XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.24.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax (Benefit) Expense | The expense (benefit) for income taxes consists of:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 1,293 |  |  | $ | 77,374 |  |  | $ | (1,408) |
State | 163 |  |  | 7,710 |  |  | 341 |
Deferred and Other: |  |  |  |  |
Federal | — |  |  | 13,024 |  |  | — |
State | — |  | — |  | —
Total tax expense (benefit) | $ | 1,456 |  |  | $ | 98,108 |  |  | $ | (1,067) |
Schedule of Reconciliation of Effective Tax Rate | The reconciliation between our effective tax rate on income from operations and the statutory rate is as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Income tax (benefit) expense at federal statutory rate | $ | 1,293 |  |  | $ | 118,940 |  |  | $ | 284 |
State and local income taxes net of federal tax (benefit) expense | 163 |  |  | 7,705 |  |  | 342 |
Alternative minimum tax refund | — |  |  | — |  |  | (1,434) |
Temporary tax differences |  |  |  |  |
Change in valuation allowance | — |  |  | (28,537) |  |  | (259) |
Reported tax (benefit) expense | $ | 1,456 |  |  | $ | 98,108 |  |  | $ | (1,067) |
Effective tax rate | 23.6 | % |  | 24.9 | % |  | 4.6 | %
Schedule of Components of the Net Deferred Tax Asset or Liability | Components of the Net Deferred Tax Asset or Liability
| December 31,
| 2023 |  | 2022
Deferred tax asset: |  |  |
Allowance for losses on notes | $ | — |  |  | $ | 1,470 |
Basis difference in fixed assets | 1,952 |  |  | — |
Deferred gain | 122 |  |  | — |
Foreign currency translations | — |  |  | 4,279 |
Net operating loss carryforward | — |  |  | — |
| 2,074 |  |  | 5,749 |
Deferred tax liabilities: |  |  |
Deferred gain | — |  |  | 18,249 |
Basis differences for fixed assets | — |  |  | 530 |
| — |  |  | 18,779 |
| 2,074 |  |  | (13,030) |
Less: valuation allowance | — |  |  | — |
Net deferred tax liability | $ | 2,074 |  |  | $ | (13,030) |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration