LuxUrban Hotels (LUXH) 10-Q/A 20 Aug 24 2024 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Aug. 20, 2024
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	LuxUrban Hotels Inc. (the “Company”) is filing this Amendment No.1 on Form 10-Q/A for the quarter ended March 31, 2024 (this “Form 10-Q/A”).   This Form 10-Q/A amends the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024, as filed with the Securities and Exchange Commission (“SEC”) on May 13, 2024 (the “Original Filing”). This Form 10-Q/A is being filed to restate the Company’s unaudited condensed consolidated financial statements for the three months ended March 31, 2024. The restatement reflects applying charges allocated by the Channel Retained Funds of the security, deposited by the Company and expensing them to other expenses category in cost of goods sold. The restatement provides a reserve for bad debt expense for Processor Retained Funds, Receivable from On-Line Travel Agencies and the Receivable from the City of New York and Landlords reducing those assets and increasing bad debt expense in General and Administrative Expenses. The restatement reflects the adjustment for the proposed settlement with the landlord for the receivable due from the City of New York. The restatement reflects the amortization of prepaid real estate taxes which reduced Prepaid Expenses and Other Current Assets and increased real estate taxes included in Other Expenses, Cost of Revenue. The restatement reflects the increase in liability of the Bookings Received in Advance and reduces the Net Rental Revenue. The restatement also adjusts for the cancelation of reservations by a merchant service provider reducing Net Rental Revenue and decreasing receivables from On-Line Travel Agencies and increasing accrued expenses liability for the amount due the guests. The restatement reflects the reversal of revenue for the three months ended March 31, 2024, caused by the transfer from one merchant service provider to another merchant service provider. These adjustments were evaluated by management in accordance with SEC Staff Accounting Bulletin Topic 1M, “Materiality” and management determined the effects of the restatement to be material. See Note 2 to the unaudited condensed consolidated financial statements included in this Form 10-Q/A for further information regarding the restatement.   The Company is filing this Form 10-Q/A to amend and restate the Original Filing with modification as necessary to reflect the restatement. The following items have been amended to reflect the restatement:   Part I, Item 1: Part I, Item 2: Part II, Item 1A:   In addition, the Company’s Chief Executive Officer and Chief Financial Officer have provided new certifications dated as of the date of this Form 10-Q/A (Exhibits 31.1, 31.2, 32.1 and 32.2).   Except as otherwise described above and as otherwise set forth in this Form 10-Q/A, this Form 10-Q/A does not amend, modify or update any other information contained in the Original Filing. This Form 10-Q/A does not purport to reflect any information or events subsequent to the Original Filing, except as expressly described herein. Accordingly, this Form 10-Q/A should be read in conjunction with our filings made with the SEC subsequent to the filing of the Original Filing. Among other things, forward-looking statements and risk factor disclosure in the Original 10-Q have not been revised to reflect events that occurred or facts that became known to the Company after the filing of the Original Filing, and such forward-looking statements and risk factors should be read in their historical context.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
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 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		123,400,956
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 Cumulative Redeemable Preferred Stock, $0.00001 par value per share
Title of 12(b) Security	13.00% Series A Cumulative Redeemable Preferred Stock, $0.00001 par value per share
Trading Symbol	LUXHP
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and Cash Equivalents	$ 994,904	$ 752,848
Accounts Receivable, Net	486,067	329,887
Channel Retained Funds, Net		1,500,000
Processor Retained Funds, Net		2,633,926
Receivables from On-Line Travel Agencies, Net		6,936,254
Receivables from City of New York and Landlords, Net	1,831,651	4,585,370
Prepaid Expenses and Other Current Assets	1,018,902	1,959,022
Prepaid Guarantee Trust - Related Party	672,750	1,023,750
Total Current Assets	5,004,274	19,721,057
Other Assets
Furniture, Equipment and Leasehold Improvements, Net	677,559	691,235
Security Deposits - Noncurrent	20,607,413	20,307,413
Prepaid Expenses and Other Noncurrent Assets	5,974,276	960,729
Operating Lease Right-Of-Use Assets, Net	229,016,100	241,613,588
Total Other Assets	256,275,348	263,572,965
Total Assets	261,279,622	283,294,022
Current Liabilities
Accounts Payable and Accrued Expenses	30,779,912	23,182,305
Bookings Received in Advance	14,626,651	4,404,216
Short Term Business Financing, Net	3,733,417	1,115,120
Loans Payable - Current	1,666,108	1,654,589
Initial Direct Costs Leases - Current	300,000	486,390
Operating Lease Liabilities - Current	1,944,026	1,982,281
Development Incentive Advances - Current	8,893,987	300,840
Total Current Liabilities	61,944,101	33,125,741
Long-Term Liabilities
Loans Payable	1,447,720	1,459,172
Development Incentive Advances - Noncurrent		5,667,857
Initial Direct Costs Leases - Noncurrent	3,950,000	4,050,000
Operating Lease Liabilities - Noncurrent	231,815,657	242,488,610
Total Long-Term Liabilities	237,213,377	253,665,639
Total Liabilities	299,157,478	286,791,380
Mezzanine equity
13% Redeemable Preferred Stock; Liquidation Preference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	5,775,596	5,775,596
Stockholders’ Deficit
Common Stock (shares authorized, issued, outstanding - 41,839,361, and 39,462,440, shares outstanding as of March 31, 2024 and December 31, 2023, respectively)	418	394
Additional Paid In Capital	98,455,107	90,437,155
Accumulated Deficit	(142,108,977)	(99,710,503)
Total Stockholders’ Deficit	(43,653,452)	(9,272,954)
Total Liabilities and Stockholders’ Deficit	$ 261,279,622	$ 283,294,022

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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	294,144
Preferred stock, shares outstanding	294,144	294,144
Common stock, shares authorized	41,839,361	39,462,440
Common stock, shares issued	41,839,361	39,462,440
Common stock, shares outstanding	41,839,361	39,462,440

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net Rental Revenue	$ 13,957,361	$ 22,814,175
Rent Expense	8,344,007	5,421,867
Non-Cash Rent Expense Amortization	2,093,667	1,651,669
Surrender of Deposits	750,000
Other Expenses	24,350,623	10,378,765
Total Cost of Revenue	35,538,297	17,452,301
Gross (Loss) Profit	(21,580,936)	5,361,874
General and Administrative Expenses	12,143,305	2,742,586
Non-Cash Issuance of Common Stock for Operating Expenses	304,925	884,816
Non-Cash Stock Compensation Expense	724,514	429,996
Non-Cash Stock Option Expense	152,339	167,573
Partnership Considerations	2,679,469
Total Operating Expenses	16,004,552	4,224,971
(Loss) Income from Operations	(37,585,488)	1,136,903
Other Income (Expense)
Other Income	210,076	39,878
Cash Interest and Financing Costs	(2,459,800)	(2,130,605)
Non-Cash Financing Costs	(2,324,270)	(1,704,549)
Total Other Expense	(4,573,994)	(3,795,276)
Loss Before Provision for Income Taxes	(42,159,482)	(2,658,373)
Provision for Income Taxes	0	122,161
Net Loss	(42,159,482)	(2,780,534)
Preferred Stock Dividend	(238,992)
Net Loss Attributable to Common Stockholders	$ (42,398,474)	$ (2,780,534)
Basic Loss Per Common Share	$ (0.87)	$ (0.10)
Diluted Loss Per Common Share	$ (0.87)	$ (0.10)
Basic Weighted Average Number of Common Shares Outstanding	49,223,606	28,659,358
Diluted Weighted Average Number of Common Shares Outstanding	49,223,606	28,659,358

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDTIED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance - December 31, 2022 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			(2,780,534)	(2,780,534)
Non-Cash Stock Compensation Expense	$ 2	429,994		429,996
Non-Cash Stock Compensation Expense, shares	166,665
Non-Cash Stock Option Expense		167,573		167,573
Issuance of Shares for Operating Expenses	$ 4	884,812		884,816
Issuance of Shares for Operating Expenses, shares	433,881
Conversion of Loans	$ 9	2,699,991		2,700,000
Conversion of Loans, shares	900,000
Modification of Warrants
Warrant Exercise	$ 2	399,998		400,000
Warrant Exercise, shares	200,000
Preferred Dividends
Loss on Debt Extinguishment		58,579		58,579
Balance - March 31, 2023 at Mar. 31, 2023	$ 293	22,367,539	(23,799,526)	(1,431,694)
Ending balance, shares at Mar. 31, 2023	29,392,464
Balance - December 31, 2022 at Dec. 31, 2023	$ 394	90,437,155	(99,710,503)	(9,272,954)
Beginning balance, shares at Dec. 31, 2023	39,462,440
Net Loss			(42,159,482)	(42,159,482)
Non-Cash Stock Compensation Expense	$ 2	633,074		633,076
Non-Cash Stock Compensation Expense, shares	222,800
Non-Cash Option Compensation Expense		152,339		152,339
Issuance of Shares for Operating Expenses	$ 1	304,925		304,926
Issuance of Shares for Operating Expenses, shares	69,863
Modification of Warrants		2,036,200		2,036,200
Warrant Exercise	$ 15	4,799,985		4,800,000
Warrant Exercise, shares	1,450,000
Issuance of Shares to Satisfy Loans		91,435		91,435
Issuance of Shares to Satisfy Loans, shares	20,008
Issuance of Shares for Revenue Share Agreements	$ (6)	6
Issuance of Shares for Revenue Share Agreements, shares	614,250
Preferred Dividends			(238,992)	(238,992)
Balance - March 31, 2023 at Mar. 31, 2024	$ 418	$ 98,455,107	$ (142,108,977)	$ (43,653,452)
Ending balance, shares at Mar. 31, 2024	41,839,361

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net Loss	$ (42,159,482)	$ (2,780,534)
Adjustments to reconcile net loss to net cash provided by operating activities:
Writeoff of bad debts	7,843,456
Writeoff of channel retained funds security deposit	1,500,000
Writeoff of security deposits	750,000
Writeoff of vendor overpayment	50,000
Non-cash stock compensation expense	55,500	429,996
Non-cash stock director expense	577,576
Non-cash stock option expense	152,339	167,573
Depreciation expense	13,676	11,031
Shares issued for operating expenses	304,926	884,816
Modification of Warrants	2,036,200
Non-cash lease expense	10,146,639	6,456,386
Gain on lease exit	(209,811)
Non-cash forgiveness of Development Incentive Advances	(75,210)
Gain on sale of Treasury Bills		(31,014)
Non-cash Financing Charges Associated with Short Term Business Financing	286,576	78,402
Loss on Debt Extinguishment		58,579
(Increase) Decrease in:
Accounts Receivable, Net	(156,180)
Processor retained funds		(218,023)
Receivables from On-Line Travel Agencies, Net	2,711,468
Receivables from City of New York and Landlords, Net	1,768,975
Prepaid expense and other assets	(4,073,427)	261,157
Prepaid Guarantee Trust - Related Party	351,000
Security deposits	(1,050,000)	(3,907,720)
(Decrease) Increase in:
Accounts payable and accrued expenses	7,547,607	1,024,948
Operating lease liabilities	(8,050,548)	(4,804,716)
Rents received in advance	10,222,435	2,630,239
Accrued Income Taxes		122,161
Net cash (used in) provided by operating activities	(9,456,285)	383,281
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
Proceeds from (Repayments of) short term business financing - net	2,331,721	(1,255,512)
Warrant Exercises	4,800,000	400,000
Proceeds from Development Incentive Advances	3,000,500
Proceeds from (Repayments of) loans payable - net	67	(165,896)
Repayments of financed initial direct costs	(194,955)
Preferred shareholder dividends paid	(238,992)
Net cash provided by (used in) financing activities	9,698,341	(1,021,408)
Net Increase in Cash and Cash Equivalents and Restricted Cash	242,056	1,804,507
Cash and Cash Equivalents and Restricted Cash - beginning of the period	752,848	2,176,402
Cash and Cash Equivalents and Restricted Cash - end of the period	994,904	3,980,909
Cash and Cash Equivalents	994,904	2,880,909
Restricted Cash		1,100,000
Total Cash and Cash Equivalents and Restricted Cash	994,904	3,980,909
Supplemental Disclosures of Cash Flow Information
Taxes
Interest	1,598,784	2,130,605
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets		88,267,775
Noncash financing activities:
Financed Initial Direct Costs for leases paid with common stock	91,435
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, 2024
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. In August 2023, the Company entered into franchise agreements with Wyndham Hotels & Resorts, Inc. pursuant to which the hotels operated by the Company were to become part of the Trademark Collection ® In May 2024, in light of discussions between our Company and Wyndham on the initial and projected future performance of our properties within the franchise relationships, we commenced the return of all property listings to our control, terminating our franchise relationship with Wyndham. The Company is currently in the process of de-platforming these properties from Wyndham’s systems and moving each hotel listing back under the Company’s control. The Company expects that this process will be completed by the end of May 2024 with minimal operational disruption, although unforeseen risks could cause delays. As part of the Company’s previously announced imitative to add industry depth and breadth to its board of directors and management to help evolve operations, the Company’s enhanced board and executive teams have reviewed all existing operational relationships. Given the Company’s operating model, it was concluded that over the long term the Company would be better served operationally and financially by operating the hotels as an independent operator. All significant intercompany accounts and transactions have been eliminated in consolidation.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	3 Months Ended
	Mar. 31, 2024
Restatement Of Previously Issued Financial Statements
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	2 - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS On August 9, 2024, the Company in concurrence with the Company’s audit committee, concluded that our 2024 unaudited condensed consolidated financial statements as of the first quarterly period in 2024 included in our Quarterly Report on Form 10-Q for the respective period, (the “Prior Period Financial Statements”) should no longer be relied upon due to misstatements that are described below, and that we would restate such financial statements to make the necessary accounting corrections. Details of the restated condensed consolidated financial statements for the three months ended March 31, 2024, are provided below (“Restatement Items”). The Restatement Items reflect adjustments to correct errors in the March 31, 2024, condensed consolidated financial statement areas including Channel Retained Funds, Other Expenses, Bookings Received in Advance and Net Rental Revenue. The nature and impact of these adjustments are described below and also detailed in the tables below. Restatement Items Channel Retained Funds and Other Expenses Processor Retained Funds, Receivables from On-Line Travel Agencies, Receivables from City of New York and Landlords, Accounts Payable and Accrued Expenses and Net Rental Revenue – 7,843,456 2,633,926 6,749,769 984,744 3,738,224 6,263,207 8,387,549 Receivable from City of New York, Accounts Payable and Accrued Expenses and Net Rental Revenue 3,201,640 1,827,157 830,390 Prepaid Expenses and Other Current Assets and Other Expenses – 342,212 Bookings Received in Advance and Net Rental Revenue 8,050,248 8,050,248 The following tables present the effect of the Restatement Items on the Company’s condensed consolidated balance sheet for the period indicated: Condensed balance sheet As of March 31, 2024 As Previously Restatement Restatement ASSETS Current Assets Cash and Cash Equivalents $ 994,904 $ - $ 994,904 Accounts Receivable, Net 486,067 - 486,067 Channel Retained Funds, Net 1,500,000 (1,500,000 ) - a Processor Retained Funds, Net 2,633,926 (2,633,926 ) - b Receivables from On-Line Travel Agencies, Net 6,749,769 (6,749,769 ) - b (984,744 ) b Receivables from City of New York and Landlords, Net 6,018,035 (3,201,640 ) 1,831,651 c Prepaid Expenses and Other Current Assets 1,361,114 (342,212 ) 1,018,902 d Prepaid Guarantee Trust - Related Party 672,750 - 672,750 Total Current Assets 20,416,565 (15,412,291 ) 5,004,274 Other Assets Furniture, Equipment and Leasehold Improvements, Net 677,559 - 677,559 Security Deposits - Noncurrent 20,607,413 - 20,607,413 Prepaid Expenses and Other Noncurrent Assets 5,974,276 - 5,974,276 Operating Lease Right-Of-Use Assets, Net 229,016,100 - 229,016,100 Total Other Assets 256,275,348 - 256,275,348 Total Assets $ 276,691,913 $ (15,412,291 ) $ 261,279,622 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities $ 3,738,225 b Accounts Payable and Accrued Expenses $ 28,868,844 (1,827,157 ) $ 30,779,912 c Bookings Received in Advance 6,576,403 8,050,248 14,626,651 e Short Term Business Financing, Net 3,733,417 - 3,733,417 Loans Payable - Current 1,666,108 - 1,666,108 Initial Direct Costs Leases - Current 300,000 - 300,000 Operating Lease Liabilies - Current 1,944,026 - 1,944,026 Development Incentive Advances - Current 8,893,987 - 8,893,987 Total Current Liabilities 51,982,785 9,961,316 61,944,101 Long-Term Liabilities Loans Payable 1,447,720 - 1,447,720 Development Incentive Advances - Noncurrent - - - Initial Direct Costs Leases - Noncurrent 3,950,000 - 3,950,000 Operating Lease Liabilities - Noncurrent 231,815,657 - 231,815,657 Total Long-Term Liabilities 237,213,377 - 237,213,377 Total Liabilities 289,196,162 9,961,316 299,157,478 Mezzanine equity 13% Redeemable Preferred Stock; Liquidation Perference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024 5,775,596 - 5,775,596 Commitments and Contingencies Stockholders’ Deficit Common Stock (90,000,000 shares authorized, issued, outstanding - 41,839,361) 418 - 418 Additional Paid In Capital 98,455,107 - 98,455,107 Accumulated Deficit (116,735,370 ) (25,373,607 ) (142,108,977 ) a, b, c, d, e Total Stockholders’ Deficit (18,279,845 ) (25,373,607 ) (43,653,452 ) Total Liabilities and Stockholders’ Deficit $ 276,691,913 $ (15,412,291 ) $ 261,279,622 See accompanying notes to condensed consolidated financial statements. The following tables present the effect of the Restatement Items on the Company’s condensed consolidated statement of operations for the period indicated: Condensed income statement As of March 31, 2024 As Previously Restatement Restatement Net Rental Revenue $ 29,101,207 $ (15,143,846 ) $ 13,957,361 b, c, e Rent Expense 8,344,007 - 8,344,007 Non-Cash Rent Expense Amortization 2,093,667 - 2,093,667 Surrender of Deposits 750,000 - 750,000 Other Expenses 22,508,411 1,842,212 24,350,623 a, d Total Cost of Revenue 33,696,085 1,842,212 35,538,297 Gross (Loss) Profit (4,594,878 ) (16,986,058 ) (21,580,936 ) General and Administrative Expenses 3,755,756 8,387,549 12,143,305 b Non-Cash Issuance of Common Stock for Operating Expenses 304,925 - 304,925 Non-Cash Stock Compensation Expense 724,514 - 724,514 Non-Cash Stock Option Expense 152,339 - 152,339 Partnership Considerations 2,679,469 - 2,679,469 Total Operating Expenses 7,617,003 8,387,549 16,004,552 (Loss) Income from Operations (12,211,881 ) (25,373,607 ) (37,585,488 ) Other Income (Expense) Other Income 210,076 - 210,076 Cash Interest and Financing Costs (2,459,800 ) - (2,459,800 ) Non-Cash Financing Costs (2,324,270 ) - (2,324,270 ) Total Other Expense (4,573,994 ) - (4,573,994 ) Loss Before Provision for Income Taxes (16,785,875 ) (25,373,607 ) (42,159,482 ) Provision for Income Taxes - - - Net Loss (16,785,875 ) (25,373,607 ) (42,159,482 ) Preferred Stock Dividend (238,992 ) - (238,992 ) Net Loss Attributable to Common Stockholders $ (17,024,867 ) $ (25,373,607 ) $ (42,398,474 ) Basic Loss Per Common Share $ (0.35 ) $ (0.52 ) $ (0.87 ) Diluted Loss Per Common Share $ (0.35 ) $ (0.52 ) $ (0.87 ) Basic and Diluted Weighted Average Number of Common Shares Outstanding 49,223,606 49,223,606 49,223,606 See accompanying notes to condensed consolidated financial statements. The following tables present the effect of the Restatement Items on the Company’s condensed consolidated statement of changes in stockholders’ deficit for the period indicated: Stockholders' equity Common Stock Additional Accumulated Stockholders’ Restatement Shares Value Capital Deficit (Deficit) References Balance - December 31, 2023 39,462,440 $ 394 $ 90,437,155 $ (99,710,503 ) $ (9,272,954 ) Net Loss - - - (16,785,875 ) (16,785,875 ) Non-Cash Stock Compensation Expense 222,800 2 633,074 - 633,076 Non-Cash Option Compensation Expense - - 152,339 - 152,339 Issuance of Shares for Operating Expenses 69,863 1 304,925 - 304,926 Modification of Warrants - - 2,036,200 - 2,036,200 Warrant Exercise 1,450,000 15 4,799,985 - 4,800,000 Issuance of Shares to Satisfy Loans 20,008 - 91,435 - 91,435 Issuance of Shares for Revenue Share Agreement 614,250 6 (6 ) - - Preferred Dividends - - - (238,992 ) (238,992 ) Restatement Items (25,373,607 ) (25,373,607 ) a, b, c, d, e Balance - March 31, 2024 41,839,361 $ 418 $ 98,455,107 $ (142,108,977 ) $ (43,653,452 ) Balance - December 31, 2022 27,691,918 $ 276 $ 17,726,592 $ (21,018,992 ) $ (3,292,124 ) Net Loss - - - (2,780,534 ) (2,780,534 ) Non-Cash Stock Compensation Expense 166,665 2 429,994 - 429,996 Non-Cash Option Compensation Expense - - 167,573 - 167,573 Issuance of Shares for Operating Expenses 433,881 4 884,812 - 884,816 Conversion of loans 900,000 9 2,699,991 - 2,700,000 Warrant Exercise 200,000 2 399,998 - 400,000 Loss on Debt Extinguishment - - 58,579 - 58,579 Restatement Items - - - - - Balance - March 31, 2023 29,392,464 $ 293 $ 22,367,539 $ (23,799,526 ) $ (1,431,694 ) See accompanying notes to condensed consolidated financial statements. The following tables present the effect of the Restatement Items on the Company’s condensed consolidated statement of cash flows for the period indicated: Condensed Cash Flow Statement As of March 31, 2024 As Previously Restatement As Restatement Reported Adjustments Restated References Cash Flows from Operating Activities Net (Loss) $ (16,785,875 ) $ (25,373,607 ) $ (42,159,482 ) a, b, c, d, e Adjustments to reconcile net (loss) income to net cash provided by operating activities: Writeoff of bad debts 7,843,456 7,843,456 b Writeoff of channel retained funds security deposit 1,500,000 1,500,000 a Writeoff of security deposits 750,000 - 750,000 Writeoff of vendor overpayment 50,000 - 50,000 Non-cash stock compensation expense 55,500 - 55,500 Non-cash stock director expense 577,576 - 577,576 Non-cash stock option expense 152,339 - 152,339 Depreciation expense 13,676 - 13,676 Shares issued for operating expenses 304,926 - 304,926 Modification of Warrants 2,036,200 - 2,036,200 Non-cash lease expense 10,146,639 - 10,146,639 Gain on lease exit (209,811 ) - (209,811 ) Non-cash foregiveness of Development Incentive Advances (75,210 ) - (75,210 ) Gain on sale of Treasury Bills - - - Non-cash Financing Charges Associated with Short Term Business Financing 286,576 - 286,576 Loss on Debt Extinguishment - - - Changes in operating assets and liabilities: (Increase) Decrease in: Accounts Receivable, Net (156,180 ) - (156,180 ) Receivables from On-Line Travel Agencies, Net 186,485 2,524,983 2,711,468 b Receivables from City of New York and Landlords, Net (1,432,665 ) 3,201,640 1,768,975 c Prepaid expense and other assets (4,415,639 ) 342,212 (4,073,427 ) d Prepaid Guarantee Trust - Related Party 351,000 - 351,000 Security deposits (1,050,000 ) - (1,050,000 ) (Decrease) Increase in: - Accounts payable and accrued expenses 5,636,539 1,911,068 7,547,607 b, c Operating lease liabilities (8,050,548 ) - (8,050,548 ) Rents received in advance 2,172,187 8,050,248 10,222,435 e Accrued Income Taxes - - - Net cash provided by operating activities (9,456,285 ) - (9,456,285 ) Cash Flows from Investing Activities Purchase of Furniture and Equipment - - - Proceeds from the sale of Treasury Bills - - - Net cash provided by investing activities - - - Cash Flows from Financing Activities Deferred offering costs - net Proceeds from (Repayments of) short term business financing - net 2,331,721 - 2,331,721 Warrant Exercises 4,800,000 - 4,800,000 Proceeds from Development Incentive Advances 3,000,500 - 3,000,500 Proceds from (Repayments of) loans payable - net 67 - 67 Repayments of loans payable - net (194,955 ) - (194,955 ) Preferred shareholder dividends paid (238,992 ) - (238,992 ) Net cash used in financing activities 9,698,341 - 9,698,341 Net Increase in Cash and Cash Equivalents and Restricted Cash 242,056 - 242,056 Cash and Cash Equivalents and Restricted Cash - beginning of the period 752,848 - 752,848 Cash and Cash Equivalents and Restricted Cash - end of the period 994,904 - 994,904 Cash and Cash Equivalents 994,904 - 994,904 Restricted Cash - - - Total Cash and Cash Equivalents and Restricted Cash $ 994,904 $ - $ 994,904 Supplemental Disclosures of Cash Flow Information Taxes $ - $ - $ - Interest $ 1,598,784 $ - $ 1,598,784 Noncash operating activities: Acquisition of New Operating Lease Right-of-Use Assets $ - $ - $ - Noncash financing activities: Financed Initial Direct Costs for leases paid with common stock $ 91,435 $ - $ 91,435 Conversion of debt to common stock and additional paid-in capital $ - $ - $ - See accompanying notes to condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, AS RESTATED	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, AS RESTATED	3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, AS RESTATED 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 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, 2024, and December 31, 2023, was $ 14,626,651 4,404,216 c. Use of Estimates d Going Concern 78,523,377 42,159,482 56,939,827 e. Cash and Cash Equivalents 994,904 752,848 f. Accounts Receivable, Channel Retained Funds, and Processor Retained Funds 2,947,780 529,000 g. Fair Value of Financial Instruments h. Commissions 6,192,305 3,073,533 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 three months ended March 31, 2024, the Company did no 122,161 j. Sales Tax 363,952 3,266,302 k. Paycheck Protection Program Loan (“PPP”) l. Earnings Per Share (“EPS”) m. Preferred Stock

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases
LEASES	4 - LEASES Under ASC 842, the Company applies 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 components of the right-of-use assets and lease liabilities as of March 31, 2024 and December 31, 2023 were as follows: At March 31, 2024 and December 31, 2023, 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 $ 229,016,100 $ 241,613,588 Operating lease liabilities, current portion $ 1,944,026 $ 1,982,281 Operating lease liabilities, net of current portion $ 231,815,657 $ 242,488,610 At March 31, 2024, 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 Schedule of future minimum lease payments under the non-cancelable operating leases Twelve Months Ending March 31, 2025 $ 30,835,724 2026 31,709,210 2027 32,589,176 2028 33,826,455 2029 34,890,889 Thereafter 409,189,267 Total lease payment $ 573,040,721 Less interest (339,281,038 ) Present value obligation 233,759,683 Short-term liability 1,944,026 Long-term liability $ 231,815,657 The following summarizes other supplemental information about the Company’s operating lease: Schedule of other supplemental information related to operating lease March 31, March 31, Weighted average discount rate 12.15 % 10.0 % Weighted average remaining lease term (years) 13.4 13.0 Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Operating lease cost $ 10,146,639 $ 6,456,680 Short-term lease cost $ 291,035 $ 616,856 Total lease cost $ 10,437,674 $ 7,073,536

ACCOUNTS RECEIVABLES, PROCESSOR

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS, AS RESTATED	3 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS, AS RESTATED	5 - ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS, AS RESTATED As of March 31, 2024 we had $ 0 0 0 1,480,000 351,651 1,500,000 2,633,926 393,412 6,936,254 529,000 4,585,370 329,987 486,708

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES, AS RESTATED	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES, AS RESTATED	6 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES, AS RESTATED Accounts payable and accrued expenses totaled $ 30,779,912 23,182,305 As of March 31, 2024, the balance consisted of approximately $ 1,203,000 3,329,000 9,783,000 4,912,000 3,258,000 850,000 289,000 627,000 246,000 960,000 582,000 317,000 563,000 123,000 216,000 3,738,000 690,000 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 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 million and $8.5 million.

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE – SBA – PPP LOAN	3 Months Ended
	Mar. 31, 2024
Loans Payable Sba Ppp Loan
LOANS PAYABLE – SBA – PPP LOAN	7 - 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 Accrued interest at March 31, 2024 and December 31, 2023, was $ 6,318 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, 2025 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LOAN

LOANS PAYABLE – SBA – EIDL LOAN	3 Months Ended
	Mar. 31, 2024
Loans Payable Sba Eidl Loan
LOANS PAYABLE – SBA – EIDL LOAN	8 - LOANS PAYABLE – SBA – EIDL LOAN During 2020, the Company received three 3 30 3.75% 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, 2024 and December 31, 2023, was $ 783,319 786,950 Accrued interest at March 31, 2024 and December 31, 2023 was $ 8,966 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 Schedule of future minimum principal repayments of the SBA,EIDL loans payable For the Twelve Months Ending March 31, 2025 $ 18,699 2026 15,536 2027 16,129 2028 16,744 2029 17,383 Thereafter 698,828 Total $ 783,319

SHORT-TERM BUSINESS FINANCING

SHORT-TERM BUSINESS FINANCING	3 Months Ended
	Mar. 31, 2024
Short-term Business Financing
SHORT-TERM BUSINESS FINANCING	9 - 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 this financing have been recognized in interest expense in the accompanying consolidated statement of operations. As of March 31, 2024 and December 31, 2023, the outstanding balance on these merchant cash advances net of unamortized costs was $ 3,733,417 1,115,120

LOANS PAYABLE

LOANS PAYABLE	3 Months Ended
	Mar. 31, 2024
Disclosure Loans Payable Abstract
LOANS PAYABLE	10 - LOANS PAYABLE Loans payable consist of the following as of: Schedule of loans payable March 31, December 31, 2023 Original payable of $ 151,096 252,954 1,500 404,050 356,012 338,512 Original payable of $ 553,175 72,237 25,000 625,412 400,000 400,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Original amounts due of $ 195,000 10,000 25,000 20,000 20,000 Other borrowing 342,246 356,048 Less: Current maturities 1,370,751 1,360,609 $ 613,125 $ 619,569 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 $ 1,370,751 2025 613,125 Loans payable $ 1,983,876

LINE OF CREDIT

LINE OF CREDIT	3 Months Ended
	Mar. 31, 2024
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 prime, 8.25% as of March 31, 2024, plus 3.49%. 69,975

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	12 - RELATED PARTY TRANSACTIONS On December 20, 2022, the Company, and our former 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 March 31, 2023, 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 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. This was recorded as a contribution by founder in the accompanying consolidated statement of changes in equity. In December of 2023 and during the three months ended March 31, 2024, we paid $ 1,350,000 351,000 1,023,750 672,750 351,000

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2024
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	13 - 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	3 Months Ended
	Mar. 31, 2024
Major Sales Channels
MAJOR SALES CHANNELS	14 - 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 85%

STOCK OPTIONS, RESTRICTED STOCK

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS	15 - STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS Options During the three months ended March 31, 2024, the Company did not grant any options to purchase shares of common stock under the Company’s 2022 performance equity plan. The following table summarizes stock option activity for the three months ended March 31, 2024: Schedule of Black-Scholes option pricing model was used with the following weighted assumptions for options granted Number of Weighted Average Weighted Aggregate Outstanding at December 31, 2023 1,746,885 $ 2.86 9.0 $ 5,427,118 Granted - - Exercised - - Expired - - Forfeited (29,250 ) 2.09 Outstanding at March 31, 2024 1,717,635 $ 2.88 8.7 $ - Exercisable at March 31, 2024 485,045 $ 2.69 8.6 $ - 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 $ 152,339 167,573 1,137,358 .92 A summary of the status of the Company’s nonvested options as of March 31, 2024, is presented below: Schedule of status of non-vested options Number of Weighted Average Nonvested options at December 31, 2023 1,257,590 $ 2.93 Granted - - Forfeited - - Vested (25,000 ) $ 1.74 Nonvested options at March 31, 2024 1,232,590 $ 2.95 Restricted Stock Units In March 2024, the Company granted 100,000 220,000 As of March 31, 2024, there was $ 166,500 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 . 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 On February 16, 2024, LuxUrban Hotels Inc. (“ Company Greenle Alpha Greenle Beta Greenle Warrants November Warrants The following table summarizes warrant activity for the three months ended March 31, 2024: Schedule of stock option activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Granted - - Exercised (1,450,000 ) 3.31 Expired - - Forfeited - - Outstanding at March 31, 2024 3,992,000 $ 2.92 4.4 $ - Exercisable at March 31, 2024 3,992,000 $ 2.92 4.4 $ - During the three months ended March 31, 2024, 1,450,000 shares were issued from the exercise of warrants.

Revenue Share Exchange

Revenue Share Exchange	3 Months Ended
	Mar. 31, 2024
Revenue Share Exchange
Revenue Share Exchange	16 - 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 On February 12, 2024, the Company issued 36,179 578,071

WYNDHAM AGREEMENTS

WYNDHAM AGREEMENTS	3 Months Ended
	Mar. 31, 2024
Wyndham Agreements
WYNDHAM AGREEMENTS	17 - WYNDHAM AGREEMENTS In May 2024, in light of discussions between our Company and Wyndham on the initial and projected future performance of our properties within the franchise relationships, we commenced the return of all property listings to our control, terminating our franchise relationship with Wyndham. The Company is currently in the process of de-platforming these properties from Wyndham’s systems and moving each hotel listing back under the Company’s control. The Company expects that this process will be completed by the end of May 2024 with minimal operational disruption, although unforeseen risks could cause delays. As part of the Company’s previously announced imitative to add industry depth and breadth to its board of directors and management to help evolve operations, the Company’s enhanced board and executive teams have reviewed all existing operational relationships. Given the Company’s operating model, it was concluded that over the long term the Company would be better served operationally and financially by operating the hotels as an independent operator. As of March 31, 2024, we recorded the Development Incentive Advances as a current liability on our Condensed Consolidated Balance Sheets and recorded an additional charge of $ 2.6 Prior to the termination discussed above, on August 2, 2023, the Company entered into franchise agreements with Wyndham Hotels & Resorts, Inc. pursuant to which the hotels operated by the Company were to become part of the Trademark Collection ® The Franchise Agreements had initial terms of 15 20 Pursuant to the Franchise Agreements, Wyndham was to provide capital through development advance notes (“Development Incentive Advances”) to the Company. Consistent with market practice, such Development Incentive Advances were to be evidenced by certain promissory notes with customary amortization and repayment terms. The Development Incentive Advances were not repayable if the terms of the agreement were met, including but not limited to the length of the agreement. In conjunction with the Company’s entry into the Franchise Agreements, the Company also paid a one-time, initial, nonrefundable franchise fee to Wyndham.

REDEEMABLE PREFERRED STOCK

REDEEMABLE PREFERRED STOCK	3 Months Ended
	Mar. 31, 2024
Redeemable Preferred Stock
REDEEMABLE PREFERRED STOCK	18 - 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 March 31, 2024 Balance Sheet and expects to do so until October 26, 2024. During the three months ended March 31, 2024, the Company paid $ 238,992

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	3 Months Ended
	Mar. 31, 2024
Equity Transactions
EQUITY TRANSACTIONS	19 - 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 March 31, 2024 Schedule of equity transactions Description General Ledger Account Date Shares Price Value Non-employee loan payment Loan payable 1/25/2024 20,008 $ 4.57 $ 91,437 Non-employee commission expense Commission Expense 1/25/2024 10,079 $ 4.57 $ 46,061 Non-employee investor relations expense Investor Relations Expense 1/30/2024 59,784 $ 4.33 $ 258,865 Non-employee director compensation Non-Cash Issuance of Common Stock for Director Compensation Expenses 2/8/2024 197,800 $ 2.92 $ 577,576 Employee Compensation Non-Cash Issuance of Common Stock for Compensation Expenses 3/15/2024 25,000 $ 2.22 $ 55,500 Subtotal 312,671 $ 1,029,439 For the three months ended March 31, 2023 Description General Ledger 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

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	20 - SUBSEQUENT EVENTS Management Transitions The Company has been engaged in a dedicated effort to enhance its management and operations teams through the recruitment of talented directors and officers who possess meaningful and broad experience in the hotel and online travel services industries, as well as business development expertise. As part of these efforts, effective April 22, 2024, the Company implemented the following: ● Elan Blutinger, a hotel and travel technology veteran and a member of the Company’s board of directors, was named its Nonexecutive Chairman of the Board; ● Shanoop Kothari, the Company’s Co-Chief Executive Officer and acting Chief Financial Officer, was named its sole Chief Executive Officer; ● Brian Ferdinand, the Company’s founder, stepped down as Chairman of the Board and Co-Chief Executive Officer and became a consultant to the Company, in which role he will oversee the management and expansion of the Company’s hotel properties portfolio and assist Mr. Kothari in his transition to sole Chief Executive Officer; and stepped down as Chief Executive Officer and Chief Financial Officer in June 2024. ● Andrew Schwartz, a respected financial industry veteran and credit, debt and equity financing expert, was elected as a member of the Company’s board of directors. Mr. Schwartz stepped down in June 2024. ● Robert Arigo, a respected hotelier was appointed as Chief Executive Officer of the Company in June 2024. ● Michael James, a respected financial industry veteran was appointed as Chief Financial Officer in June 2024. Capital Raises On May 23, 2024, the Company sold 35,075,000 8,768,750 7,026,437 On June 27, 2024, the Company sold 8,000,000 8,000,000 2,000,000 1,834.000 On July 18, 2024, the Company sold 4,500,000 765,000 703,800 On July 31, 2024, the Company sold 11,573,333 1,736,000 1,530,800 In August 2024, the Company has raised through the sale of convertible debt $ 3,012,000 2,815,000 As part of the foregoing transitions, the Company entered into a Nonexecutive Chairman of the Board Agreement with Mr. Blutinger for a term of three years and will pay him an annual fee of $ 100,000 250,000 As part of the foregoing transitions, the Company entered into a Consulting Agreement with Mr. Ferdinand for a term of three years and will pay him a monthly consulting fee of $ 50,000 Amended and Restated Claw Back Policy In November 2023, the Company adopted a claw back policy that provides for the recovery, or “claw back”, of erroneously awarded incentive-based executive compensation, as required by Rule 10D-1 under the Securities Exchange Act of 1934 (“Rule 10D-1”) and the Nasdaq listing requirements. In April 2024, the Company adopted a restated and amended version of that policy to add immaterial but clarifying provisions. Sale Restriction Waiver In April 2024, the Company secured from Greenle Partners LLC Series Alpha P.S. (“Greenle Alpha”) and Greenle Partners LLC Series Beta P.S. (“Greenle Beta” and, together with Greenle Alpha, “Greenle”) a waiver on the restrictions contained in its financing agreements with the Company that prohibits the Company’s sales of shares of common stock prior to November 2024 at per-share prices below $5.00 (as may be adjusted for stock splits and similar transactions, the “Trigger Price”). The restriction on sales of common stock by the Company below the Trigger Price terminates in November 2024. This waiver permitted the Company to sell up to an aggregate of 15 million shares prior to November 2024 at prices below the Trigger Price. In consideration of this waiver, Greenle is entitled to be issued up to an aggregate of 2.8 million shares of our common stock (“Initial Greenle Waiver Shares”) from time to time upon written notice to our company. This waiver was amended in May 2024 to increase number of shares permitted to be sold by the Company at prices under the Trigger Price prior to November 2024 to the greater of (i) 30 million shares and (ii) $30 million (based on the gross sale prices of such shares). In consideration of this waiver modification, Greenle is entitled to demand from time to time that the Company issue an amount of additional shares (the “Additional Greenle Waiver Shares” and collectively with the Initial Greenle Shares and the Greenle Revenue Participation Shares, the “Greenle Shares”) equal to 0.22 shares of common stock for each share of common stock sold by the Company through November 6, 2024 in excess of 15 million shares at prices below the Trigger Price. Termination of Partnership Agreement In May 2024, in light of discussions between our Company and Wyndham on the initial and projected future performance of our properties within the franchise relationships, we commenced the return of all property listings to our control, terminating our franchise relationship with Wyndham. The Company is currently in the process of de-platforming these properties from Wyndham’s systems and moving each hotel listing back under the Company’s control. The Company expects that this process will be completed by the end of May 2024 with minimal operational disruption, although unforeseen risks could cause delays. As part of the Company’s previously announced imitative to add industry depth and breadth to its board of directors and management to help evolve operations, the Company’s enhanced board and executive teams have reviewed all existing operational relationships. Given the Company’s operating model, it was concluded that over the long term the Company would be better served operationally and financially by operating the hotels as an independent operator. At this time, we have recorded the Development Incentive Advances as a current liability from long-term on our Condensed Consolidated Balance Sheets as well as included an additional $ 2.6

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, AS RESTATED (Policies)	3 Months Ended
	Mar. 31, 2024
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 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, 2024, and December 31, 2023, was $ 14,626,651 4,404,216
Use of Estimates	c. Use of Estimates
Going Concern	d Going Concern 78,523,377 42,159,482 56,939,827
Cash and Cash Equivalents	e. Cash and Cash Equivalents 994,904 752,848
Accounts Receivable, Channel Retained Funds, and Processor Retained Funds	f. Accounts Receivable, Channel Retained Funds, and Processor Retained Funds 2,947,780 529,000
Fair Value of Financial Instruments	g. Fair Value of Financial Instruments
Commissions	h. Commissions 6,192,305 3,073,533
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 three months ended March 31, 2024, the Company did no 122,161
Sales Tax	j. Sales Tax 363,952 3,266,302
Paycheck Protection Program Loan (“PPP”)	k. Paycheck Protection Program Loan (“PPP”)
Earnings Per Share (“EPS”)	l. Earnings Per Share (“EPS”)
Preferred Stock	m. Preferred Stock

RESTATEMENT OF PREVIOUSLY ISS_2

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
Restatement Of Previously Issued Financial Statements
Condensed balance sheet	Condensed balance sheet As of March 31, 2024 As Previously Restatement Restatement ASSETS Current Assets Cash and Cash Equivalents $ 994,904 $ - $ 994,904 Accounts Receivable, Net 486,067 - 486,067 Channel Retained Funds, Net 1,500,000 (1,500,000 ) - a Processor Retained Funds, Net 2,633,926 (2,633,926 ) - b Receivables from On-Line Travel Agencies, Net 6,749,769 (6,749,769 ) - b (984,744 ) b Receivables from City of New York and Landlords, Net 6,018,035 (3,201,640 ) 1,831,651 c Prepaid Expenses and Other Current Assets 1,361,114 (342,212 ) 1,018,902 d Prepaid Guarantee Trust - Related Party 672,750 - 672,750 Total Current Assets 20,416,565 (15,412,291 ) 5,004,274 Other Assets Furniture, Equipment and Leasehold Improvements, Net 677,559 - 677,559 Security Deposits - Noncurrent 20,607,413 - 20,607,413 Prepaid Expenses and Other Noncurrent Assets 5,974,276 - 5,974,276 Operating Lease Right-Of-Use Assets, Net 229,016,100 - 229,016,100 Total Other Assets 256,275,348 - 256,275,348 Total Assets $ 276,691,913 $ (15,412,291 ) $ 261,279,622 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities $ 3,738,225 b Accounts Payable and Accrued Expenses $ 28,868,844 (1,827,157 ) $ 30,779,912 c Bookings Received in Advance 6,576,403 8,050,248 14,626,651 e Short Term Business Financing, Net 3,733,417 - 3,733,417 Loans Payable - Current 1,666,108 - 1,666,108 Initial Direct Costs Leases - Current 300,000 - 300,000 Operating Lease Liabilies - Current 1,944,026 - 1,944,026 Development Incentive Advances - Current 8,893,987 - 8,893,987 Total Current Liabilities 51,982,785 9,961,316 61,944,101 Long-Term Liabilities Loans Payable 1,447,720 - 1,447,720 Development Incentive Advances - Noncurrent - - - Initial Direct Costs Leases - Noncurrent 3,950,000 - 3,950,000 Operating Lease Liabilities - Noncurrent 231,815,657 - 231,815,657 Total Long-Term Liabilities 237,213,377 - 237,213,377 Total Liabilities 289,196,162 9,961,316 299,157,478 Mezzanine equity 13% Redeemable Preferred Stock; Liquidation Perference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024 5,775,596 - 5,775,596 Commitments and Contingencies Stockholders’ Deficit Common Stock (90,000,000 shares authorized, issued, outstanding - 41,839,361) 418 - 418 Additional Paid In Capital 98,455,107 - 98,455,107 Accumulated Deficit (116,735,370 ) (25,373,607 ) (142,108,977 ) a, b, c, d, e Total Stockholders’ Deficit (18,279,845 ) (25,373,607 ) (43,653,452 ) Total Liabilities and Stockholders’ Deficit $ 276,691,913 $ (15,412,291 ) $ 261,279,622
Condensed income statement	Condensed income statement As of March 31, 2024 As Previously Restatement Restatement Net Rental Revenue $ 29,101,207 $ (15,143,846 ) $ 13,957,361 b, c, e Rent Expense 8,344,007 - 8,344,007 Non-Cash Rent Expense Amortization 2,093,667 - 2,093,667 Surrender of Deposits 750,000 - 750,000 Other Expenses 22,508,411 1,842,212 24,350,623 a, d Total Cost of Revenue 33,696,085 1,842,212 35,538,297 Gross (Loss) Profit (4,594,878 ) (16,986,058 ) (21,580,936 ) General and Administrative Expenses 3,755,756 8,387,549 12,143,305 b Non-Cash Issuance of Common Stock for Operating Expenses 304,925 - 304,925 Non-Cash Stock Compensation Expense 724,514 - 724,514 Non-Cash Stock Option Expense 152,339 - 152,339 Partnership Considerations 2,679,469 - 2,679,469 Total Operating Expenses 7,617,003 8,387,549 16,004,552 (Loss) Income from Operations (12,211,881 ) (25,373,607 ) (37,585,488 ) Other Income (Expense) Other Income 210,076 - 210,076 Cash Interest and Financing Costs (2,459,800 ) - (2,459,800 ) Non-Cash Financing Costs (2,324,270 ) - (2,324,270 ) Total Other Expense (4,573,994 ) - (4,573,994 ) Loss Before Provision for Income Taxes (16,785,875 ) (25,373,607 ) (42,159,482 ) Provision for Income Taxes - - - Net Loss (16,785,875 ) (25,373,607 ) (42,159,482 ) Preferred Stock Dividend (238,992 ) - (238,992 ) Net Loss Attributable to Common Stockholders $ (17,024,867 ) $ (25,373,607 ) $ (42,398,474 ) Basic Loss Per Common Share $ (0.35 ) $ (0.52 ) $ (0.87 ) Diluted Loss Per Common Share $ (0.35 ) $ (0.52 ) $ (0.87 ) Basic and Diluted Weighted Average Number of Common Shares Outstanding 49,223,606 49,223,606 49,223,606
Stockholders' equity	Stockholders' equity Common Stock Additional Accumulated Stockholders’ Restatement Shares Value Capital Deficit (Deficit) References Balance - December 31, 2023 39,462,440 $ 394 $ 90,437,155 $ (99,710,503 ) $ (9,272,954 ) Net Loss - - - (16,785,875 ) (16,785,875 ) Non-Cash Stock Compensation Expense 222,800 2 633,074 - 633,076 Non-Cash Option Compensation Expense - - 152,339 - 152,339 Issuance of Shares for Operating Expenses 69,863 1 304,925 - 304,926 Modification of Warrants - - 2,036,200 - 2,036,200 Warrant Exercise 1,450,000 15 4,799,985 - 4,800,000 Issuance of Shares to Satisfy Loans 20,008 - 91,435 - 91,435 Issuance of Shares for Revenue Share Agreement 614,250 6 (6 ) - - Preferred Dividends - - - (238,992 ) (238,992 ) Restatement Items (25,373,607 ) (25,373,607 ) a, b, c, d, e Balance - March 31, 2024 41,839,361 $ 418 $ 98,455,107 $ (142,108,977 ) $ (43,653,452 ) Balance - December 31, 2022 27,691,918 $ 276 $ 17,726,592 $ (21,018,992 ) $ (3,292,124 ) Net Loss - - - (2,780,534 ) (2,780,534 ) Non-Cash Stock Compensation Expense 166,665 2 429,994 - 429,996 Non-Cash Option Compensation Expense - - 167,573 - 167,573 Issuance of Shares for Operating Expenses 433,881 4 884,812 - 884,816 Conversion of loans 900,000 9 2,699,991 - 2,700,000 Warrant Exercise 200,000 2 399,998 - 400,000 Loss on Debt Extinguishment - - 58,579 - 58,579 Restatement Items - - - - - Balance - March 31, 2023 29,392,464 $ 293 $ 22,367,539 $ (23,799,526 ) $ (1,431,694 )
Condensed Cash Flow Statement	Condensed Cash Flow Statement As of March 31, 2024 As Previously Restatement As Restatement Reported Adjustments Restated References Cash Flows from Operating Activities Net (Loss) $ (16,785,875 ) $ (25,373,607 ) $ (42,159,482 ) a, b, c, d, e Adjustments to reconcile net (loss) income to net cash provided by operating activities: Writeoff of bad debts 7,843,456 7,843,456 b Writeoff of channel retained funds security deposit 1,500,000 1,500,000 a Writeoff of security deposits 750,000 - 750,000 Writeoff of vendor overpayment 50,000 - 50,000 Non-cash stock compensation expense 55,500 - 55,500 Non-cash stock director expense 577,576 - 577,576 Non-cash stock option expense 152,339 - 152,339 Depreciation expense 13,676 - 13,676 Shares issued for operating expenses 304,926 - 304,926 Modification of Warrants 2,036,200 - 2,036,200 Non-cash lease expense 10,146,639 - 10,146,639 Gain on lease exit (209,811 ) - (209,811 ) Non-cash foregiveness of Development Incentive Advances (75,210 ) - (75,210 ) Gain on sale of Treasury Bills - - - Non-cash Financing Charges Associated with Short Term Business Financing 286,576 - 286,576 Loss on Debt Extinguishment - - - Changes in operating assets and liabilities: (Increase) Decrease in: Accounts Receivable, Net (156,180 ) - (156,180 ) Receivables from On-Line Travel Agencies, Net 186,485 2,524,983 2,711,468 b Receivables from City of New York and Landlords, Net (1,432,665 ) 3,201,640 1,768,975 c Prepaid expense and other assets (4,415,639 ) 342,212 (4,073,427 ) d Prepaid Guarantee Trust - Related Party 351,000 - 351,000 Security deposits (1,050,000 ) - (1,050,000 ) (Decrease) Increase in: - Accounts payable and accrued expenses 5,636,539 1,911,068 7,547,607 b, c Operating lease liabilities (8,050,548 ) - (8,050,548 ) Rents received in advance 2,172,187 8,050,248 10,222,435 e Accrued Income Taxes - - - Net cash provided by operating activities (9,456,285 ) - (9,456,285 ) Cash Flows from Investing Activities Purchase of Furniture and Equipment - - - Proceeds from the sale of Treasury Bills - - - Net cash provided by investing activities - - - Cash Flows from Financing Activities Deferred offering costs - net Proceeds from (Repayments of) short term business financing - net 2,331,721 - 2,331,721 Warrant Exercises 4,800,000 - 4,800,000 Proceeds from Development Incentive Advances 3,000,500 - 3,000,500 Proceds from (Repayments of) loans payable - net 67 - 67 Repayments of loans payable - net (194,955 ) - (194,955 ) Preferred shareholder dividends paid (238,992 ) - (238,992 ) Net cash used in financing activities 9,698,341 - 9,698,341 Net Increase in Cash and Cash Equivalents and Restricted Cash 242,056 - 242,056 Cash and Cash Equivalents and Restricted Cash - beginning of the period 752,848 - 752,848 Cash and Cash Equivalents and Restricted Cash - end of the period 994,904 - 994,904 Cash and Cash Equivalents 994,904 - 994,904 Restricted Cash - - - Total Cash and Cash Equivalents and Restricted Cash $ 994,904 $ - $ 994,904 Supplemental Disclosures of Cash Flow Information Taxes $ - $ - $ - Interest $ 1,598,784 $ - $ 1,598,784 Noncash operating activities: Acquisition of New Operating Lease Right-of-Use Assets $ - $ - $ - Noncash financing activities: Financed Initial Direct Costs for leases paid with common stock $ 91,435 $ - $ 91,435 Conversion of debt to common stock and additional paid-in capital $ - $ - $ -

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
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 $ 229,016,100 $ 241,613,588 Operating lease liabilities, current portion $ 1,944,026 $ 1,982,281 Operating lease liabilities, net of current portion $ 231,815,657 $ 242,488,610
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, 2025 $ 30,835,724 2026 31,709,210 2027 32,589,176 2028 33,826,455 2029 34,890,889 Thereafter 409,189,267 Total lease payment $ 573,040,721 Less interest (339,281,038 ) Present value obligation 233,759,683 Short-term liability 1,944,026 Long-term liability $ 231,815,657
Schedule of other supplemental information related to operating lease	Schedule of other supplemental information related to operating lease March 31, March 31, Weighted average discount rate 12.15 % 10.0 % Weighted average remaining lease term (years) 13.4 13.0 Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Operating lease cost $ 10,146,639 $ 6,456,680 Short-term lease cost $ 291,035 $ 616,856 Total lease cost $ 10,437,674 $ 7,073,536

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE – SBA – PPP LOAN (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2025 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LO_2

LOANS PAYABLE – SBA – EIDL LOAN (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2025 $ 18,699 2026 15,536 2027 16,129 2028 16,744 2029 17,383 Thereafter 698,828 Total $ 783,319

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2024
Disclosure Loans Payable Abstract
Schedule of loans payable	Schedule of loans payable March 31, December 31, 2023 Original payable of $ 151,096 252,954 1,500 404,050 356,012 338,512 Original payable of $ 553,175 72,237 25,000 625,412 400,000 400,000 Original payable of $ 492,180 620,804 25,000 1,112,984 865,618 865,618 Original amounts due of $ 195,000 10,000 25,000 20,000 20,000 Other borrowing 342,246 356,048 Less: Current maturities 1,370,751 1,360,609 $ 613,125 $ 619,569
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 $ 1,370,751 2025 613,125 Loans payable $ 1,983,876

STOCK OPTIONS, RESTRICTED STO_2

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2024
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 Number of Weighted Average Weighted Aggregate Outstanding at December 31, 2023 1,746,885 $ 2.86 9.0 $ 5,427,118 Granted - - Exercised - - Expired - - Forfeited (29,250 ) 2.09 Outstanding at March 31, 2024 1,717,635 $ 2.88 8.7 $ - Exercisable at March 31, 2024 485,045 $ 2.69 8.6 $ -
Schedule of status of non-vested options	Schedule of status of non-vested options Number of Weighted Average Nonvested options at December 31, 2023 1,257,590 $ 2.93 Granted - - Forfeited - - Vested (25,000 ) $ 1.74 Nonvested options at March 31, 2024 1,232,590 $ 2.95
Schedule of stock option activity	Schedule of stock option activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Granted - - Exercised (1,450,000 ) 3.31 Expired - - Forfeited - - Outstanding at March 31, 2024 3,992,000 $ 2.92 4.4 $ - Exercisable at March 31, 2024 3,992,000 $ 2.92 4.4 $ -

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2024
Equity Transactions
Schedule of equity transactions	Schedule of equity transactions Description General Ledger Account Date Shares Price Value Non-employee loan payment Loan payable 1/25/2024 20,008 $ 4.57 $ 91,437 Non-employee commission expense Commission Expense 1/25/2024 10,079 $ 4.57 $ 46,061 Non-employee investor relations expense Investor Relations Expense 1/30/2024 59,784 $ 4.33 $ 258,865 Non-employee director compensation Non-Cash Issuance of Common Stock for Director Compensation Expenses 2/8/2024 197,800 $ 2.92 $ 577,576 Employee Compensation Non-Cash Issuance of Common Stock for Compensation Expenses 3/15/2024 25,000 $ 2.22 $ 55,500 Subtotal 312,671 $ 1,029,439 For the three months ended March 31, 2023 Description General Ledger 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

RESTATEMENT OF PREVIOUSLY ISS_3

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash and Cash Equivalents	$ 994,904	$ 752,848
Accounts Receivable, Net	486,067	329,887
Channel Retained Funds, Net		1,500,000
Processor Retained Funds, Net		2,633,926
Receivables from On-Line Travel Agencies, Net
Receivables from City of New York and Landlords, Net	1,831,651	4,585,370
Prepaid Expenses and Other Current Assets	1,018,902
Prepaid Guarantee Trust - Related Party	672,750	1,023,750
Total Current Assets	5,004,274
Other Assets
Furniture, Equipment and Leasehold Improvements, Net	677,559	691,235
Security Deposits - Noncurrent	20,607,413	20,307,413
Prepaid Expenses and Other Noncurrent Assets	5,974,276	960,729
Operating Lease Right-Of-Use Assets, Net	229,016,100	241,613,588
Total Other Assets	256,275,348	263,572,965
Total Assets	261,279,622
Current Liabilities
Accounts Payable and Accrued Expenses	30,779,912
Bookings Received in Advance	14,626,651	4,404,216
Short Term Business Financing, Net	3,733,417	1,115,120
Loans Payable - Current	1,666,108	1,654,589
Initial Direct Costs Leases - Current	300,000	486,390
Operating Lease Liabilies - Current	1,944,026	1,982,281
Development Incentive Advances - Current	8,893,987	300,840
Total Current Liabilities	61,944,101	33,125,741
Long-Term Liabilities
Loans Payable	1,447,720	1,459,172
Development Incentive Advances - Noncurrent		5,667,857
Initial Direct Costs Leases - Noncurrent	3,950,000	4,050,000
Operating Lease Liabilities - Noncurrent	231,815,657	242,488,610
Total Long-Term Liabilities	237,213,377	253,665,639
Total Liabilities	299,157,478	286,791,380
Mezzanine equity
13% Redeemable Preferred Stock; Liquidation Perference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024	5,775,596	5,775,596
Stockholders’ Deficit
Common Stock (90,000,000 shares authorized, issued, outstanding - 41,839,361)	418	394
Additional Paid In Capital	98,455,107	90,437,155
Accumulated Deficit	(142,108,977)	(99,710,503)
Total Stockholders’ Deficit	(43,653,452)	$ (9,272,954)	$ (1,431,694)	$ (3,292,124)
Total Liabilities and Stockholders’ Deficit	261,279,622
Previously Reported [Member]
Current Assets
Cash and Cash Equivalents	994,904
Accounts Receivable, Net	486,067
Channel Retained Funds, Net	1,500,000
Processor Retained Funds, Net	2,633,926
Receivables from On-Line Travel Agencies, Net	6,749,769
Receivables from City of New York and Landlords, Net	6,018,035
Prepaid Expenses and Other Current Assets	1,361,114
Prepaid Guarantee Trust - Related Party	672,750
Total Current Assets	20,416,565
Other Assets
Furniture, Equipment and Leasehold Improvements, Net	677,559
Security Deposits - Noncurrent	20,607,413
Prepaid Expenses and Other Noncurrent Assets	5,974,276
Operating Lease Right-Of-Use Assets, Net	229,016,100
Total Other Assets	256,275,348
Total Assets	276,691,913
Current Liabilities
Accounts Payable and Accrued Expenses	28,868,844
Bookings Received in Advance	6,576,403
Short Term Business Financing, Net	3,733,417
Loans Payable - Current	1,666,108
Initial Direct Costs Leases - Current	300,000
Operating Lease Liabilies - Current	1,944,026
Development Incentive Advances - Current	8,893,987
Total Current Liabilities	51,982,785
Long-Term Liabilities
Loans Payable	1,447,720
Development Incentive Advances - Noncurrent
Initial Direct Costs Leases - Noncurrent	3,950,000
Operating Lease Liabilities - Noncurrent	231,815,657
Total Long-Term Liabilities	237,213,377
Total Liabilities	289,196,162
Mezzanine equity
13% Redeemable Preferred Stock; Liquidation Perference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024	5,775,596
Stockholders’ Deficit
Common Stock (90,000,000 shares authorized, issued, outstanding - 41,839,361)	418
Additional Paid In Capital	98,455,107
Accumulated Deficit	(116,735,370)
Total Stockholders’ Deficit	(18,279,845)
Total Liabilities and Stockholders’ Deficit	276,691,913
Revision of Prior Period, Adjustment [Member]
Current Assets
Cash and Cash Equivalents
Accounts Receivable, Net
Channel Retained Funds, Net	(1,500,000)
Processor Retained Funds, Net	(2,633,926)
Receivables from On-Line Travel Agencies, Net	(6,749,769)
Receivables from City of New York and Landlords, Net	(3,201,640)
Prepaid Expenses and Other Current Assets	(342,212)
Prepaid Guarantee Trust - Related Party
Total Current Assets	(15,412,291)
Other Assets
Furniture, Equipment and Leasehold Improvements, Net
Security Deposits - Noncurrent
Prepaid Expenses and Other Noncurrent Assets
Operating Lease Right-Of-Use Assets, Net
Total Other Assets
Total Assets	(15,412,291)
Current Liabilities
Accounts Payable and Accrued Expenses	(1,827,157)
Bookings Received in Advance	8,050,248
Short Term Business Financing, Net
Loans Payable - Current
Initial Direct Costs Leases - Current
Operating Lease Liabilies - Current
Development Incentive Advances - Current
Total Current Liabilities	9,961,316
Long-Term Liabilities
Loans Payable
Development Incentive Advances - Noncurrent
Initial Direct Costs Leases - Noncurrent
Operating Lease Liabilities - Noncurrent
Total Long-Term Liabilities
Total Liabilities	9,961,316
Mezzanine equity
13% Redeemable Preferred Stock; Liquidation Perference $25 per Share; 10,000,000 Shares Authorized; 294,144 shares issued and outstanding as of March 31, 2024
Stockholders’ Deficit
Common Stock (90,000,000 shares authorized, issued, outstanding - 41,839,361)
Additional Paid In Capital
Accumulated Deficit	(25,373,607)
Total Stockholders’ Deficit	(25,373,607)
Total Liabilities and Stockholders’ Deficit	$ (15,412,291)

RESTATEMENT OF PREVIOUSLY ISS_4

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Rental Revenue	$ 13,957,361	$ 22,814,175
Rent Expense	8,344,007	5,421,867
Non-Cash Rent Expense Amortization	2,093,667	1,651,669
Surrender of Deposits	750,000
Other Expenses	24,350,623	10,378,765
Total Cost of Revenue	35,538,297	17,452,301
Gross (Loss) Profit	(21,580,936)	5,361,874
General and Administrative Expenses	12,143,305	2,742,586
Non-Cash Issuance of Common Stock for Operating Expenses	304,925	884,816
Non-Cash Stock Compensation Expense	724,514	429,996
Non-Cash Stock Option Expense	152,339	167,573
Partnership Considerations	2,679,469
Total Operating Expenses	16,004,552	4,224,971
(Loss) Income from Operations	(37,585,488)	1,136,903
Other Income (Expense)
Other Income	210,076	39,878
Cash Interest and Financing Costs	(2,459,800)	(2,130,605)
Non-Cash Financing Costs	(2,324,270)	(1,704,549)
Total Other Expense	(4,573,994)	(3,795,276)
Loss Before Provision for Income Taxes	(42,159,482)	(2,658,373)
Provision for Income Taxes	0	122,161
Net Loss	(42,159,482)	(2,780,534)
Preferred Stock Dividend	(238,992)
Net Loss Attributable to Common Stockholders	$ (42,398,474)	$ (2,780,534)
Basic Loss Per Common Share	$ (0.87)	$ (0.10)
Diluted Loss Per Common Share	$ (0.87)	$ (0.10)
Basic Weighted Average Number of Common Shares Outstanding	49,223,606	28,659,358
Diluted Weighted Average Number of Common Shares Outstanding	49,223,606	28,659,358
Previously Reported [Member]
Net Rental Revenue	$ 29,101,207
Rent Expense	8,344,007
Non-Cash Rent Expense Amortization	2,093,667
Surrender of Deposits	750,000
Other Expenses	22,508,411
Total Cost of Revenue	33,696,085
Gross (Loss) Profit	(4,594,878)
General and Administrative Expenses	3,755,756
Non-Cash Issuance of Common Stock for Operating Expenses	304,925
Non-Cash Stock Compensation Expense	724,514
Non-Cash Stock Option Expense	152,339
Partnership Considerations	2,679,469
Total Operating Expenses	7,617,003
(Loss) Income from Operations	(12,211,881)
Other Income (Expense)
Other Income	210,076
Cash Interest and Financing Costs	(2,459,800)
Non-Cash Financing Costs	(2,324,270)
Total Other Expense	(4,573,994)
Loss Before Provision for Income Taxes	(16,785,875)
Provision for Income Taxes	0
Net Loss	(16,785,875)
Preferred Stock Dividend	(238,992)
Net Loss Attributable to Common Stockholders	$ (17,024,867)
Basic Loss Per Common Share	$ (0.35)
Diluted Loss Per Common Share	$ (0.35)
Basic Weighted Average Number of Common Shares Outstanding	49,223,606
Diluted Weighted Average Number of Common Shares Outstanding	49,223,606
Revision of Prior Period, Adjustment [Member]
Net Rental Revenue	$ (15,143,846)
Rent Expense
Non-Cash Rent Expense Amortization
Surrender of Deposits
Other Expenses	1,842,212
Total Cost of Revenue	1,842,212
Gross (Loss) Profit	(16,986,058)
General and Administrative Expenses	8,387,549
Non-Cash Issuance of Common Stock for Operating Expenses
Non-Cash Stock Compensation Expense
Non-Cash Stock Option Expense
Partnership Considerations
Total Operating Expenses	8,387,549
(Loss) Income from Operations	(25,373,607)
Other Income (Expense)
Other Income
Cash Interest and Financing Costs
Non-Cash Financing Costs
Total Other Expense
Loss Before Provision for Income Taxes	(25,373,607)
Provision for Income Taxes	0
Net Loss	(25,373,607)
Preferred Stock Dividend
Net Loss Attributable to Common Stockholders	$ (25,373,607)
Basic Loss Per Common Share	$ (0.52)
Diluted Loss Per Common Share	$ (0.52)
Basic Weighted Average Number of Common Shares Outstanding	49,223,606

RESTATEMENT OF PREVIOUSLY ISS_5

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Balance - December 31, 2022	$ (9,272,954)	$ (3,292,124)
Net Loss	(16,785,875)	(2,780,534)
Non-Cash Stock Compensation Expense	633,076	429,996
Non-Cash Option Compensation Expense		167,573
Non-Cash Option Compensation Expense	152,339
Issuance of Shares for Operating Expenses	304,926	884,816
Conversion of loans		2,700,000
Modification of Warrants	2,036,200
Warrant Exercise	4,800,000	400,000
Loss on Debt Extinguishment		58,579
Issuance of Shares to Satisfy Loans	91,435
Agreement
Preferred Dividends	(238,992)
Restatement Items	(25,373,607)
Balance - March 31, 2023	(43,653,452)	(1,431,694)
Common Stock [Member]
Balance - December 31, 2022	$ 394	$ 276
Beginning balance, shares	39,462,440	27,691,918
Net Loss
Non-Cash Stock Compensation Expense	$ 2	$ 2
Non-Cash Stock Compensation Expense, shares	222,800	166,665
Non-Cash Option Compensation Expense
Non-Cash Option Compensation Expense
Issuance of Shares for Operating Expenses	$ 1	$ 4
Issuance of Shares for Operating Expenses, shares	69,863	433,881
Conversion of loans		$ 9
Conversion of Loans, shares		900,000
Modification of Warrants
Warrant Exercise	$ 15	$ 2
Warrant Exercise, shares	1,450,000	200,000
Loss on Debt Extinguishment
Issuance of Shares to Satisfy Loans
Issuance of Shares to Satisfy Loans, shares	20,008
Agreement	$ (6)
Issuance of Shares for Revenue Share Agreements, shares	614,250
Preferred Dividends
Restatement Items
Balance - March 31, 2023	$ 418	$ 293
Ending balance, shares	41,839,361	29,392,464
Additional Paid-in Capital [Member]
Balance - December 31, 2022	$ 90,437,155	$ 17,726,592
Net Loss
Non-Cash Stock Compensation Expense	633,074	429,994
Non-Cash Option Compensation Expense		167,573
Non-Cash Option Compensation Expense	152,339
Issuance of Shares for Operating Expenses	304,925	884,812
Conversion of loans		2,699,991
Modification of Warrants	2,036,200
Warrant Exercise	4,799,985	399,998
Loss on Debt Extinguishment		58,579
Issuance of Shares to Satisfy Loans	91,435
Agreement	6
Preferred Dividends
Restatement Items
Balance - March 31, 2023	98,455,107	22,367,539
Retained Earnings [Member]
Balance - December 31, 2022	(99,710,503)	(21,018,992)
Net Loss	(16,785,875)	(2,780,534)
Non-Cash Stock Compensation Expense
Non-Cash Option Compensation Expense
Non-Cash Option Compensation Expense
Issuance of Shares for Operating Expenses
Conversion of loans
Modification of Warrants
Warrant Exercise
Loss on Debt Extinguishment
Issuance of Shares to Satisfy Loans
Agreement
Preferred Dividends	(238,992)
Restatement Items	(25,373,607)
Balance - March 31, 2023	$ (142,108,977)	$ (23,799,526)

RESTATEMENT OF PREVIOUSLY ISS_6

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net (Loss)	$ (42,159,482)	$ (2,780,534)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Writeoff of bad debts	7,843,456
Writeoff of channel retained funds security deposit	1,500,000
Writeoff of security deposits	750,000
Writeoff of vendor overpayment	50,000
Non-cash stock compensation expense	55,500	429,996
Non-cash stock director expense	577,576
Non-cash stock option expense	152,339	167,573
Depreciation expense	13,676	11,031
Shares issued for operating expenses	304,926
Modification of Warrants	2,036,200
Non-cash lease expense	10,146,639	6,456,386
Gain on lease exit	(209,811)
Non-cash foregiveness of Development Incentive Advances	(75,210)
Gain on sale of Treasury Bills		(31,014)
Non-cash Financing Charges Associated with Short Term Business Financing	286,576	78,402
Loss on Debt Extinguishment		58,579
(Increase) Decrease in:
Accounts Receivable, Net	(156,180)
Receivables from On-Line Travel Agencies, Net	2,711,468
Receivables from City of New York and Landlords, Net	1,768,975
Prepaid expense and other assets	(4,073,427)	261,157
Prepaid Guarantee Trust - Related Party	351,000
Security deposits	(1,050,000)	(3,907,720)
(Decrease) Increase in:
Accounts payable and accrued expenses	7,547,607	1,024,948
Operating lease liabilities	(8,050,548)	(4,804,716)
Rents received in advance	10,222,435	2,630,239
Accrued Income Taxes		122,161
Net cash provided by operating activities	(9,456,285)
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
Proceeds from (Repayments of) short term business financing - net	2,331,721	(1,255,512)
Warrant Exercises	4,800,000	400,000
Proceeds from Development Incentive Advances	3,000,500
Proceds from (Repayments of) loans payable - net	67	(165,896)
Repayments of loans payable - net	(194,955)
Preferred shareholder dividends paid	(238,992)
Net cash used in financing activities	9,698,341	(1,021,408)
Net Increase in Cash and Cash Equivalents and Restricted Cash	242,056
Cash and Cash Equivalents and Restricted Cash - beginning of the period	752,848
Cash and Cash Equivalents and Restricted Cash - end of the period	994,904
Cash and Cash Equivalents	994,904	2,880,909
Restricted Cash		1,100,000
Total Cash and Cash Equivalents and Restricted Cash	994,904	3,980,909
Supplemental Disclosures of Cash Flow Information
Taxes
Interest	1,598,784	2,130,605
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets		88,267,775
Noncash financing activities:
Financed Initial Direct Costs for leases paid with common stock	91,435
Conversion of debt to common stock and additional paid-in capital		$ 2,700,000
Previously Reported [Member]
Cash Flows from Operating Activities
Net (Loss)	(16,785,875)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Writeoff of security deposits	750,000
Writeoff of vendor overpayment	50,000
Non-cash stock compensation expense	55,500
Non-cash stock director expense	577,576
Non-cash stock option expense	152,339
Depreciation expense	13,676
Shares issued for operating expenses	304,926
Modification of Warrants	2,036,200
Non-cash lease expense	10,146,639
Gain on lease exit	(209,811)
Non-cash foregiveness of Development Incentive Advances	(75,210)
Gain on sale of Treasury Bills
Non-cash Financing Charges Associated with Short Term Business Financing	286,576
Loss on Debt Extinguishment
(Increase) Decrease in:
Accounts Receivable, Net	(156,180)
Receivables from On-Line Travel Agencies, Net	186,485
Receivables from City of New York and Landlords, Net	(1,432,665)
Prepaid expense and other assets	(4,415,639)
Prepaid Guarantee Trust - Related Party	351,000
Security deposits	(1,050,000)
(Decrease) Increase in:
Accounts payable and accrued expenses	5,636,539
Operating lease liabilities	(8,050,548)
Rents received in advance	2,172,187
Accrued Income Taxes
Net cash provided by operating activities	(9,456,285)
Cash Flows from Investing Activities
Purchase of Furniture and Equipment
Proceeds from the sale of Treasury Bills
Net cash provided by investing activities
Cash Flows from Financing Activities
Proceeds from (Repayments of) short term business financing - net	2,331,721
Warrant Exercises	4,800,000
Proceeds from Development Incentive Advances	3,000,500
Proceds from (Repayments of) loans payable - net	67
Repayments of loans payable - net	(194,955)
Preferred shareholder dividends paid	(238,992)
Net cash used in financing activities	9,698,341
Net Increase in Cash and Cash Equivalents and Restricted Cash	242,056
Cash and Cash Equivalents and Restricted Cash - beginning of the period	752,848
Cash and Cash Equivalents and Restricted Cash - end of the period	994,904
Cash and Cash Equivalents	994,904
Restricted Cash
Total Cash and Cash Equivalents and Restricted Cash	994,904
Supplemental Disclosures of Cash Flow Information
Taxes
Interest	1,598,784
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets
Noncash financing activities:
Financed Initial Direct Costs for leases paid with common stock	91,435
Conversion of debt to common stock and additional paid-in capital
Revision of Prior Period, Adjustment [Member]
Cash Flows from Operating Activities
Net (Loss)	(25,373,607)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Writeoff of bad debts	7,843,456
Writeoff of channel retained funds security deposit	1,500,000
Writeoff of security deposits
Writeoff of vendor overpayment
Non-cash stock compensation expense
Non-cash stock director expense
Non-cash stock option expense
Depreciation expense
Shares issued for operating expenses
Modification of Warrants
Non-cash lease expense
Gain on lease exit
Non-cash foregiveness of Development Incentive Advances
Gain on sale of Treasury Bills
Non-cash Financing Charges Associated with Short Term Business Financing
Loss on Debt Extinguishment
(Increase) Decrease in:
Accounts Receivable, Net
Receivables from On-Line Travel Agencies, Net	2,524,983
Receivables from City of New York and Landlords, Net	3,201,640
Prepaid expense and other assets	342,212
Prepaid Guarantee Trust - Related Party
Security deposits
(Decrease) Increase in:
Accounts payable and accrued expenses	1,911,068
Operating lease liabilities
Rents received in advance	8,050,248
Accrued Income Taxes
Net cash provided by operating activities
Cash Flows from Investing Activities
Purchase of Furniture and Equipment
Proceeds from the sale of Treasury Bills
Net cash provided by investing activities
Cash Flows from Financing Activities
Proceeds from (Repayments of) short term business financing - net
Warrant Exercises
Proceeds from Development Incentive Advances
Proceds from (Repayments of) loans payable - net
Repayments of loans payable - net
Preferred shareholder dividends paid
Net cash used in financing activities
Net Increase in Cash and Cash Equivalents and Restricted Cash
Cash and Cash Equivalents and Restricted Cash - beginning of the period
Cash and Cash Equivalents and Restricted Cash - end of the period
Cash and Cash Equivalents
Restricted Cash
Total Cash and Cash Equivalents and Restricted Cash
Supplemental Disclosures of Cash Flow Information
Taxes
Interest
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets
Noncash financing activities:
Financed Initial Direct Costs for leases paid with common stock
Conversion of debt to common stock and additional paid-in capital

RESTATEMENT OF PREVIOUSLY ISS_7

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Bad debt expense	$ 7,843,456
Processor Retained Funds, Net			$ 2,633,926
Receivables from On-Line Travel Agencies, Net
Receivables from City of New York and Landlords, Net	1,768,975
Prepaid Expenses and Other Current Assets	(1,018,902)
Bookings Received in Advance	14,626,651		$ 4,404,216
Previously Reported [Member]
Processor Retained Funds, Net	2,633,926
Receivables from On-Line Travel Agencies, Net	6,749,769
Receivables from City of New York	984,744
Increase in Accounts payable and accrued expenses	3,738,224
Decrease in Net Rental Revenue	6,263,207
Increase in General and Administrative Expenses	8,387,549
Receivables from City of New York and Landlords, Net	(1,432,665)
Prepaid Expenses and Other Current Assets	(1,361,114)
Bookings Received in Advance	6,576,403
Revision of Prior Period, Adjustment [Member]
Bad debt expense	7,843,456
Processor Retained Funds, Net	(2,633,926)
Receivables from On-Line Travel Agencies, Net	(6,749,769)
Decrease in Net Rental Revenue	830,390
Receivables from City of New York and Landlords, Net	3,201,640
Decrease in accounts payable	1,827,157
Prepaid Expenses and Other Current Assets	342,212
Bookings Received in Advance	$ 8,050,248

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, AS RESTATED (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Rents received in advance	$ 14,626,651		$ 4,404,216
Net loss	(42,159,482)		78,523,377
Working capital deficit	56,939,827
Cash and cash equivalents	994,904		752,848
Receivables write off			2,947,780
Reserve for credit losses			529,000
Pays commissions to third-party	6,192,305	$ 3,073,533
Tax provision	0	$ 122,161
Accrued sales tax payable	$ 363,952		$ 3,266,302

LEASES (Details)

LEASES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Leases
Operating lease right of use assets, net	$ 229,016,100	$ 241,613,588
Operating lease liabilities, current portion	1,944,026	1,982,281
Operating lease liabilities, net of current portion	$ 231,815,657	$ 242,488,610

LEASES (Details 1)

LEASES (Details 1) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Leases
2025	$ 30,835,724
2026	31,709,210
2027	32,589,176
2028	33,826,455
2029	34,890,889
Thereafter	409,189,267
Total lease payment	573,040,721
Less interest	(339,281,038)
Present value obligation	233,759,683
Short-term liability	(1,944,026)	$ (1,982,281)
Long-term liability	$ 231,815,657	$ 242,488,610

LEASES (Details 2)

LEASES (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases
Weighted average discount rate	12.15%	10%
Weighted average remaining lease term (years)	13 years 4 months 24 days	13 years
Operating lease cost	$ 10,146,639	$ 6,456,680
Short-term lease cost	291,035	616,856
Total lease cost	$ 10,437,674	$ 7,073,536

ACCOUNTS RECEIVABLES, PROCESS_2

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS, AS RESTATED (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Channel retained funds	$ 0	$ 1,500,000
Processor retained funds	0	2,633,926
Other receivables	351,651	329,987
Allowances for credit losses		393,412
Other allowances for credit losses		486,708
OTA [Member]
Defined Benefit Plan Disclosure [Line Items]
Receivables from related party	0	6,936,254
Allowances for credit losses		529,000
City Of New York And Landlords [Member]
Defined Benefit Plan Disclosure [Line Items]
Receivables from related party	$ 1,480,000	$ 4,585,370

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES, AS RESTATED (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 30,779,912	$ 23,182,305
Accrued payroll and related liabilities	1,203,000	2,024,000
Utilities fees	3,329,000	3,265,000
Legal exposure	9,783,000	8,400,000
Sales and other taxes	4,912,000	3,910,000
Rent	3,258,000	1,737,000
Interest expense	850,000
Telephone and cable expense	289,000
Insurance expense	627,000	194,000
Professional fees	246,000	590,000
Repairs, maintenance, and improvements	960,000	719,000
Supplies and sundries	582,000	420,000
Cleaning expense	317,000
Initial franchise fees paid on behalf of the Company by a related party	563,000
Commissions	123,000	632,000
Printing expenses	216,000	263,000
Refunds due customers	3,738,000
Other miscellaneous items	$ 690,000	42,000
Bank and service fees		288,223
Processing fees		52,000
License fees and public relations		94,000
Director fees		231,000
Internet and software expense		$ 71,000

LOANS PAYABLE - SBA - PPP LOAN

LOANS PAYABLE - SBA - PPP LOAN (Details)	Mar. 31, 2024 USD ($)
Loans Payable Sba Ppp Loan
2025	$ 276,658

LOANS PAYABLE _ SBA _ PPP LOA_2

LOANS PAYABLE – SBA – PPP LOAN (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Jan. 30, 2023	Dec. 20, 2022	May 31, 2020	Apr. 30, 2020	Mar. 27, 2020
Short-Term Debt [Line Items]
Original amount of loans payable			$ 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	$ 6,318	$ 5,571

LOANS PAYABLE - SBA - EIDL LOAN

LOANS PAYABLE - SBA - EIDL LOAN (Details)	Mar. 31, 2024 USD ($)
Loans Payable Sba Eidl Loan
2025	$ 18,699
2026	15,536
2027	16,129
2028	16,744
2029	17,383
Thereafter	698,828
Total	$ 783,319

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 Integer

Mar. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Jan. 30, 2023 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

$ 1,250,000

$ 3,000,000

EIDL [Member]

Short-Term Debt [Line Items]

Number of loans | Integer

3

Loan payable term

30 years

Interest rate of loans payable

3.75%

3.75%

3.75%

3.75%

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

$ 783,319

$ 786,950

Accrued interest

$ 27,644

$ 8,966

SHORT-TERM BUSINESS FINANCING (

SHORT-TERM BUSINESS FINANCING (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Short-term Business Financing
Merchant cash advances net of unamortized fees	$ 3,733,417	$ 1,115,120

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Jan. 30, 2023	Dec. 20, 2022
Short-Term Debt [Line Items]
Original amount of loans payable				$ 1,250,000	$ 3,000,000
Loans payable	$ 1,983,876
Other borrowing	342,246		$ 356,048
Less: Current maturities	1,370,751		1,360,609
Loans payable non current	613,125		619,569
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
Monthly payment of loans payable	1,500	$ 1,500
Total payments made	404,050		404,050
Loans payable	356,012		338,512
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
Monthly payment of loans payable	25,000	25,000
Total payments made	625,412		625,412
Loans payable	400,000		400,000
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
Monthly payment of loans payable	25,000	25,000
Total payments made	1,112,984		1,112,984
Loans payable	865,618		865,618
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
Monthly payment of loans payable	25,000	$ 25,000
Loans payable	$ 20,000		$ 20,000

LOANS PAYABLE (Details 1)

LOANS PAYABLE (Details 1)	Mar. 31, 2024 USD ($)
Disclosure Loans Payable Abstract
2024	$ 1,370,751
2025	613,125
Loans payable	$ 1,983,876

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Feb. 28, 2019
Line of Credit Facility [Line Items]
Interest rate description	prime, 8.25% as of March 31, 2024, plus 3.49%.
Line of Credit	$ 69,975	$ 69,975
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		3 Months Ended
	Dec. 31, 2023	Dec. 20, 2022	Mar. 31, 2024	Mar. 31, 2023	Jan. 31, 2023	Jan. 30, 2023
Related Party Transaction [Line Items]
Aggregate principal amount		$ 3,000,000				$ 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
Mr. Ferdinand [Member]
Related Party Transaction [Line Items]
Repayment of debt			$ 1,500,000
Ferdinand [Member]
Related Party Transaction [Line Items]
Payment to related party	1,350,000		351,000
Other Prepaid Expense, Current	$ 1,023,750		672,750
Related party expenses			$ 351,000

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative)	Mar. 31, 2024 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)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Third Party Sales Channels [Member]
Product Information [Line Items]
Total rental revenue, percentage	85%	85%

STOCK OPTIONS, RESTRICTED STO_3

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Equity [Abstract]
Outstanding at the beginning (in shares) | shares	1,746,885
Outstanding at the beginning (in dollars per shares) | $ / shares	$ 2.86
Weighted Average Remaining Contractual Life (years)	9 years
Aggregate intrinsic value, outstanding at the beginning | $	$ 5,427,118
Granted (in shares) | shares
Granted (in dollars per shares) | $ / shares
Exercised (in shares) | shares
Exercised (in dollars per shares) | $ / shares
Expired (in shares) | shares
Expired (in dollars per shares) | $ / shares
Forfeited (in shares) | shares	(29,250)
Forfeited (in dollars per shares) | $ / shares	$ 2.09
Outstanding at the end (in shares) | shares	1,717,635
Outstanding at the end (in dollars per shares) | $ / shares	$ 2.88
Weighted Average Remaining Contractual Life (years)	8 years 8 months 12 days
Aggregate intrinsic value, outstanding at the end | $
Number of share exercisable | shares	485,045
Weighted Average Exercise Price exercisable | $ / shares	$ 2.69
Weighted Average Remaining Contractual Life (years)	8 years 7 months 6 days
Aggregate Intrinsic Value exercisable | $

STOCK OPTIONS, RESTRICTED STO_4

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Details 1)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Equity [Abstract]
Nonvested options at the beginning | shares	1,257,590
Nonvested options at the beginning (in dollars per share) | $ / shares	$ 2.93
Granted | shares
Granted (in dollars per share) | $ / shares
Forfeited | shares
Forfeited (in dollars per share) | $ / shares
Vested | shares	(25,000)
Vested (in dollars per share) | $ / shares	$ 1.74
Nonvested options at the end | shares	1,232,590
Nonvested options at the end (in dollars per share) | $ / shares	$ 2.95

STOCK OPTIONS, RESTRICTED STO_5

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Details 2)	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Equity [Abstract]
Outstanding at the beginning | shares	5,442,000
Outstanding at the beginning (in dollars per share) | $ / shares	$ 4.68
Outstanding at the beginning (in years)	4 years 8 months 12 days
Aggregate Intrinsic Value at the beginning | $	$ 7,038,940
Granted | shares
Granted (in dollars per share) | $ / shares
Exercised | shares	(1,450,000)
Exercised (in dollars per share) | $ / shares	$ 3.31
Expired | shares
Expired (in dollars per share) | $ / shares
Forfeited | shares
Forfeited (in dollars per share) | $ / shares
Outstanding at the end | shares	3,992,000
Outstanding at the end (in dollars per share) | $ / shares	$ 2.92
Outstanding at the end (in years)	4 years 4 months 24 days
Aggregate Intrinsic Value at the end | $
Exercisable | shares	3,992,000
Exercisable (in dollars per share) | $ / shares	$ 2.92
Exercisable (in years)	4 years 4 months 24 days
Aggregate intrinsic value exercisable | $

STOCK OPTIONS, RESTRICTED STO_6

STOCK OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

12 Months Ended

Nov. 06, 2023

Aug. 11, 2023

Mar. 31, 2024

Dec. 27, 2023

Dec. 17, 2023

Apr. 16, 2023

Feb. 15, 2023

Oct. 30, 2022

Sep. 30, 2022

Sep. 16, 2022

Mar. 31, 2024

Mar. 31, 2023

Dec. 31, 2023

Subsidiary, Sale of Stock [Line Items]

Stock option expense

$ 152,339

$ 167,573

Unamortized option expense

$ 1,137,358

$ 1,137,358

Unamortized option expense expected to be recognized over a weighted average period

11 months 1 day

Number of aggregate shares granted

100,000

Fair value of all restricted shares

$ 220,000

Number of warrants issued

Weighted average exercise price

$ 2.92

$ 2.92

$ 4.68

Warrant expense

$ 3,081,400

$ 4,187,800

$ 167,573

Proceeds from warrant exercised

$ 4,800,000

$ 400,000

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

WP

5 years

Underwriter [Member]

Subsidiary, Sale of Stock [Line Items]

Number of warrants issued

135,000

Maxim [Member] | Private Placement [Member]

Subsidiary, Sale of Stock [Line Items]

Number of warrants issued

32,000

Weighted average exercise price

$ 4.40

WP

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

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

Unvested Restricted Shares [Member]

Subsidiary, Sale of Stock [Line Items]

Unrecognized compensation cost

$ 166,500

$ 166,500

Revenue Share Exchange (Details

Revenue Share Exchange (Details Narrative) - USD ($)	1 Months Ended				3 Months Ended
	Jul. 31, 2024	Jul. 18, 2024	Jun. 27, 2024	May 23, 2024	Mar. 31, 2024	Jun. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest Expenses						$ 28,174,148
Shares issued	11,573,333	4,500,000	8,000,000	35,075,000
Greenle Beta [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued					36,179
Greenle Alpha [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued					578,071

WYNDHAM AGREEMENTS (Details Nar

WYNDHAM AGREEMENTS (Details Narrative) - USD ($) $ in Thousands	Aug. 02, 2023	Mar. 31, 2024
Development incentive advances		$ 2,600
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	3 Months Ended
	Dec. 05, 2023	Oct. 26, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Preferred stock stated value			$ 25		$ 25
Number of share sold			312,671	600,546
Series A Preferred Stock [Member]
Number of share issued		280,000
Interest rate		13%
Preferred stock stated value		$ 25
Dividends outstanding			$ 238,992
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
	Mar. 31, 2024	Mar. 31, 2023
Shares	312,671	600,546
Value	$ 1,029,439	$ 1,314,808
Non Employee Loan Payment [Member]
Shares	20,008
Price	$ 4.57
Value	$ 91,437
Non Employee Commission Expense [Member]
Shares	10,079
Price	$ 4.57
Value	$ 46,061
Non Employee Investor Relations Expense [Member]
Shares	59,784
Price	$ 4.33
Value	$ 258,865
Non Employee Director Compensation [Member]
Shares	197,800
Price	$ 2.92
Value	$ 577,576
Employee Compensation [Member]
Shares	25,000
Price	$ 2.22
Value	$ 55,500
Non Employee Board Members Pursuant To Related Comp Policy [Member]
Shares		166,665
Price		$ 2.58
Value		$ 429,996
In Connection With Certain Property Finders Fee Arrangements [Member]
Shares		136,887
Price		$ 2.45
Value		$ 335,373
In Connection With A Consulting Agreement [Member]
Shares		196,994
Price		$ 1.85
Value		$ 364,439
In Connection With A Marketing Agreement [Member]
Shares		100,000
Price		$ 1.85
Value		$ 185,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended
	Aug. 31, 2024	Jul. 31, 2024	Jul. 18, 2024	Jun. 27, 2024	May 23, 2024	Apr. 30, 2024	Apr. 22, 2024	Mar. 31, 2024
Subsequent Events [Abstract]
Number of common share sold during the period		11,573,333	4,500,000	8,000,000	35,075,000
Value of common share sold during the period		$ 1,736,000	$ 765,000	$ 2,000,000	$ 8,768,750
Fees	$ 2,815,000	$ 1,530,800	$ 703,800	$ 1,834	$ 7,026,437
Number of right sold during the period				8,000,000
Proceeds from convertible debt	$ 3,012,000
Annual fee							$ 100,000
Annual grant							250,000
Monthly consulting fee							$ 50,000
Sale Restriction Waiver description						Company secured from Greenle Partners LLC Series Alpha P.S. (“Greenle Alpha”) and Greenle Partners LLC Series Beta P.S. (“Greenle Beta” and, together with Greenle Alpha, “Greenle”) a waiver on the restrictions contained in its financing agreements with the Company that prohibits the Company’s sales of shares of common stock prior to November 2024 at per-share prices below $5.00 (as may be adjusted for stock splits and similar transactions, the “Trigger Price”). The restriction on sales of common stock by the Company below the Trigger Price terminates in November 2024. This waiver permitted the Company to sell up to an aggregate of 15 million shares prior to November 2024 at prices below the Trigger Price. In consideration of this waiver, Greenle is entitled to be issued up to an aggregate of 2.8 million shares of our common stock (“Initial Greenle Waiver Shares”) from time to time upon written notice to our company. This waiver was amended in May 2024 to increase number of shares permitted to be sold by the Company at prices under the Trigger Price prior to November 2024 to the greater of (i) 30 million shares and (ii) $30 million (based on the gross sale prices of such shares). In consideration of this waiver modification, Greenle is entitled to demand from time to time that the Company issue an amount of additional shares (the “Additional Greenle Waiver Shares” and collectively with the Initial Greenle Shares and the Greenle Revenue Participation Shares, the “Greenle Shares”) equal to 0.22 shares of common stock for each share of common stock sold by the Company through November 6, 2024 in excess of 15 million shares at prices below the Trigger Price.
Development incentive advances								$ 2,600,000