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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Summary of the Company's Income Tax Expense (Benefit) | The following is a summary of the Company's income tax expense (benefit) for the years ended December 31, 2022, 2021, and 2020:
|  | For the year ended December 31, 2022 |
|  | Federal |  |  | State |  |  | Canadian |  |  | Total |
Current |  | $ | 170,874 |  |  | $ | 27,020 |  |  | $ | 320,639 |  |  | $ | 518,533 |
Deferreds |  |  | (499,077 | ) |  |  | (76,050 | ) |  |  | (498,191 | ) |  | $ | (1,073,318 | )
Total |  | $ | (328,203 | ) |  | $ | (49,030 | ) |  | $ | (177,552 | ) |  | $ | (554,785 | )
|  | For the year ended December 31, 2021 |
|  | Federal |  |  | State |  |  | Canadian |  |  | Total |
Current |  | $ | 182,034 |  |  | $ | 32,559 |  |  | $ | — |  |  | $ | 214,593 |
Deferreds |  |  | (1,750,248 | ) |  |  | (266,704 | ) |  |  | (8,916 | ) |  |  | (2,025,868 | )
Total |  | $ | (1,568,214 | ) |  | $ | (234,145 | ) |  | $ | (8,916 | ) |  | $ | (1,811,275 | )
|  | For the year ended December 31, 2020 |
|  | Federal |  |  | State |  |  | Canadian |  |  | Total |
Current |  | $ | 30,713 |  |  | $ | 69,760 |  |  | $ | — |  |  | $ | 100,473 |
Deferreds |  |  | (3,071,502 | ) |  |  | (915,804 | ) |  |  | (1,939,425 | ) |  | $ | (5,926,731 | )
Total |  | $ | (3,040,789 | ) |  | $ | (846,044 | ) |  | $ | (1,939,425 | ) |  | $ | (5,826,258 | )
Schedule of Income Tax Expense (Benefit) Reconciled to the Hypothetical Amounts Computed at the U.S. Federal Statutory Income Tax Rate | Income tax expense (benefit) is reconciled to the hypothetical amounts computed at the U.S. federal statutory income tax rate for the years ended December 31, 2022, 2021, and 2020:
| Year Ended December 31, 2022 |  |  | Rate |
Expected tax at statutory rate | $ | 4,434,080 |  |  |  | 21.0 | %
Non-taxable REIT (income) loss |  | (4,610,750 | ) |  |  | -21.8 | %
State and local income tax expense - net of federal benefit |  | (38,734 | ) |  |  | -0.2 | %
Foreign income taxed at different rates |  | 47,180 |  |  |  | 0.2 | %
Change in valuation allowance |  | (416,953 | ) |  |  | -2.0 | %
Other |  | 30,392 |  |  |  | 0.1 | %
Total income tax expense (benefit) | $ | (554,785 | ) |  |  | -2.6 | %
| Year Ended December 31, 2021 |  |  | Rate |
Expected tax at statutory rate | $ | (4,489,427 | ) |  |  | 21.0 | %
Non-taxable REIT (income) loss |  | 2,655,349 |  |  |  | -12.4 | %
State and local income tax expense - net of federal benefit |  | (185,137 | ) |  |  | 0.9 | %
Foreign income taxed at different rates |  | (69,318 | ) |  |  | 0.3 | %
Change in valuation allowance |  | 400,146 |  |  |  | -1.9 | %
Other |  | (122,888 | ) |  |  | 0.6 | %
Total income tax expense (benefit) | $ | (1,811,275 | ) |  |  | 8.5 | %
| Year Ended December 31, 2020 |  |  | Rate |
Expected tax at statutory rate | $ | (11,976,943 | ) |  |  | 21.0 | %
Non-taxable REIT (income) loss |  | 8,553,281 |  |  |  | -15.0 | %
State and local income tax expense - net of federal benefit |  | (788,915 | ) |  |  | 1.4 | %
Foreign income taxed at different rates |  | 47,180 |  |  |  | -0.1 | %
Change in valuation allowance |  | (1,939,425 | ) |  |  | 3.4 | %
Other |  | 278,564 |  |  |  | -0.5 | %
Total income tax expense (benefit) | $ | (5,826,258 | ) |  |  | 10.2 | %
Schedule of Deferred Tax Assets and Liabilities | The major sources of temporary differences that give rise to the deferred tax effects are shown below:
|  | December 31, 2022 |  |  | December 31, 2021 |
Deferred tax liabilities: |  |  |  |  |  |
Intangible contract assets |  |  | (30,184 | ) |  |  | (605,473 | )
Canadian real estate |  |  | (10,123,376 | ) |  |  | (10,166,453 | )
Total deferred tax liability |  |  | (10,153,560 | ) |  |  | (10,771,926 | )
Deferred tax assets: |  |  |  |  |  |
Other |  |  | 90,563 |  |  |  | — |
Canadian non-capital losses |  |  | 7,935,309 |  |  |  | 6,717,033 |
Total deferred tax assets |  |  | 8,025,872 |  |  |  | 6,717,033 |
Valuation allowance |  |  | (4,077,932 | ) |  |  | (3,664,367 | )
Net deferred tax liabilities |  | $ | (6,205,620 | ) |  | $ | (7,719,260 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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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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