Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Benefit) Expense

The (benefit) expense for income taxes consists of:

	Year Ended December 31,
	2020		2019		2018
Current:
Federal	—		—		$	42,805
State	4		—		1,210
Deferred and Other:
Federal	—		(2,000)		(40,805)
State	—		—		—
Total tax expense (benefit)	$	4	$	(2,000)	$	3,210

Schedule of Reconciliation of Effective Tax Rate

The reconciliation between our effective tax rate on income from operations and the statutory rate is as follows:

	Year Ended December 31,
	2020			2019			2018
Income tax (benefit) expense at federal statutory rate	$	1,568		$	(5,909)		$	39,113
State and local income taxes net of federal tax benefit	4			—			1,210
Permanent differences	(1,766)			(2,406)			(143)
Timing differences
Installment note on land sale	—			—			(2,876)
Allowance for losses on note	—			—			(383)
Deferred gains	(878)			(588)			(9,417)
Basis difference on fixed assets	1,307			—			23,675
Other basis/timing differences	2,296			3,173			(7,164)
Generation (use) of net operating loss carryforwards	(2,527)			3,730			(40,805)
Calculated income tax expense (benefit)	$	4		$	(2,000)		$	3,210
Effective tax rate	—		%	—		%	0.6		%

Components of the Net Deferred Tax Asset or Liability

Components of the Net Deferred Tax Asset or Liability

	Year Ended December 31,
	2020		2019
Cumulative foreign currency translation loss	$	3,818	1,522
Basis difference for fixed assets	1,426		—
Deferred gain	1,956		1,988
Net operating loss carryforward	7,107		9,633
	14,307		13,143
Less: valuation allowance	(14,307)		(6,480)
	$	—	$	6,663
Deferred gain	$	—	$	—
Basis differences for fixed assets	—		6,663
Total Deferred Tax Liability	$	—	$	6,663
Current net deferred tax asset	—		6,663
Long-term net deferred tax liability	—		(6,663)
	$	—	$	—