Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

The components of the income tax provision for the three and six months ended June 30, 2022 and 2021 are as follows:

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Current:
Federal	$	—		$	—		$	—		$	—
State		11,615			6,972			21,269			9,581
		11,615			6,972			21,269			9,581
Deferred:
Federal		478,698			(444,489	)		(27,658	)		(2,053,540	)
State		(97,195	)		(109,552	)		(19,833	)		(429,633	)
Subtotals		381,503			(554,041	)		(47,491	)		(2,483,173	)
Change in deferred tax valuation allowance		(381,503	)		554,041			47,491			2,483,173
		-			-			-			-
	$	11,615		$	6,972		$	21,269		$	9,581

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Statutory federal income tax provision (benefit)	$	5,799,565		$	(325,282	)	$	5,631,294		$	(1,915,329	)
Effect of non-taxable REIT loss		(5,702,370	)		434,834			(5,611,461	)		2,344,962
State income tax provision (benefit)		(85,580	)		(102,580	)		1,436			(420,052	)
	$	11,615		$	6,972		$	21,269		$	9,581