Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Summary of current and deferred income tax expense (benefit)

	For the Years Ended December 31,
	2021		2020
Current expense (benefit):
Federal	$	—	$	5,085
State		—		88
Total current expense (benefit)		—		5,173
Deferred expense (benefit):
Federal		—		(1,378,731)
State		—		(53,435)
Total deferred expense (benefit)		—		(1,432,166)
Total income tax expense (benefit)	$	—	$	(1,426,993)

Summary of reconciliation of the Company's statutory income tax rate to the Company's effective income tax rate

	For the Years Ended December 31,
	2021		2020
Income at US statutory rate	21.00	%	21.00	%
State taxes, net of federal benefit	(0.61)	%	1.56	%
Permanent differences	22.31	%	(2.68)	%
Recapitalization	0.00	%	36.49	%
Pass through income to members	0.00	%	(32.71)	%
Book income return to provision	7.43	%	0.00	%
Valuation allowance	(55.55)	%	(17.22)	%
Adjustment to opening deferrals - short period	5.42	%	0.00	%
Effective income tax rate	0.00	%	6.44	%

Summary of significant components of the Company's deferred tax assets and liabilities

	For the Years Ended December 31,
	2021		2020
Accruals	$	186,739	$	90,222
Intangible assets		(1,006,954)		(1,238,128)
Depreciation and amortization		5,669,065		5,661,235
Expenses not currently deductible		815,108		148,708
Net operating loss carryforwards		3,702,789		57,266
Interest expense limitation		96,920		25,547
Stock-based compensation		2,716,370		2,505,425
Valuation allowance		(12,180,037)		(7,250,275)
Total deferred tax liability	$	—	$	—