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Tax
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Tax

Note 20. Tax 

 

For the three months ended March 31, 2023, the Company recorded income tax benefit of $609,277 for continuing operations. The effective tax rate of 30.12% for the three months ended March 31, 2023, varied from the statutory United States federal income tax rate of 21.0% primarily because of state income taxes, net of the federal benefit, and adjustments to the fair market value of warrant liabilities. The Company has net deferred tax assets of $51,593,302 and $42,608,596 as of December 31, 2022, and March 31, 2023, respectively. The Company considers their deferred tax assets to be realizable and has not established a valuation allowance, as it is considered more likely than not that the Company will utilize deferred tax assets in future periods through future taxable income.

 

The Company recognizes income tax benefits from uncertain tax positions where the realization of the ultimate benefit is uncertain. As of both March 31, 2023, and December 31, 2022, the Company has no unrecognized income tax benefits.