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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Components of Income Tax Provision

The components of the income tax provision for the three months ended March 31, 2018 and 2017 are as follows:

		Three Months Ended				Three Months Ended
		March 31, 2018				March 31, 2017
		(unaudited)				(unaudited)
Current:
Federal		$	—			$	5,485
State			45,693				48,402
			45,693				53,887
Deferred:
Federal			207,019				99,358
State			53,243				18,692
			260,262				118,050
		$	305,955			$	171,937

Reconciliation of Statutory Federal Income Tax Provision (Benefit)

A reconciliation of the statutory federal income tax provision (benefit) to the Company’s income tax provision is as follows:

		Three Months Ended				Three Months Ended
		March 31, 2018				March 31, 2017
		(unaudited)				(unaudited)
Statutory federal income tax provision (benefit)		$	311,313			$	1,046,484
Effect of non-taxable REIT income (loss)			(104,294	)			(941,641	)
State income tax provision (benefit)			98,936				67,094
		$	305,955			$	171,937

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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