Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of federal and state income tax benefit (expense)

Federal and state income tax (expense) benefit relate to UPH. The federal and state income tax (expense) benefit for the years ended December 31, 2019 and 2018 is comprised of the following:

	For the Years Ended December 31,
Provision for income taxes	2019(1)			2018
Current:
Federal	$	(83,128	)	$	(147,896	)
State		(22,517	)		(63,286	)
Total current expense		(105,645	)		(211,182	)
Deferred:
Federal		51,371			217,743
State		14,525			54,202
Total deferred benefit		65,896			271,945
Total income tax (expense) benefit	$	(39,749	)	$	60,763

Explanatory Note:

(1) Represents the activity of UPH from January 1, 2019 to the IPO.

Schedule of effective tax rate before income taxes

The effective tax rate before income taxes varies from the current statutory US Federal income tax rate as follows:

	For the Years Ended December 31,
	2019			2018
Tax expense at Federal statutory rates		21.0	%		21.0	%
Flow-through entities		6.2	%		(15.7	)%
REIT non-taxable income		(28.3	)%		-
State taxes		(0.2	)%		1.1	%
Valuation allowance		(0.3	)%		(11.3	)%
Uncertain tax position ("FIN 48")		(1.1	)%		(0.6	)%
Total US Federal income tax rate		(2.7	)%		(5.5	)%

Schedule of deferred tax assets (liabilities)

Significant components of the Predecessor's deferred tax assets (liabilities) are as follows:

	For the Year Ended December 31,
Provision for income taxes	2018
Deferred tax assets:
Net operating loss carryforward	$	1,299,997
Other assets		18,452
Accrued expenses		224,414
Total deferred tax assets		1,542,863
Valuation allowance		(1,189,133	)
Deferred tax assets, net of valuation allowance	$	353,730
Deferred tax liabilities:
Basis differential in carrying value of real estate assets	$	(1,147,577	)
Total deferred tax liability		(1,147,577	)
Deferred tax liability, net	$	(793,847	)

Schedule of unrecognized tax benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	For the Years Ended December 31,
	2019			2018
Gross unrecognized tax benefits, beginning of year	$	578,860		$	569,162
Additions based on tax positions taken in the current year		51,418			108,665
Decreases based on positions taken in prior year		(148,685	)		(98,967	)
Additions based on tax positions taken in prior periods		6,684			—
Total	$	488,277		$	578,860