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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

		December 31,
		2022				2021
Income tax (provision) benefit:
Current federal income tax expense (benefit)		$	-			$	-
Current state income tax expense (benefit)			256,971				-
Deferred federal income tax (benefit) expense			(1,862,601	)			13,322,593
Deferred state income tax (benefit) expense			(1,890,491	)			4,371,387
Total income tax (benefit) expense before valuation allowance			(3,496,121	)			17,693,980
Valuation allowance			-				-
Total income tax (benefit) expense		$	(3,496,121	)		$	17,693,980
Deferred tax assets:
Net operating loss carryforwards		$	7,011,687			$	6,831,339
Tax credits			643,945				366,366
Lease liabilities			15,644,321				16,636,855
Premium adjustments and IBNR			906,208				404,891
Investment in unconsolidated subsidiaries			245,724				-
Disallowed interest expense carryforwards			201,725				-
Other			54,714				16,754
Total deferred tax assets			24,708,324				24,256,205
Valuation allowance			(832,123	)			(2,165,808	)
Net deferred tax assets		$	23,876,201			$	22,090,397
Deferred tax liabilities:
Property and equipment		$	(14,785,116	)		$	(7,770,312	)
Intangibles			(5,637,973	)			(1,480,060	)
Right of use assets			(15,721,959	)			(16,810,802	)
Investment in unconsolidated subsidiaries			-				(887,327	)
Unrealized gain on securities			(1,679,572	)			(12,892,876	)
Total deferred tax liabilities			(37,824,620	)			(39,841,377	)
Net deferred tax liabilities		$	(13,948,419	)		$	(17,750,980	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		For the Year Ended December 31,
		2022				2021
Federal income tax at statutory rate		$	795,720			$	15,291,464
State income taxes, net of federal benefit			(412,633	)			4,498,347
Non-controlling interest			(38,802	)			-
Provision to return adjustments			275,920				973,002
Nondeductible officer's compensation			-				3,803,973
Warrant income			(489,221	)			(1,672,815	)
Gain on deconsolidation of Yellowstone			(3,979,091	)			-
Other permanent differences			58,975				(56,592	)
Valuation allowance			334,861				(5,121,421	)
Other			(41,850	)			(21,978	)
Total income tax (benefit) expense		$	(3,496,121	)		$	17,693,980

X

- 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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X

- 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

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