Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Reconciliation of Statutory Tax Rate to Effective Tax Rate

The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at March 31, 2023 and 2022.

Table 23.1 – Reconciliation of Statutory Tax Rate to Effective Tax Rate

	March 31, 2023		March 31, 2022
Federal statutory rate	21.0	%	21.0	%
State taxes, net of Federal tax effect, as applicable	(6.3)	%	(1.9)	%
Differences in taxable (loss) income from GAAP income	(14.3)	%	(11.3)	%
Change in valuation allowance	—	%	—	%
REIT GAAP income or loss not subject to federal income	(32.5)	%	(16.4)	%
Effective Tax Rate	(32.1)	%	(8.6)	%