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Income Taxes
3 Months Ended
Mar. 31, 2022
Income Taxes  
Income Taxes

Note 16 – Income Taxes

The Company’s effective tax rate was 0.21% and 0.74% for the three months ended March 31, 2022 and 2021, respectively. Differences between the statutory rate and the Company's effective tax rate resulted from changes in valuation allowance and permanent differences for tax purposes in the treatment of certain nondeductible expenses.