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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of difference between income tax benefit (provision) and the amount computed by applying the statutory federal income tax rate to income before taxes | The net income tax benefit differs from the amount computed by applying the statutory federal income tax rate to CTRS' income before taxes as follows ($ in thousands):
| 2022 |  | 2021 |  | 2020
| Amount |  | Rate |  | Amount |  | Rate |  | Amount |  | Rate
Federal income tax benefit (expenses) | $ | 85 |  |  | 21 | % |  | $ | 346 |  |  | 21 | % |  | $ | 125 |  |  | 21 | %
State income tax benefit (expense), net of federal income tax effect | 16 |  |  | 4 |  |  | 66 |  |  | 4 |  |  | 24 |  |  | 4 |
Deferred tax adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 21 |  |  | 4 |
Capital loss (gain) | (29) |  |  | — |  |  | (10) |  |  | — |  |  | 404 |  |  | 68 |
Valuation allowance | (60) |  |  | (15) |  |  | (346) |  |  | (26) |  |  | (586) |  |  | (98) |
Other | (12) |  |  | (10) |  |  | (56) |  |  | 1 |  |  | 12 |  |  | 1 |
Benefit applicable to net income (loss) | $ | — |  |  | — | % |  | $ | — |  |  | — | % |  | $ | — |  |  | — | %
Schedule of tax effect of significant temporary differences representing deferred tax assets and liabilities | The tax effect of significant temporary differences representing deferred tax assets and liabilities of CTRS as of December 31, 2022 and 2021 are as follows ($ in thousands):
| 2022 |  | 2021
Income from unconsolidated joint ventures | $ | 5 |  |  | $ | 27 |
Federal and state tax net operating loss carryforwards | 1,636 |  |  | 1,163 |
Federal and state tax capital loss carryforwards | 179 |  |  | 570 |
Gross deferred tax asset | 1,820 |  |  | 1,760 |
Valuation allowance | (1,820) |  |  | (1,760) |
Net deferred tax asset after valuation allowance | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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