Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.22.1
Income Taxes
 3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesDuring the three months ended March 31, 2022 and 2021, the Company recorded income tax expense (benefit) of $13,224 and $(364,148), respectively. The Company’s effective tax rate differs from the federal statutory tax rate due to permanent differences and state taxes. The Company’s negative effective tax rate for the three months ended March 31, 2022 is primarily due to the pre-tax income reported by the Joint Corp., without the VIE. The negative effective tax rate for the three months ended March 31, 2021 was primarily driven by excess tax benefits from exercise of stock options.