Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income Tax (Benefit) Provision

The components of the provision for (benefit from) income taxes for the years ended December 31, 2021, 2020, and 2019 are as follows:

	Year Ended			Year Ended			Year Ended
	December 31, 2021			December 31, 2020			December 31, 2019
Current:
Federal	$	—		$	(125,587	)	$	(125,587	)
State		27,392			(6,054	)		157,012
		27,392			(131,641	)		31,425
Deferred:
Federal		(149,704	)		(7,576,931	)		(244,360	)
State		(38,580	)		(1,705,939	)		(36,545	)
Subtotals		(188,284	)		(9,282,870	)		(280,905	)
Change in deferred tax valuation allowance		188,284			14,694,954			—
		—			5,412,084			(280,905	)
	$	27,392		$	5,280,443		$	(249,480	)

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, 2021			December 31, 2020			December 31, 2019
Statutory federal income tax provision	$	(5,987,572	)	$	(10,164,517	)	$	194,479
Effect of non-taxable REIT loss		6,026,152			17,156,953			(564,426	)
State income tax provision		(11,188	)		(1,711,993	)		120,467
	$	27,392		$	5,280,443		$	(249,480	)

Schedule of Significant Components of Deferred Tax Asset

The significant components of our deferred tax asset as of December 31, 2021 2020 and 2019, are as follows:

	Year Ended			Year Ended			Year Ended
	December 31, 2021			December 31, 2020			December 31, 2019
Deferred tax asset:
Net operating loss carryforwards	$	14,270,273		$	14,409,456		$	4,988,283
Accrued compensation		337,630			108,595			335,621
Accrued expenses and other		246,742			128,257			19,427
Intangible assets		28,593			48,647			68,753
Less: Valuation allowance		(14,883,238	)		(14,694,955	)	—
Total	$	—		$	—		$	5,412,084