Note 14 - Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit

The income tax benefit consisted of the following for the years ended December 31, 2021 and 2020:

	For the Year Ended December 31,
(in thousands)	2021			2020
Current:
Federal	$	—		$	—
State		—			—
Total current tax expense (benefit)		—			—
Deferred:
Federal	$	(2,471	)	$	(2,164	)
State		(1,062	)		(869	)
Total deferred tax benefit		(3,533	)		(3,033	)
Total income tax benefit	$	(3,533	)	$	(3,033	)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective income tax rate for the years ended December 31, 2021 and 2020 reconciles with the federal statutory rate as follows:

	For the Year Ended December 31,
	2021			2020
Federal statutory rate		21.0	%		21.0	%
Loss attributable to partnership not subject to tax		(1.8	)%		(2.3	)%
State income taxes, net of federal tax benefit		5.5	%		5.5	%
Prior year adjustment		0.1	%		—
Effective income tax rate on income before taxes		24.8	%		24.2	%

Schedule of Deferred Income Tax Liabilities

Deferred income tax liabilities are comprised of the following as of December 31, 2021 and 2020:

	For the Year Ended December 31,
(in thousands)	2021			2020
Investment in the Operating Partnership	$	(12,349	)	$	(12,826	)
NOL carryforwards		3,255			973
Equity compensation		130			—
Total deferred tax liabilities	$	(8,964	)	$	(11,853	)