LuxUrban Hotels (LUXH) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 09, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-41473
Entity Registrant Name	LUXURBAN HOTELS INC.
Entity Central Index Key	0001893311
Entity Tax Identification Number	82-3334945
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2125 Biscayne Blvd
Entity Address, Address Line Two	Suite 253
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33137
City Area Code	(833)
Local Phone Number	723-7368
Title of 12(b) Security	Common stock, $0.00001 par value per share
Trading Symbol	LUXH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32,416,967

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash and Cash Equivalents	$ 2,880,909	$ 1,076,402
Treasury Bills		2,661,382
Processor Retained Funds	6,952,243	6,734,220
Prepaid Expenses and Other Current Assets	702,143	963,300
Security Deposits - Current	112,290	112,290
Total Current Assets	10,647,585	11,547,594
Other Assets
Furniture and Equipment, Net	435,860	197,129
Restricted Cash	1,100,000	1,100,000
Security Deposits - Noncurrent	15,141,105	11,233,385
Prepaid Expenses and Other Noncurrent Assets	559,838	559,838
Operating Lease Right-of-Use Assets, Net	169,282,279	83,325,075
Total Other Assets	186,519,082	96,415,427
Total Assets	197,166,667	107,963,021
Current Liabilities
Accounts Payable and Accrued Expenses	7,277,439	6,252,491
Rents Received in Advance	5,196,743	2,566,504
Short Term Business Financing	825,905	2,003,015
Loans Payable - Current	6,480,294	10,324,519
Operating Lease Liabilities - Current	4,682,746	4,293,085
Accrued Income Taxes	122,161
Total Current Liabilities	24,585,288	25,439,614
Long-Term Liabilities
Loans Payable	1,667,522	1,689,193
Security Deposit Letter of Credit	3,500,000	2,500,000
Operating Lease Liabilities – Noncurrent	168,845,549	81,626,338
Total Long-Term Liabilities	174,013,071	85,815,531
Total Liabilities	198,598,359	111,255,145
Stockholders’ Deficit
Common Stock ($0.00001 par value, 90,000,000 shares authorized; 29,392,464 and 27,691,918 shares issued and outstanding on March 31, 2023 and December 31, 2022; respectively)	293	276
Additional Paid-In Capital	22,367,541	17,726,592
Accumulated Deficit	(23,799,526)	(21,018,992)
Total Stockholders’ Deficit	(1,431,692)	(3,292,124)
Total Liabilities and Stockholders’ Deficit	$ 197,166,667	$ 107,963,021

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	29,392,464	27,691,918
Common stock, shares outstanding	29,392,464	27,691,918

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net Rental Revenue	$ 22,814,175	$ 9,099,425
Rent Expense	5,421,867	2,282,783
Non-Cash Rent Expense Amortization	1,651,669	255,967
Other Expenses	10,378,765	4,047,412
Total Cost of Revenue	17,452,301	6,586,162
Gross Profit	5,361,874	2,513,263
General and Administrative Expenses	2,742,586	979,606
Non-Cash Issuance of Shares for Operating Expenses	884,816
Non-Cash Stock Compensation Expense	429,996
Non-Cash Option Compensation Expense	167,573
Total Operating Expenses	4,224,971	979,606
Income from Operations	1,136,903	1,533,657
Other Income (Expense)
Other Income	39,878	449,913
Cash Interest and Financing Costs	(2,130,605)	(564,137)
Non-Cash Financing Costs	(1,704,549)
Total Other Expense	(3,795,276)	(114,224)
(Loss) Income Before Provision for Income Taxes	(2,658,373)	1,419,433
Provision for Income Taxes	122,161	0
Net (Loss) Income	$ (2,780,534)	$ 1,419,433
Basic and Diluted (Loss) Income Per Common Share	$ (0.10)	$ 0.07
Basic and Diluted Weighted Average Number of Common Shares Outstanding	28,659,358	21,675,001

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Common Stock [Member]	Stockholder Member Deficit [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance - December 31 2021 at Dec. 31, 2021		$ (11,214,050)			$ (11,214,050)
Beginning balance, shares at Dec. 31, 2021
Cumulative effect changes in accounting principle		(414,373)			(414,373)
Conversion to C Corp	$ 216	11,628,423		(11,628,639)
Conversion to C Corp, sahres	21,675,001
Net Income				1,419,433	1,419,433
Balance - March 31, 2022 at Mar. 31, 2022	$ 216			(10,209,206)	(10,208,990)
Ending balance, shares at Mar. 31, 2022	21,675,001
Balance - December 31 2021 at Dec. 31, 2022	$ 276		17,726,592	(21,018,992)	(3,292,124)
Beginning balance, shares at Dec. 31, 2022	27,691,918
Net Income				(2,780,534)	(2,780,534)
Non-Cash Stock Compensation Expense	$ 2		429,996		429,998
Non-Cash Stock Compensation Expense, sahres	166,665
Non-Cash Stock Option Expense			167,573		167,573
Non-Cash Issuance of Shares for Operating Expenses	$ 4		884,812		884,816
Non-Cash Issuance of Shares for Operating Expenses, sahres	433,881
Conversion of Loans	$ 9		2,699,991		2,700,000
Conversion of Loans, sahres	900,000
Warrant Exercise	$ 2		399,998		400,000
Warrant Exercise, sahres	200,000
Loss on Debt Extinguishment			58,579		58,579
Balance - March 31, 2022 at Mar. 31, 2023	$ 293		$ 22,367,541	$ (23,799,526)	$ (1,431,692)
Ending balance, shares at Mar. 31, 2023	29,392,464

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Net (Loss) Income	$ (2,780,534)	$ 1,419,433
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Non-cash stock compensation expense	429,996
Non-cash stock option expense	167,573
Depreciation expense	11,031
Shares issued for operating expenses	884,816
Non-cash lease expense	6,456,386	2,538,750
Gain on sale of Treasury Bills	(31,014)
Non-cash Financing Charges Associated with Short Term Business Financing	78,402
Loss on Debt Extinguishment	58,579
(Increase) Decrease in:
Processor retained funds	(218,023)	(1,590,117)
Prepaid expense and other assets	261,157	(37,713)
Security deposits	(3,907,720)	(200,000)
(Decrease) Increase in:
Accounts payable and accrued expenses	1,024,948	(14,401)
Operating lease liabilities	(4,804,716)	(2,451,028)
Rents received in advance	2,630,239	610,331
Accrued Income Taxes	122,161
Net cash provided by operating activities	383,281	275,255
Cash Flows from Investing Activities
Purchase of Furniture and Equipment	(249,762)
Proceeds from the sale of Treasury Bills	2,692,396
Net cash provided by investing activities	2,442,634
Cash Flows from Financing Activities
Deferred offering costs - net		(43,779)
(Repayments of) proceeds from short term business financing - net	(1,255,512)	370,175
Warrant Exercises	400,000
Repayments of loans payable - net	(165,896)	(546,460)
Net cash used in financing activities	(1,021,408)	(220,064)
Net Increase in Cash and Cash Equivalents and Restricted Cash	1,804,507	55,191
Cash and Cash Equivalents and Restricted Cash - beginning of the period	2,176,402	1,106,998
Cash and Cash Equivalents and Restricted Cash - end of the period	3,980,909	1,162,189
Cash and Cash Equivalents	2,880,909	62,189
Restricted Cash	1,100,000	1,100,000
Total Cash and Cash Equivalents and Restricted Cash	3,980,909	1,162,189
Supplemental Disclosures of Cash Flow Information
Taxes
Interest	2,130,605	421,275
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets	88,267,775
Noncash financing activities:
Conversion of debt to common stock and additional paid-in capital	$ 2,700,000

DESCRIPTION OF BUSINESS AND PRI

DESCRIPTION OF BUSINESS AND PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND PRINCIPLES OF CONSOLIDATION	1 - DESCRIPTION OF BUSINESS AND PRINCIPLES OF CONSOLIDATION LuxUrban Hotels Inc. (“LUXH”) utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. The Company currently manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles. In late 2021, LUXH commenced the process of winding down its legacy business of leasing and re-leasing multifamily residential units, as it pivoted toward its new strategy of leasing hotels. The consolidated financial statements include the accounts of LuxUrban Hotels Inc. (“LuxUrban”) and its wholly owned subsidiary SoBeNY Partners LLC (“SoBeNY”). On November 2, 2022, CorpHousing Group Inc. (“CorpHousing”) changed its name to LuxUrban Hotels Inc. In June 2021, the members of SoBeNY exchanged all of their membership interests for additional membership interests in Corphousing LLC, with SoBeNY becoming a wholly owned subsidiary of Corphousing LLC. Both entities were under common control at the time of the transaction. Since there was no change in control over the net assets, there is no change in basis in the net assets. In January 2022, Corphousing LLC and its wholly owned subsidiary, SoBeNY, converted into C corporations, with the then current members of Corphousing LLC becoming the stockholders of the newly formed C corporation, CorpHousing Group Inc. The conversion has no effect on our business or operations and was undertaken to convert the forms of these legal entities into corporations for purposes of operating as a public company. All properties, rights, businesses, operations, duties, obligations and liabilities of the predecessor limited liability companies remain those of CorpHousing Group Inc. and SoBeNY Partners Inc. All significant intercompany accounts and transactions have been eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation b. Revenue Recognition The Company accounts for revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606 which was adopted at the beginning of fiscal year 2018 using the modified retrospective method. The Company did not recognize any cumulative-effect adjustment to retained earnings upon adoption as the effect was immaterial. Payment received for the future use of a rental unit is recognized as a liability and reported as rents received in advance on the balance sheets. Rents received in advance are recognized as revenue after the rental unit is occupied by the customer for the agreed upon length of time. The rents received in advance balance as of March 31, 2023 and December 31, 2022, was $ 5,196,743 2,566,504 c. Use of Estimates d. Cash and Cash Equivalents 2,880,909 2,650,062 1,076,402 e. Fair Value of Financial Instruments f. Advertising 90 26 f. Commissions 3,073,533 1,297,170 g. Income Taxes Accounting for Uncertainty in Income Taxes, The Company is subject to income taxes in the jurisdictions in which it operates. The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carry-forwards. A valuation allowance is recorded for deferred tax assets if it is more likely than not that the deferred tax assets will not be realized. For the three months ended March 31, 2023, the Company recorded a tax provision of $ 122,161 no h. Sales Tax 0 229,371 i. Paycheck Protection Program Loan (“PPP”) j. Earnings Per Share (“EPS”) k. Liquidity — 2,780,534 13,937,703 4,682,746 l. Reclassifications —

LEASES

LEASES	3 Months Ended
	Mar. 31, 2023
Leases
LEASES	3 - LEASES In February 2017, the FASB issued ASU No. 2016-02, Leases (“Topic 842”), to provide guidance on recognizing lease assets and lease liabilities on the consolidated balance sheet and disclosing key information about lease arrangements, specifically differentiating between different types of leases. The Company adopted Topic 842, with an effective date of January 1, 2022. The consolidated financial statements from this date are presented under the new standard, while the comparative periods presented are not adjusted and continue to be reported in accordance with the Company’s historical accounting policy. This standard requires all lessees to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments. Under Topic 842, the Company applied a dual approach to all leases whereby the Company is a lessee and classifies leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the Company. Lease classification is evaluated at the inception of the lease agreement. Regardless of classification, the Company records a right-of-use asset and a lease liability for all leases with a term greater than 12 months. Operating lease expense is recognized on a straight-line basis over the term of the lease. Operating right of use (“ROU”) assets and operating lease liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating right of use assets represent our right to use an underlying asset and is based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, we estimate incremental secured borrowing rates corresponding to the maturities of the leases. The adoption of the new lease standard had a significant impact on the Consolidated Balance Sheets, resulting in the recognition on 1/1/2022 a right-of-use asset of $ 36,304,289 7,370,890 29,884,584 414,373 The components of the right-of-use assets and lease liabilities as of March 31, 2023 and December 31, 2022 are as follows: At March 31, 2023 and December 31, 2022, supplemental balance sheet information related to leases were as follows: Schedule of supplemental balance sheet information related to leases March 31, December 31, Operating lease right of use assets, net $ 169,282,279 $ 83,325,075 Operating lease liabilities, current portion $ 4,682,746 $ 4,293,085 Operating lease liabilities, net of current portion $ 168,845,549 $ 81,626,338 At March 31 2023, future minimum lease payments under the non-cancelable operating leases are as follows: Schedule of future minimum lease payments under the non-cancelable operating leases Twelve Months Ending March 31, 2024 $ 21,988,842 2025 23,999,030 2026 24,656,593 2027 23,549,065 2028 21,273,314 Thereafter 212,308,969 Total lease payment $ 327,775,813 Less interest (154,247,518 ) Present value obligation 173,528,295 Short-term liability 4,682,746 Long-term liability 168,845,549 The following summarizes other supplemental information about the Company’s operating lease: Schedule of other supplemental information related to operating lease March 31, 2023 Weighted average discount rate 10 % Weighted average remaining lease term (years) 13.0 Three Months Ended Operating lease cost $ 6,456,680 Short-term lease cost $ 616,856 Total lease cost $ 7,073,536

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	4 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued expenses totaled $ 7,277,439 6,252,492 1,434,000 1,740,000 1,150,000 53,000 472,000 543,000 1,240,000 218,000 225,000 202,000 1,570,000 1,002,000 805,000 572,000 507,000 495,000 371,000 104,000 268,000 265,000 135,000 158,000 122,161 no Of the $1,740,000 of 1,704,549 614,252 Of the legal amounts accrued, the company believes the accrual best estimates the most likely outcomes of these matters however the range of outcomes could be between $900,000–$1,200,000. Of these amounts, $500,000–$700,000 is related to landlord matters associated with the exit of SoBeNY, $300,000 is related to a payment processor and $100,000–$200,000 is related to employee matters.

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE — SBA — PPP LOAN	3 Months Ended
	Mar. 31, 2023
Loans Payable Sba Ppp Loan
LOANS PAYABLE — SBA — PPP LOAN	5 - LOANS PAYABLE — SBA — PPP LOAN On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted to provide emergency assistance for individuals, families, and organizations affected by the coronavirus pandemic. The PPP, created through the CARES Act, provides qualified organizations with loans of up to $ 10,000,000 In April and May 2020, SoBeNY and CorpHousing obtained funding of $ 516,225 298,958 15,932 1.00% Accrued interest at March 31, 2023 and December 31, 2022, was $ 747 5,571 Future minimum principal repayments of the SBA — PPP loans payable are as follows: Schedule of future minimum principal repayments of the SBA,PPP loans payable For the Twelve Months Ending March 31, 2023 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LOAN

LOANS PAYABLE — SBA — EIDL LOAN	3 Months Ended
	Mar. 31, 2023
Loans Payable Sba Eidl Loan
LOANS PAYABLE — SBA — EIDL LOAN	6 - LOANS PAYABLE — SBA — EIDL LOAN During 2020, the Company received three 3 30 3.75% no On April 21, 2020, SoBeNY received an EIDL loan in the amount of $ 500,000 3.75% 2,437 150,000 3.75% 731 150,000 3.75% 731 The outstanding balance at March 31, 2023 and December 31, 2022, was $ 800,000 800,000 Accrued interest at March 31, 2023 was $ 35,681 Future minimum principal repayments of the SBA — EIDL loans payable are as follows: Schedule of future minimum principal repayments of the SBA,EIDL loans payable For the Twelve Months Ending March 31, 2024 $ 19,177 2025 14,965 2026 15,536 2027 16,129 2028 16,744 Thereafter 717,449 Total $ 800,000

SHORT-TERM BUSINESS FINANCING

SHORT-TERM BUSINESS FINANCING	3 Months Ended
	Mar. 31, 2023
Short-term Business Financing
SHORT-TERM BUSINESS FINANCING	7 - SHORT-TERM BUSINESS FINANCING The Company entered into multiple short-term factoring agreements related to future credit card receipts to fund operations. The Company is required to repay this financing in fixed daily payments until the balance is repaid. Fees associated with the this financing have been recognized in interest expense in the accompanying consolidated statement of operations. As of March 31, 2023 and December 31, 2022, the outstanding balance on these merchant cash advances net of unamortized costs was $ 825,905 1,921,439

LOANS PAYABLE

LOANS PAYABLE	3 Months Ended
	Mar. 31, 2023
Disclosure Loans Payable Abstract
LOANS PAYABLE	8 - LOANS PAYABLE Loans payable consist of the following as of: Schedule of loans payable March 31, December 31, 2023 2022 Original borrowings of $ 250,000 1 no 210,500 210,500 Original payable of $ 151,096 252,954 1,500 404,050 369,524 392,044 Original payable of $ 553,175 72,237 25,000 625,412 450,000 450,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Borrowings of $ 9,075,000 638,388 5 no 3,216,308 8,275,040 Original borrowings of $ 60,000 1 60,000 60,000 Original amounts due of $ 195,000 10,000 25,000 20,000 65,000 Original borrowing of $ 119,224 14,903 119,224 119,224 Other borrowing 195,323 225,929 5,506,497 10,663,335 Less: 4,714,773 7,261,723 $ 791,724 $ 3,401,632 Future minimum principal repayments of the loans payable are as follows: Schedule of future minimum principal repayments of the loans payable For the Twelve Months Ending March 31, 2024 $ 4,714,773 2025 791,724 Loans payable $ 5,506,497

LOANS PAYABLE _ RELATED PARTIES

LOANS PAYABLE — RELATED PARTIES	3 Months Ended
	Mar. 31, 2023
Loans Payable Related Parties
LOANS PAYABLE — RELATED PARTIES	9 - LOANS PAYABLE — RELATED PARTIES Loans payable — related parties consists of the following: Schedule of loans payable, related parties March 31, December 31, 2023 2022 Original borrowings of $ 496,500 6% $ 198,000 $ 238,000​​ Less: 198,000 238,000 $ - $ - Future minimum principal repayments of the loans payable — related parties are as follows: Schedule of future minimum principal repayments of the loans payable, related parties For the Twelve Months Ending March 31, 2024 $ 198,000 Loans payable - related parties $ 198,000

CONVERTIBLE NOTES

CONVERTIBLE NOTES	3 Months Ended
	Mar. 31, 2023
Convertible Notes
CONVERTIBLE NOTES	10 - CONVERTIBLE NOTES Schedule of convertible notes payable March 31, December 31, 2023 2022 Borrowings of $ 2,079,686 5% $ 1,271,686 $ - Less: 1,271,686 - $ - $ - Schedule of future minimum principal repayments of the convertible notes payable For the Twelve Months Ending March 31, 2024 $ 1,271,686 Loans payable $ 1,271,686 On February 17, 2023, we entered into an exchange agreement with the investor pursuant to which all principal, interest and prepayment premium outstanding under this note which was exchanged for a convertible note in the principal amount of $ 2,079,686 August 17, 2023 808,000 58,579

LINE OF CREDIT

LINE OF CREDIT	3 Months Ended
	Mar. 31, 2023
Line Of Credit
LINE OF CREDIT	11 - LINE OF CREDIT In February 2019, the Company entered into a line of credit agreement in the amount of $ 95,000 8.00% 3.49% 94,975

SECURITY DEPOSIT LETTER OF CRED

SECURITY DEPOSIT LETTER OF CREDIT	3 Months Ended
	Mar. 31, 2023
Security Deposit Letter Of Credit
SECURITY DEPOSIT LETTER OF CREDIT	12 - SECURITY DEPOSIT LETTER OF CREDIT In November of 2022, the Company entered into a standby letter of credit agreement in the amount of $ 2,500,000 1,000,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	13 - RELATED PARTY TRANSACTIONS Consulting services related to the management of the Company, including overseeing the leasing of additional units and revenue management, were provided to the Company through a consulting agreement with SuperLuxMia LLC, a consulting firm owned by a stockholder of the Company. For the three months ended March 31, 2023, and 2022 were these consulting fees of the Company were zero 0 192,000 general and administrative expenses On December 20, 2022, the Company, and our chairman and chief executive officer, Brian Ferdinand (“Ferdinand”), entered into a Note Extension and Conversion Agreement with Greenle Partners LLC Series Alpha PS (“Greenle Alpha”) and Greenle Partners LLC Series Beta P.S., a Delaware limited liability company (“Greenle Beta” and, together with Greenle Alpha, “Greenle”). Greenle was the purchaser of 15% OID senior secured notes (the “Notes”) and warrants to purchase our common stock (“Warrants”) under certain securities purchase agreements and loan agreements between us and Greenle, including the Securities Purchase Agreement dated as of September 30, 2022, as amended by the letter agreement dated October 20, 2022, and the Loan Agreement dated as of November 23, 2022. Under the terms of the Note Extension and Conversion Agreement, Greenle has agreed to convert from time to time up to $ 3,000,000 1,000,000 3.00 1,250,000 3,000,000 874,474

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2023
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	14 - RISKS AND UNCERTAINTIES The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash. The Company places its cash with high quality credit institutions. At times, balances may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. All accounts at an insured depository institution are insured by the FDIC up to the standard maximum deposit insurance of $250,000 per institution.

MAJOR SALES CHANNELS

MAJOR SALES CHANNELS	3 Months Ended
	Mar. 31, 2023
Major Sales Channels
MAJOR SALES CHANNELS	15 - MAJOR SALES CHANNELS The Company uses third-party sales channels to handle the reservations, collections, and other rental processes for most of the units. These sales channels represented over 95%

STOCK OPTIONS AND WARRANTS

STOCK OPTIONS AND WARRANTS	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
STOCK OPTIONS AND WARRANTS	16 - STOCK OPTIONS AND WARRANTS Options During the three months ended March 31, 2023, the Company granted options to purchase an aggregate of 25,000 1.74 The fair value of each option award was estimated on the date of grant using the Black-Scholes option valuation model using the assumptions noted as follows: expected volatility was based on the historical volatility of a peer group of companies. The expected term of options granted was determined using the simplified method under SAB 107 which represents the mid-point between the vesting term and the contractual term. The risk-free rate is calculated using the U.S. Treasury yield curve and is based on the expected term of the option. The Black-Scholes option pricing model was used with the following weighted assumptions for options granted during the period: Schedule of Black-Scholes option pricing model was used with the following weighted assumptions for options granted March 31, Risk-free interest rate 0.52 4.70 % Expected option life 6 48 Expected volatility 39.77 66.59 % Expected dividend yield - % Exercise price $ 1.40 4.00 The following table summarizes stock option activity for the three months ended March 31, 2023: Schedule of stock option activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 1,910,484 $ 2.55 9.8 $ - Granted 25,000 1.74 Exercised - - Expired - - Forfeited (23,438 ) 4.00 Outstanding at March 31, 2023 1,912,046 $ 2.57 9.6 $ - Exercisable at March 31, 2023 - $ - - $ - The Company is expensing these stock option awards on a straight-line basis over the requisite service period. The Company recognized stock option expense of $ 167,573 3,993,843 2.4 A summary of the status of the Company’s nonvested options as of March 31, 2023, is presented below: Nonvested options Schedule of status of non vested options Number of Weighted Nonvested options at December 31, 2022 1,910,484 $ 2.55 Granted 25,000 1.74 Forfeited (23,438 ) 4.00 Vested - - Nonvested options at March 31, 2023 1,912,046 $ 2.57 Warrants In connection with certain private placements funded by certain of our officers and directors prior to our initial public offering, we issued notes and warrants. The warrants were contingent upon, and became effective only upon, consummation of our initial public offering on August 11, 2022. In total, 695,000 4.20 5 Also, in conjunction with the initial public offering, the Company issued 135,000 4.40 5 Also, in connection with certain private placements with a third-party investor, the Company issued 920,000 4.00 5 32,000 4.40 5 On September 16, September 30, and October 20, 2022 in conjunction with a financing with the same third-party investor, we issued 517,500 352,188 366,562 4.00 On February 15, 2023 in conjunction with an advisory agreement, we issued 250,000 4.00 The following table summarizes warrant activity for the three months ended March 31, 2023: Schedule of warrant activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 3,018,250 $ 2.64 - $ - Issued 250,000 4.00 Exercised (200,000 ) 3.00 - Expired - - - Outstanding at March 31, 2023 3,068,250 $ 2.79 4.5 $ 1,467,188 Exercisable at March 31, 2023 2,818,250 $ 2.68 4.4 $ 1,467,188 During the three months ended March 31, 2023, 200,000 shares were issued from the exercise of warrants.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17 - SUBSEQUENT EVENTS Letter Agreement On April 16, 2023 we entered into an agreement with the holders of our senior secured convertible notes totaling approximately $ 5,000,000 In connection with this agreement, we issued the holders’ of the notes a new warrant to purchase 1,000,000 shares of common stock at an exercise price of $3.00 per share and a new warrant to purchase 250,000 shares at an exercise price of $4.00 per share (the “New Warrants”). Warrant Exercises On April 27, 2023 1,000,000 2 2.0 856,000 2 1.7 EBOL Shares On April 28, 2023, the Company entered into a Release Agreement, by and between the Company, on the one hand, and Edward Rogers and EBOL Holdings LLC (collectively, the “Investor”), whereby the Company agreed to issue to the Investor 254,000 198,000 Convertible Note Conversion On April 19, 2023, $ 200,000 100,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	a. Basis of Presentation
Revenue Recognition	b. Revenue Recognition The Company accounts for revenue in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606 which was adopted at the beginning of fiscal year 2018 using the modified retrospective method. The Company did not recognize any cumulative-effect adjustment to retained earnings upon adoption as the effect was immaterial. Payment received for the future use of a rental unit is recognized as a liability and reported as rents received in advance on the balance sheets. Rents received in advance are recognized as revenue after the rental unit is occupied by the customer for the agreed upon length of time. The rents received in advance balance as of March 31, 2023 and December 31, 2022, was $ 5,196,743 2,566,504
Use of Estimates	c. Use of Estimates
Cash and Cash Equivalents	d. Cash and Cash Equivalents 2,880,909 2,650,062 1,076,402
Fair Value of Financial Instruments	e. Fair Value of Financial Instruments
Advertising	f. Advertising 90 26
Commissions	f. Commissions 3,073,533 1,297,170
Income Taxes	g. Income Taxes Accounting for Uncertainty in Income Taxes, The Company is subject to income taxes in the jurisdictions in which it operates. The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carry-forwards. A valuation allowance is recorded for deferred tax assets if it is more likely than not that the deferred tax assets will not be realized. For the three months ended March 31, 2023, the Company recorded a tax provision of $ 122,161 no
Sales Tax	h. Sales Tax 0 229,371
Paycheck Protection Program Loan (“PPP”)	i. Paycheck Protection Program Loan (“PPP”)
Earnings Per Share (“EPS”)	j. Earnings Per Share (“EPS”)
Liquidity	k. Liquidity — 2,780,534 13,937,703 4,682,746
Reclassifications	l. Reclassifications —

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2023
Leases
Schedule of supplemental balance sheet information related to leases	Schedule of supplemental balance sheet information related to leases March 31, December 31, Operating lease right of use assets, net $ 169,282,279 $ 83,325,075 Operating lease liabilities, current portion $ 4,682,746 $ 4,293,085 Operating lease liabilities, net of current portion $ 168,845,549 $ 81,626,338
Schedule of future minimum lease payments under the non-cancelable operating leases	Schedule of future minimum lease payments under the non-cancelable operating leases Twelve Months Ending March 31, 2024 $ 21,988,842 2025 23,999,030 2026 24,656,593 2027 23,549,065 2028 21,273,314 Thereafter 212,308,969 Total lease payment $ 327,775,813 Less interest (154,247,518 ) Present value obligation 173,528,295 Short-term liability 4,682,746 Long-term liability 168,845,549
Schedule of other supplemental information related to operating lease	Schedule of other supplemental information related to operating lease March 31, 2023 Weighted average discount rate 10 % Weighted average remaining lease term (years) 13.0 Three Months Ended Operating lease cost $ 6,456,680 Short-term lease cost $ 616,856 Total lease cost $ 7,073,536

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE — SBA — PPP LOAN (Tables)	3 Months Ended
	Mar. 31, 2023
Loans Payable Sba Ppp Loan
Schedule of future minimum principal repayments of the SBA,PPP loans payable	Schedule of future minimum principal repayments of the SBA,PPP loans payable For the Twelve Months Ending March 31, 2023 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LO_2

LOANS PAYABLE — SBA — EIDL LOAN (Tables)	3 Months Ended
	Mar. 31, 2023
Loans Payable Sba Eidl Loan
Schedule of future minimum principal repayments of the SBA,EIDL loans payable	Schedule of future minimum principal repayments of the SBA,EIDL loans payable For the Twelve Months Ending March 31, 2024 $ 19,177 2025 14,965 2026 15,536 2027 16,129 2028 16,744 Thereafter 717,449 Total $ 800,000

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2023
Disclosure Loans Payable Abstract
Schedule of loans payable	Schedule of loans payable March 31, December 31, 2023 2022 Original borrowings of $ 250,000 1 no 210,500 210,500 Original payable of $ 151,096 252,954 1,500 404,050 369,524 392,044 Original payable of $ 553,175 72,237 25,000 625,412 450,000 450,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Borrowings of $ 9,075,000 638,388 5 no 3,216,308 8,275,040 Original borrowings of $ 60,000 1 60,000 60,000 Original amounts due of $ 195,000 10,000 25,000 20,000 65,000 Original borrowing of $ 119,224 14,903 119,224 119,224 Other borrowing 195,323 225,929 5,506,497 10,663,335 Less: 4,714,773 7,261,723 $ 791,724 $ 3,401,632
Schedule of future minimum principal repayments of the loans payable	Schedule of future minimum principal repayments of the loans payable For the Twelve Months Ending March 31, 2024 $ 4,714,773 2025 791,724 Loans payable $ 5,506,497

LOANS PAYABLE _ RELATED PARTI_2

LOANS PAYABLE — RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2023
Loans Payable Related Parties
Schedule of loans payable, related parties	Schedule of loans payable, related parties March 31, December 31, 2023 2022 Original borrowings of $ 496,500 6% $ 198,000 $ 238,000​​ Less: 198,000 238,000 $ - $ -
Schedule of future minimum principal repayments of the loans payable, related parties	Schedule of future minimum principal repayments of the loans payable, related parties For the Twelve Months Ending March 31, 2024 $ 198,000 Loans payable - related parties $ 198,000

CONVERTIBLE NOTES (Tables)

CONVERTIBLE NOTES (Tables)	3 Months Ended
	Mar. 31, 2023
Convertible Notes
Schedule of convertible notes payable	Schedule of convertible notes payable March 31, December 31, 2023 2022 Borrowings of $ 2,079,686 5% $ 1,271,686 $ - Less: 1,271,686 - $ - $ -
Schedule of future minimum principal repayments of the convertible notes payable	Schedule of future minimum principal repayments of the convertible notes payable For the Twelve Months Ending March 31, 2024 $ 1,271,686 Loans payable $ 1,271,686

STOCK OPTIONS AND WARRANTS (Tab

STOCK OPTIONS AND WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Black-Scholes option pricing model was used with the following weighted assumptions for options granted	Schedule of Black-Scholes option pricing model was used with the following weighted assumptions for options granted March 31, Risk-free interest rate 0.52 4.70 % Expected option life 6 48 Expected volatility 39.77 66.59 % Expected dividend yield - % Exercise price $ 1.40 4.00
Schedule of stock option activity	Schedule of stock option activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 1,910,484 $ 2.55 9.8 $ - Granted 25,000 1.74 Exercised - - Expired - - Forfeited (23,438 ) 4.00 Outstanding at March 31, 2023 1,912,046 $ 2.57 9.6 $ - Exercisable at March 31, 2023 - $ - - $ -
Schedule of status of non vested options	Schedule of status of non vested options Number of Weighted Nonvested options at December 31, 2022 1,910,484 $ 2.55 Granted 25,000 1.74 Forfeited (23,438 ) 4.00 Vested - - Nonvested options at March 31, 2023 1,912,046 $ 2.57
Schedule of warrant activity	Schedule of warrant activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 3,018,250 $ 2.64 - $ - Issued 250,000 4.00 Exercised (200,000 ) 3.00 - Expired - - - Outstanding at March 31, 2023 3,068,250 $ 2.79 4.5 $ 1,467,188 Exercisable at March 31, 2023 2,818,250 $ 2.68 4.4 $ 1,467,188

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Jan. 02, 2022
Accounting Policies [Abstract]
Rents received in advance	$ 5,196,743		$ 2,566,504
Cash and Cash Equivalents	2,880,909		1,076,402
Cash equivalents	2,650,062		1,076,402
Advertising and marketing costs	90	$ 26
Pays commissions to third-party	3,073,533	1,297,170
Provision for income taxes	122,161	0
Accrued sales tax payable	0		229,371
Net loss	2,780,534	$ (1,419,433)
Working capital deficit	13,937,703
Operating lease liabilities, current portion	$ 4,682,746		$ 4,293,085	$ 7,370,890

LEASES (Details)

LEASES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Jan. 02, 2022
Leases
Operating lease right of use assets, net	$ 169,282,279	$ 83,325,075
Operating lease liabilities, current portion	4,682,746	4,293,085	$ 7,370,890
Operating lease liabilities, net of current portion	$ 168,845,549	$ 81,626,338	$ 29,884,584

LEASES (Details 1)

LEASES (Details 1) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Jan. 02, 2022
Leases
2024	$ 21,988,842
2025	23,999,030
2026	24,656,593
2027	23,549,065
2028	21,273,314
Thereafter	212,308,969
Total lease payment	327,775,813
Less interest	(154,247,518)
Present value obligation	173,528,295
Short-term liability	4,682,746	$ 4,293,085	$ 7,370,890
Long-term liability	$ 168,845,549	$ 81,626,338	$ 29,884,584

LEASES (Details 2)

LEASES (Details 2)	3 Months Ended
	Mar. 31, 2023 USD ($)
Leases
Weighted average discount rate	10%
Weighted average remaining lease term (years)	13 years
Operating lease cost	$ 6,456,680
Short-term lease cost	616,856
Total lease cost	$ 7,073,536

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Jan. 02, 2022
Leases
Operating lease right-of-use asset, net	$ 169,282,279	$ 83,325,075	$ 36,304,289
Operating Lease Liabilities - Current	4,682,746	4,293,085	7,370,890
Operating Lease Liabilities – Noncurrent	168,845,549	$ 81,626,338	$ 29,884,584
Cumulative effect adjustment of unamortized deferred lease costs incurred to retained earnings	$ 414,373

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Apr. 03, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 7,277,439		$ 6,252,492
Accrued payroll and related liabilities	1,434,000		1,570,000
Accrued interest	1,740,000		1,002,000
Legal exposure	1,150,000		805,000
Commissions	53,000		572,000
Credit cards payable	472,000		507,000
Professional fee	543,000		495,000
Utilities	1,240,000
Repairs and maintenance	218,000
Director fees	225,000		135,000
Other miscellaneous items	202,000		158,000
Sales and real estate taxes			371,000
Rent			104,000
Costs related to the initial public offering			268,000
Legal and accounting fees			265,000
Accrued income taxes	122,161		$ 0
Shares to be issued for revenue agreement	$ 1,704,549
Shares were issued to satisfaction obligation		614,252
Accounts payable description	Of the legal amounts accrued, the company believes the accrual best estimates the most likely outcomes of these matters however the range of outcomes could be between $900,000–$1,200,000. Of these amounts, $500,000–$700,000 is related to landlord matters associated with the exit of SoBeNY, $300,000 is related to a payment processor and $100,000–$200,000 is related to employee matters.

LOANS PAYABLE - SBA - PPP LOAN

LOANS PAYABLE - SBA - PPP LOAN (Details)	Mar. 31, 2023 USD ($)
Loans Payable Sba Ppp Loan
Loans Payable, SBA, PPP Loan, Maturity, Year One	$ 276,658

LOANS PAYABLE _ SBA _ PPP LOA_2

LOANS PAYABLE — SBA — PPP LOAN (Details Narrative) - USD ($)	1 Months Ended
	May 31, 2020	Mar. 31, 2023	Feb. 17, 2023	Jan. 30, 2023	Dec. 31, 2022	Dec. 20, 2022	Apr. 30, 2020	Mar. 27, 2020
Short-Term Debt [Line Items]
Original amount of loans payable			$ 2,079,686	$ 1,250,000		$ 3,000,000
PPP Loan
Short-Term Debt [Line Items]
Original amount of loans payable	$ 298,958						$ 516,225	$ 10,000,000
Monthly payment of loans payable	$ 15,932
Interest rate of loans payable							1%
Accrued interest		$ 747			$ 5,571

LOANS PAYABLE - SBA - EIDL LOAN

LOANS PAYABLE - SBA - EIDL LOAN (Details)	Mar. 31, 2023 USD ($)
Loans Payable Sba Eidl Loan
2024	$ 19,177
2025	14,965
2026	15,536
2027	16,129
2028	16,744
Thereafter	717,449
Total	$ 800,000

LOANS PAYABLE _ SBA _ EIDL LO_3

LOANS PAYABLE — SBA — EIDL LOAN (Details Narrative)

1 Months Ended

12 Months Ended

Jul. 25, 2022 USD ($)

Jun. 18, 2022 USD ($)

Apr. 21, 2022 USD ($)

Dec. 31, 2020 USD ($) Item

Mar. 31, 2023 USD ($)

Feb. 17, 2023 USD ($)

Jan. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 20, 2022 USD ($)

Jul. 25, 2020 USD ($)

Jun. 18, 2020 USD ($)

Apr. 21, 2020 USD ($)

Short-Term Debt [Line Items]

Original amount of loans payable

$ 2,079,686

$ 1,250,000

$ 3,000,000

EIDL

Short-Term Debt [Line Items]

Number of loans | Item

3

Loan payable term

30 years

Interest rate of loans payable

3.75%

3.75%

3.75%

3.75%

Prepayment penalty

$ 0

Original amount of loans payable

$ 150,000

$ 150,000

$ 500,000

Monthly payments of principal and interest

$ 731

$ 731

$ 2,437

Loans payable - SBA - EIDL Loan

$ 800,000

$ 800,000

Accrued interest

$ 35,681

SHORT-TERM BUSINESS FINANCING (

SHORT-TERM BUSINESS FINANCING (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Short-term Business Financing
Merchant cash advances net of unamortized fees	$ 825,905	$ 1,921,439

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Feb. 17, 2023	Jan. 30, 2023	Dec. 31, 2022	Dec. 20, 2022
Short-Term Debt [Line Items]
Original amount of loans payable			$ 2,079,686	$ 1,250,000		$ 3,000,000
Loans payable	$ 5,506,497
Original borrowing	119,224				$ 119,224
Other borrowing	195,323				225,929
Other borrowings	5,506,497				10,663,335
Less: Current maturities	4,714,773				7,261,723
Loans payable non current	791,724				3,401,632
Original borrowings of $250,000, bears interest at 1%, requires no payments until maturity in January 2024
Short-Term Debt [Line Items]
Original amount of loans payable	$ 250,000				$ 250,000
Interest rate of loans payable	1%				1%
Additional borrowings	$ 0				$ 0
Loans payable	210,500				210,500
Original payable of $151,096 with additional net borrowings of $89,154, requires monthly payments of $1,500 until total payments of $240,250 have been made
Short-Term Debt [Line Items]
Original amount of loans payable	151,096				151,096
Additional borrowings	252,954				252,954
Loans payable	369,524				392,044
Monthly payment of loans payable	1,500	$ 1,500
Total payments made	404,050				404,050
Original payable of $553,175 with additional net borrowings of $125,412, requires monthly payments of $25,000 until total payments of $678,587 have been made
Short-Term Debt [Line Items]
Original amount of loans payable	553,175				553,175
Additional borrowings	72,237				72,237
Loans payable	450,000				450,000
Monthly payment of loans payable	25,000	25,000
Total payments made	625,412				625,412
Original payable of $492,180, requires monthly payments of $25,000 until total payments of $492,180 have been made
Short-Term Debt [Line Items]
Original amount of loans payable	492,180				492,180
Additional borrowings	620,804				620,804
Loans payable	865,618				865,618
Monthly payment of loans payable	25,000	25,000
Total payments made	1,112,984				1,112,984
Original borrowings of $4,580,000 and unamortized original issue discount of $453,750, bears interest at 5%, requires no payments until maturity in May 2023
Short-Term Debt [Line Items]
Original amount of loans payable	$ 9,075,000				$ 9,075,000
Interest rate of loans payable	5%				5%
Additional borrowings	$ 0				$ 0
Loans payable	3,216,308				8,275,040
Debt Instrument, unamortized discount	638,388				638,388
Original borrowings of $60,000, bears interest at 1%, requires no payments until maturity in January 2024
Short-Term Debt [Line Items]
Original amount of loans payable	$ 60,000				$ 60,000
Interest rate of loans payable	1%				1%
Loans payable	$ 60,000				$ 60,000
Original borrowing	119,224				119,224
Original amounts due of $195,000, related to services provided by a vendor, requires monthly payments of $10,000 through May 2022, then monthly payments of $25,000 through August 2022 at which time any remaining balance is due
Short-Term Debt [Line Items]
Original amount of loans payable	195,000				195,000
Additional borrowings	10,000				10,000
Loans payable	20,000				$ 65,000
Monthly payment of loans payable	25,000	25,000
Original borrowings of $496,500, bears interest at 6%, requires no payments until maturity in May 2023
Short-Term Debt [Line Items]
Monthly payment of loans payable	$ 14,903	$ 14,903

LOANS PAYABLE (Details 1)

LOANS PAYABLE (Details 1)	Mar. 31, 2023 USD ($)
Disclosure Loans Payable Abstract
2024	$ 4,714,773
2025	791,724
Loans payable	$ 5,506,497

LOANS PAYABLE - RELATED PARTIES

LOANS PAYABLE - RELATED PARTIES (Details) - USD ($)	Mar. 31, 2023	Feb. 17, 2023	Jan. 30, 2023	Dec. 31, 2022	Dec. 20, 2022
Short-Term Debt [Line Items]
Original amount of loans payable		$ 2,079,686	$ 1,250,000		$ 3,000,000
Loans payable - related parties	$ 198,000
Less: Current maturities	198,000			$ 238,000
Loans payable - related parties, non current
Original borrowings of $496,500, bears interest at 6%, requires no payments until maturity in May 2023 | Lender, Stockholder of the Company
Short-Term Debt [Line Items]
Original amount of loans payable	$ 496,500			$ 496,500
Interest rate of loans payable	6%			6%
Loans payable - related parties	$ 198,000			$ 238,000

LOANS PAYABLE - RELATED PARTI_2

LOANS PAYABLE - RELATED PARTIES (Details 1)	Mar. 31, 2023 USD ($)
Loans Payable Related Parties
2024	$ 198,000
Loans payable - related parties	$ 198,000

CONVERTIBLE NOTES (Details)

CONVERTIBLE NOTES (Details) - USD ($)	Mar. 31, 2023	Feb. 17, 2023	Jan. 30, 2023	Dec. 31, 2022	Dec. 20, 2022
Short-Term Debt [Line Items]
Original amount of loans payable		$ 2,079,686	$ 1,250,000		$ 3,000,000
Convertible notes - related parties current	$ 1,271,686
Convertible notes loans payable non current - related parties
Original borrowings of $1,966,019, bears interest at 6%, requires no payments until maturity in April 2023 | Lender, related to the managing stockholder
Short-Term Debt [Line Items]
Original amount of loans payable	$ 2,079,686			$ 2,079,686
Interest rate of loans payable	5%			5%
Convertible notes - related parties	$ 1,271,686

CONVERTIBLE NOTES (Details 1)

CONVERTIBLE NOTES (Details 1)	Mar. 31, 2023 USD ($)
Convertible Notes
2024	$ 1,271,686
Loans payable	$ 1,271,686

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Feb. 17, 2023	Jan. 30, 2023	Dec. 20, 2022
Convertible Notes
Aggregate principal amount		$ 2,079,686	$ 1,250,000	$ 3,000,000
Maturity date	Aug. 17, 2023
Repayment of convertible debt	$ 808,000
Loss on extinguishment of debt	$ 58,579

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Feb. 28, 2019
Line of Credit Facility [Line Items]
Line of credit outstanding balance	$ 94,975	$ 94,975
Line of Credit [Member]
Line of Credit Facility [Line Items]
Amount borrowed under convertible credit line			$ 95,000
Interest rate, variable	3.49%
Line of Credit [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Interest rate, stated	8%

SECURITY DEPOSIT LETTER OF CR_2

SECURITY DEPOSIT LETTER OF CREDIT (Details Narrative) - USD ($)	Mar. 31, 2023	Jan. 31, 2023	Dec. 31, 2022	Nov. 30, 2022
Line of Credit Facility [Line Items]
Security deposit letter of credit	$ 3,500,000		$ 2,500,000
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Security deposit letter of credit		$ 1,000,000		$ 2,500,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Dec. 20, 2022	Mar. 31, 2023	Mar. 31, 2022	Feb. 17, 2023	Jan. 30, 2023
Related Party Transaction [Line Items]
Aggregate principal amount	$ 3,000,000			$ 2,079,686	$ 1,250,000
Conversion of common stock shares	1,000,000
Conversion price	$ 3
Debt amount converted		$ 3,000,000
Provided Conversion Shares		874,474
General and Administrative Expense [Member] | Consulting Services [Member] | SuperLuxMia LLC, By A Firm By Stockholder [Member]
Related Party Transaction [Line Items]
Transaction amount with related parties		$ 0	$ 192,000

MAJOR SALES CHANNELS (Details N

MAJOR SALES CHANNELS (Details Narrative)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Sales Channels [Member]
Product Information [Line Items]
Total rental revenue, percentage	95%	95%

STOCK OPTIONS AND WARRANTS (Det

STOCK OPTIONS AND WARRANTS (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares
Risk-free interest rate, minimum	0.52%
Risk-free interest rate, maximum	4.70%
Expected volatility, minimum	39.77%
Expected volatility, maximum	66.59%
Expected dividend yield
Minimum [Member]
Expected option life	6 months
Exercise price	$ 1.40
Maximum [Member]
Expected option life	48 months
Exercise price	$ 4

STOCK OPTIONS AND WARRANTS (D_2

STOCK OPTIONS AND WARRANTS (Details 1)	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Equity [Abstract]
Outstanding at the beginning (in shares) | shares	1,910,484
Outstanding at the beginning (in dollars per shares) | $ / shares	$ 2.55
Weighted Average Remaining Contractual Life (years)	9 years 9 months 18 days
Aggregate intrinsic value, outstanding at the beginning | $
Granted (in shares) | shares	25,000
Granted (in dollars per shares) | $ / shares	$ 1.74
Exercised (in shares) | shares
Exercised (in dollars per shares) | $ / shares
Expired (in shares) | shares
Expired (in dollars per shares) | $ / shares
Forfeited (in shares) | shares	(23,438)
Forfeited (in dollars per shares) | $ / shares	$ 4
Outstanding at the end (in shares) | shares	1,912,046
Outstanding at the end (in dollars per shares) | $ / shares	$ 2.57
Weighted Average Remaining Contractual Life (years)	9 years 7 months 6 days
Aggregate intrinsic value, outstanding at the end | $
Number of share exercisable | shares
Weighted Average Exercise Price exercisable | $ / shares
Aggregate Intrinsic Value exercisable | $

STOCK OPTIONS AND WARRANTS (D_3

STOCK OPTIONS AND WARRANTS (Details 2)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Equity [Abstract]
Nonvested options at the beginning | shares	1,910,484
Nonvested options at the beginning (in dollars per share) | $ / shares	$ 2.55
Granted | shares	25,000
Granted (in dollars per share) | $ / shares	$ 1.74
Forfeited | shares	(23,438)
Forfeited (in dollars per share) | $ / shares	$ 4
Vested | shares
Vested (in dollars per share) | $ / shares
Nonvested options at the end | shares	1,912,046
Nonvested options at the end (in dollars per share) | $ / shares	$ 2.57

STOCK OPTIONS AND WARRANTS (D_4

STOCK OPTIONS AND WARRANTS (Details 3)	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Equity [Abstract]
Outstanding at the beginning | shares	3,018,250
Outstanding at the beginning (in dollars per share) | $ / shares	$ 2.64
Outstanding at the beginning | $
Issued | shares	250,000
Issued (in dollars per share) | $ / shares	$ 4
Exercised | shares	(200,000)
Exercised (in dollars per share) | $ / shares	$ 3
Expired | shares
Expired (in dollars per share) | $ / shares
Outstanding at the end | shares	3,068,250
Outstanding at the end (in dollars per share) | $ / shares	$ 2.79
Outstanding at the end (in years)	4 years 6 months
Outstanding at the end | $	$ 1,467,188
Exercisable at the end | shares	2,818,250
Exercisable at the end (in dollars per share) | $ / shares	$ 2.68
Exercisable at the end (in years)	4 years 4 months 24 days
Aggregate intrinsic value exercisable | $	$ 1,467,188

STOCK OPTIONS AND WARRANTS (D_5

STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($)		1 Months Ended				3 Months Ended
	Aug. 11, 2022	Feb. 15, 2023	Oct. 20, 2022	Sep. 30, 2022	Sep. 16, 2022	Mar. 31, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Number of aggregate shares granted						25,000
Weighted average exercise price						$ 1.74
Stock option expense						$ 167,573
Unamortized option expense						$ 3,993,843
Unamortized option expense expected to be recognized over a weighted average period						2 years 4 months 24 days
Number of warrants issued						250,000
Weighted average exercise price						$ 2.79	$ 2.64
Warrants exercisable term						4 years 6 months
Officers and directors [Member] | IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued	695,000
Weighted average exercise price	$ 4.20
Warrants exercisable term	5 years
Underwriter [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued	135,000
Weighted average exercise price	$ 4.40
Warrants exercisable term	5 years
Maxim [Member] | Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued	32,000
Weighted average exercise price	$ 4.40
Warrants exercisable term	5 years
Third-party Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued	920,000		366,562	352,188	517,500
Weighted average exercise price	$ 4		$ 4	$ 4	$ 4
Warrants exercisable term	5 years
Advisory [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued		250,000
Weighted average exercise price		$ 4

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

May 02, 2023

Apr. 28, 2023

Apr. 27, 2023

Apr. 19, 2023

Apr. 16, 2023

Mar. 31, 2023

Mar. 31, 2022

Apr. 14, 2023

Feb. 17, 2023

Jan. 30, 2023

Dec. 31, 2022

Dec. 20, 2022

Subsequent Event [Line Items]

Face amount

$ 2,079,686

$ 1,250,000

$ 3,000,000

Weighted average exercise price

$ 2.79

$ 2.64

Proceeds from warrant exercises

$ 400,000

Subsequent Event [Member]

Subsequent Event [Line Items]

Face amount

$ 5,000,000

Common stock issued

856,000

1,000,000

Weighted average exercise price

$ 2

$ 2

Proceeds from warrant exercises

$ 1,700,000

$ 2,000,000

Number of shares converted

200,000

Conversion of stock, amount converted

$ 100,000

Subsequent Event [Member] | Letter Agreement [Member]

Subsequent Event [Line Items]

Warrants description

In connection with this agreement, we issued the holders’ of the notes a new warrant to purchase 1,000,000 shares of common stock at an exercise price of $3.00 per share and a new warrant to purchase 250,000 shares at an exercise price of $4.00 per share (the “New Warrants”).

Subsequent Event [Member] | Release Agreement [Member] | E B O L Shares [Member]

Subsequent Event [Line Items]

Common stock issued

254,000

Repayment of debt

$ 198,000