, III, President and Chief Executive Officer (“CEO”) pursuant to which he is eligible to receive an award (the “Employment Agreement Award”) amount equal to approximately 4.0% of any proceeds from distributions or other liquidity events in