Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.22.2
Income Taxes
 6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesDuring the three months ended June 30, 2022 and 2021, the Company recorded income tax expense (benefit) of $109,179 and $(665,992), respectively. During the six months ended June 30, 2022 and 2021, the Company recorded income tax expense (benefit) of $122,403 and $(1,030,140), respectively. The Company’s effective tax rates differ from the federal statutory tax rate due to permanent differences and state taxes. The negative effective tax rates for the three and six months ended June 30, 2021 were primarily driven by excess tax benefits from exercise of stock options.