XML 34 R16.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block] INCOME TAXESThe Company's estimated REIT taxable income before consideration of its NOL carryforward was $77,492 for the year ended December 31, 2020, $23,334 for the year ended December 31, 2019, and $21,085 for the year ended December 31, 2018. After common and preferred dividend distributions during those years as well as utilization of the Company's NOL carryforward to offset taxable earnings, the Company does not expect to incur any income tax liability for the year ended December 31, 2020 and did not incur any material income tax liability for the years ending December 31, 2019 or December 31, 2018. As of December 31, 2020, the Company has $17,353 of NOL carryforward remaining which will expire over the next 5 years.After reviewing for any potentially uncertain income tax positions, the Company has concluded that it does not have any uncertain tax positions that meet the recognition or measurement criteria of ASC Topic 740 as of December 31, 2020, December 31, 2019, or December 31, 2018, although its tax returns for those tax years are open to examination by the IRS. In the event that the Company incurs income tax related interest and penalties, its policy is to classify them as a component of provision for income taxes.