LuxUrban Hotels (LUXH) 10-Q 25 Sep 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Sep. 25, 2024
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
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		136,854,165
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 ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and Cash Equivalents	$ 61	$ 752,848
Accounts Receivable, Net		329,887
Channel Retained Funds, Net		1,500,000
Processor Retained Funds, Net	826,000	2,633,926
Receivables from On-Line Travel Agencies, Net		6,936,254
Receivables from City of New York and Landlords, Net	1,480,000	4,585,370
Prepaid Expenses and Other Current Assets	668,533	1,959,022
Prepaid Guarantee Trust - Related Party	341,250	1,023,750
Total Current Assets	3,315,844	19,721,057
Other Assets
Furniture, Equipment and Leasehold Improvements, Net	665,161	691,235
Security Deposits	17,714,123	20,307,413
Prepaid Expenses and Other Noncurrent Assets	419,631	960,729
Operating Lease Right-Of-Use Assets, Net	202,372,371	241,613,588
Total Other Assets	221,171,286	263,572,965
Total Assets	224,487,130	283,294,022
Current Liabilities
Accounts Payable and Accrued Expenses	46,869,829	23,182,305
Bookings Received in Advance	11,264,558	4,404,216
Short Term Business Financing, Net	2,805,189	1,115,120
Loans Payable - Current	2,513,852	1,654,589
Initial Direct Costs Leases - Current	300,000	486,390
Operating Lease Liabilities - Current	2,152,452	1,982,281
Development Incentive Advances - Current		300,840
Total Current Liabilities	65,905,880	33,125,741
Long-Term Liabilities
Loans Payable	3,185,750	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	205,799,977	242,488,610
Total Long-Term Liabilities	212,935,727	253,665,639
Total Liabilities	278,841,607	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 June 30, 2024 and December 31, 2023, respectively	5,775,596	5,775,596
Stockholders’ Deficit
Common Stock (shares authorized, issued, outstanding - 73,434,504, and 39,462,440, respectively)	734	394
Additional Paid In Capital	113,627,547	90,437,155
Accumulated Deficit	(168,933,017)	(99,710,503)
Stockholders’ Equity before Treasury Stock	(55,304,736)	(9,272,954)
Treasury stock, at cost	(4,825,337)
Total Stockholders’ Deficit	(60,130,073)	(9,272,954)
Total Liabilities and Stockholders’ Deficit	$ 224,487,130	$ 283,294,022

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 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	73,434,504	39,462,440
Common stock, shares issued	73,434,504	39,462,440
Common stock, shares outstanding	73,434,504	39,462,440

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net Rental Revenue	$ 18,186,223	$ 31,861,098	$ 32,143,584	$ 54,675,273
Rent Expense	7,218,175	4,844,114	15,562,182	10,265,981
Non-Cash Rent Expense Amortization	1,670,885	2,583,272	3,764,552	4,234,941
Surrender of Deposits	2,701,628		3,451,628
Other Expenses	28,828,024	14,254,698	53,178,647	24,633,463
Total Cost of Revenue	40,418,712	21,682,084	75,957,009	39,134,385
Gross (Loss) Profit	(22,232,489)	10,179,014	(43,813,425)	15,540,888
General and Administrative Expenses	2,486,593	4,417,237	14,629,898	7,159,823
Termination of Franchise Agreement	636,043		3,315,512
Non-Cash Issuance of Common Stock for Operating Expenses	74,011	784,314	378,936	1,669,130
Non-Cash Stock Compensation Expense	823,725		1,548,239	429,996
Non-Cash Stock Option Expense	146,743	204,814	299,082	372,387
Total Operating Expenses	4,167,115	5,406,365	20,171,667	9,631,336
(Loss) Income from Operations	(26,399,604)	4,772,649	(63,985,092)	5,909,552
Other Income (Expense)
Other Income	876,904	58,370	1,086,980	98,248
Cash Interest and Financing Costs	(615,756)	(1,189,901)	(3,075,556)	(3,320,506)
Non-Cash Financing Costs	(446,593)	(28,522,740)	(2,770,863)	(30,227,289)
Total Other Expense	(185,445)	(29,654,271)	(4,759,439)	(33,449,547)
Loss Before Provision for Income Taxes	(26,585,049)	(24,881,622)	(68,744,531)	(27,539,995)
Provision for Income Taxes	0	1,893,039	0	2,015,200
Net Loss	(26,585,049)	(26,774,661)	(68,744,531)	(29,555,195)
Preferred Stock Dividend	(238,991)		(477,983)
Net Loss Attributable to Common Stockholders	$ (26,824,040)	$ (26,774,661)	$ (69,222,514)	$ (29,555,195)
Basic Loss Per Common Share	$ (0.41)	$ (0.78)	$ (1.20)	$ (0.94)
Diluted Loss Per Common Share	$ (0.41)	$ (0.78)	$ (1.20)	$ (0.94)
Basic Weighted Average Number of Common Shares Outstanding	65,888,241	34,291,045	57,555,923	31,490,759
Diluted Weighted Average Number of Common Shares Outstanding	65,888,241	34,291,045	57,555,923	31,490,759

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDTIED) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stocks [Member]	Total
Balance - March 31, 2023 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
Warrant Exercise	$ 2	399,998			400,000
Warrant Exercise, shares	200,000
Conversion of Loans	$ 9	2,699,991			2,700,000
Conversion of Loans, shares	900,000
Loss on Debt Extinguishment		58,579			58,579
Balance - June 30, 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
Net Loss			(26,774,661)		(26,774,661)
Non-Cash Stock Option Expense		204,814			204,814
Issuance of Shares for Operating Expenses	$ 2	784,311			784,313
Issuance of Shares for Operating Expenses, shares	276,525
Modification of Warrants		259,075			259,075
Issuance of Shares to Satisfy Loans	$ 1	157,999			158,000
Issuance of Shares to Satisfy Loans, shares	58,088
Issuance of Shares for Revenue Share Agreements	$ (6)	(1,704,543)			(1,704,549)
Issuance of Shares for Revenue Share Agreements, shares	614,252
Conversion of Loans	$ 23	4,989,607			4,989,630
Conversion of Loans, shares	2,278,975
Warrant Expense	$ 24	4,912,478			4,912,502
Warrant Expense, shares	2,356,251
Issuance of Shares for Deferred Compensation	$ 2	467,214			467,216
Issuance of Shares for Deferred Compensatios, shares	160,036
Termination of Revenue Share Agreement Adjustment		28,174,148			28,174,148
Balance - June 30, 2023 at Jun. 30, 2023	$ 351	64,021,728	(50,574,187)		13,447,892
Ending balance, shares at Jun. 30, 2023	35,136,591
Balance - March 31, 2023 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 Stock Option 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 - June 30, 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
Net Loss			(26,585,049)		(26,585,049)
Non-Cash Stock Compensation Expense	$ 10	823,718			823,728
Non-Cash Stock Compensation Expense, Shares	980,628
Non-Cash Stock Option Expense		146,743			146,743
Issuance of Shares for Operating Expenses		26,085			26,085
Issuance of Shares for Operating Expenses, shares	36,887
Public Offering, Net of Issuance Fees	$ 351	7,026,087			7,026,438
Public Offering, Net of Issuance Fees, Shares	35,075,000
Private Offering, Net of Issuance Fees	$ 80	1,833,920			1,834,000
Private Offering, Net of Issuance Fees, Shares	8,000,000
Modification of Warrants		442,500			442,500
Purchase of Treasury Stock	$ (193)	4,825,530		(4,825,337)
Purchase of Treasury Stock, Shares	(19,304,872)
Issuance of Shares to Satisfy Loans	$ 1	47,924			47,925
Issuance of Shares to Satisfy Loans, shares	67,500
Issuance of Shares for Revenue Share Agreements	$ (67)	67
Issuance of Shares for Revenue Share Agreements, shares	6,740,000
Preferred Dividends			(238,991)		(238,991)
Balance - June 30, 2023 at Jun. 30, 2024	$ 734	$ 113,627,547	$ (168,933,017)	$ (4,825,337)	$ (60,130,073)
Ending balance, shares at Jun. 30, 2024	73,434,504

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net Loss	$ (68,744,531)	$ (29,555,195)
Adjustments to reconcile net loss to net cash used in operating activities:
Writeoff of bad debts	6,217,506
Writeoff of channel retained funds security deposit	1,500,000
Writeoff of security deposits	3,643,290
Writeoff of prepaids and other noncurrent assets	5,211,098
Writeoff of amounts due from City of New York and Landlords	1,374,483
Gain on lease exit	(1,046,640)
Non-cash forgiveness of Development Incentive Advances	(75,210)
Non-cash stock compensation expense	1,548,239	897,212
Non-cash stock option expense	299,082	372,387
Depreciation expense	26,074	31,847
Shares issued for operating expenses	378,936	1,669,130
Modification of Warrants	2,478,700	259,074
Non-cash lease expense	18,852,567	13,752,266
Non-cash Financing Charges Associated with Short Term Business Financing	289,087	146,682
Gain on sale of Treasury Bills		(31,014)
Issuance of Shares for Revenue Share Agreement		1,704,549
Termination of Revenue Share Agreement		28,174,148
Loss on Debt Extinguishment		58,579
(Increase) Decrease in:
Accounts Receivable, Net	325,260
Processor retained funds	(826,000)	(177,312)
Channel retained funds and receivables from OTA’s		(5,863,561)
Receivables from On-Line Travel Agencies, Net	2,711,468
Receivables from City of New York and Landlords, Net	549,563
Prepaid expense and other assets	(3,379,511)	(883,133)
Prepaid Guarantee Trust - Related Party	682,500
Security deposits	(1,050,000)	(8,132,745)
(Decrease) Increase in:
Accounts payable and accrued expenses	16,620,694	329,254
Operating lease liabilities	(15,083,172)	(9,494,760)
Rents received in advance	6,860,342	526,468
Accrued Income Taxes		2,015,200
Net cash used in operating activities	(20,636,175)	(4,200,924)
Cash Flows from Investing Activities
Purchase of Furniture and Equipment		(398,771)
Proceeds from the sale of Treasury Bills		2,692,396
Net cash provided by investing activities		2,293,625
Cash Flows from Financing Activities
Proceeds from (Repayments of) short term business financing - net	1,400,982	(442,861)
Proceeds from public and private sales of common stock, Net of Issuance Fees	8,860,438
Warrant Exercises	4,800,000	5,312,502
Proceeds from Development Incentive Advances	3,000,500
Proceeds from (Repayments of) loans payable - net	2,585,841	(261,066)
Repayments of Lease initial direct costs	(286,390)
Preferred shareholder dividends paid	(477,983)
Net cash provided by financing activities	19,883,388	4,608,575
Net Increase in Cash and Cash Equivalents and Restricted Cash	(752,787)	2,701,276
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	61	4,877,678
Cash and Cash Equivalents	61	3,777,678
Restricted Cash		1,100,000
Total Cash and Cash Equivalents and Restricted Cash	61	4,877,678
Supplemental Disclosures of Cash Flow Information
Cash paid for Income Taxes
Cash paid for Interest	2,205,840	1,292,268
Noncash operating activities:
Acquisition of New Operating Lease Right-of-Use Assets		99,044,656
Net settlement of receivables and payables to City of New York	1,827,157
Noncash financing activities:
Conversion of debt to common stock and additional paid-in capital		7,847,630
Issuance of Warrants to purchase Treasury Stock	4,825,337
Common stock issued for revenue share agreements	73
Developer Incentive Advances reclassified to accrued expenses	$ 8,893,987

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (26,585,049)	$ (26,774,661)	$ (68,744,531)	$ (29,555,195)	$ (78,523,377)

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DESCRIPTION OF BUSINESS AND PRI

DESCRIPTION OF BUSINESS AND PRINCIPLES OF CONSOLIDATION	6 Months Ended
	Jun. 30, 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) (“LuxUrban” or the “Company”) 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 and New Orleans 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, the Company 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 and as of the date of this Report the Company operates no residential units. 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 the Company 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 ® All significant intercompany accounts and transactions have been eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation b. Revenue Recognition Payment received for the future use of a rental unit is recognized as a liability and reported as 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 June 30, 2024, and December 31, 2023, was $ 11,264,558 4,404,216 c. Use of Estimates d. Going Concern 68,744,531 78,523,377 62,590,036 20,636,175 4,200,924 e. Cash and Cash Equivalents 61 752,848 f. Accounts Receivable, Channel Retained Funds, Processor Retained Funds, Receivables from City of New York, Landlords and On-Line Travel Agencies During the six months ended June 30, 2024, the Company wrote off $1,500,000 of channel retained funds, $2,600,000 of processor retained funds, and $984,000 due to the Company from the Housing Authority of New York City (“HAONYC”). 0 529,000 g. Fair Value of Financial Instruments h. Commissions 5,774,385 11,966,690 1,482,609 4,556,142 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 and six months ended June 30, 2024, the Company did no 1,893,039 2,015,200 j. Sales Tax 3,061,212 3,266,302 k. Paycheck Protection Program Loan (“PPP”) Debt Interest l. Earnings Per Share (“EPS”) m. Preferred Stock Distinguishing Liabilities from Equity. n. New Accounting Pronouncements

LEASES

LEASES	6 Months Ended
	Jun. 30, 2024
Leases
LEASES	3 - 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 June 30, 2024 and December 31, 2023 were as follows: At June 30, 2024 and December 31, 2023, supplemental balance sheet information related to leases were as follows: Schedule of supplemental balance sheet information related to leases June 30, December 31, Operating lease right of use assets, net $ 202,372,371 $ 241,613,588 Operating lease liabilities, current portion $ 2,152,452 $ 1,982,281 Operating lease liabilities, net of current portion $ 205,799,977 $ 242,488,610 At June 30, 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 June 30, 2025 $ 27,622,469 2026 28,380,824 2027 29,193,828 2028 30,362,131 2029 31,198,616 Thereafter (through 2048) 326,747,718 Total lease payment $ 473,505,586 Less interest (265,553,157 ) Present value obligation 207,952,429 Short-term liability 2,152,452 Long-term liability $ 205,799,977 The following summarizes other supplemental information about the Company’s operating lease: Schedule of other supplemental information related to operating lease June 30, December 31, Weighted average discount rate 12.03 % 10.5 % Weighted average remaining lease term (years) 12.6 16.6 Three Months Ended June 30, Six Months Ended 2024 2023 2024 2023 Operating lease cost $ 8,705,928 $ 7,295,880 $ 15,562,182 $ 13,752,266 Short-term lease cost $ 183,132 $ 131,506 $ 3,764,552 $ 748,656 Total lease cost $ 8,889,060 $ 7,427,386 $ 19,326,734 $ 14,500,922

ACCOUNTS RECEIVABLES, PROCESSOR

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS	4 - ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS As of June 30, 2024, we had $ 0 0 826,000 1,480,000 0 1,500,000 2,633,926 393,412 6,936,254 529,000 4,585,370 329,987 486,708

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses totaled $ 46,869,829 23,182,305 As of June 30, 2024, the balance consisted of approximately $ 1,948,000 3,489,000 18,652,000 7,660,000 2,707,000 1,955,000 856,000 297,000 725,000 570,000 945,000 307,000 317,000 563,000 757,000 215,000 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 exposure amounts accrued and noted above, 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 $18.6 million.

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE – SBA – PPP LOAN	6 Months Ended
	Jun. 30, 2024
Loans Payable Sba Ppp Loan
LOANS PAYABLE – SBA – PPP LOAN	6 - LOANS PAYABLE – SBA – PPP LOAN On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted to provide emergency assistance for individuals, families, and organizations affected by the coronavirus pandemic. The PPP, created through the CARES Act, provides qualified organizations with loans of up to $ 10,000,000 In April and May 2020, SoBeNY and CorpHousing obtained funding of $ 516,225 298,958 Accrued interest at June 30, 2024 and December 31, 2023, was $ 7,010 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 June 30, 2025 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LOAN

LOANS PAYABLE – SBA – EIDL LOAN	6 Months Ended
	Jun. 30, 2024
Loans Payable Sba Eidl Loan
LOANS PAYABLE – SBA – EIDL LOAN	7 - LOANS PAYABLE – SBA – EIDL LOAN During 2020, the Company received three SBA Economic Injury Disaster Loans (“EIDL”) in response to the COVID-19 pandemic. These are 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 June 30, 2024 and December 31, 2023, was $ 782,105 786,950 Accrued interest at June 30, 2024 and December 31, 2023 was $ 14,289 27,644 Future minimum principal repayments of the SBA - EIDL loans payable are as follows: Schedule of future minimum principal repayments of the SBA and EIDL loans payable Schedule of future minimum principal repayments of the SBA,EIDL loans payable For the 12 Months Ending June 30, 2025 $ 21,314 2026 15,682 2027 16,281 2028 16,902 2029 17,546 Thereafter 694,380 Total $ 782,105

SHORT-TERM BUSINESS FINANCING

SHORT-TERM BUSINESS FINANCING	6 Months Ended
	Jun. 30, 2024
Short-term Business Financing
SHORT-TERM BUSINESS FINANCING	8 - SHORT-TERM BUSINESS FINANCING The Company has from time to time entered into short-term factoring agreements related to future credit card receipts to fund operations. The Company is required to repay these financings in fixed daily payments until the balances are repaid. Fees associated with this financing have been recognized in interest expense in the accompanying consolidated statement of operations. As of June 30, 2024 and December 31, 2023, the outstanding balance on these merchant cash advances net of unamortized costs was $ 2,805,189 1,115,120

LOANS PAYABLE

LOANS PAYABLE	6 Months Ended
	Jun. 30, 2024
Disclosure Loans Payable Abstract
LOANS PAYABLE	9 - LOANS PAYABLE Loans payable consist of the following as of: Schedule of loans payable June 30, December 31, 2023 Original payable of $ 151,096 252,954 1,500 404,050 $ - $ 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 547,662 356,048 Less: Current maturities 1,511,844 1,360,609 $ 321,436 $ 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 June 30, 2025 $ 1,511,844 2026 321,436 Loans payable $ 1,833,280

LINE OF CREDIT

LINE OF CREDIT	6 Months Ended
	Jun. 30, 2024
Line Of Credit
LINE OF CREDIT	10 - LINE OF CREDIT In February 2019, the Company entered into a line of credit agreement in the amount of $ 95,000 prime, which was 8.25% as of June 30, 2024, plus 3.49%. 69,975

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	11 - 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 (“December 2022 Extension 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 “June 2022 Notes”) and warrants to purchase our common stock (“June 2022 Warrants”) under certain securities purchase agreements and loan agreements between us and Greenle, including the Securities Purchase Agreement dated as of June 30 2022, as amended by the letter agreement dated October 20, 2022, and the Loan Agreement dated as of November 23, 2022. Under the December 2022 Extension 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 In April 2024, we secured from Greenle a waiver on the restrictions contained in its financing agreements with our company that prohibit our sale 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 our common stock by our company below the Trigger Price terminates in November 2024. This waiver permitted us 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 our 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 we 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 our company through November 6, 2024 in excess of 15 million shares at prices below the Trigger Price. To date, we have been required to issue the Greenle an aggregate of 23,628,324 shares of common stock in connection the foregoing rights and obligations as a result of private placements and underwritten public offerings of our common stock. On November 17, 2023, the Company entered into a financing agreement with THA Holdings LLC (“THA”), an entity controlled and operated by Ferdinand, pursuant to which the Company agreed to issue to THA an unsecured, advancing term promissory note (the “November 2023 Note”). Under the November 2023 Note, the Company would have been able to borrow up to an aggregate principal amount of $10,000,000 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 THA. On December 3, 2023, the Company and THA mutually agreed to cancel the November 2023 Note as a result of the Company’s desire to engage in the Wyndham relationship and its related financing resources. The amount of proceeds, less taxes, resulting from sales of common stock prior to the cancelation in the amount of $311,234 was contributed 100% to the Company by THA. This was recorded as a contribution by the founder in the accompanying consolidated statement of changes in equity. During the six months ended June 30, 2024 and year ended December of 2023, we amortized $ 351,000 1,350,000 341,250 1,023,750 341,250 692,250 In April 2024, the Company and Ferdinand entered into a consulting agreement pursuant to which Ferdinand agreed, among other things, to oversee the day-to-day management of our company’s acquisition and long-term lease acquisition activities and to assist our then newly appointed chief executive officer in his assumption of that role. In consideration for the services provided by Ferdinand, we agreed to pay Ferdinand a monthly consulting fee of $50,000. Pursuant to a subsequent modification of the consulting agreement in May 2024, it was agreed that all amounts payable to Ferdinand under such consulting agreement through its term (approximately $1.8 million) would be satisfied through the issuance of 5,692,600 shares of common stock upon the increase in the number of shares of common stock issuable under our 2022 equity incentive plan to 15,000,000 shares. In May 2024, in order to provide for available authorized shares to consummate a public offering of shares of common stock, we entered into an exchange agreement (the “May 2024 Exchange Agreement”) with Ferdinand, pursuant to which he relinquished 7,500,000 shares of common stock that he beneficially owned through THA (the “May 2024 Exchange Agreement Shares”) in exchange for a warrant to acquire 7,500,000 shares of our common stock with an exercise price of $0.01 per share (the “May 2024 Exchange Agreement Warrant”). In June 2024, in order to provide for available authorized shares to consummate a private placement in June 2024, we entered into an exchange agreement (the “June 2024 Exchange Agreement”) with Ferdinand, pursuant to which Ferdinand relinquished an aggregate of 11,804,872 shares of common stock that he beneficially owned individually or through THA (the “June 2024 Exchange Agreement Shares”) in exchange for warrants to acquire an aggregate of 11,804,872 shares of our common stock with an exercise price of $0.01 per share (the “June 2024 Exchange Agreement Warrants” and collectively with the May 2024 Exchange Warrants, the “Exchange Warrants”)). In July 2024, the Company entered into amended and restated promissory notes with THA Family II LLC and other parties affiliated with Ferdinand, which replaced existing promissory notes evidencing amounts loaned to our company to support letters of credit with respect to certain of our hotels. These notes extend the maturity dates by 24 months of up to an aggregate of $3.1 million principal amount currently owed by our company and bear interest at 14% interest, with interest being payable monthly commencing August 1, 2024, and monthly payments evolving into payments of principal and interest in accordance with an amortization schedule commencing seven months from the July 2024 date of the notes. These notes were subsequently converted in the notes sold to investors in our debt and warrant private placement consummated August 2024. In May 2024, the company sold common stock in an underwritten public offering at $ 0.25 400,000 In July 2024, the company sold stock in an underwritten public offering at $ 0.17 294,116 735,294 117,647 147,058 176,470 352,941 In August 2024, subsequent to period end, the Company issued in a private placement (the “August 2024 Note and Warrants Debt Offering”) 18% senior secured convertible notes (“August 2024 Notes”) and common stock purchase warrants (“August 2024 Warrants”). Mr. Blutinger purchased $ 100,000 100,000 20,000 Related Party Loans Payable Schedule of related party loans payable June 30, December 31, Original amounts due THA Family II LLC and Andrea Romanello Ferdinand, wife of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $ 1,100,000 14% 68,107 $ 1,100,000 $ - Original amounts due Elana Fiore, sister-in-law of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $ 1,637,583 14% 101,391 1,637,583 - Less: Current maturities 704,034 - $ 2,033,549 $ - Future minimum principal repayments of the loans payable are as follows: Schedule of principal repayments of the loans payable For the Twelve Months Ending June 30 2025 $ 704,034 2026 2,033,549 $ 2,737,583

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	6 Months Ended
	Jun. 30, 2024
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	12 - 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	6 Months Ended
	Jun. 30, 2024
Major Sales Channels
MAJOR SALES CHANNELS	13 - 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, RIGHTS AND WARRANTS	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS	14 - STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS Options During the six months ended June 30, 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 six months ended June 30, 2024: Schedule of stock option activity 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 (104,250 ) 2.92 Outstanding at June 30, 2024 1,642,635 $ 2.86 8.48 $ - Exercisable at June 30, 2024 443,378 $ 2.69 8.31 $ - 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 $ 146,743 299,082 204,814 372,387 936,070 2.5 Number of Weighted Average Weighted Aggregate Outstanding at December 31, 2022 1,910,484 $ 2.55 9.8 $ - Granted 75,000 2.61 Exercised - - Expired - - Forfeited (259,158 ) 2.03 Outstanding at June 30, 2023 1,726,326 $ 2.63 9.2 $ 1,472,448 Exercisable at June 30, 2023 50,000 $ 3.05 4.9 $ 5,000.00 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 $ 204,814 372,387 1,393,537 2.1 A summary of the status of the Company’s nonvested options as of June 30, 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 (33,333 ) 4.00 Vested (25,000 ) $ 4.00 Nonvested options at June 30, 2024 1,199,256 $ 2.92 Restricted Stock In March 2024, the Company granted 100,000 220,000 During the three months ended June 2024, we entered into agreements to issue an aggregate of up to 3,072,000 Schedule of restricted stock unit, activity Directors and Officers Number of Elan Blutinger 1,000,000 Patrick McNamee 400,000 Robert Arigo 500,000 Michael James 1,172,000 Total 3,072,000 As of June 30, 2024, there was $ 166,500 Rights and Warrants On February 16, 2024, the Company entered into a letter agreement with Greenle Alpha and Greenle Beta as holders of certain warrants to purchase the Company’s common stock (“Warrants”), which were issued in private placements from time to time as previously reported by the Company. Under the terms of the letter agreement, in consideration of the agreement of Greenle to exercise 50% of the Warrants originally issued by the Company on November 6, 2023 (the “November Warrants”) within three (3) business days of the date of the letter agreement and 50% of the November Warrants on or prior to February 23, 2024, the exercise price of the November Warrants has been reduced from $4.00 to $2.00 and the exercise price of all of the other Warrants held by Greenle has been reduced from $5.00 and $5.50, as applicable, to $2.50. Except as described above, the Warrants remain unchanged. On May 23, 2024, the exercise price of the Warrants held by Greenle have been reduced from $2.50 to $0.25. Except as described above, the Warrants remain unchanged. On May 23, 2024, the Company issued warrants to purchase up to 2,104,500 0.275 On June 27, 2024, in connection with a private placement of common stock, the Company issued rights to purchase up to 8,000,000 0.25 subject to downward price adjustments for certain issuance by the Company below $0.25 during the period commencing six months after the closing and ending on the 18-month anniversary of the closing. The Purchaser was granted customary registration rights. All of these rights were subsequently terminated as part of the holder’s election to convert the purchase price-value of the shares purchased by it into notes and warrants in our August 2024 Note and Warrant Debt Placement. On June 27, 2024, the Company issued warrants to purchase up to 480,000 0.275 The following table summarizes warrant and right activity for the six months ended June 30, 2024: Schedule of warrant and right activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Granted 29,889,372 0.10 Exercised (1,450,000 ) 3.31 Expired - - Forfeited - - Outstanding at June 30, 2024 33,881,372 $ 0.23 4.04 $ 4,324,291 Exercisable at June 30, 2024 33,881,372 $ 0.23 4.04 $ 4,324,291 During the six months ended June 30, 2024, 1,450,000

Revenue Share Exchange

Revenue Share Exchange	6 Months Ended
	Jun. 30, 2024
Revenue Share Exchange
Revenue Share Exchange	15 - 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 In May and June 2024, Greenle elected to receive 6,740,000 shares from the May 2023 Revenue Share Exchange Agreement.

WYNDHAM AGREEMENTS

WYNDHAM AGREEMENTS	6 Months Ended
	Jun. 30, 2024
Wyndham Agreements
WYNDHAM AGREEMENTS	16 - WYNDHAM AGREEMENTS 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 ® 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. 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 de-platformed these properties from Wyndham’s systems and moved each hotel listing back under the Company’s control. 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 June 30, 2024, we recorded the Development Incentive Advances made to us by Wyndham as a current liability on our Condensed Consolidated Balance Sheets and recorded an additional charge of $ 2.6 In May 2024, Wyndham filed a complaint against the Company in the Superior Court of New Jersey Law Division: Morris County for damages in the principal sum of $18,330,471 due and owing together with interest, attorneys’ fees and cost of suit. We intend to defend this suit and raise all available defenses and counterclaims available to the Company.

REDEEMABLE PREFERRED STOCK

REDEEMABLE PREFERRED STOCK	6 Months Ended
	Jun. 30, 2024
Redeemable Preferred Stock
REDEEMABLE PREFERRED STOCK	17 - 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 June 30, 2024 Balance Sheet and expects to do so until October 26, 2024. During the three and six months ended June 30, 2024, the Company paid $ 238,992 477,984

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
Equity Transactions
EQUITY TRANSACTIONS	18 - 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 six months ended June 30, 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 Non-employee director compensation Non-Cash Issuance of Common Stock for Director Compensation Expenses 5/3/2024 980,628 $ 0.84 $ 823,728 Non-employee commission expense Commission Expense 5/9/2024 36,887 $ 0.71 $ 26,085 Subtotal 1,330,186 $ 1,879,252 For the six months ended June 30, 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	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19 - SUBSEQUENT EVENTS Capital Raises On July 15, 2024, the Company issued in an underwritten public offering 30,000,000 0.17 5,100,000 4,567,000 306,000 0.187 4,500,000 0.17 765,000 703,800 270,000 0.187 On July 30, 2024, the Company issued in another underwritten public offering 11,573,333 0.15 1,736,000 1,530,800 694,400 0.165 In August 2024, the Company issued in a private placement (the “August 2024 Note and Warrants Debt Offering”) 18% senior secured convertible notes (“August 2024 Notes”) and common stock purchase warrants (“August 2024 Warrants”) raising gross proceeds of $ 4,122,000 Under the terms of the August 2024 Note and Warrants Debt Offering, certain equity investors and holders of promissory notes evidencing existing borrowed money obligations of the Company, including THA and the investor in our June 2024 private placement, were entitled to convert such equity and debt into the August 2024 Note and Warrant Debt offering. As a result of these conversions to date, the Company will issue an additional aggregate of $2.8 million principal amount of August 2024 Notes and August 2024 Warrants. The August 2024 Notes bear interest at 18%, are secured by substantially all of the assets of the Company under the terms of a guarantee and security agreement dated as of August 13, 2024 (“Security Agreement”), and were sold to certain accredited investors in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The principal of the Augst 2024 Notes shall be repaid in twenty-four (24) equal monthly installments commencing on August 13, 2025 and continuing on the same day of each month thereafter until the principal amount is paid in full, with all principal and interest due thereon to be paid on or prior to August 13, 2027, unless the Notes are previously converted into common stock or preferred stock as described below. The August 2024 Notes are senior debt of the Company, and subject to the terms and conditions of the Notes, the Company shall not issue any debt senior to the August 204 Notes while any August 2024 Notes remain outstanding without the consent of a majority of the then outstanding principal amount of the Notes. The August 2024 Warrants have a five-year term from the date of the initial closing of the Debt Placement and shall become exercisable commencing on the date of the earliest to occur of (a) shareholder approval of the Reverse Split (as defined below) and the Nasdaq Compliance Waiver (as defined below) and (b) the 91 st Under the terms of the August 2024 Note and Warrant Debt Placement, the Company is obligated to file a preliminary proxy statement for purposes of calling a special meeting of the Company’s shareholders to seek approval of certain prescribed proposals. These proposals include an amendment to the Company’s certificate of incorporation to effect a reverse stock split (“Reverse Split”) of the Company’s outstanding common stock in the range of one share-for-30 shares to one share-for-70 shares, the specific split ratio to be determined within such range in the discretion of the Company’s board of directors (based on market conditions, Nasdaq requirements and advice of counsel and investment banker). In connection with the Reverse Split, the number of authorized shares of the Company’s common stock would be maintained at 200,000,000 shares, preferred stock would be maintained at 20,000,0000 shares, and the shares authorized under the Company’s existing 2022 incentive plan would remain at 8,000,000 shares. The proposals also will include approval of the transactions under the SPA (“Nasdaq Compliance Waiver”) with respect to issuances or deemed issuances of common stock (including upon exercise of the Note Warrants or conversion of the Notes) in aggregate excess of 19.99% of the outstanding Common Stock at less than the Minimum Price (as defined in applicable Nasdaq regulations) as required to comply with Nasdaq regulations. The Company is obligated to use commercially reasonable efforts to respond to any SEC comments to the preliminary proxy statement as filed and clear same with the SEC and then promptly file a definitive proxy statement and mail same to stockholders and hold such special meeting as soon as practicable. Under the terms of the August 2024 Note and Warrant Debt Placement, promptly following the end of the offering, the Company will use commercially reasonable efforts to commence and consummate an underwritten initial public offering of a newly created series of preferred stock (the “New Preferred Stock”) the final terms of which are not yet determined and shall be based on requirements under the SPA and market conditions for the sale of such preferred stock (the “New Preferred Stock Public Offering”). The Company, working with one or more underwriters, will use commercially reasonable efforts to consummate the offering and obtain approval of listing of the New Preferred Stock on the Nasdaq Capital Market within 90 days of the date the Debt Placement ends. The outstanding principal of the August 2024 Notes (and at the Company’s election, any accrued and unpaid Interest thereon) shall automatically convert into shares of validly issued, fully paid and non-assessable New Preferred Stock at a conversion price of $25.00 per share, upon the latest to occur of the following events: (a) the completion of the New Preferred Stock Public Offering, (b) the approval of the New Preferred Stock for listing on Nasdaq or other national exchange, (c) the effectiveness of a resale registration statement covering the resale of the New Preferred Stock issuable upon conversion of the Notes, and (d) the approval by the Company’s shareholders of the Reverse Split and Nasdaq Compliance Waiver. From time to time, on and after the earlier of (a) both the completion of the Reverse Split and shareholder approval of the Nasdaq Compliance Waiver and (b) the 91 st From the date hereof until the date that is the later of (a) the date on which no August 2024 Notes are outstanding and (b) the 18-month anniversary of the initial closing of the Debt Placement, upon any issuance by the Company or any of its subsidiaries of (1) common stock or common stock equivalents, (2) indebtedness or (3) a combination of units thereof, in each case for cash and not as part of any ordinary course of business operations or as part of any underwritten public offering or other exempt issuance (a “Subsequent Private Financing”), each Purchaser shall have the right to participate in such Subsequent Private Financing in an amount up to an amount equal to the principal of the Notes purchased by such Purchaser in the Debt Placement or if the amount of the Subsequent Private Financing is less than the aggregate principal amounts of all Notes purchased in the Debt Placement by all purchasers, such purchaser’s pro rata portion based on such purchaser’s principal amount of the Notes originally purchased in the Debt Placement as compared to the principal amount of all Notes purchased in the Debt Placement by all purchasers, on the same terms, conditions and price provided for in the Subsequent Private Financing. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 11, 2024, the Company received a notice from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that for the prior 30 consecutive business days (through June 10, 2024), the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded 180 calendar days (until December 9, 2024) to regain compliance. In order to regain compliance, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days. The notification letter also stated that, in the event the Company does not regain compliance within the initial 180-day period, the Company may be eligible for an additional 180-day period. If the Company is not eligible for the additional 180-day period, or if it appears to the Nasdaq staff that the Company will not be able to cure the deficiency, the Nasdaq Listing Qualifications Department will provide notice after the end of the initial 180-day period that the Company’s securities will be subject to delisting. On June 28, 2024, the Company received a notice from the Staff stating that for the prior 30 consecutive business days (through June 27, 2024), the closing market value of listed securities (MVLS) of the Company’s common stock and preferred stock had been below the minimum of $35 million required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2). The notice stated that the Company would be afforded 180 calendar days (until December 26, 2024) to regain compliance. In order to regain compliance, the closing MVLS of the Company’s securities must be at least $ 35 On August 20, 2024, the Company received a written notice from the Staff stating that the Company was not in compliance with Listing Rule 5250(c)(1) of Nasdaq’s continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Quarterly Report”, such noncompliance with Listing Rule 5250(c)(1) the “Filing Delinquency”). The notice stated that under Nasdaq rules, the Company has 60 calendar days (or until Monday, October 21, 2024) to submit a plan to regain compliance. If Nasdaq were to accept the Company’s plan, Nasdaq could grant an exception of up to 180 calendar days from the Quarterly Report’s original due date, which 180 day period would end on February 18, 2025, to regain compliance, and that the Company could regain compliance by filing the Quarterly Report with the SEC and any other subsequent reports that are required to be filed during the cure period. On August 23, 2024, the Company received a determination letter (the “Letter”) from of the Staff, indicating that in light of the Company’s bid price deficiency under to Nasdaq Listing Rule 5550(a)(2), and the Staff’s determination that, as of August 22, 2024, the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days and therefore the Company is subject to the provisions contemplated under Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), the Staff had determined to delist the Company’s securities from The Nasdaq Capital Market (the “Determination”), and that the Company may appeal the Determination to a Nasdaq hearings panel (“Hearing Panel”) pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Letter further noted that, in light of the Determination, the Filing Delinquency had become an additional basis for delisting pursuant to Listing Rule 5810(d)(2), and, as such, the Company should address this concern before a Hearings Panel if it appeals the Staff’s determination, rather than proceeding as stated in the August 20, 2024 notice. The Letter stated that unless the Company requested an appeal of the Determination by August 30, 2024, trading of the Company’s common stock and preferred stock will be suspended at the opening of business on September 4, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on Nasdaq. The Company has appealed this determination and a hearing will occur in October 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 June 30, 2024, and December 31, 2023, was $ 11,264,558 4,404,216
Use of Estimates	c. Use of Estimates
Going Concern	d. Going Concern 68,744,531 78,523,377 62,590,036 20,636,175 4,200,924
Cash and Cash Equivalents	e. Cash and Cash Equivalents 61 752,848
Accounts Receivable, Channel Retained Funds, Processor Retained Funds, Receivables from City of New York, Landlords and On-Line Travel Agencies	f. Accounts Receivable, Channel Retained Funds, Processor Retained Funds, Receivables from City of New York, Landlords and On-Line Travel Agencies During the six months ended June 30, 2024, the Company wrote off $1,500,000 of channel retained funds, $2,600,000 of processor retained funds, and $984,000 due to the Company from the Housing Authority of New York City (“HAONYC”). 0 529,000
Fair Value of Financial Instruments	g. Fair Value of Financial Instruments
Commissions	h. Commissions 5,774,385 11,966,690 1,482,609 4,556,142
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 and six months ended June 30, 2024, the Company did no 1,893,039 2,015,200
Sales Tax	j. Sales Tax 3,061,212 3,266,302
Paycheck Protection Program Loan (“PPP”)	k. Paycheck Protection Program Loan (“PPP”) Debt Interest
Earnings Per Share (“EPS”)	l. Earnings Per Share (“EPS”)
Preferred Stock	m. Preferred Stock Distinguishing Liabilities from Equity.
New Accounting Pronouncements	n. New Accounting Pronouncements

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Schedule of supplemental balance sheet information related to leases	Schedule of supplemental balance sheet information related to leases June 30, December 31, Operating lease right of use assets, net $ 202,372,371 $ 241,613,588 Operating lease liabilities, current portion $ 2,152,452 $ 1,982,281 Operating lease liabilities, net of current portion $ 205,799,977 $ 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 June 30, 2025 $ 27,622,469 2026 28,380,824 2027 29,193,828 2028 30,362,131 2029 31,198,616 Thereafter (through 2048) 326,747,718 Total lease payment $ 473,505,586 Less interest (265,553,157 ) Present value obligation 207,952,429 Short-term liability 2,152,452 Long-term liability $ 205,799,977
Schedule of other supplemental information related to operating lease	Schedule of other supplemental information related to operating lease June 30, December 31, Weighted average discount rate 12.03 % 10.5 % Weighted average remaining lease term (years) 12.6 16.6 Three Months Ended June 30, Six Months Ended 2024 2023 2024 2023 Operating lease cost $ 8,705,928 $ 7,295,880 $ 15,562,182 $ 13,752,266 Short-term lease cost $ 183,132 $ 131,506 $ 3,764,552 $ 748,656 Total lease cost $ 8,889,060 $ 7,427,386 $ 19,326,734 $ 14,500,922

LOANS PAYABLE _ SBA _ PPP LOAN

LOANS PAYABLE – SBA – PPP LOAN (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2025 $ 276,658

LOANS PAYABLE _ SBA _ EIDL LO_2

LOANS PAYABLE – SBA – EIDL LOAN (Tables)	6 Months Ended
	Jun. 30, 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 12 Months Ending June 30, 2025 $ 21,314 2026 15,682 2027 16,281 2028 16,902 2029 17,546 Thereafter 694,380 Total $ 782,105

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure Loans Payable Abstract
Schedule of loans payable	Schedule of loans payable June 30, December 31, 2023 Original payable of $ 151,096 252,954 1,500 404,050 $ - $ 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 547,662 356,048 Less: Current maturities 1,511,844 1,360,609 $ 321,436 $ 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 June 30, 2025 $ 1,511,844 2026 321,436 Loans payable $ 1,833,280

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of related party loans payable	Schedule of related party loans payable June 30, December 31, Original amounts due THA Family II LLC and Andrea Romanello Ferdinand, wife of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $ 1,100,000 14% 68,107 $ 1,100,000 $ - Original amounts due Elana Fiore, sister-in-law of former Chairman and Chief Executive Officer, Brian Ferdinand, in the amount of $ 1,637,583 14% 101,391 1,637,583 - Less: Current maturities 704,034 - $ 2,033,549 $ -
Schedule of principal repayments of the loans payable	Schedule of principal repayments of the loans payable For the Twelve Months Ending June 30 2025 $ 704,034 2026 2,033,549 $ 2,737,583

STOCK OPTIONS, RESTRICTED STO_2

STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of stock option activity	Schedule of stock option activity 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 (104,250 ) 2.92 Outstanding at June 30, 2024 1,642,635 $ 2.86 8.48 $ - Exercisable at June 30, 2024 443,378 $ 2.69 8.31 $ - 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 $ 146,743 299,082 204,814 372,387 936,070 2.5 Number of Weighted Average Weighted Aggregate Outstanding at December 31, 2022 1,910,484 $ 2.55 9.8 $ - Granted 75,000 2.61 Exercised - - Expired - - Forfeited (259,158 ) 2.03 Outstanding at June 30, 2023 1,726,326 $ 2.63 9.2 $ 1,472,448 Exercisable at June 30, 2023 50,000 $ 3.05 4.9 $ 5,000.00
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 (33,333 ) 4.00 Vested (25,000 ) $ 4.00 Nonvested options at June 30, 2024 1,199,256 $ 2.92
Schedule of restricted stock unit, activity	Schedule of restricted stock unit, activity Directors and Officers Number of Elan Blutinger 1,000,000 Patrick McNamee 400,000 Robert Arigo 500,000 Michael James 1,172,000 Total 3,072,000
Schedule of warrant and right activity	Schedule of warrant and right activity Number of Weighted Weighted Aggregate Outstanding at December 31, 2023 5,442,000 $ 4.68 4.7 $ 7,038,940 Granted 29,889,372 0.10 Exercised (1,450,000 ) 3.31 Expired - - Forfeited - - Outstanding at June 30, 2024 33,881,372 $ 0.23 4.04 $ 4,324,291 Exercisable at June 30, 2024 33,881,372 $ 0.23 4.04 $ 4,324,291

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 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 Non-employee director compensation Non-Cash Issuance of Common Stock for Director Compensation Expenses 5/3/2024 980,628 $ 0.84 $ 823,728 Non-employee commission expense Commission Expense 5/9/2024 36,887 $ 0.71 $ 26,085 Subtotal 1,330,186 $ 1,879,252 For the six months ended June 30, 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

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Rents received in advance	$ 11,264,558		$ 11,264,558		$ 4,404,216
Net loss	26,585,049	$ 26,774,661	68,744,531	$ 29,555,195	78,523,377
Working capital deficit	62,590,036		62,590,036
Net cash used in operating activities			20,636,175	4,200,924
Cash and cash equivalents	$ 61		61		752,848
Write off description	During the six months ended June 30, 2024, the Company wrote off $1,500,000 of channel retained funds, $2,600,000 of processor retained funds, and $984,000 due to the Company from the Housing Authority of New York City (“HAONYC”).
Reserve for credit losses	$ 0		0		529,000
Pays commissions to third-party	5,774,385	1,482,609	11,966,690	4,556,142
Tax provision	0	$ 1,893,039	0	$ 2,015,200
Accrued sales tax payable	$ 3,061,212		$ 3,061,212		$ 3,266,302

LEASES (Details)

LEASES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Leases
Operating lease right of use assets, net	$ 202,372,371	$ 241,613,588
Operating lease liabilities, current portion	2,152,452	1,982,281
Operating lease liabilities, net of current portion	$ 205,799,977	$ 242,488,610

LEASES (Details 1)

LEASES (Details 1) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Leases
2025	$ 27,622,469
2026	28,380,824
2027	29,193,828
2028	30,362,131
2029	31,198,616
Thereafter (through 2048)	326,747,718
Total lease payment	473,505,586
Less interest	(265,553,157)
Present value obligation	207,952,429
Short-term liability	(2,152,452)	$ (1,982,281)
Long-term liability	$ 205,799,977	$ 242,488,610

LEASES (Details 2)

LEASES (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Leases
Weighted average discount rate	12.03%		12.03%		10.50%
Weighted average remaining lease term (years)	12 years 7 months 6 days		12 years 7 months 6 days		16 years 7 months 6 days
Operating lease cost	$ 8,705,928	$ 7,295,880	$ 15,562,182	$ 13,752,266
Operating lease cost	183,132	131,506	3,764,552	748,656
Operating lease cost	$ 8,889,060	$ 7,427,386	$ 19,326,734	$ 14,500,922

ACCOUNTS RECEIVABLES, PROCESS_2

ACCOUNTS RECEIVABLES, PROCESSOR AND CHANNEL RETAINED FUNDS (Details Narrative) - USD ($)	Jun. 30, 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	0	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	826,000	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 EXPENSES (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 46,869,829	$ 23,182,305
Accrued payroll and related liabilities	1,948,000	2,024,000
Utilities fees	3,489,000	3,265,000
Legal exposure	18,652,000	8,400,000
Sales and other taxes	7,660,000	3,910,000
Rent	2,707,000	1,737,000
Union liabilities	1,955,000
interest expense	856,000
Telephone and cable expense	297,000
Insurance expense	725,000	194,000
Professional fees	570,000	590,000
Repairs, maintenance, and improvements	945,000	719,000
Supplies and sundries	307,000	420,000
Cleaning expense	317,000
Initial franchise fees paid on behalf of the Company by a related party	563,000
Commissions	757,000	632,000
Printing expenses	$ 215,000	263,000
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
Other miscellaneous items		$ 42,000

LOANS PAYABLE - SBA - PPP LOAN

LOANS PAYABLE - SBA - PPP LOAN (Details)	Jun. 30, 2024 USD ($)
Loans Payable Sba Ppp Loan
2025	$ 276,658

LOANS PAYABLE _ SBA _ PPP LOA_2

LOANS PAYABLE – SBA – PPP LOAN (Details Narrative) - USD ($)	Jun. 30, 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	$ 7,010	$ 5,571

LOANS PAYABLE - SBA - EIDL LOAN

LOANS PAYABLE - SBA - EIDL LOAN (Details) - SBA and EIDL Loan Payable [Member]	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
2025	$ 21,314
2026	15,682
2027	16,281
2028	16,902
2029	17,546
Thereafter	694,380
Total	$ 782,105

LOANS PAYABLE _ SBA _ EIDL LO_3

LOANS PAYABLE – SBA – EIDL LOAN (Details Narrative) - USD ($)

1 Months Ended

12 Months Ended

Jul. 25, 2022

Jun. 18, 2022

Apr. 21, 2022

Dec. 31, 2020

Jun. 30, 2024

Dec. 31, 2023

Jan. 30, 2023

Dec. 20, 2022

Dec. 31, 2021

Jul. 25, 2020

Jun. 18, 2020

Apr. 21, 2020

Short-Term Debt [Line Items]

Original amount of loans payable

$ 1,250,000

$ 3,000,000

EIDL [Member]

Short-Term Debt [Line Items]

Debt Instrument, 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

$ 782,105

$ 786,950

Accrued interest

$ 14,289

$ 27,644

SHORT-TERM BUSINESS FINANCING (

SHORT-TERM BUSINESS FINANCING (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Short-term Business Financing
Merchant cash advances net of unamortized fees	$ 2,805,189	$ 1,115,120

LOANS PAYABLE (Details)

LOANS PAYABLE (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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	$ 1,833,280
Other borrowing	547,662		$ 356,048
Less: Current maturities	1,511,844		1,360,609
Loans payable non current	321,436		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			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)	Jun. 30, 2024 USD ($)
Disclosure Loans Payable Abstract
2025	$ 1,511,844
2026	321,436
Loans payable	$ 1,833,280

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Feb. 28, 2019
Line of Credit Facility [Line Items]
Interest rate description	prime, which was 8.25% as of June 30, 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) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Less: Current maturities	$ 704,034
Related Party Loans Payable noncurrent	2,033,549
THA Family II LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Related Party Loans Payable	$ 1,100,000
Interest rate	14%
Periodic payments	$ 68,107
Elana Fiore [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Related Party Loans Payable	$ 1,637,583
Interest rate	14%
Periodic payments	$ 101,391

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details 1) - Related Party Loan Payable [Member]	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
2025	$ 704,034
2026	2,033,549
Future minimum principal repayments	$ 2,737,583

RELATED PARTY TRANSACTIONS (D_3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

Jul. 15, 2024

Aug. 31, 2024

Jul. 31, 2024

Jul. 30, 2024

Jul. 18, 2024

May 31, 2024

Dec. 31, 2023

Dec. 20, 2022

Jun. 30, 2024

Jun. 30, 2024

Jun. 30, 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

Share price

$ 0.17

Number of common share sold during the period

30,000,000

11,573,333

4,500,000

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

$ 341,250

$ 1,023,750

1,023,750

Related party expenses

$ 341,250

$ 692,250

Elan Blutinger [Member]

Related Party Transaction [Line Items]

Share price

$ 0.25

Number of common share sold during the period

100,000

294,116

400,000

Patrick Mc Namee [Member]

Related Party Transaction [Line Items]

Number of common share sold during the period

100,000

735,294

Kimberly Schaefer [Member]

Related Party Transaction [Line Items]

Number of common share sold during the period

117,647

Leonard Toboroff [Member]

Related Party Transaction [Line Items]

Number of common share sold during the period

147,058

Robert Arigo [Member]

Related Party Transaction [Line Items]

Number of common share sold during the period

176,470

Michael James [Member]

Related Party Transaction [Line Items]

Number of common share sold during the period

20,000

352,941

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative)	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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, RIGHTS AND WARRANTS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Outstanding at the beginning (in shares)	1,746,885	1,910,484
Outstanding at the beginning (in dollars per shares)	$ 2.86	$ 2.55
Weighted Average Remaining Contractual Life (years)	9 years	9 years 9 months 18 days
Aggregate intrinsic value, outstanding at the beginning	$ 5,427,118
Granted (in shares)		75,000
Granted (in dollars per shares)		$ 2.61
Exercised (in shares)
Exercised (in dollars per shares)
Expired (in shares)
Expired (in dollars per shares)
Forfeited (in shares)	(104,250)	(259,158)
Forfeited (in dollars per shares)	$ 2.92	$ 2.03
Outstanding at the end (in shares)	1,642,635	1,726,326
Outstanding at the end (in dollars per shares)	$ 2.86	$ 2.63
Weighted Average Remaining Contractual Life (years)	8 years 5 months 23 days	9 years 2 months 12 days
Aggregate intrinsic value, outstanding at the end		$ 1,472,448
Number of share exercisable	443,378	50,000
Weighted Average Exercise Price exercisable	$ 2.69	$ 3.05
Weighted Average Remaining Contractual Life (years)	8 years 3 months 21 days	4 years 10 months 24 days
Aggregate Intrinsic Value exercisable		$ 5,000

STOCK OPTIONS, RESTRICTED STO_4

STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS (Details 1)	6 Months Ended
	Jun. 30, 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	(33,333)
Forfeited (in dollars per share) | $ / shares	$ 4
Vested | shares	(25,000)
Vested (in dollars per share) | $ / shares	$ 4
Nonvested options at the end | shares	1,199,256
Nonvested options at the end (in dollars per share) | $ / shares	$ 2.92

STOCK OPTIONS, RESTRICTED STO_5

STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS (Details 2)	6 Months Ended
	Jun. 30, 2024 shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of restricted shares issued	3,072,000
Elan Blutinger [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of restricted shares issued	1,000,000
Patrick Mc Namee [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of restricted shares issued	400,000
Robert Arigo [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of restricted shares issued	500,000
Michael James [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of restricted shares issued	1,172,000

STOCK OPTIONS, RESTRICTED STO_6

STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS (Details 3)	6 Months Ended
	Jun. 30, 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	29,889,372
Granted (in dollars per share) | $ / shares	$ 0.10
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	33,881,372
Outstanding at the end (in dollars per share) | $ / shares	$ 0.23
Outstanding at the end (in years)	4 years 14 days
Aggregate Intrinsic Value at the end | $	$ 4,324,291
Exercisable | shares	33,881,372
Exercisable (in dollars per share) | $ / shares	$ 0.23
Exercisable (in years)	4 years 14 days
Aggregate intrinsic value exercisable | $	$ 4,324,291

STOCK OPTIONS, RESTRICTED STO_7

STOCK OPTIONS, RESTRICTED STOCK UNITS, RIGHTS AND WARRANTS (Details Narrative) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 27, 2024	May 23, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jul. 30, 2024	Jul. 18, 2024	Jul. 15, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option expense				$ 146,743	$ 204,814	$ 299,082	$ 372,387
Unamortized option expense	$ 936,070			$ 936,070	$ 1,393,537	$ 936,070	$ 1,393,537
Unamortized option expense expected to be recognized over a weighted average period						2 years 6 months	2 years 1 month 6 days
Number of aggregate shares granted				3,072,000				100,000
Fair value of all restricted shares	$ 220,000
Number of warrants issued						29,889,372
Weighted average exercise price	$ 0.23			$ 0.23		$ 0.23		$ 4.68	$ 0.165	$ 0.187	$ 0.187
Number of warrants exercised						1,450,000
Underwriter [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants issued			2,104,500
Weighted average exercise price			$ 0.275
Warrant Holders [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants issued		8,000,000
Weighted average exercise price		$ 0.25
Alexander [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants issued		480,000
Weighted average exercise price		$ 0.275
Unvested Restricted Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost	$ 166,500			$ 166,500		$ 166,500

Revenue Share Exchange (Details

Revenue Share Exchange (Details Narrative) - USD ($)		1 Months Ended		3 Months Ended	6 Months Ended
	Jul. 15, 2024	Jul. 30, 2024	Jul. 18, 2024	Jun. 30, 2023	Jun. 30, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest Expenses				$ 28,174,148
Shares issued	30,000,000	11,573,333	4,500,000
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	Jun. 30, 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	6 Months Ended
	Dec. 05, 2023	Oct. 26, 2023	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Preferred stock stated value			$ 25	$ 25		$ 25
Number of share sold				1,330,186	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	$ 477,984
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 ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jul. 31, 2024
Shares	1,330,186	600,546
Price			$ 0.17
Value	$ 1,879,252	$ 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 Commission Expenses [Member]
Shares	980,628
Price	$ 0.84
Value	$ 823,728
Non Employee Commission Expense 2 [Member]
Shares	36,887
Price	$ 0.71
Value	$ 26,085
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
	Jul. 15, 2024	Aug. 31, 2024	Jul. 30, 2024	Jul. 18, 2024	Jun. 30, 2024	Jun. 28, 2024	Dec. 31, 2023
Subsequent Events [Abstract]
Number of common share sold during the period	30,000,000		11,573,333	4,500,000
Share price	$ 0.17		$ 0.15	$ 0.17
Value of common share sold during the period	$ 5,100,000		$ 1,736,000	$ 765,000
Proceeds from issuance of common stock	$ 4,567,000		$ 1,530,800	$ 703,800
Number of warrants sold during the period	306,000		694,400	270,000
Exercise price	$ 0.187		$ 0.165	$ 0.187	$ 0.23		$ 4.68
Proceeds from convertible debt		$ 4,122,000
Securities						$ 35,000,000