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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Taxes and Distributions [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
 
Years Ended December 31,
 
2019
 
2018
Federal deferred
$
(1,087,000
)
 
$
(2,593,000
)
State deferred
(100,000
)
 
(675,000
)
State current
(8,000
)
 
8,000

Valuation allowance
1,187,000

 
3,268,000

Total income tax (benefit) expense
$
(8,000
)
 
$
8,000

Schedule of Deferred Tax Assets and Liabilities
The components of deferred tax assets as of December 31, 2019 and 2018 was as follows:
 
 Years Ended December 31,
 
2019
 
2018
Deferred income tax assets:
 
 
 
Fixed assets and intangibles
$
2,455,000

 
$
2,484,000

Expense accruals and other
620,000

 
469,000

Net operating loss
1,856,000

 
791,000

Valuation allowances
(4,931,000
)
 
(3,744,000
)
Total deferred income tax assets
$

 
$

Summary of Tax Treatment of Distributions
The income tax treatment for distributions reportable for the years ended December 31, 2019, 2018 and 2017 was as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
Ordinary income
$
10,099,000

 
21.8
%
 
$
11,909,000

 
37.7
%
 
$
6,021,000

 
39.9
%
Capital gain

 

 

 

 

 

Return of capital
36,317,000

 
78.2

 
19,673,000

 
62.3

 
9,055,000

 
60.1

 
$
46,416,000

 
100
%
 
$
31,582,000

 
100
%
 
$
15,076,000

 
100
%