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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

2021

2020

Taxes currently payable

 

 

 

 

 

 

Federal

$

560,808

$

1,610,924

State

 

 

1,199,569

 

 

1,229,752

Deferred Income Taxes

 

1,971,596

 

1,220,637

Total Income Tax Expense

 

$

3,731,973

 

$

4,061,313

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]
   

2021

 

2020

             

Balance, beginning of year

 

$

44,155

 

$

 -

Increases related to prior year tax positions

   

 -

   

44,155

Decreases related to prior year tax positions

 

 

(5,482)

 

 

 -

Increases related to current year tax positions

   

 -

   

 -

Settlements

 

 

 -

 

 

 -

Balance, end of year

 

$

38,673

 

$

44,155

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

2021

 

2020

             

Statutory Tax Rate

 

21.00

%

 

21.00

%

Effect of:

           

State Income Taxes Net of Federal Tax Benefit

 

6.72

 

 

8.79

 

Forgiveness of PPP Loan

 

(3.83)

   

 -

 

Permanent Differences and Other, Net

 

(0.54)

 

 

(0.57)

 

Effective tax rate

 

23.35

 %

 

29.22

%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

2021

 

2020

Deferred Tax Assets

 

 

 

 

 

 

Accrued Expenses

 

$

(415,464)

 

$

(465,304)

Deferred Compensation

 

 

(131,412)

 

 

(263,355)

Other

   

(122,939)

   

(131,291)

Unrealized Loss on SWAP

 

 

(252,112)

 

 

(776,730)

State NOL

   

 -

   

(52,854)

Leases

 

 

(321,530)

 

 

(353,043)

Total Deferred Tax Assets

 

 

(1,243,457)

 

 

(2,042,577)

 

 

 

 

 

 

 

Deferred Tax Liabilities

           

Fixed Assets

 

 

14,921,908

 

 

12,306,391

Intangible Assets

   

4,124,935

   

5,049,532

Investments

 

 

1,180,314

 

 

1,208,856

Contract Assets

   

189,089

   

120,331

Leases

 

 

311,711

 

 

345,876

Total Deferred Tax Liabilities:

 

 

20,727,957

 

 

19,030,986

 

 

 

 

 

 

 

Total Net Deferred Taxes

 

$

19,484,500

 

$

16,988,409