Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Components of Provision for (Benefit from) Income Taxes

The components of the provision for (benefit from) income taxes for the years ended December 31, 2015, 2014, and 2013 are as follows:

	Year Ended			Year Ended			Year Ended
	December 31, 2015			December 31, 2014			December 31, 2013
Current:
Federal	$	-		$	-		$	68,431
State		444,538			233,940			57,476
		444,538			233,940			125,907
Deferred:
Federal		(1,510,726	)		(1,718,351	)		1,078,543
State		(269,845	)		(243,312	)		291,646
		(1,780,571	)		(1,961,663	)		1,370,189
	$	(1,336,033	)	$	(1,727,723	)	$	1,496,096

Reconciliation of Statutory Federal Income Tax Provision (Benefit)

A reconciliation of the statutory federal income tax provision (benefit) to the Company’s provision for (benefit from) income tax is as follows:

	Year Ended			Year Ended			Year Ended
	December 31, 2015			December 31, 2014			December 31, 2013
Statutory federal income tax expense	$	1,705,610		$	(838,519	)	$	(1,012,349	)
Effect of non-taxable REIT income		(2,866,950	)		(898,576	)		2,159,323
State income tax benefit		(174,693	)		9,372			349,122
	$	(1,336,033	)	$	(1,727,723	)	$	1,496,096