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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following is a summary of our income tax expense (benefit) for the three and six months ended June 30, 2023 and 2022:

		For the three months ended June 30, 2023
		Federal				State				Canadian				Total
Current		$	41,170			$	8,311			$	122,150			$	171,631
Deferreds			(2,619	)			(399	)			(302,407	)			(305,425	)
Total		$	38,551			$	7,912			$	(180,257	)		$	(133,794	)
		For the three months ended June 30, 2022
		Federal				State				Canadian				Total
Current		$	52,197			$	9,574			$	145,907			$	207,678
Deferreds			(456,319	)			(69,534	)			(514,858	)			(1,040,711	)
Total		$	(404,122	)		$	(59,960	)		$	(368,951	)		$	(833,033	)
		For the six months ended June 30, 2023
		Federal				State				Canadian				Total
Current		$	92,727			$	17,588			$	218,249			$	328,564
Deferreds			(5,239	)			(798	)			(179,101	)			(185,138	)
Total		$	87,488			$	16,790			$	39,148			$	143,426
		For the six months ended June 30, 2022
		Federal				State				Canadian				Total
Current		$	119,287			$	22,024			$	145,907			$	287,218
Deferreds			(493,838	)			(75,252	)			(230,034	)			(799,124	)
Total		$	(374,551	)		$	(53,228	)		$	(84,127	)		$	(511,906	)

Schedule of Deferred Tax Assets and Liabilities

The major sources of temporary differences that give rise to the deferred tax effects are shown below:

		June 30, 2023				December 31, 2022
Deferred tax liabilities:
Intangible contract assets		$	(24,147	)		$	(30,184	)
Canadian real estate			(9,682,692	)			(10,123,376	)
Total deferred tax liability			(9,706,839	)			(10,153,560	)
Deferred tax assets:
Other			—				90,563
Canadian non-capital losses			7,770,564				7,935,309
Total deferred tax assets			7,770,564				8,025,872
Valuation allowance			(4,226,569	)			(4,077,932	)
Net deferred tax liabilities		$	(6,162,844	)		$	(6,205,620	)

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- References

No definition available.

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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

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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

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