Income Tax

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAX

11. INCOME TAX

The income tax provision for the Company was $0 for the six months ended June 30, 2022.

For the three and six months ended June 30, 2022, the Company incurred no expense for United Stated federal excise tax. If it is determined that the Company’s estimated current year taxable income will be in excess of estimated dividend distributions (including capital gain dividend) for the current year from such income, the Company will accrue excise tax on estimated excess taxable income as such taxable income is earned. The annual expense is calculated in accordance with applicable tax regulations.

As of June 30, 2022 and December 31, 2021, the Company does not have any unrecognized tax benefits and does not expect that to change in the next 12 months.