Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of components of provision for income taxes

Our provision for income taxes consists of the following:

	For the Year Ended December 31,
	2020		2019		2018
Current:
Federal	$	—	$	—	$	—
State	1,250		436		476
	1,250		436		476
Deferred:
Federal	—		—		—
State	—		—		—
	—		—		—
Income tax provision	$	1,250	$	436	$	476

Schedule of reconciliation of effective tax rate and the U.S. federal statutory income tax rate

A reconciliation of our effective tax rate and the U.S. federal statutory income tax rate is as follows:

	For the Year Ended December 31,
	2020		2019		2018
Taxes at statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Nontaxable income	(21.0)	%	(21.0)	%	(21.0)	%
State and local income taxes, net of federal tax benefit	(1.3)	%	0.5	%	0.1	%
Effective tax rate	(1.3)	%	0.5	%	0.1	%

Schedule of significant components of our deferred tax assets and liabilities

Significant components of our deferred tax assets and liabilities are as follows:

	For the Year Ended December 31,
	2020		2019
Deferred tax assets:
Deferred income	$	3,252	$	1,891
Fair market value adjustment	10,856		—
Other	758		149
Tax loss carryforwards	28,358		32,487
	43,224		34,527
Valuation allowance	(43,224)		(34,527)
	—		—
Net deferred income taxes	$	—	$	—