|12 Months Ended|
Dec. 31, 2019
|Income Tax Disclosure [Abstract]|
Note 8 — Income Tax
The Company's net deferred tax liability at December 31, 2019 is as follows:
The income tax provision for the year ended December 31, 2019 consists of the following:
As of December 31, 2019, the Company did not have any U.S. federal and state net operating loss carryovers ("NOLs") available to offset future taxable income.
A reconciliation of the federal income tax rate to the Company's effective tax rate at December 31, 2019 is as follows:
The Company files income tax returns in the U.S. federal jurisdiction and is subject to examination by the various taxing authorities. The Company's tax returns since inception remain open and subject to examination.
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef