Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

For the years ended December 31, 2020, 2019 and 2018, income taxes expense consisted of:

	Year Ended December 31,
	2020			2019			2018
Current:
Federal	$	65,118,212		$	18,095,946		$	2,842,696
State		16,640,086			4,665,000			279,899
Foreign		—			—			—
Total Current		81,758,298			22,760,946			3,122,595
Deferred:
Federal		3,520,293			(12,535,000	)		3,330,000
State		(1,425,789	)		(881,913	)		731,000
Foreign		—			—			—
Total Deferred		2,094,504			(13,416,913	)		4,061,000
Total	$	83,852,802		$	9,344,033		$	7,183,595

Summary of Difference Between the Income Tax Expense

The difference between the income tax expense for the years ended December 31, 2020, 2019 and 2018 and the expected income taxes based on the statutory tax rate applied to pre-tax earnings (loss) arises as follows:

	2020			2019			2018
Income/(Loss) before Income Taxes	$	102,930,722		$	(50,202,837	)	$	29,751,374
Statutory Tax Rates		21	%		21	%		21	%
Expense/(Recovery) based on Statutory Rates		21,615,452			(10,542,596	)		6,247,788
Pass-throughs and Non-controlling Interests		—			49,203			(1,062,111	)
State Taxes		14,836,807			(1,536,694	)		(279,899	)
Provision to Return Adjustment		5,299,091			(1,209,592	)		53,304
Adjustments for Stock Compensation		(211,132	)		(1,952,083	)		—
Non-deductible Expenses		27,570,364			14,166,223			2,263,978
Change in State Rate Reconciliation		(2,535,415	)		513,338			—
Change in Valuation Allowance		7,705,790			7,604,098			—
Change in Uncertain Tax Position		9,918,112			2,113,263			—
Other Differences		(346,267	)		138,873			(39,465	)
Income Tax Expense	$	83,852,802		$	9,344,033		$	7,183,595

Summary Of The Components Of Deferred Tax Assets And Liabilities Were as Follows

At December 31, 2020 and December 31, 2019, the components of deferred tax assets and liabilities were as follows:

	Year Ended December 31,
	2020			2019
Deferred Tax Assets
Operating Lease Liabilities	$	33,641,132		$	10,483,126
Net Operating Losses		13,236,414			12,997,199
163(j) Interest Limitation		5,481,144			—
Warrant Fair Value Derivative		5,251,087			—
Stock-based Compensation		7,096,512			4,592,242
Other		3,453,748			519,437
Valuation Allowance		(17,033,118	)		(7,604,098	)
Total Deferred Tax Assets		51,126,919			20,987,906
Deferred Tax Liabilities
Operating Right of Use Assets	$	(31,211,307	)	$	(10,176,807	)
Fair Value Investments		(7,734,744	)		(1,080,760	)
Intangibles		(37,398,110	)		(43,896,437	)
Total Deferred Tax Liabilities		(76,344,161	)		(55,154,005	)
Net Deferred Tax Liabilities	$	(25,217,242	)	$	(34,166,099	)

Summary of The Reconciliation of The Beginning and Ending Amount of Unrecogized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance as of December 31, 2018	$	—
Additions for current year		1,720,865
Additions for prior year		392,398
Subtractions for current year		—
Balance as of December 31, 2019	$	2,113,263
Additions for current year		7,536,097
Additions for prior year		2,382,014
Subtractions for current year		(1,690,986	)
Balance as of December 31, 2020	$	10,340,388