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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Loss $ (16,785,875) $ (2,780,534)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Writeoff of security deposits 750,000
Writeoff of vendor overpayment 50,000
Non-cash stock compensation expense 55,500 429,996
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 186,485
Receivables from City of New York and Landlords, Net (1,432,665)
Prepaid expense and other assets (4,415,639) 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 5,636,539 1,024,948
Operating lease liabilities (8,050,548) (4,804,716)
Rents received in advance 2,172,187 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