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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Components of deferred tax assets and liabilities Components of the Company's deferred tax assets and liabilities as of December 31, 2022 and 2021, are as follows:
Deferred Tax Assets and Liabilities
December 31, 2022December 31, 2021
Deferred Tax Assets:
Deferred contract revenue$1,230,985 $1,333,510 
Net operating loss carryforwards7,027,439 6,929,821 
Capital loss carryforward92,418 92,418 
Other 338 366 
Sub-total$8,351,180 $8,356,115 
Valuation allowance(5,168,148)(3,891,342)
Sub-total$3,183,032 $4,464,773 
Deferred Tax Liabilities:
Cost recovery of fixed assets$(4,386,744)$(4,187,621)
Other(88,588)(70,867)
Sub-total$(4,475,332)$(4,258,488)
Total net deferred tax (liability) asset $(1,292,300)$206,285 
Total income tax expense Total income tax expense (benefit) differs from the amount computed by applying the federal statutory income tax rate of 21% for the years ended December 31, 2022, 2021 and 2020, to income or loss from operations and other income and expense for the years presented, as follows:
Income Tax Expense (Benefit)
For the Years Ended December 31,
As Restated
202220212020
Application of statutory income tax rate$(2,327,764)$(278,726)$(64,292,012)
State income taxes, net of federal tax benefit68,320 681,342 35,371 
Income of Real Estate Investment Trust not subject to tax2,664,761 532,952 64,331,160 
Increase in valuation allowance1,276,806 3,159,313 — 
Other(10,212)(20,122)(159,377)
Total income tax expense (benefit)$1,671,911 $4,074,759 $(84,858)
Components of income tax expense The components of income tax expense (benefit) include the following for the periods presented:
Components of Income Tax Expense (Benefit)
For the Years Ended December 31,
202220212020
Current tax expense (benefit)
Federal$141,544 $(7,154)$(420,074)
State (net of federal tax benefit)31,783 5,623 24,231 
Total current tax expense (benefit)$173,327 $(1,531)$(395,843)
Deferred tax expense
Federal$947,036 $3,400,571 $299,845 
State (net of federal tax benefit)551,548 675,719 11,140 
Total deferred tax expense $1,498,584 $4,076,290 $310,985 
Total income tax expense (benefit), net$1,671,911 $4,074,759 $(84,858)