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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2021
Income Taxes  
Schedule of current and deferred tax expense (benefit)

 

 

 

 

 

 

 

 

 

Three months ended March 31, 

 

    

2021

    

2020

Current:

 

 

 

 

 

 

Federal

 

$

155,370

 

$

297,863

State 

 

 

183,844

 

 

96,896

Total current income tax expense

 

 

339,214

 

 

394,759

Deferred:

 

 

 

 

 

 

Federal

 

 

663,202

 

 

(131,081)

State 

 

 

142,157

 

 

61,603

Total deferred tax expense (benefit)

 

 

805,359

 

 

(69,478)

Income tax expense

 

$

1,144,573

 

$

325,281