Note 15- Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit

The income tax benefit consisted of the following for the year ended December 31, 2019 (dollars in thousands):

	Year Ended December 31, 2019
Current:
Federal	$	-
State		-
Total current tax expense (benefit)		-
Deferred:
Federal	$	(502	)
State		(202	)
Total deferred tax benefit		(704	)
Total income tax benefit	$	(704	)

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective income tax rate for the years ended December 31, 2019 and December 31, 2018 reconciles with the federal statutory rate as follows:

	Year Ended December 31, 2019			Year Ended December 31, 2018
Federal statutory rate		21.0	%		21.0	%
Loss attributable to partnership not subject to tax		-11.6	%		-21.0	%
State income taxes, net of federal tax benefit		2.8	%		0.0	%
Effective income tax rate on income before taxes		12.2	%		0.0	%

Schedule of Deferred Income Tax Liabilities

Deferred income tax liabilities are comprised of the following at December 31, 2019 (dollars in thousands):

	Year Ended December 31, 2019
Investment in the Operating Partnership	$	(14,707	)
NOL Carryforwards		57
Total deferred tax liabilities	$	(14,650	)