2023 Q1 Form 10-K Financial Statement

#000182912623002470 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $22.81M $4.960M $43.83M
YoY Change -53.81%
Cost Of Revenue $17.45M $10.83M $31.45M
YoY Change 164.98% 97.08% 63.21%
Gross Profit $5.362M -$5.870M $12.38M
YoY Change 3.58% -211.96% -4.47%
Gross Profit Margin 23.5% -118.35% 28.24%
Selling, General & Admin $3.340M $2.710M $9.340M
YoY Change 240.95% 119.69% 228.34%
% of Gross Profit 62.29% 75.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.03K $0.00 $8.671K
YoY Change
% of Gross Profit 0.21% 0.07%
Operating Expenses $4.225M $4.550M $15.83M
YoY Change 331.29% 268.85% 456.54%
Operating Profit $1.137M -$10.42M -$3.456M
YoY Change -72.91% -359.89% -134.19%
Interest Expense -$2.130M -$170.0K -$5.480M
YoY Change 277.57% -57.46% 236.91%
% of Operating Profit -187.35%
Other Income/Expense, Net -$3.795M -$1.640M -$5.934M
YoY Change -943.56% -1396.85% -4770.36%
Pretax Income -$2.658M -$8.350M -$9.390M
YoY Change -287.28% -3542.16% 320.45%
Income Tax $122.2K $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.781M -$8.350M -$9.390M
YoY Change -295.89% -3542.16% 320.45%
Net Earnings / Revenue -12.19% -168.35% -21.43%
Basic Earnings Per Share -$0.10 -$0.40
Diluted Earnings Per Share -$0.10 -$0.31 -$0.40
COMMON SHARES
Basic Shares Outstanding 29.39M shares 26.53M 23.43M shares
Diluted Shares Outstanding 28.66M shares 23.43M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $3.700M $3.700M
YoY Change 4563.13% 52757.14% 52757.14%
Cash & Equivalents $2.881M $1.076M
Short-Term Investments $0.00 $2.700M $2.700M
Other Short-Term Assets $7.800M $963.3K $7.800M
YoY Change -24.29%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.65M $11.55M $11.50M
YoY Change 802.56%
LONG-TERM ASSETS
Property, Plant & Equipment $435.9K $197.1K $83.50M
YoY Change -98.73% 1614.17% 725986.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.80M $12.90M $12.90M
YoY Change 528.34% 420.79% 420.79%
Total Long-Term Assets $186.5M $96.42M $96.50M
YoY Change 3774.42%
TOTAL ASSETS
Total Short-Term Assets $10.65M $11.55M $11.50M
Total Long-Term Assets $186.5M $96.42M $96.50M
Total Assets $197.2M $108.0M $108.0M
YoY Change 2765.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.000M $5.600M $6.500M
YoY Change 355.53% 304.04% 368.97%
Accrued Expenses $4.700M $6.900M $6.000M
YoY Change -26.75% 11213.33% 9737.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.500M $10.40M $10.40M
YoY Change 194.72% 394.2% 394.2%
Total Short-Term Liabilities $24.59M $25.44M $25.40M
YoY Change 45.19% 167.23% 166.81%
LONG-TERM LIABILITIES
Long-Term Debt $5.200M $4.200M $4.200M
YoY Change -14.73%
Other Long-Term Liabilities $168.8M $85.82M $81.60M
YoY Change 484.21% 15886.2% 15100.91%
Total Long-Term Liabilities $174.0M $85.82M $85.80M
YoY Change 1471.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.59M $25.44M $25.40M
Total Long-Term Liabilities $174.0M $85.82M $85.80M
Total Liabilities $198.6M $111.3M $111.3M
YoY Change 296.37% 642.59% 642.89%
SHAREHOLDERS EQUITY
Retained Earnings -$23.80M -$21.02M
YoY Change
Common Stock $293.00 $276.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.432M -$3.292M -$3.300M
YoY Change
Total Liabilities & Shareholders Equity $197.2M $108.0M $108.0M
YoY Change 394.21% 2765.31% 2766.29%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.781M -$8.350M -$9.390M
YoY Change -295.89% -3542.16% 320.45%
Depreciation, Depletion And Amortization $11.03K $0.00 $8.671K
YoY Change
Cash From Operating Activities $383.3K -$4.740M -$18.29M
YoY Change 170.99%
INVESTING ACTIVITIES
Capital Expenditures $249.8K $150.0K $194.3K
YoY Change -1404.35% -1789.57%
Acquisitions
YoY Change
Other Investing Activities $2.690M -$2.610M -$2.660M
YoY Change
Cash From Investing Activities $2.443M -$2.760M -$2.853M
YoY Change 23900.0% 24709.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.021M 7.390M $22.21M
YoY Change 364.15% 160.83% 486.8%
NET CHANGE
Cash From Operating Activities $383.3K -4.740M -$18.29M
Cash From Investing Activities $2.443M -2.760M -$2.853M
Cash From Financing Activities -$1.021M 7.390M $22.21M
Net Change In Cash $1.805M -110.0K $1.069M
YoY Change -110.26%
FREE CASH FLOW
Cash From Operating Activities $383.3K -$4.740M -$18.29M
Capital Expenditures $249.8K $150.0K $194.3K
Free Cash Flow $133.5K -$4.890M -$18.48M
YoY Change 181.41% -160831.05%

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StockholdersEquity
-11214050 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
107963021 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3767936 usd
CY2022 us-gaap Revenues
Revenues
43825424 usd
CY2021 us-gaap Revenues
Revenues
21379913 usd
CY2022 luxh Rent Expense
RentExpense
10340188 usd
CY2021 luxh Rent Expense
RentExpense
10037659 usd
CY2022 luxh Noncash Rent Expense Amortization
NoncashRentExpenseAmortization
1894731 usd
CY2021 luxh Noncash Rent Expense Amortization
NoncashRentExpenseAmortization
325114 usd
CY2022 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
19215156 usd
CY2021 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
8906380 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
31450075 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
19269153 usd
CY2022 us-gaap Gross Profit
GrossProfit
12375349 usd
CY2021 us-gaap Gross Profit
GrossProfit
2110760 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6794111 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2844637 usd
CY2022 luxh Noncash Stock Compensation Expense
NoncashStockCompensationExpense
2547536 usd
CY2022 luxh Noncash Writeoff Of Net Rightofuse Assets Associated With Apartment Rental Exit
NoncashWriteoffOfNetRightofuseAssetsAssociatedWithApartmentRentalExit
2385995 usd
CY2022 luxh Cash Costs Associated With Apartment Rental Exit
CashCostsAssociatedWithApartmentRentalExit
4103898 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
15831540 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
2844637 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-3456191 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-733877 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1584105 usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
127058 usd
CY2022 luxh Interest And Financing Costs
InterestAndFinancingCosts
5483891 usd
CY2021 luxh Interest And Financing Costs
InterestAndFinancingCosts
1626565 usd
CY2022 luxh Noncash Financing Costs
NoncashFinancingCosts
2034376 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5934162 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1499507 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9390353 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2233384 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-9390353 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2233384 usd
CY2022 luxh Basic And Diluted Loss Per Common Share
BasicAndDilutedLossPerCommonShare
-0.40
CY2022 luxh Basic And Diluted Weighted Average Number Of Common Shares Outstanding
BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding
23432870 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-11214050 usd
CY2022 luxh Cumulative Effects Of Changes In Accounting Principle
CumulativeEffectsOfChangesInAccountingPrinciple
-414373 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-9390353 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2830126 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10198548 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1850431 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
751776 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1795771 usd
CY2022 luxh Conversion Of Loans Post Ipo
ConversionOfLoansPostIpo
300000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3292124 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-9390353 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2233384 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2547536 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1850431 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8671 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
167652 usd
CY2022 luxh Noncash Rent Expense Amortization
NoncashRentExpenseAmortization
1894731 usd
CY2021 luxh Noncash Rent Expense Amortization
NoncashRentExpenseAmortization
325114 usd
CY2022 luxh Noncash Writeoff Of Net Rightofuse Assets Associated With Apartment Rental Exit
NoncashWriteoffOfNetRightofuseAssetsAssociatedWithApartmentRentalExit
2385995 usd
CY2022 luxh Noncash Financing Charges Associated With Short Term Business Financing
NoncashFinancingChargesAssociatedWithShortTermBusinessFinancing
337759 usd
CY2022 luxh Unrealized Gain On Treasury Bills
UnrealizedGainOnTreasuryBills
-2553 usd
CY2022 luxh Loan Forgiveness Sba Paycheck Protection Program Loan
LoanForgivenessSbaPaycheckProtectionProgramLoan
-516225 usd
CY2022 luxh Increase In Processor Retained Funds
IncreaseInProcessorRetainedFunds
6677356 usd
CY2021 luxh Increase In Processor Retained Funds
IncreaseInProcessorRetainedFunds
-1650 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
1356471 usd
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
938621 usd
CY2022 luxh Increase Decrease In Security Deposits Current
IncreaseDecreaseInSecurityDepositsCurrent
-164653 usd
CY2022 luxh Increase Decrease In Security Deposits Noncurrent
IncreaseDecreaseInSecurityDepositsNoncurrent
9856375 usd
CY2021 luxh Increase Decrease In Security Deposits Noncurrent
IncreaseDecreaseInSecurityDepositsNoncurrent
1219966 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2043125 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
436447 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2637552 usd
CY2022 luxh Increase Decrease In Rents Received In Advance
IncreaseDecreaseInRentsReceivedInAdvance
746561 usd
CY2021 luxh Increase Decrease In Rents Received In Advance
IncreaseDecreaseInRentsReceivedInAdvance
961405 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18289771 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2667355 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
194300 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11500 usd
CY2022 luxh Payments To Acquire Treasury Bills
PaymentsToAcquireTreasuryBills
2658829 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2853129 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11500 usd
CY2022 luxh Proceeds From Payments Of Stock Issuance Cost
ProceedsFromPaymentsOfStockIssuanceCost
771954 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
10962554 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1219665 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
2684744 usd
CY2022 luxh Proceeds From Short Term Business Financing Net
ProceedsFromShortTermBusinessFinancingNet
279248 usd
CY2021 luxh Proceeds From Short Term Business Financing Net
ProceedsFromShortTermBusinessFinancingNet
1065929 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10198548 usd
CY2021 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
72082 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1257079 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22212304 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3785341 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1069404 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1106486 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1106998 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
512 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2176402 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1106998 usd
CY2022Q4 us-gaap Cash
Cash
1076402 usd
CY2021Q4 us-gaap Cash
Cash
6998 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
1100000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1100000 usd
CY2022Q4 luxh Cash And Restricted Cash End Of Period
CashAndRestrictedCashEndOfPeriod
2176402 usd
CY2021Q4 luxh Cash And Restricted Cash End Of Period
CashAndRestrictedCashEndOfPeriod
1106998 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4336468 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
901884 usd
CY2022 luxh Initial Recognition Of Operating Lease Rightofuse Assets
InitialRecognitionOfOperatingLeaseRightofuseAssets
36304289 usd
CY2022 luxh Acquisition Of New Operating Lease Rightofuse Assets
AcquisitionOfNewOperatingLeaseRightofuseAssets
57907139 usd
CY2022 luxh Non Cash Part Of Conversion Of Debt To Common Stock And Additional Paid In Capital
NonCashPartOfConversionOfDebtToCommonStockAndAdditionalPaidInCapital
3954468 usd
CY2022 luxh Non Cash Activity Of Common Stock Issued In Exchange For Warrants
NonCashActivityOfCommonStockIssuedInExchangeForWarrants
4635245 usd
CY2021 luxh Noncash Or Part Noncash Imputed Interest On Related Party Loans Market Interest Rates Reported As Contributions From Members
NoncashOrPartNoncashImputedInterestOnRelatedPartyLoansMarketInterestRatesReportedAsContributionsFromMembers
38606 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
2566504 usd
CY2021Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
1819943 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zvNdj07wfr63" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><tr style="vertical-align: top; text-align: justify; border-collapse: collapse"> <td style="width: 0.25in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</span></td><td style="text-align: justify"><b><i><span id="xdx_864_zuqpgA9jXHE2">Use of Estimates</span></i></b> — The preparation of financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Actual results could differ from those estimates.</td> </tr></table>
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1076402 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3126 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
109220 usd
CY2022 us-gaap Payments For Commissions
PaymentsForCommissions
6549422 usd
CY2021 us-gaap Payments For Commissions
PaymentsForCommissions
1719724 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
229371 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
296000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-9390353 usd
CY2022Q4 luxh Working Capital Deficit
WorkingCapitalDeficit
13892020 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
36304289 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7370890 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29884584 usd
CY2022 luxh Cumulative Effect Adjustment Retained Earnings Unamortized Deferred Lease Costs
CumulativeEffectAdjustmentRetainedEarningsUnamortizedDeferredLeaseCosts
414373 usd
CY2022Q4 luxh Loans Payable Sba Ppp Loan Maturity Year One
LoansPayableSbaPppLoanMaturityYearOne
298958 usd
CY2022Q4 luxh Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
83325075 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4293085 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
81626338 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12695360 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13104192 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13501012 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13147855 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9626575 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
93577837 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
155652832 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
69733409 usd
CY2022Q4 luxh Present Value Obligation
PresentValueObligation
85919423 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4293085 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
81626338 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y8M12D
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
12234919 usd
CY2022 us-gaap Lease Cost
LeaseCost
12234919 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
300000 usd
CY2022Q4 luxh Entired Converted Amount
EntiredConvertedAmount
3000000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
6252492 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4209366 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1570000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1002000 usd
CY2022Q4 luxh Legal Exposure
LegalExposure
805000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
572000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Credit Card Payable Current
AccountsPayableAndAccruedLiabilitiesCreditCardPayableCurrent
507000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
495000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Sales Tax Current
AccountsPayableAndAccruedLiabilitiesSalesTaxCurrent
371000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Rent Payable Current
AccountsPayableAndAccruedLiabilitiesRentPayableCurrent
104000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Costs Related To Initial Public Offering Current
AccountsPayableAndAccruedLiabilitiesCostsRelatedToInitialPublicOfferingCurrent
268000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Legal And Accounting Fees
AccountsPayableAndAccruedLiabilitiesLegalAndAccountingFees
265000 usd
CY2022Q4 luxh Director Fees
DirectorFees
135000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
158000 usd
CY2021Q4 luxh Accounts Payable And Accrued Liabilities Credit Card Payable Current
AccountsPayableAndAccruedLiabilitiesCreditCardPayableCurrent
980000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
600000 usd
CY2021Q4 luxh Accounts Payable And Accrued Liabilities Rent Payable Current
AccountsPayableAndAccruedLiabilitiesRentPayableCurrent
570000 usd
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
570000 usd
CY2021Q4 luxh Accounts Payable And Accrued Liabilities Short Term Negative Cash Balance Current
AccountsPayableAndAccruedLiabilitiesShortTermNegativeCashBalanceCurrent
475000 usd
CY2021Q4 luxh Accounts Payable And Accrued Liabilities Sales Tax Current
AccountsPayableAndAccruedLiabilitiesSalesTaxCurrent
295000 usd
CY2021Q4 luxh Accounts Payable And Accrued Liabilities Costs Related To Initial Public Offering Current
AccountsPayableAndAccruedLiabilitiesCostsRelatedToInitialPublicOfferingCurrent
290000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Refunds Payable Current
AccountsPayableAndAccruedLiabilitiesRefundsPayableCurrent
228000 usd
CY2022Q4 luxh Accounts Payable And Accrued Liabilities Furniture Current
AccountsPayableAndAccruedLiabilitiesFurnitureCurrent
97000 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
105000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
15523 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
14826 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15391 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
15979 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
16588 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
721693 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
800000 usd
CY2022Q4 luxh Unamortized Costs For Merchant Cash Advances
UnamortizedCostsForMerchantCashAdvances
1921439 usd
CY2021Q4 luxh Unamortized Costs For Merchant Cash Advances
UnamortizedCostsForMerchantCashAdvances
1386008 usd
CY2022Q4 luxh Letter Of Credit
LetterOfCredit
2500000 usd
CY2022Q4 luxh Original Borrowing
OriginalBorrowing
119224 usd
CY2022Q4 luxh Other Borrowing
OtherBorrowing
225929 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
13163355 usd
CY2021Q4 us-gaap Other Borrowings
OtherBorrowings
2192118 usd
CY2022Q4 luxh Loans Payable Current Maturities
LoansPayableCurrentMaturities
9761723 usd
CY2021Q4 luxh Loans Payable Current Maturities
LoansPayableCurrentMaturities
1267004 usd
CY2022Q4 luxh Loans Payable Non Current
LoansPayableNonCurrent
3401632 usd
CY2021Q4 luxh Loans Payable Non Current
LoansPayableNonCurrent
925114 usd
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
349899 usd
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
241455 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.265 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 luxh Loans Payable Maturity Year One
LoansPayableMaturityYearOne
9761723 usd
CY2022Q4 luxh Loans Payable Maturity Year Two
LoansPayableMaturityYearTwo
3401632 usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
13163355 usd
CY2022Q4 luxh Loans Payable Related Parties
LoansPayableRelatedParties
238000 usd
CY2021Q4 luxh Loans Payable Related Parties
LoansPayableRelatedParties
518721 usd
CY2022Q4 luxh Loans Payable Related Parties Current
LoansPayableRelatedPartiesCurrent
238000 usd
CY2021Q4 luxh Loans Payable Related Parties Current
LoansPayableRelatedPartiesCurrent
22221 usd
CY2021Q4 luxh Loans Payable Related Parties Non Current
LoansPayableRelatedPartiesNonCurrent
496500 usd
CY2022Q4 luxh Loans Payable Related Parties Maturity Year One
LoansPayableRelatedPartiesMaturityYearOne
238000 usd
CY2022Q4 luxh Loans Payable Related Parties
LoansPayableRelatedParties
238000 usd
CY2021Q4 luxh Convertible Notes Related Parties
ConvertibleNotesRelatedParties
2608860 usd
CY2021Q4 luxh Convertible Notes Loans Payable Non Current Related Parties
ConvertibleNotesLoansPayableNonCurrentRelatedParties
2608860 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
94975 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
94975 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3000000 usd
CY2022Q4 luxh Conversion Of Common Stock Shares
ConversionOfCommonStockShares
1000000 shares
CY2022Q4 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
3.00
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 item
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-673020 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-177643 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-850663 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-850663 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-9390353 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2233384 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
676190 usd
CY2022Q4 luxh Change In Rightofuse Asset And Lease Liability Net
ChangeInRightofuseAssetAndLeaseLiabilityNet
436143 usd
CY2022Q4 luxh Deferredtax Assets Interest Expense
DeferredtaxAssetsInterestExpense
1151025 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2263358 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2263358 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2263358 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3826500 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.28
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0052 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0413 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3977 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.0659 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3826500 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.28
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1916016 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.00
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1910484 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.55
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y9M18D
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
751776 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4374348 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3826500 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.28
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
1916016 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.00
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1910484 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.55
CY2022 luxh Class Of Warrant Or Right Number Of Securities Issued
ClassOfWarrantOrRightNumberOfSecuritiesIssued
5174500 shares
CY2022 luxh Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Issued
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsIssued
3.21
CY2022 luxh Warrants And Rights Outstanding Issuance Term
WarrantsAndRightsOutstandingIssuanceTerm
P5Y
CY2022 luxh Warrant Expired
WarrantExpired
-2156250 shares
CY2022 luxh Weighted Average Exercise Price Expired
WeightedAverageExercisePriceExpired
4.00
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3018250 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.64
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P4Y9M18D
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3018250 shares
CY2022Q4 luxh Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercisable
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercisable
2.64
CY2022 luxh Warrants And Rights Outstanding Exercisable Term
WarrantsAndRightsOutstandingExercisableTerm
P4Y9M18D

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0001829126-23-002470.txt Edgar Link pending
0001829126-23-002470-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
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luxh-20221231.xsd Edgar Link pending
luxurbanhotels_10k.htm Edgar Link pending
luxurbanhotels_ex21-1.htm Edgar Link pending
luxurbanhotels_ex31-1.htm Edgar Link pending
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luxh-20221231_cal.xml Edgar Link unprocessable
luxh-20221231_lab.xml Edgar Link unprocessable
luxh-20221231_pre.xml Edgar Link unprocessable
luxurbanhotels_10k_htm.xml Edgar Link completed
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