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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes Our provision for income taxes consists of the following (in thousands):
Year Ended December 31,
202220212020
Current:
State and local
$(103)$(120)$(248)
Federal
(350)— — 
Income tax expense$(453)$(120)$(248)
Schedule of Reconciliation of Effective Tax Rate and the U.S. Federal Statutory Income Tax Rate A reconciliation of our effective tax rate and the U.S. Federal statutory income tax rate is as follows:
 Year Ended December 31,
 202220212020
Taxes at statutory U.S. federal income tax rate21.00 %21.00 %21.00 %
Dividends paid deduction and net operating loss utilization(21.00)%(21.00)%(21.00)%
Federal taxes0.93 %— %— %
State and local income taxes0.27 %(0.74)%0.05 %
Effective tax rate1.20 %(0.74)%0.05 %