LuxUrban Hotels (LUXH) 10-K 15 Apr 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Apr. 15, 2024
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
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
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float	$ 125,418,745
Entity Common Stock, Shares Outstanding		41,814,361
Documents Incorporated by Reference [Text Block]	None
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	606
Auditor Name	GRASSI & CO., CPAs, P.C.
Auditor Location	Jericho, New York
Common Stock, $0.00001 par value per share
Title of 12(b) Security	Common Stock, $0.00001 par value per share
Trading Symbol	LUXH
Security Exchange Name	NASDAQ
13.00% Series A Perpetual Preferred Stock
Title of 12(b) Security	13.00% Series A Perpetual Preferred Stock
Trading Symbol	LUXHP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and Cash Equivalents	$ 752,848	$ 1,076,402
Treasury Bills		2,661,382
Accounts Receivable, Net	329,887
Channel Retained Funds, Net	1,500,000	1,500,000
Processor Retained Funds, Net	2,633,926	5,234,220
Receivables from On-Line Travel Agencies, Net	6,936,254
Receivables from City of New York and Landlords, Net	4,585,370
Prepaid Expenses and Other Current Assets	1,959,022	963,300
Prepaid Guarantee Trust - Related Party	1,023,750
Security Deposits - Current		112,290
Total Current Assets	19,721,057	11,547,594
Other Assets
Furniture, Equipment and Leasehold Improvements, Net	691,235	197,129
Restricted Cash		1,100,000
Security Deposits - Noncurrent	20,307,413	11,233,385
Other Noncurrent Assets	960,729	559,838
Operating Lease Right-Of-Use Assets, Net	241,613,588	83,325,075
Total Other Assets	263,572,965	96,415,427
Total Assets	283,294,022	107,963,021
Current Liabilities
Accounts Payable and Accrued Expenses	23,182,305	6,252,491
Bookings Received in Advance	4,404,216	2,566,504
Short Term Business Financing, Net	1,115,120	2,003,015
Loans Payable - Current	1,654,589	10,324,519
Initial Direct Costs Leases - Current	486,390
Operating Lease Liabilities - Current	1,982,281	4,293,085
Development Incentive Advances - Current	300,840
Total Current Liabilities	33,125,741	25,439,614
Long-Term Liabilities
Loans Payable	1,459,172	1,689,193
Development Incentive Advances - Non Current	5,667,857
Security Deposit Letter of Credit		2,500,000
Initial Direct Costs Leases - Noncurrent	4,050,000
Operating Lease Liabilities - Noncurrent	242,488,610	81,626,338
Total Long-Term Liabilities	253,665,639	85,815,531
Total Liabilities	286,791,380	111,255,145
Mezzanine equity
13% Redeemable Preferred Stock; Liquidation Preference $25 per Share; 10,000,000 Shares Authorized; 294,144 and 0 shares issued and outstanding at December 31, 2023 and 2022	5,775,596
Stockholders’ Deficit
Common Stock (90,000,000 shares authorized, issued, outstanding - 39,462,440, and 27,691,918, respectively)	394	276
Additional Paid In Capital	90,437,155	17,726,592
Accumulated Deficit	(99,710,503)	(21,018,992)
Total Stockholders’ Deficit	(9,272,954)	(3,292,124)
Total Liabilities and Stockholders’ Deficit	$ 283,294,022	$ 107,963,021

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock per shares	$ 25	$ 25
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	294,144	0
Preferred stock, shares outstanding	294,144	0
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	39,462,440	27,691,918
Common stock, shares outstanding	39,462,440	27,691,918

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net Rental Revenue	$ 113,397,012	$ 43,825,424
Rent Expense	26,779,821	10,340,188
Non-Cash Rent Expense Amortization	8,169,833	1,894,731
Surrender of Deposits	2,961,058
Other Property Level Expenses	66,553,940	19,215,156
Total Cost of Revenue	104,464,652	31,450,075
Gross Profit	8,932,360	12,375,349
General and Administrative Expenses	15,587,297	6,794,111
Non-Cash Issuance of Common Stock for Operating Expenses	1,664,601
Non-Cash Stock Compensation Expense	9,310,483	2,547,536
Non-Cash Stock Option Expense	674,818
Costs Associated with Apartment Rental and Hotel Exits	12,237,728	4,103,898
Non-Cash Write-Off of Net Right-of-Use Assets Associated with Apartment Rental Exit		2,385,995
Total Operating Expenses	39,474,927	15,831,540
Loss from Operations	(30,542,567)	(3,456,191)
Other Income (Expense)
Other Income	1,236,690	1,584,105
Cash Interest and Financing Costs	(7,983,134)	(5,483,891)
Non-Cash Financing Costs	(41,234,366)	(2,034,376)
Total Other Expense	(47,980,810)	(5,934,162)
Loss Before Provision for Income Taxes	(78,523,377)	(9,390,353)
Provision for Income Taxes	0	0
Net Loss	(78,523,377)	(9,390,353)
Preferred Stock Dividend	(168,134)
Net Loss Attributable to Common Stockholders	$ (78,691,511)	$ (9,390,353)
Basic Loss Per Common Share	$ (2.06)	$ (0.40)
Diluted Loss Per Common Share	$ (2.06)	$ (0.40)
Basic Weighted Average Number of Common Shares Outstanding	38,142,291	23,432,870
Diluted Weighted Average Number of Common Shares Outstanding	38,142,291	23,432,870

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Stockholder Member Deficit [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance - December 31, 2021, partnership deficit, as previously reported at Dec. 31, 2021		$ (11,214,050)			$ (11,214,050)
Beginning balance, shares at Dec. 31, 2021
Cumulative effect of changes in accounting principle		(414,373)			(414,373)
Conversion to C Corp	$ 216	11,628,423		(11,628,639)
Conversion to C Corp, shares	21,675,001
Net Loss				(9,390,353)	(9,390,353)
Non-Cash Stock Compensation Expense					1,977,740
Non-Cash Stock Compensation Expense, shares	1,116,500
Issuance of Shares for Revenue Share Agreements
Modification of Warrants
Preferred Dividends
Conversion of Loans at IPO	$ 14		2,830,112		2,830,126
Conversion of Loans at IPO, shares	1,425,417
Sale of Common Stock (Net of Related Costs)	$ 34		10,198,514		10,198,548
Sale of Common Stock (Net of Related Costs), shares	3,375,000
Warrant Expense			1,850,431		1,850,431
Stock Option Compensation Expense			751,776		751,776
Stock Compensation Expense	$ 11		1,795,760		1,795,771
Stock Compensation Expense, shares	1,116,500
Conversion of Loans post IPO	$ 1		299,999		300,000
Conversion of Loans post IPO, shares	100,000
Balance - December 31, 2022 at Dec. 31, 2022	$ 276		17,726,592	(21,018,992)	(3,292,124)
Ending balance, shares at Dec. 31, 2022	27,691,918
Balance - December 31, 2021, partnership deficit, as previously reported at Dec. 31, 2021		(11,214,050)			(11,214,050)
Beginning balance, shares at Dec. 31, 2021
Balance - December 31, 2022 at Dec. 31, 2023	$ 394		90,437,155	(99,710,503)	(9,272,954)
Ending balance, shares at Dec. 31, 2023	39,462,440
Balance - December 31, 2021, partnership deficit, as previously reported 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 Loss				(78,523,377)	(78,523,377)
Non-Cash Stock Option Expense			674,818		674,818
Non-Cash Stock Compensation Expense	$ 18		9,310,465		9,310,483
Non-Cash Stock Compensation Expense, shares	1,790,226
Issuance of Shares for Initial Direct Costs for Leases	$ 1		249,999		250,000
Issuance of Shares for Initial Direct Costs for Leases, shares	100,000
Issuance of Share to Settle Financed Initial Direct Costs for Leases			88,610		88,610
Issuance of Share to Settle Financed Initial Direct Costs for Leases, shares	30,555
Issuance of Common Stock for Operating Expenses	$ 7		1,664,594		1,664,601
Issuance of Common Stock for Operating Expenses, shares	693,675
Issuance of Shares to Satisfy Loans	$ 1		157,999		158,000
Issuance of Shares to Satisfy Loans, shares	58,088
Conversion of Loans	$ 32		7,689,598		7,689,630
Conversion of Loans, shares	3,178,975
Warrant Exercise	$ 41		10,141,457		10,141,498
Warrant Exercise, shares	4,076,251
Loss on Debt Extinguishment			58,579		58,579
Issuance of Shares for Revenue Share Agreements	$ 18		1,704,531		1,704,549
Issuance of Shares for Revenue Share Agreements, shares	1,842,752
Termination of Revenue Share Agreement Adjustment			28,174,148		28,174,148
Modification of Warrants			259,075		259,075
Preferred Dividends				(168,134)	(168,134)
Contribution by Founder			311,234		311,234
Warrant Issuance Expense			12,225,456		12,225,456
Balance - December 31, 2022 at Dec. 31, 2023	$ 394		$ 90,437,155	$ (99,710,503)	$ (9,272,954)
Ending balance, shares at Dec. 31, 2023	39,462,440

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net Loss	$ (78,523,377)	$ (9,390,353)
Adjustments to reconcile net loss to net cash used in operating activities:
Allowance for credit losses	922,412
Writeoff of amount due from vendors	882,293
Writeoff of amount due City of New York and Landlords	3,434,488
Writeoff of security deposits	2,961,058
Writeoff of processor retained funds	906,882
Non-Cash stock option expense	674,818
Non-Cash stock compensation expense	9,310,483	2,547,536
Non-Cash debt discount amortization		167,652
Issuance of shares for operating expenses	1,664,601
Loss on debt extinguishment	58,579
Issuance of Shares for Revenue Share Agreements	1,704,549
Termination of Revenue Share Agreement Adjustment	28,174,148
Modification of Warrants	259,075
Non-cash warrant expense	12,225,456	1,850,431
Depreciation expense	89,910	8,671
Write off of Furniture, Equipment and Leasehold Improvements	259,160
Non-cash write-off of net right-of-use assets associated with apartment rental exit		2,385,995
Non-cash forgiveness of Development Incentive Advances	(48,094)
Non-cash lease expense	34,949,654	1,894,731
Loan forgiveness - SBA - PPP loan		(516,225)
Gain on lease modification	(182,786)
Gain on lease exit	(915,802)
Gain on sale of Treasury Bills	(31,014)	(2,553)
Non-cash Financing Changes Associated with Short Term Business Financing	513,124	337,759
(Increase) Decrease in:
Accounts Receivable, Net	(329,887)
Processor retained funds, Net	1,300,000	(6,677,356)
Receivables from On-Line Travel Agencies, Net	(7,465,254)
Receivables from City of New York and Landlords, Net	(8,019,858)
Prepaid Expenses and Other Assets	(2,278,906)	(1,356,471)
Prepaid Guarantee Trust - Related Party	(1,023,750)
Security Deposits	(11,992,796)	(9,691,722)
(Decrease) Increase in:
Accounts payable and accrued expenses	16,859,814	2,043,125
Operating lease liabilities	(26,524,353)	(2,637,552)
Bookings received in advance	1,837,712	746,561
Net cash used in operating activities	(18,277,661)	(18,289,771)
Cash Flows from Investing Activities
Purchase of Furniture, Equipment and Leasehold Improvements	(843,176)	(194,300)
Initial Direct Costs Incurred in Acquiring New Operating Lease Right-of-Use Assets	(1,943,758)
Proceeds from the sale or (purchases) of Treasury Bills	2,692,396	(2,658,829)
Net cash used in Investing activities	(94,538)	(2,853,129)
Cash Flows from Financing Activities
Exercise of Warrants	10,141,498
Deferred offering costs		771,954
Repayments of financed initial direct lease costs	(175,000)
Proceeds from loans payable - net	(3,552,321)	10,962,554
Proceeds from Development Incentive Advances	6,016,791
Proceeds from short term business financing - net	(1,401,019)	279,248
Issuance of preferred stock, net of $364,716 of deferred offering costs	5,775,596
Issuance of common stock		10,198,548
Preferred shareholder dividends paid	(168,134)
Contribution by founder	311,234
Net cash provided by financing activities	16,948,645	22,212,304
Net Decrease in Cash and Cash Equivalents and Restricted Cash	(1,423,554)	1,069,404
Cash and Cash Equivalents and Restricted Cash - beginning of the year	2,176,402	1,106,998
Cash and Cash Equivalents and Restricted Cash - end of the year	752,848	2,176,402
End of Year
Cash and Cash Equivalents	752,848	1,076,402
Restricted Cash		1,100,000
Total Cash and Cash Equivalents and Restricted Cash - end of year	752,848	2,176,402
Cash paid for:
Taxes
Interest	5,592,454	4,336,468
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets in Exchange for Lease Liabilities	181,484,261	57,907,139
Initial Recognition of Operating Lease Right-of-Use Assets		36,304,289
Noncash investing and financing activities:
Initial Direct Costs for Leases paid via common shares	250,000
Financed Initial Direct Costs for Leases	4,800,000
Financed Initial Direct Costs for Leases paid via common shares	88,610
Accrued Initial Direct Costs for Leases	70,000
Debt settled via issuance of common shares	158,000
Conversion of debt to common stock and additional paid-in capital	7,689,630	3,954,468
Common stock issued in exchange for warrants		$ 46,352,445

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ (78,523,377)	$ (9,390,353)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DESCRIPTION OF BUSINESS AND PRI

DESCRIPTION OF BUSINESS AND PRINCIPLES OF CONSOLIDATION	12 Months Ended
	Dec. 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) leases entire existing hotels on a long-term basis and rents out hotel rooms in the properties it leases. It currently has a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles through long-term lease agreements and manages these hotels directly. Its revenues are generated through the rental of rooms to guests and through ancillary services such as cancellable room rate fees, resort fees, late and early check-in and check-out fees, baggage fees, parking fees, grab and go food service fees, and upgrade fees. 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. This wind-down was substantially completed by the end of 2022. This legacy business was conducted under the names SoBeNY Partners LLC (“SoBeNY”) and CorpHousing Group Inc. (“CorpHousing”). The consolidated financial statements presented herein include the accounts of LuxUrban Hotels Inc. (“LuxUrban”) and its wholly owned subsidiary SoBeNY. On November 2, 2022, 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. On August 2, 2023, the Company entered into franchise agreements with Wyndham Hotels & Resorts, Inc. pursuant to which the hotels operated by the Company became, and future acquired properties will become, part of the Trademark Collection® by Wyndham and Travelodge by Wyndham brands while staying under the operational control of the Company. All significant intercompany accounts and transactions have been eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation b. Revenue Recognition Payment received for the future use of a rental unit is recognized as a liability and reported as bookings received in advance on the balance sheets. Bookings received in advance are recognized as revenue after the rental unit is occupied by the customer for the agreed upon length of time. The bookings received in advance balance as of December 31, 2023 and December 31, 2022, was $ 4,404,216 2,566,504 c. Use of Estimates d. Going Concern — 78,523,377 13,404,684 e. Cash and Cash Equivalents 752,848 1,076,402 f. Accounts Receivable, Channel Retained Funds, and Processor Retained Funds 2,947,780 g. Fair Value of Financial Instruments h. Commissions 11,149,825 6,549,422 i. 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 years ended December 31, 2023, and December 31, 2022, the Company did no j. Sales Tax 3,266,302 229,371 k. Paycheck Protection Program Loan (“PPP”) l . Earnings Per Share (“EPS”) m. New Accounting Standards Adopted n. Preferred Stock Distinguishing Liabilities from Equity

LEASES

LEASES	12 Months Ended
	Dec. 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 Company’s Consolidated Balance Sheets, resulting in the recognition on January 1, 2022 of a right-of-use asset of $ 36,304,289 7,370,890 29,884,584 414,373 In March of 2024, LUXH surrendered four properties that were 1) under-performing, 2) in markets that have deteriorated since the signing of the lease, 3) suboptimal in terms of size and scale, 4) of a quality that could create other risks to the Company and 5) generally short-term remaining lease nature. The combined total units surrendered was 193. In addition, in late 2023 LUXH also decided to not move forward on a previously agreed to MLA as a result of repairs not completed by the landlord. As a result of this, the Company wrote-off $ 2,961,058 2,803,942 We record Indirect Lease Costs, or IDCs as part of the lease that is capitalized and amortized over the life of the lease. As of December 31, 2023, we had $ 6,945,357 The components of the right-of-use asset and lease liabilities as of December 31, 2023 and December 31, 2022, are as follows: Schedule of supplemental balance sheet information related to leases December 31, December 31, Operating lease right of use assets, net $ 241,613,588 $ 83,325,075 Operating lease liabilities, current portion $ 1,982,281 $ 4,293,085 Operating lease liabilities, net of current portion $ 242,488,610 $ 81,626,338 At December 31 2023, future minimum lease payments under the non-cancellable operating leases are as follows: Schedule of future minimum lease payments under the non-cancelable operating leases Year Ending December 31, 2024 $ 32,547,150 2025 33,490,713 2026 34,424,459 2027 35,617,460 2028 36,801,320 Thereafter 428,686,814 Total lease payment $ 601,567,916 Less interest (357,097,025 ) Present value obligation 244,470,891 Short-term liability 1,982,281 Long-term liability 242,488,610 The following summarizes other supplemental information about the Company’s operating lease: Schedule of other supplemental information related to operating lease December 31, 2023 Weighted average discount rate 12.3 % Weighted average remaining lease term (years) 14.2 Year Ended Year Ended Operating lease cost $ 34,949,654 $ 23,695,139 Short-term lease cost $ 648,079 $ 561,229 Total lease cost $ 35,597,733 $ 24,256,368

ACCOUNTS RECEIVABLES, PROCESSOR

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS	4 - ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS As of December 31, 2023 we had $ 1,500,000 2,633,926 393,412 6,936,254 529,000 4,585,370 329,987 486,708 1,500,000 5,234,220 no no

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	5 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued expenses totaled $ 23,182,305 6,252,492 As of December 31, 2023, the balance consisted of approximately $ 2,024,000 3,265,000 1,737,000 632,000 8,400,000 3,910,000 590,000 420,000 719,000 194,000 288,223 52,000 94,000 263,000 231,000 71,000 42,000 As of December 31, 2022, the balance consisted of approximately $ 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 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 $5 and $8.5 million.

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE — SBA — PPP LOAN	12 Months Ended
	Dec. 31, 2023
Loans Payable Sba Ppp Loan
LOANS PAYABLE — SBA — PPP LOAN	6 - 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 2020 and May 2020, the Company obtained aggregate funding of $ 516,225 298,958 Accrued interest at December 31, 2023 and December 31, 2022, was $ 5,571 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 December 31, 2024 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LOAN

LOANS PAYABLE — SBA — EIDL LOAN	12 Months Ended
	Dec. 31, 2023
Loans Payable Sba Eidl Loan
LOANS PAYABLE — SBA — EIDL LOAN	7 - LOANS PAYABLE — SBA — EIDL LOAN During 2020, the Company received three 0 30 3.75% no On April 21, 2020, the Company 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 December 31, 2023 and December 31, 2022, was $ 786,950 800,000 Accrued interest at December 31, 2023 was $ 27,644 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 December 31, 2024 $ 17,322 2025 15,391 2026 15,979 2027 16,588 2028 17,221 Thereafter 704,449 Total $ 786,950

SHORT-TERM BUSINESS FINANCING

SHORT-TERM BUSINESS FINANCING	12 Months Ended
	Dec. 31, 2023
Short-term Business Financing
SHORT-TERM BUSINESS FINANCING	8 - SHORT-TERM BUSINESS FINANCING The Company entered into multiple short-term factoring agreements related to future credit card receipts to fund operations as needed during 2023. The Company is required to repay this financing in fixed daily payments until the balance is repaid. Fees associated with this financing have been recognized in interest expense in the accompanying consolidated statement of operations. As of December 31, 2023 and December 31, 2022, the outstanding balance on these short-term business financings, net of unamortized costs, was $ 1,115,120 2,003,015

LOANS PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2023
Disclosure Loans Payable Abstract
LOANS PAYABLE	9 - LOANS PAYABLE Loans payable consist of the following as of: Schedule of loans payable December 31, December 31, 2022 Original borrowings of $ 250,000 1% no - 210,500 Original payable of $ 151,096 252,954 1,500 404,050 338,512 392,044 Original payable of $ 553,175 72,237 25,000 625,412 400,000 450,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Borrowings of $ 9,075,000 638,388 5% - 8,275,040 Original borrowings of $ 60,000 1% - 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 Other borrowing 356,048 225,929 Less: Current maturities 1,360,609 7,261,723 $ 619,569 $ 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 December 31, 2024 $ 1,238,237 2025 575,991 2026 25,778 2027 17,800 Loans payable $ 1,857,806

LOANS PAYABLE _ RELATED PARTIES

LOANS PAYABLE — RELATED PARTIES	12 Months Ended
	Dec. 31, 2023
Loans Payable Related Parties
LOANS PAYABLE — RELATED PARTIES	10 - LOANS PAYABLE — RELATED PARTIES Loans payable — related parties consists of the following: Schedule of loans payable, related parties December 31, December 31, Original borrowings of $ 496,500 6% $ - $ 238,000 Less - 238,000 $ - $ - In May of 2023, the Company issued 58,088

CONVERTIBLE NOTES - RELATED PAR

CONVERTIBLE NOTES - RELATED PARTIES	12 Months Ended
	Dec. 31, 2023
Convertible Notes - Related Parties
CONVERTIBLE NOTES - RELATED PARTIES	11 - CONVERTIBLE NOTES - RELATED PARTIES On February 17, 2023, we entered into an exchange agreement with investors pursuant to which all principal, interest and prepayment premium outstanding under a nonconvertible 15% original issue discount (“OID”) note with private investors was exchanged for a convertible note in the principal amount of $ 2,079,686 August 17, 2023 58,579 808,000 196,994

LINE OF CREDIT

LINE OF CREDIT	12 Months Ended
	Dec. 31, 2023
Line Of Credit
LINE OF CREDIT	12 - LINE OF CREDIT In February 2019, the Company entered into a line of credit agreement in the amount of $ 95,000 69,975 94,975

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	13 - RELATED PARTY TRANSACTIONS On December 20, 2022, the Company, and its Chairman and Co-Chief Executive Officer, Brian Ferdinand (“Ferdinand”), entered into a Note Extension and Conversion Agreement with Greenle Partners LLC Series Alpha PS (“Greenle Series 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 the Company’s common stock (“Warrants”) under certain securities purchase agreements and loan agreements between the Company 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 agreed to convert from time to time up to $ 3,000,000 1,000,000 3.00 1,250,000 300,000 3,000,000 874,474 1.5 On September 30, 2023, Shanoop Kothari, the Company’s Co-Chief Executive Officer and Chief Financial Officer, exercised warrants owned by him to purchase 120,000 500,000 On October 26, 2023, the Company consummated an underwritten public offering of 280,000 7,000,000 20,000 1,000,000 On November 17, 2023, the Company entered into a financing agreement with THA Holdings LLC (the “Lender”), an entity controlled and operated by Mr. Ferdinand, pursuant to which the Company agreed to issue to the Lender an unsecured, advancing term promissory note (the “Note”). Under the Note, the Company is able to borrow, and the Lender has committed to lend to the Company up to an aggregate principal amount of $10,000,000 (the “Initial Principal Amount”) to be funded in increments of $1,000,000 upon the Company’s request by the sale, from time to time, of shares of the Company’s common stock, owned by the Lender. On December 3, 2023, the Company and Mr. Ferdinand mutually agreed to cancel the Note. The amount of proceeds, less taxes, resulting from sales of common stock prior to the cancelation in the amount of $311,234 was contributed to the Company by Mr. Ferdinand. In December of 2023, we paid $ 1,350,000 1,023,750 326,250

SECURITY DEPOSIT LETTER OF CRED

SECURITY DEPOSIT LETTER OF CREDIT	12 Months Ended
	Dec. 31, 2023
Security Deposit Letter Of Credit
SECURITY DEPOSIT LETTER OF CREDIT	1 4 - 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

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	15 - 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

MAJOR SALES CHANNELS

MAJOR SALES CHANNELS	12 Months Ended
	Dec. 31, 2023
Major Sales Channels
MAJOR SALES CHANNELS	16 - MAJOR SALES CHANNELS The Company uses third-party sales channels to manage the reservations, collections, and other rental processes for most of the units. Three 3 85% 95%

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	17 - INCOME TAXES The Company converted from an LLC into a C-Corp on January 4, 2022, and as such this is the second year subject to federal and state income taxes. We are subject to U.S. federal income tax as well as income tax of certain state jurisdictions. The components of income tax and the effective tax rates for the years ended December 31, 2023, and 2022 are as follows: Schedule of components of income tax Year ended December 31, 2023 2022 Current: Federal - - State - - Total Current Tax Expense - - Deferred: Federal - - State - - Total Deferred Tax Expense - - Total Income tax expense - - A reconciliation of an income tax expense at federal statutory income tax rate of 21.0% to our income tax expense at the effective tax rate is as follows: Schedule of reconciliation income tax expense Year ended 2023 2022 Tax at the Statutory Federal Rate 21.0 % 21.0 % Permanent Differences (3.5 )% True Up (1.1 )% State Income Taxes 4.2 % 5.5 % Valuation Allowance (20.6 )% -26.5 % Effective Income Tax Rate 0.0 % 0.0 % Deferred tax assets consist of the following at December 31, 2023 and 2022: Schedule of deferred tax assets Year ended December 31, 2023 2022 Non-Cash Stock Compensation Expense 2,483,054 676,190 Change in Right-of-Use Asset and Lease Liability, Net 742,016 436,143 Settlement Liability 2,181,404 - Depreciation 1,010 - NOL Carry-forward 13,359,398 1,151,025 Total Deferred Tax Assets 18,766,882 2,263,358 Unrealized Gain (290,260 ) - Net Deferred Tax Assets before Valuation Allowance 18,476,622 2,263,358 Valuation Allowance (18,476,622 ) (2,263,358 ) Net Deferred Tax Assets - - Based on recent operating losses, and an assessment that is not more likely than not that the net deferred tax asset will be utilized, the Company has recorded a full valuation allocation on its deferred tax assets. Accordingly, a valuation allowance of $ 18,476,622

STOCK OPTIONS AND WARRANTS

STOCK OPTIONS AND WARRANTS	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
STOCK OPTIONS AND WARRANTS	18 - STOCK OPTIONS AND WARRANTS Options During the year ended December 31, 2023 and December 31, 2022, the Company granted options to purchase an aggregate of 275,000 3,826,500 3.89 3.28 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: Schedule of Black-Scholes option pricing model was used with the following weighted assumptions for options granted December 31, Risk-free interest rate 3.12 4.70 % Expected option life 6 48 Expected volatility 37.98 62.43 % Expected dividend yield – % Exercise price $ 1.40 4.00 The following table summarizes stock option activity for the year ended December 31, 2023: Schedule of stock option activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 1,910,484 $ 4.00 9.8 $ - Granted 275,000 3.89 Exercised (20,000 ) 1.76 Expired - - Forfeited (418,599 ) 2.17 Outstanding at December 31, 2023 1,746,885 $ 2.86 9.0 $ 5,427,118 Exercisable at December 31, 2023 489,295 $ 2.70 8.8 $ 1,599,251 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 $ 617,819 751,776 1,291,367 1.2 A schedule of the Company’s nonvested options as of December 31, 2023, is presented below: Schedule of status of non-vested options Number of Weighted Average Nonvested options at December 31, 2022 1,910,484 $ 2.55 Granted 275,000 3.89 Forfeited (418,599 ) 2.17 Vested (509,295 ) 2.66 Nonvested options at December 31, 2023 1,257,590 $ 2.93 Warrants In connection with certain private placements funded by certain of the Company’s officers and directors prior to the Company’s initial public offering, the Company issued promissory notes and warrants. The warrants were contingent upon, and became effective upon, consummation of the Company’s initial public offering on August 11, 2022. In total, warrants to purchase up to 695,000 4.20 5 Also, in conjunction with the initial public offering, the Company issued warrants to purchase up to 135,000 4.40 5 Also, in connection with certain private placements with Greenle, the Company issued warrants to purchase up to 920,000 4.00 5 . 32,000 4.40 5 On September 16, 2022, September 30, 2022, and October 30, 2022 in conjunction with a financing with the same third-party investor, the Company issued warrants to purchase up to 517,500 352,188 366,562 4.00 On February 15, 2023, in conjunction with an advisory agreement, the Company issued warrants to purchase up to 250,000 shares of our common stock with an exercise price of $4.00 per share. These warrants have a term of five years and expire in February 2028. As a result of these transaction, the Company recorded $ 167,573 On April 16, 2023 in conjunction with an agreement with certain lenders, the Company issued warrants to purchase up to 1,000,000 shares of the Company’s common stock with an exercise price of $3.00 per share, and warrants to purchase up to 250,000 shares of our common stock with an exercise price of $4.00 per share. All of these warrants have a term of 5 years and expire in April of 2028. Under this agreement, these lenders would be required to exercise all or a portion of these warrants if the Company’s common stock traded at prices between $3.00 per share and $4.00 per share for a prescribed number of trading days. On June 19, 2023, this agreement was modified to convert all of related outstanding debt in exchange for a reduction in the exercise price of all of these warrants to $2.50 per share. 259,074 On November 6, 2023, in conjunction with an agreement with certain shareholders to amend agreements to waive registration rights for any currently issued common stock for a period of 12 months and any future issuances for a rolling 12-month period from the date such of issuance of such common stock. As consideration for this waiver, the Company issued 2,000,000 4.00 4,939,000 On December 17, 2023, the Company and certain existing warrant holders entered into an agreement pursuant to which these warrant holders exercised a portion of their existing warrants to purchase an aggregate of 1,000,000 4,000,000 2,000,000 5.00 $4,187,800 On December 27, 2023, the Company and certain existing warrant holders entered into an agreement pursuant to which these warrant holders exercised a portion of their existing warrants to purchase an aggregate of 500,000 2,000,000 1,000,000 5.50 3,081,400 The following table summarizes warrant activity for the twelve months ended December 31, 2023: Schedule of warrant activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 3,018,250 $ 2.64 4.8 $ - Issued 6,500,000 4.25 Exercised (4,076,250 ) 2.49 Expired - - Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Exercisable at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 In the year ended December 31, 2022, no shares were issued from the exercise of warrants.

Revenue Share Exchange

Revenue Share Exchange	12 Months Ended
	Dec. 31, 2023
Revenue Share Exchange
Revenue Share Exchange	1 9 - Revenue Share Exchange Under the terms of agreements entered into with Greenle, we were obligated to make quarterly payments (each a “Revenue Share”) to Greenle based on certain percentages of the revenues generated by certain of our leased properties during the term of the applicable leases (including any extensions thereof). As previously reported, on February 13, 2023, the Company and Greenle entered into an agreement pursuant to which certain Revenue Share payments for 2023 were converted into an obligation to issue shares of our common stock to Greenle in the amounts prescribed therein (the “February 2023 Revenue Share Agreement”), with all future Revenue Share obligations accruing on and after January 1, 2024 remaining in place. On May 21, 2023, we entered into a further agreement with Greenle (the “May 2023 Revenue Share Exchange Agreement”) pursuant to which the right to receive any and all Revenue Share with respect to any property or operations of the Company has been terminated in its entirety for 2024 and forever thereafter, and Greenle shall not be entitled to receive any payment therefor (other than the remaining periodic share issuances and cash payments under the February 2023 Revenue Share Agreement, all of which shall be completed by January 1, 2024). In consideration for the termination of the Revenue Share for 2024 and thereafter, we agreed to issue to Greenle, from time to time, in each case, at Greenle’s election upon 61 days’ prior written notice delivered to us on and after September 1, 2023 and before August 31, 2028, up to an aggregate of 6,740,000 shares of our common stock (the “Agreement Shares”). As a result of this transaction, we recorded interest expense of $ 28,174,148 As of December 31, 2023, the Company has issued an aggregate of 7,040,000 7,354,250

WYNDHAM AGREEMENTS

WYNDHAM AGREEMENTS	12 Months Ended
	Dec. 31, 2023
Wyndham Agreements
WYNDHAM AGREEMENTS	20 - WYNDHAM AGREEMENTS On August 2, 2023, the Company entered into franchise agreements with Wyndham Hotels & Resorts, Inc. pursuant to which the hotels operated by the Company became, and future acquired properties will become, part of the Trademark Collection® by Wyndham and Travelodge by Wyndham brands while staying under the operational control of the Company. The Franchise Agreements have initial terms of 15 20 Pursuant to the Franchise Agreements, Wyndham provides the Company with capital through development advance notes (“Development Incentive Advances.” Consistent with market practice, such Development Incentive Advances are evidenced by certain promissory notes with customary amortization and repayment terms. The Development Incentive Advances are not repayable if the terms of the agreement are met by the Company. In conjunction with the Company’s entry into the Franchise Agreements, the Company also paid a one-time, initial, nonrefundable franchise fee to Wyndham. As of December 31, 2023, the Company had aggregate Development Incentive Advances outstanding of $ 5,968,696 300,840 5,667,857 48,095 300,840

REDEEMABLE PREFERRED STOCK

REDEEMABLE PREFERRED STOCK	12 Months Ended
	Dec. 31, 2023
Redeemable Preferred Stock
REDEEMABLE PREFERRED STOCK	2 1 – REDEEMABLE PREFERRED STOCK On October 26, 2023, the Company issued 280,000 13% 25 14,144 5,775,596 As part of the terms of the Series A Preferred Stock offering, if a change of control or delisting event occurs prior to October 26, 2024, the Company will be required to redeem the Series A Preferred Stock plus an amount equal to any accrued and unpaid interest. Under FASB Topic D-98, this redemption provision requires the classification of this security outside of permanent equity. The Company has classified this security as Mezzanine Equity on its December 31, 2023 Balance Sheet and expects to do so until October 26, 2024. During the year ended December 31, 2023, the Company paid $ 168,136

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Equity Transactions
EQUITY TRANSACTIONS	22 - EQUITY TRANSACTIONS The tables below outline equity issuances not related to the conversion from an LLC to C Corp, the initial public offering the exercise of Options or Warrants, the conversion of debt into equity or the issuance of shares pursuant to revenue share agreements. For the three months ended December 31, 2023 Schedule of equity transactions Description P/L Account Date Shares Price Value Employee compensation Non-Cash Compensation Expense 12/29/2023 1,352,000 $ 5.97 $ 8,071,440 Subtotal 1,352,000 $ 8,071,440 For the three months ended September 30, 2023 Description P/L Account Date Shares Price Value Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 8/16/2023 91,525 $ 2.85 $ 260,846 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 30,555 $ 2.90 $ 88,610 In connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 15,278 $ 2.90 $ 44,306 Advisory and legal services Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 9,250 $ 2.85 $ 26,363 Acorn Management Partners in connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 8/28/2023 8,741 $ 2.89 $ 25,261 Elizabeth Brown in connection with her termination of employment Non-Cash Issuance of Common Stock for Operating Expenses 7/21/2023 50,000 $ 3.11 $ 155,500 Subtotal 205,349 $ 600,886 For the three months ended June 30, 2023 Description P/L Account Date Shares Price Value Issuance of shares for deferred compensation Accrued Liabilities 5/24/2023 86,518 $ 2.97 $ 256,958 Issuance of shares for deferred compensation Accrued Liabilities 5/17/2023 73,518 $ 2.86 $ 210,259 Subtotal 160,036 $ 467,217 Acorn Management Partners in connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 6/1/2023 15,040 $ 3.42 $ 51,437 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 5/17/2023 65,573 $ 3.05 $ 199,998 Issuance of shares for consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 5/3/2023 195,912 $ 2.72 $ 532,880 Subtotal 276,525 $ 784,314 For the three months ended March 31, 2023 Description P/L Account Date Shares Price Value Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 3/1/2023 166,665 $ 2.58 $ 429,996 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 3/17/2023 136,887 $ 2.45 $ 335,373 In connection with a consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 2/10/2023 196,994 $ 1.85 $ 364,439 In connection with a marketing agreement Non-Cash Issuance of Common Stock for Operating Expenses 2/10/2023 100,000 $ 1.85 $ 185,000 Subtotal 600,546 $ 1,314,808 1,242,456 $ 3,161,267 For the year ended December 31, 2022 Description P/L Account Date Shares Price Value Employee Compensation Non-Cash Compensation Expense 12/14/2022 875,000 $ 1.69 $ 1,478,750 In connection with a consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 12/20/2022 174,000 $ 1.69 $ 294,060 Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 12/16/2022 13,500 $ 1.70 $ 22,950 Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 8/16/2022 54,000 $ 3.37 $ 181,980 1,116,500 $ 1,977,740

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	23 - SUBSEQUENT EVENTS Warrant Exercise and Price Reduction On February 16, 2024, the Company entered into a letter agreement with Greenle pursuant to which Greenle exercised 500,000 2.00 Settlement with City of New York As previously discussed in the final prospectus for the Company’s initial public offering and in subsequent filings made under the Securities Exchange Act of 1934, as amended, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, prior to the Company’s focus on leasing entire hotel properties and renting the rooms therein to vacation and business travelers, the Company also engaged in the leasing of multi-family dwellings and renting apartments therein to travelers and others on a short-stay basis. As noted in prior filings, numerous municipalities, including the City of New York, have adopted laws and regulations limiting or prohibiting this latter business activity in prescribed residential areas. The adoption of these laws and regulations, together with the numerous favorable hotel lease acquisition opportunities the Company identified as a result of difficulties within the hotel industry resulting from the COVID-19 pandemic, served as the impetus for the shift in the Company’s focus to hotel properties. While the Company’s principal business and operations have not involved residential dwellings since the end of 2022, the Company did conduct short-stay rental operations in residential areas during the period prior to this business shift. As noted in the relevant filings with the Supreme Court of the State of New York, the Company voluntarily initiated contact with the City of New York regarding such operations and voluntarily came forward to resolve any liability arising under applicable laws and regulations. Indeed, the voluntary initiation by the Company of such resolution activity was an integral part of its shift away from residential properties to hotel properties with the objective of ensuring the shift was without trailing liabilities, and as part of this initiative, the Company reserved against projected liabilities in its financial statements. On March 4, 2024, the City of New York filed a Voluntary Stipulation of Settlement (the “Settlement”) entered into by the City of New York and the Company in an action captioned The City Of New York v. Corphousing Group, Inc. f/k/a Corphousing LLC, and SoBeNY Partners, Inc. f/k/a SoBeNY Partners LLC 1,200,000 225,000 162,500 The Settlement shall become effective on the date (the “Effective Date”) that it is “so ordered” by the Supreme Court of the State of New York. The Settlement contains a release and waiver from the City of New York in favor of the Company, parents, subsidiaries, other affiliates, and all of their officers, directors, agents, employees, insurers and assigns with respect to any and all matters addressed in the Settlement that occurred or may have accrued up to the Effective Date (upon payment in full of the settlement amount).

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	a. Basis of Presentation
Revenue Recognition	b. Revenue Recognition Payment received for the future use of a rental unit is recognized as a liability and reported as bookings received in advance on the balance sheets. Bookings received in advance are recognized as revenue after the rental unit is occupied by the customer for the agreed upon length of time. The bookings received in advance balance as of December 31, 2023 and December 31, 2022, was $ 4,404,216 2,566,504
Use of Estimates	c. Use of Estimates
Going Concern — The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation as a going concern. As reflected in the accompanying statement of operations, for the year ended December 31, 2023, the Company had a net loss of $78,523,377	d. Going Concern — 78,523,377 13,404,684
Cash and Cash Equivalents	e. Cash and Cash Equivalents 752,848 1,076,402
Accounts Receivable, Channel Retained Funds, and Processor Retained Funds	f. Accounts Receivable, Channel Retained Funds, and Processor Retained Funds 2,947,780
Fair Value of Financial Instruments	g. Fair Value of Financial Instruments
Commissions	h. Commissions 11,149,825 6,549,422
Income Taxes	i. 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 years ended December 31, 2023, and December 31, 2022, the Company did no
Sales Tax	j. Sales Tax 3,266,302 229,371
Paycheck Protection Program Loan (“PPP”)	k. Paycheck Protection Program Loan (“PPP”)
Earnings Per Share (“EPS”)	l . Earnings Per Share (“EPS”)
New Accounting Standards Adopted — In June of 2016, the FASB issued	m. New Accounting Standards Adopted
Preferred Stock	n. Preferred Stock Distinguishing Liabilities from Equity

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
Schedule of supplemental balance sheet information related to leases	Schedule of supplemental balance sheet information related to leases December 31, December 31, Operating lease right of use assets, net $ 241,613,588 $ 83,325,075 Operating lease liabilities, current portion $ 1,982,281 $ 4,293,085 Operating lease liabilities, net of current portion $ 242,488,610 $ 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 Year Ending December 31, 2024 $ 32,547,150 2025 33,490,713 2026 34,424,459 2027 35,617,460 2028 36,801,320 Thereafter 428,686,814 Total lease payment $ 601,567,916 Less interest (357,097,025 ) Present value obligation 244,470,891 Short-term liability 1,982,281 Long-term liability 242,488,610
Schedule of other supplemental information related to operating lease	Schedule of other supplemental information related to operating lease December 31, 2023 Weighted average discount rate 12.3 % Weighted average remaining lease term (years) 14.2 Year Ended Year Ended Operating lease cost $ 34,949,654 $ 23,695,139 Short-term lease cost $ 648,079 $ 561,229 Total lease cost $ 35,597,733 $ 24,256,368

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE — SBA — PPP LOAN (Tables)	12 Months Ended
	Dec. 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 December 31, 2024 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LO_2

LOANS PAYABLE — SBA — EIDL LOAN (Tables)	12 Months Ended
	Dec. 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 December 31, 2024 $ 17,322 2025 15,391 2026 15,979 2027 16,588 2028 17,221 Thereafter 704,449 Total $ 786,950

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Loans Payable Abstract
Schedule of loans payable	Schedule of loans payable December 31, December 31, 2022 Original borrowings of $ 250,000 1% no - 210,500 Original payable of $ 151,096 252,954 1,500 404,050 338,512 392,044 Original payable of $ 553,175 72,237 25,000 625,412 400,000 450,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Borrowings of $ 9,075,000 638,388 5% - 8,275,040 Original borrowings of $ 60,000 1% - 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 Other borrowing 356,048 225,929 Less: Current maturities 1,360,609 7,261,723 $ 619,569 $ 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 December 31, 2024 $ 1,238,237 2025 575,991 2026 25,778 2027 17,800 Loans payable $ 1,857,806

LOANS PAYABLE _ RELATED PARTI_2

LOANS PAYABLE — RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Payable Related Parties
Schedule of loans payable, related parties	Schedule of loans payable, related parties December 31, December 31, Original borrowings of $ 496,500 6% $ - $ 238,000 Less - 238,000 $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income tax	Schedule of components of income tax Year ended December 31, 2023 2022 Current: Federal - - State - - Total Current Tax Expense - - Deferred: Federal - - State - - Total Deferred Tax Expense - - Total Income tax expense - -
Schedule of reconciliation income tax expense	Schedule of reconciliation income tax expense Year ended 2023 2022 Tax at the Statutory Federal Rate 21.0 % 21.0 % Permanent Differences (3.5 )% True Up (1.1 )% State Income Taxes 4.2 % 5.5 % Valuation Allowance (20.6 )% -26.5 % Effective Income Tax Rate 0.0 % 0.0 %
Schedule of deferred tax assets	Schedule of deferred tax assets Year ended December 31, 2023 2022 Non-Cash Stock Compensation Expense 2,483,054 676,190 Change in Right-of-Use Asset and Lease Liability, Net 742,016 436,143 Settlement Liability 2,181,404 - Depreciation 1,010 - NOL Carry-forward 13,359,398 1,151,025 Total Deferred Tax Assets 18,766,882 2,263,358 Unrealized Gain (290,260 ) - Net Deferred Tax Assets before Valuation Allowance 18,476,622 2,263,358 Valuation Allowance (18,476,622 ) (2,263,358 ) Net Deferred Tax Assets - -

STOCK OPTIONS AND WARRANTS (Tab

STOCK OPTIONS AND WARRANTS (Tables)	12 Months Ended
	Dec. 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 December 31, Risk-free interest rate 3.12 4.70 % Expected option life 6 48 Expected volatility 37.98 62.43 % 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 $ 4.00 9.8 $ - Granted 275,000 3.89 Exercised (20,000 ) 1.76 Expired - - Forfeited (418,599 ) 2.17 Outstanding at December 31, 2023 1,746,885 $ 2.86 9.0 $ 5,427,118 Exercisable at December 31, 2023 489,295 $ 2.70 8.8 $ 1,599,251
Schedule of status of non-vested options	Schedule of status of non-vested options Number of Weighted Average Nonvested options at December 31, 2022 1,910,484 $ 2.55 Granted 275,000 3.89 Forfeited (418,599 ) 2.17 Vested (509,295 ) 2.66 Nonvested options at December 31, 2023 1,257,590 $ 2.93
Schedule of warrant activity	Schedule of warrant activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2022 3,018,250 $ 2.64 4.8 $ - Issued 6,500,000 4.25 Exercised (4,076,250 ) 2.49 Expired - - Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Exercisable at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Transactions
Schedule of equity transactions	Schedule of equity transactions Description P/L Account Date Shares Price Value Employee compensation Non-Cash Compensation Expense 12/29/2023 1,352,000 $ 5.97 $ 8,071,440 Subtotal 1,352,000 $ 8,071,440 For the three months ended September 30, 2023 Description P/L Account Date Shares Price Value Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 8/16/2023 91,525 $ 2.85 $ 260,846 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 30,555 $ 2.90 $ 88,610 In connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 15,278 $ 2.90 $ 44,306 Advisory and legal services Non-Cash Issuance of Common Stock for Operating Expenses 8/21/2023 9,250 $ 2.85 $ 26,363 Acorn Management Partners in connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 8/28/2023 8,741 $ 2.89 $ 25,261 Elizabeth Brown in connection with her termination of employment Non-Cash Issuance of Common Stock for Operating Expenses 7/21/2023 50,000 $ 3.11 $ 155,500 Subtotal 205,349 $ 600,886 For the three months ended June 30, 2023 Description P/L Account Date Shares Price Value Issuance of shares for deferred compensation Accrued Liabilities 5/24/2023 86,518 $ 2.97 $ 256,958 Issuance of shares for deferred compensation Accrued Liabilities 5/17/2023 73,518 $ 2.86 $ 210,259 Subtotal 160,036 $ 467,217 Acorn Management Partners in connection with advisory services Non-Cash Issuance of Common Stock for Operating Expenses 6/1/2023 15,040 $ 3.42 $ 51,437 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 5/17/2023 65,573 $ 3.05 $ 199,998 Issuance of shares for consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 5/3/2023 195,912 $ 2.72 $ 532,880 Subtotal 276,525 $ 784,314 For the three months ended March 31, 2023 Description P/L Account Date Shares Price Value Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 3/1/2023 166,665 $ 2.58 $ 429,996 In connection with certain property finders’ fee arrangements Non-Cash Issuance of Common Stock for Operating Expenses 3/17/2023 136,887 $ 2.45 $ 335,373 In connection with a consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 2/10/2023 196,994 $ 1.85 $ 364,439 In connection with a marketing agreement Non-Cash Issuance of Common Stock for Operating Expenses 2/10/2023 100,000 $ 1.85 $ 185,000 Subtotal 600,546 $ 1,314,808 1,242,456 $ 3,161,267 For the year ended December 31, 2022 Description P/L Account Date Shares Price Value Employee Compensation Non-Cash Compensation Expense 12/14/2022 875,000 $ 1.69 $ 1,478,750 In connection with a consulting agreement Non-Cash Issuance of Common Stock for Operating Expenses 12/20/2022 174,000 $ 1.69 $ 294,060 Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 12/16/2022 13,500 $ 1.70 $ 22,950 Non-employee Board members pursuant to related comp. policy Non-Cash Stock Compensation Expense 8/16/2022 54,000 $ 3.37 $ 181,980 1,116,500 $ 1,977,740

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Rents received in advance	$ 4,404,216	$ 2,566,504
Net income (loss) attributable to parent	78,523,377	9,390,353
Working capital deficit	13,404,684
Cash and cash equivalents	752,848	1,076,402
Accounts receivable	2,947,780
Pays commissions to third-party	11,149,825	6,549,422
Provision for income taxes	0	0
Accrued sales tax payable	$ 3,266,302	$ 229,371

LEASES (Details)

LEASES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Jan. 02, 2022
Leases
Operating lease right of use assets, net	$ 241,613,588	$ 83,325,075	$ 36,304,289
Operating lease liabilities, current portion	1,982,281	4,293,085	7,370,890
Operating lease liabilities, net of current portion	$ 242,488,610	$ 81,626,338	$ 29,884,584

LEASES (Details 1)

LEASES (Details 1) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Jan. 02, 2022
Leases
2024	$ 32,547,150
2025	33,490,713
2026	34,424,459
2027	35,617,460
2028	36,801,320
Thereafter	428,686,814
Total lease payment	601,567,916
Less interest	(357,097,025)
Present value obligation	244,470,891
Short-term liability	(1,982,281)	$ (4,293,085)	$ (7,370,890)
Long-term liability	$ 242,488,610	$ 81,626,338	$ 29,884,584

LEASES (Details 2)

LEASES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases
Weighted average discount rate	12.30%
Weighted average remaining lease term (years)	14 years 2 months 12 days
Operating lease cost	$ 34,949,654	$ 23,695,139
Short-term lease cost	648,079	561,229
Total lease cost	$ 35,597,733	$ 24,256,368

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 31, 2024	Dec. 31, 2022	Jan. 02, 2022
Subsequent Event [Line Items]
Operating lease right-of-use asset, net	$ 241,613,588		$ 83,325,075	$ 36,304,289
Operating lease liability - current	1,982,281		4,293,085	7,370,890
Operating Lease Liabilities - Noncurrent	242,488,610		81,626,338	$ 29,884,584
Cumulative effect adjustment of unamortized deferred lease costs incurred to retained earnings	414,373
Security deposits			$ 112,290
Capitalization of lease	$ 6,945,357
Subsequent Event [Member]
Subsequent Event [Line Items]
Security deposits		$ 2,961,058
Accrued liability		$ 2,803,942

ACCOUNTS RECEIVABLES, PROCESS_2

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Channel retained funds	$ 1,500,000	$ 1,500,000
Processor retained funds	2,633,926	5,234,220
Net allowances for credit losses	393,412
Receivables valuation reserve	529,000
Other receivables	329,987
Other receivables allowances for credit losses	486,708
OTA [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts receivables from related party	6,936,254	0
City Of New York And Landlords [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts receivables from related party	$ 4,585,370	$ 0

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 23,182,305	$ 6,252,492
Accrued payroll and related liabilities	2,024,000	1,570,000
Utilities fees	3,265,000
Rent	1,737,000	104,000
Commissions	632,000	572,000
Legal exposure	8,400,000	805,000
Sales and other taxes	3,910,000
Professional fees	590,000
Supplies and sundries	420,000
Repairs, maintenance, and improvements	719,000
Insurance expense	194,000
Bank and service fees	288,223
Processing fees	52,000	495,000
License fees and public relations	94,000
Printing expenses	263,000
Director fees	231,000	135,000
Internet and software expense	71,000
Other miscellaneous items	$ 42,000	158,000
Accrued interest		1,002,000
Credit cards payable		507,000
Sales and real estate taxes		371,000
Costs related to the initial public offering		268,000
Legal and accounting fees		$ 265,000

LOANS PAYABLE - SBA - PPP LOAN

LOANS PAYABLE - SBA - PPP LOAN (Details)	Dec. 31, 2023 USD ($)
Loans Payable Sba Ppp Loan
2024	$ 276,658

LOANS PAYABLE _ SBA _ PPP LOA_2

LOANS PAYABLE — SBA — PPP LOAN (Details Narrative) - USD ($)	Dec. 31, 2023	Feb. 17, 2023	Jan. 30, 2023	Dec. 31, 2022	Dec. 20, 2022	May 31, 2020	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 [Member]
Short-Term Debt [Line Items]
Original amount of loans payable						$ 298,958	$ 516,225	$ 10,000,000
Accrued interest	$ 5,571			$ 5,571

LOANS PAYABLE - SBA - EIDL LOAN

LOANS PAYABLE - SBA - EIDL LOAN (Details)	Dec. 31, 2023 USD ($)
Loans Payable Sba Eidl Loan
2024	$ 17,322
2025	15,391
2026	15,979
2027	16,588
2028	17,221
Thereafter	704,449
Total	$ 786,950

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

Dec. 31, 2023 USD ($)

Feb. 17, 2023 USD ($)

Jan. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 20, 2022 USD ($)

Dec. 31, 2021

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 [Member]

Short-Term Debt [Line Items]

Number of loans | Item

0

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

$ 786,950

$ 800,000

Accrued interest

$ 27,644

SHORT-TERM BUSINESS FINANCING (

SHORT-TERM BUSINESS FINANCING (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Short-term Business Financing
Merchant cash advances net of unamortized fees	$ 1,115,120	$ 2,003,015

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Feb. 17, 2023	Jan. 30, 2023	Dec. 20, 2022
Short-Term Debt [Line Items]
Original amount of loans payable			$ 2,079,686	$ 1,250,000	$ 3,000,000
Loans payable	$ 1,857,806
Other borrowing	356,048	$ 225,929
Less: Current maturities	1,360,609	7,261,723
Loans payable non current	619,569	3,401,632
Original borrowings of $250,000, bears interest at 1%, requires no payments until maturity in January 2024 [Member]
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
Original borrowings of $250,000, bears interest at 1%, requires no payments until maturity in January 2024 [Member]
Short-Term Debt [Line Items]
Original amount of loans payable	151,096	151,096
Additional borrowings	252,954	252,954
Loans payable	338,512	392,044
Monthly payment of loans payable	1,500	1,500
Total payments made	404,050	404,050
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 [Member]
Short-Term Debt [Line Items]
Original amount of loans payable	553,175	553,175
Additional borrowings	72,237	72,237
Loans payable	400,000	450,000
Monthly payment of loans payable	25,000	25,000
Total payments made	625,412	625,412
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 [Member]
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 payable of $492,180, requires monthly payments of $25,000 until total payments of $492,180 have been made [Member]
Short-Term Debt [Line Items]
Original amount of loans payable	$ 9,075,000	$ 9,075,000
Interest rate of loans payable	5%	5%
Loans payable		$ 8,275,040
Debt instrument, unamortized discount	638,388	638,388
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 [Member]
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
Original borrowings of $60,000, bears interest at 1%, requires no payments until maturity in January 2024 [Member]
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 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 [Member]
Short-Term Debt [Line Items]
Original amount of loans payable	119,224	119,224
Monthly payment of loans payable	14,903	14,903
Original borrowing		$ 119,224

LOANS PAYABLE (Details 1)

LOANS PAYABLE (Details 1)	Dec. 31, 2023 USD ($)
Disclosure Loans Payable Abstract
2024	$ 1,238,237
2025	575,991
2026	25,778
2027	17,800
Loans payable	$ 1,857,806

LOANS PAYABLE - RELATED PARTIES

LOANS PAYABLE - RELATED PARTIES (Details) - USD ($)	Dec. 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
Less: Current maturities				$ 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 [Member] | Lender, Stockholder of the Company [Member]
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				$ 238,000

LOANS PAYABLE _ RELATED PARTI_3

LOANS PAYABLE — RELATED PARTIES (Details Narrative)	1 Months Ended
	May 31, 2023 shares
Loans Payable Related Parties
Share issued to repay loan	58,088

CONVERTIBLE NOTES - RELATED P_2

CONVERTIBLE NOTES - RELATED PARTIES (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2023	Feb. 17, 2023	Dec. 31, 2023	Dec. 31, 2022	Jan. 30, 2023	Dec. 20, 2022
Convertible Notes - Related Parties
Original amount of loans payable		$ 2,079,686			$ 1,250,000	$ 3,000,000
Maturity date		Aug. 17, 2023
Loss on extinguishment of debt		$ 58,579	$ (58,579)
Repayment of convertible debt	$ 808,000
Outstanding notes amount	$ 196,994

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2019
Line of Credit Facility [Line Items]
Line of Credit	$ 69,975	$ 94,975
Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 95,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended					12 Months Ended
	Dec. 31, 2023	Nov. 17, 2023	Oct. 26, 2023	Sep. 30, 2023	Dec. 20, 2022	Dec. 31, 2023	Dec. 31, 2022	Feb. 17, 2023	Jan. 31, 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							$ 300,000
Entired converted amount							3,000,000
Provided conversion shares									874,474
Prepaid guarantee trust - related party	$ 1,023,750					$ 1,023,750
Prepaid expenses	326,250					326,250
Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Underwritten public offering			280,000
Underwritten public offering gross proceeds			$ 7,000,000
Mr. Ferdinand [Member]
Related Party Transaction [Line Items]
Repayment of debt						$ 1,500,000
Payment to related party	$ 1,350,000
Mr. Ferdinand [Member] | Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Number of share purchased			20,000
Number of share purchased gross and net proceeds			$ 1,000,000
Shanoop Kothari [Member]
Related Party Transaction [Line Items]
Number of share purchased				120,000
Number of share purchased gross and net proceeds				$ 500,000
Mr. Kothari [Member] | Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Number of share purchased			20,000
Number of share purchased gross and net proceeds			$ 1,000,000
Lender [Member]
Related Party Transaction [Line Items]
Financing agreement description		Company entered into a financing agreement with THA Holdings LLC (the “Lender”), an entity controlled and operated by Mr. Ferdinand, pursuant to which the Company agreed to issue to the Lender an unsecured, advancing term promissory note (the “Note”). Under the Note, the Company is able to borrow, and the Lender has committed to lend to the Company up to an aggregate principal amount of $10,000,000 (the “Initial Principal Amount”) to be funded in increments of $1,000,000 upon the Company’s request by the sale, from time to time, of shares of the Company’s common stock, owned by the Lender. On December 3, 2023, the Company and Mr. Ferdinand mutually agreed to cancel the Note. The amount of proceeds, less taxes, resulting from sales of common stock prior to the cancelation in the amount of $311,234 was contributed to the Company by Mr. Ferdinand.

SECURITY DEPOSIT LETTER OF CR_2

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

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative)	Dec. 31, 2023 USD ($)
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Sales Channels [Member]
Concentration Risk [Line Items]
FDIC insured amount	$ 250,000

MAJOR SALES CHANNELS (Details N

MAJOR SALES CHANNELS (Details Narrative) - Item	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Product Information [Line Items]
Number of sales channels	3
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Sales Channels [Member]
Product Information [Line Items]
Total rental revenue, percentage	85%	95%

TAXES (Details)

TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal
State
Total Current Tax Expense
Deferred:
Federal
State
Total Deferred Tax Expense
Total Income tax expense	$ 0	$ 0

TAXES (Details 1)

TAXES (Details 1)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at the Statutory Federal Rate	21%	21%
Permanent Differences	(3.50%)
True Up	(1.10%)
State Income Taxes	4.20%	5.50%
Valuation Allowance	(20.60%)	(26.50%)
Effective Income Tax Rate	0%	0%

TAXES (Details 2)

TAXES (Details 2) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Non-Cash Stock Compensation Expense	$ 2,483,054	$ 676,190
Change in Right-of-Use Asset and Lease Liability, Net	742,016	436,143
Settlement Liability	2,181,404
Depreciation	1,010
NOL Carry-forward	13,359,398	1,151,025
Total Deferred Tax Assets	18,766,882	2,263,358
Unrealized Gain	(290,260)
Net Deferred Tax Assets before Valuation Allowance	18,476,622	2,263,358
Valuation Allowance	(18,476,622)	(2,263,358)
Net Deferred Tax Assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Valuation Allocation	$ 18,476,622	$ 2,263,358

STOCK OPTIONS AND WARRANTS (Det

STOCK OPTIONS AND WARRANTS (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
Risk-free interest rate, minimum	3.12%
Risk-free interest rate, maximum	4.70%
Expected volatility, minimum	37.98%
Expected volatility, maximum	62.43%
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) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Outstanding at the beginning (in shares)	1,910,484
Outstanding at the beginning (in dollars per shares)	$ 4
Weighted Average Remaining Contractual Life (years)	9 years 9 months 18 days
Aggregate intrinsic value, outstanding at the beginning
Granted (in shares)	275,000
Granted (in dollars per shares)	$ 3.89	$ 3.28
Exercised (in shares)	(20,000)
Exercised (in dollars per shares)	$ 1.76
Expired (in shares)
Expired (in dollars per shares)
Forfeited (in shares)	(418,599)
Forfeited (in dollars per shares)	$ 2.17
Outstanding at the end (in shares)	1,746,885	1,910,484
Outstanding at the end (in dollars per shares)	$ 2.86	$ 4
Weighted Average Remaining Contractual Life (years)	9 years
Aggregate intrinsic value, outstanding at the end	$ 5,427,118
Number of share exercisable	489,295
Weighted Average Exercise Price exercisable	$ 2.70
Weighted Average Remaining Contractual Life (years)	8 years 9 months 18 days
Aggregate Intrinsic Value exercisable	$ 1,599,251

STOCK OPTIONS AND WARRANTS (D_3

STOCK OPTIONS AND WARRANTS (Details 2)	12 Months Ended
	Dec. 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	275,000
Granted (in dollars per share) | $ / shares	$ 3.89
Forfeited | shares	(418,599)
Forfeited (in dollars per share) | $ / shares	$ 2.17
Vested | shares	(509,295)
Vested (in dollars per share) | $ / shares	$ 2.66
Nonvested options at the end | shares	1,257,590
Nonvested options at the end (in dollars per share) | $ / shares	$ 2.93

STOCK OPTIONS AND WARRANTS (D_4

STOCK OPTIONS AND WARRANTS (Details 3)	12 Months Ended
	Dec. 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 (in years)	4 years 9 months 18 days
Aggregate Intrinsic Value at the beginning | $
Issued | shares	6,500,000
Issued (in dollars per share) | $ / shares	$ 4.25
Exercised | shares	(4,076,250)
Exercised (in dollars per share) | $ / shares	$ 2.49
Expired | shares
Expired (in dollars per share) | $ / shares
Outstanding at the end | shares	5,442,000
Outstanding at the end (in dollars per share) | $ / shares	$ 4.68
Outstanding at the end (in years)	4 years 8 months 12 days
Aggregate Intrinsic Value at the end | $	$ 7,038,940
Exercisable | shares	5,442,000
Exercisable (in dollars per share) | $ / shares	$ 4.68
Exercisable (in years)	4 years 8 months 12 days
Aggregate intrinsic value exercisable | $	$ 7,038,940

STOCK OPTIONS AND WARRANTS (D_5

STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($)			1 Months Ended							12 Months Ended
	Nov. 06, 2023	Aug. 11, 2023	Dec. 27, 2023	Dec. 17, 2023	Apr. 16, 2023	Feb. 15, 2023	Oct. 30, 2022	Sep. 30, 2022	Sep. 16, 2022	Dec. 31, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Number of aggregate shares granted										275,000	3,826,500
Weighted average exercise price										$ 3.89	$ 3.28
Stock option expense										$ 617,819	$ 751,776
Unamortized option expense										$ 1,291,367
Unamortized option expense expected to be recognized over a weighted average period										1 year 2 months 12 days
Number of warrants issued										6,500,000
Weighted average exercise price										$ 4.68	$ 2.64
Warrant expense			$ 3,081,400	$ 4,187,800		$ 167,573
Warrant expense											$ 1,850,431
Proceeds from warrant exercised										$ 10,141,498
Lender Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants description					On April 16, 2023 in conjunction with an agreement with certain lenders, the Company issued warrants to purchase up to 1,000,000 shares of the Company’s common stock with an exercise price of $3.00 per share, and warrants to purchase up to 250,000 shares of our common stock with an exercise price of $4.00 per share. All of these warrants have a term of 5 years and expire in April of 2028. Under this agreement, these lenders would be required to exercise all or a portion of these warrants if the Company’s common stock traded at prices between $3.00 per share and $4.00 per share for a prescribed number of trading days. On June 19, 2023, this agreement was modified to convert all of related outstanding debt in exchange for a reduction in the exercise price of all of these warrants to $2.50 per share.
Non-cash financing expenses					$ 259,074
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
Shareholders [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued	2,000,000
Weighted average exercise price	$ 4
Warrant expense	$ 4,939,000
Warrant Holders [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued			1,000,000	2,000,000
Weighted average exercise price			$ 5.50	$ 5
Number of warrants exercised			500,000	1,000,000
Proceeds from warrant exercised			$ 2,000,000	$ 4,000,000

Revenue Share Exchange (Details

Revenue Share Exchange (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest Expenses	$ 28,174,148
Greenle Shares Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued		7,040,000
Shares reserved		7,354,250

WYNDHAM AGREEMENTS (Details Nar

WYNDHAM AGREEMENTS (Details Narrative) - USD ($)		12 Months Ended
	Aug. 02, 2023	Dec. 31, 2023	Dec. 31, 2022
Development incentive advances		$ 5,968,696
Development incentive advances, current		300,840
Development incentive advances, long term liabilities		5,667,857
Amortization expenses		48,095
Amortization expenses for long term		$ 300,840
Minimum [Member]
Agreements terms	15 years
Maximum [Member]
Agreements terms	20 years

REDEEMABLE PREFERRED STOCK (Det

REDEEMABLE PREFERRED STOCK (Details Narrative) - USD ($)		1 Months Ended
	Dec. 05, 2023	Oct. 26, 2023	Dec. 31, 2023	Dec. 31, 2022
Preferred stock stated value			$ 25	$ 25
Series A Preferred Stock [Member]
Number of share issued		280,000
Interest rate		13%
Preferred stock stated value		$ 25
Dividends outstanding			$ 168,136
Series A Preferred Stock [Member] | Over-Allotment Option [Member]
Number of share sold	14,144
Number of share sold net proceeds	$ 5,775,596

EQUITY TRANSACTIONS (Details)

EQUITY TRANSACTIONS (Details) - USD ($)	3 Months Ended				12 Months Ended		24 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023
Total value of shares issued				$ 3,161,267	$ 9,310,483	$ 1,977,740
Issuance of Shares for Deferred Compensation			$ 467,217
Total value of shares issued	$ 8,071,440
Issuance of Shares for Operating Expenses		$ 600,886	$ 784,314	$ 1,314,808	$ 1,664,601
Finders Fee Arrangements [Member]
Issuance of Shares for Operating Expenses, par share			$ 3.05	$ 2.45
Issuance of Shares for Operating Expenses			$ 199,998	$ 335,373
Advisory Services [Member]
Issuance of Shares for Operating Expenses, par share		$ 2.90
Issuance of Shares for Operating Expenses		$ 44,306
Advisory And Legal Services [Member]
Issuance of Shares for Operating Expenses, par share		$ 2.85
Issuance of Shares for Operating Expenses		$ 26,363
Acorn Management [Member]
Issuance of Shares for Operating Expenses, par share		$ 2.89	$ 3.42
Issuance of Shares for Operating Expenses		$ 25,261	$ 51,437
Elizabeth Brown [Member]
Issuance of Shares for Operating Expenses, par share		$ 3.11
Issuance of Shares for Operating Expenses		$ 155,500
Deferred Compensation [Member]
Issuance of Shares for Deferred Compensation			$ 256,958
Issuance of Shares for Deferred Compensation, par share			$ 2.97
Deferred Compensation 1 [Member]
Issuance of Shares for Deferred Compensation			$ 210,259
Issuance of Shares for Deferred Compensation, par share			$ 2.86
Consulting Agreement [Member]
Issuance of Shares for Operating Expenses, par share			$ 2.72	$ 1.85
Issuance of Shares for Operating Expenses			$ 532,880	$ 364,439
Marketing Agreement [Member]
Issuance of Shares for Operating Expenses, par share				$ 1.85
Issuance of Shares for Operating Expenses				$ 185,000
Consulting Arrangements [Member]
Issuance of Shares for Operating Expenses, par share						$ 1.69
Issuance of Shares for Operating Expenses						$ 294,060
Employee Compensation [Member]
Non-Cash Stock Compensation Expense, par share	$ 5.97				$ 5.97	$ 1.69	$ 5.97
Total value of shares issued	$ 8,071,440					$ 1,478,750
Non Employee Board Members [Member]
Non-Cash Stock Compensation Expense, par share		$ 2.85		$ 2.58		$ 1.70
Total value of shares issued		$ 260,846		$ 429,996		$ 22,950
Finders Fee Arrangements [Member]
Non-Cash Stock Compensation Expense, par share		$ 2.90
Total value of shares issued		$ 88,610
Non Employee Board Members 1 [Member]
Non-Cash Stock Compensation Expense, par share						$ 3.37
Total value of shares issued						$ 181,980
Common Stock [Member]
Total shares issued during the period				1,242,456	1,790,226	1,116,500
Total value of shares issued					$ 18
Issuance of Shares for Deferred Compensation	$ 1,352,000
Issuance of Shares for Operating Expenses, shares		205,349	276,525	600,546
Issuance of Shares for Deferred Compensation, shares			160,036
Common Stock [Member] | Finders Fee Arrangements [Member]
Issuance of Shares for Operating Expenses, shares		30,555	65,573	136,887
Common Stock [Member] | Advisory Services [Member]
Issuance of Shares for Operating Expenses, shares		15,278
Common Stock [Member] | Advisory And Legal Services [Member]
Issuance of Shares for Operating Expenses, shares		9,250
Common Stock [Member] | Acorn Management [Member]
Issuance of Shares for Operating Expenses, shares		8,741	15,040
Common Stock [Member] | Elizabeth Brown [Member]
Issuance of Shares for Operating Expenses, shares		50,000
Common Stock [Member] | Deferred Compensation [Member]
Issuance of Shares for Deferred Compensation, shares			86,518
Common Stock [Member] | Deferred Compensation 1 [Member]
Issuance of Shares for Deferred Compensation, shares			73,518
Common Stock [Member] | Consulting Agreement [Member]
Issuance of Shares for Operating Expenses, shares			195,912	196,994
Common Stock [Member] | Marketing Agreement [Member]
Issuance of Shares for Operating Expenses, shares				100,000
Common Stock [Member] | Consulting Arrangements [Member]
Issuance of Shares for Operating Expenses, shares						174,000
Common Stock [Member] | Employee Compensation [Member]
Total shares issued during the period	1,352,000						875,000
Common Stock [Member] | Non Employee Board Members [Member]
Total shares issued during the period		91,525		166,665		13,500
Common Stock [Member] | Non Employee Board Members 1 [Member]
Total shares issued during the period						54,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Mar. 04, 2024	Feb. 16, 2024	Dec. 31, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Number of share exercised			20,000
Warrant exercise price			$ 4.68	$ 2.64
Subsequent Event [Member]
Subsequent Event [Line Items]
Fine amount	$ 1,200,000
Initial payment	225,000
Semi-annual payments	$ 162,500
Subsequent Event [Member] | Letter Agreement [Member] | Greenle [Member]
Subsequent Event [Line Items]
Number of share exercised		500,000
Warrant exercise price		$ 2