2023 Q4 Form 10-Q Financial Statement

#000182912623007194 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $27.51M $31.21M
YoY Change 454.71% 169.61%
Cost Of Revenue $41.93M $23.40M
YoY Change 287.2% 249.91%
Gross Profit -$14.42M $7.812M
YoY Change 145.67% 59.79%
Gross Profit Margin -52.41% 25.03%
Selling, General & Admin $15.07M $2.390M
YoY Change 455.93% -54.99%
% of Gross Profit 30.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.91K $30.00K
YoY Change 200.0%
% of Gross Profit 0.38%
Operating Expenses $14.88M $2.723M
YoY Change 227.09% -48.71%
Operating Profit -$29.30M $5.089M
YoY Change 181.22% -1305.68%
Interest Expense -$2.477M $28.17M
YoY Change 1357.31% -778.9%
% of Operating Profit 553.64%
Other Income/Expense, Net -$9.900M -$2.154M
YoY Change 503.67% -39.26%
Pretax Income -$53.92M $2.935M
YoY Change 545.73% -173.98%
Income Tax -$15.70K -$1.999M
% Of Pretax Income -68.12%
Net Earnings -$54.07M $4.935M
YoY Change 547.56% -253.37%
Net Earnings / Revenue -196.53% 15.81%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share -$1.21 $0.11
COMMON SHARES
Basic Shares Outstanding 36.84M shares 35.70M shares
Diluted Shares Outstanding 45.43M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $752.9K $4.800M
YoY Change -79.65% 300.0%
Cash & Equivalents $752.8K $4.799M
Short-Term Investments $0.00
Other Short-Term Assets $2.983M $348.5K
YoY Change 209.64% -96.08%
Inventory
Prepaid Expenses $326.3K $18.34K
Receivables $329.9K
Other Receivables $15.66M
Total Short-Term Assets $19.72M $28.13M
YoY Change 70.78% 177.09%
LONG-TERM ASSETS
Property, Plant & Equipment $242.3M $1.059M
YoY Change 122816.88% 1986.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.27M $22.60M
YoY Change 64.87% 218.31%
Total Long-Term Assets $263.6M $254.1M
YoY Change 173.37% 192.34%
TOTAL ASSETS
Total Short-Term Assets $19.72M $28.13M
Total Long-Term Assets $263.6M $254.1M
Total Assets $283.3M $282.3M
YoY Change 162.4% 190.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.24M $10.00M
YoY Change 297.15% 170.27%
Accrued Expenses $4.040M $6.500M
YoY Change -41.46% 4.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.655M $1.500M
YoY Change -84.09% -76.19%
Total Short-Term Liabilities $33.13M $21.56M
YoY Change 30.21% 23.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.459M $4.900M
YoY Change -65.26% 188.24%
Other Long-Term Liabilities $252.2M $239.2M
YoY Change 193.89% 227.26%
Total Long-Term Liabilities $253.7M $239.2M
YoY Change 195.59% 219.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.13M $21.56M
Total Long-Term Liabilities $253.7M $239.2M
Total Liabilities $286.8M $260.8M
YoY Change 157.78% 182.58%
SHAREHOLDERS EQUITY
Retained Earnings -$99.71M -$45.64M
YoY Change 374.38% 260.38%
Common Stock $394.00 $368.00
YoY Change 42.75% 38.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.497M $21.48M
YoY Change
Total Liabilities & Shareholders Equity $283.3M $282.3M
YoY Change 162.4% 190.75%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$54.07M $4.935M
YoY Change 547.56% -253.37%
Depreciation, Depletion And Amortization $29.91K $30.00K
YoY Change 200.0%
Cash From Operating Activities -$11.27M -$2.810M
YoY Change 137.71% -77.41%
INVESTING ACTIVITIES
Capital Expenditures -$76.82K $520.0K
YoY Change -151.21% 1200.0%
Acquisitions
YoY Change
Other Investing Activities -$1.941M $0.00
YoY Change -25.62% -100.0%
Cash From Investing Activities -$1.865M -$520.0K
YoY Change -32.44% 477.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.979M 4.360M
YoY Change 7.97% -68.22%
NET CHANGE
Cash From Operating Activities -11.27M -2.810M
Cash From Investing Activities -1.865M -520.0K
Cash From Financing Activities 7.979M 4.360M
Net Change In Cash -5.154M 1.030M
YoY Change 4585.05% -13.45%
FREE CASH FLOW
Cash From Operating Activities -$11.27M -$2.810M
Capital Expenditures -$76.82K $520.0K
Free Cash Flow -$11.19M -$3.330M
YoY Change 128.85% -73.32%

Facts In Submission

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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45433166 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24092231 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35895801 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22251412 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3292124 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-2780534 usd
CY2023Q1 luxh Noncash Stock Compensation Expenses
NoncashStockCompensationExpenses
429996 usd
CY2023Q1 luxh Noncash Stock Option Expense
NoncashStockOptionExpense
167573 usd
CY2023Q1 luxh Noncash Issuance Of Shares For Operating Expense
NoncashIssuanceOfSharesForOperatingExpense
884816 usd
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
2700000 usd
CY2023Q1 luxh Warrant Exercise
WarrantExercise
400000 usd
CY2023Q1 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
58579 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-1431694 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-26774661 usd
CY2023Q2 luxh Noncash Stock Option Expense
NoncashStockOptionExpense
204814 usd
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
4989630 usd
CY2023Q2 luxh Noncash Issuance Of Shares For Operating Expense
NoncashIssuanceOfSharesForOperatingExpense
784313 usd
CY2023Q2 luxh Warrant Exercise
WarrantExercise
4912502 usd
CY2023Q2 luxh Issuance Of Shares To Satisfy Loans
IssuanceOfSharesToSatisfyLoans
158000 usd
CY2023Q2 luxh Issuance Of Shares For Deferred Compensation
IssuanceOfSharesForDeferredCompensation
467216 usd
CY2023Q2 luxh Issuance Of Shares For Revenue Share Agreements
IssuanceOfSharesForRevenueShareAgreements
1704549 usd
CY2023Q2 luxh Termination Of Revenue Share Agreement Adjustment
TerminationOfRevenueShareAgreementAdjustment
28174148 usd
CY2023Q2 luxh Modification Of Warrants
ModificationOfWarrants
259075 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
13447892 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
4934800 usd
CY2023Q3 luxh Noncash Stock Option Expense
NoncashStockOptionExpense
146707 usd
CY2023Q3 luxh Issuance Of Shares For Operating Expenses And Settlements
IssuanceOfSharesForOperatingExpensesAndSettlements
334081 usd
CY2023Q3 luxh Issuance Of Shares For Director Compensation
IssuanceOfSharesForDirectorCompensation
260846 usd
CY2023Q3 luxh Warrant Exercise
WarrantExercise
2354001 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
21478327 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-11214050 usd
CY2022Q1 luxh Cumulative Effects Of Changes In Accounting Principle
CumulativeEffectsOfChangesInAccountingPrinciple
-414373 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1419433 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-10208990 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
762409 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-9446581 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-3217562 usd
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
2830126 usd
CY2022Q3 luxh Sale Of Commons Stock Net Of Related Costs
SaleOfCommonsStockNetOfRelatedCosts
10198548 usd
CY2022Q3 luxh Warrant Expense
WarrantExpense
3480725 usd
CY2022Q3 luxh Stock Compensation Expense
StockCompensationExpense
358286 usd
CY2022Q3 luxh Post Ipo Warrant
PostIpoWarrant
591353 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
4794895 usd
us-gaap Net Income Loss
NetIncomeLoss
-24620395 usd
us-gaap Net Income Loss
NetIncomeLoss
-1035720 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1158058 usd
us-gaap Share Based Compensation
ShareBasedCompensation
151741 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
519094 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
206545 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
59075 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5020 usd
luxh Shares Issued For Operating Expenses
SharesIssuedForOperatingExpenses
2003210 usd
luxh Noncash Lease Expense
NoncashLeaseExpense
23695139 usd
luxh Noncash Lease Expense
NoncashLeaseExpense
1191431 usd
luxh Gain On Sale Of Treasury Bills
GainOnSaleOfTreasuryBills
-31014 usd
luxh Issuance Of Shares For Revenue Share Agreement
IssuanceOfSharesForRevenueShareAgreement
-1704549 usd
luxh Termination Of Revenue Share Agreement
TerminationOfRevenueShareAgreement
-28174148 usd
luxh Modification Of Warrant
ModificationOfWarrant
259075 usd
luxh Noncash Financing Charges Associated With Short Term Business Financing
NoncashFinancingChargesAssociatedWithShortTermBusinessFinancing
325290 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-58579 usd
luxh Loan Forgiveness Sba Ppp Loan
LoanForgivenessSbaPppLoan
516225 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
3480725 usd
luxh Increase In Processor Retained Funds
IncreaseInProcessorRetainedFunds
-804991 usd
luxh Increase In Processor Retained Funds
IncreaseInProcessorRetainedFunds
7309323 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
12868602 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3791886 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1265751 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-9402784 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-4416722 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1425308 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-555427 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-17485034 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2942616 usd
luxh Increase Decrease In Rents Received In Advance
IncreaseDecreaseInRentsReceivedInAdvance
982946 usd
luxh Increase Decrease In Rents Received In Advance
IncreaseDecreaseInRentsReceivedInAdvance
-539951 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
15702 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7014551 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13546273 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
921414 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44300 usd
luxh Payments To Acquire Treasury Bills
PaymentsToAcquireTreasuryBills
-2692396 usd
luxh Payments To Acquire Treasury Bills
PaymentsToAcquireTreasuryBills
50658 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1770982 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94958 usd
luxh Payment Of Deferred Offering Costs Net
PaymentOfDeferredOfferingCostsNet
13702 usd
luxh Payment Of Deferred Offering Costs Net
PaymentOfDeferredOfferingCostsNet
-771954 usd
luxh Repayments Of Short Term Business Financing Net
RepaymentsOfShortTermBusinessFinancingNet
16107 usd
luxh Repayments Of Short Term Business Financing Net
RepaymentsOfShortTermBusinessFinancingNet
1061481 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
7666503 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
48955 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10198548 usd
luxh Proceeds From Development Incentive Advances
ProceedsFromDevelopmentIncentiveAdvances
-1594557 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-265504 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
4964200 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8965747 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14824266 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3722178 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1183035 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5898580 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2290033 usd
CY2023Q3 us-gaap Cash
Cash
4798580 usd
CY2022Q3 us-gaap Cash
Cash
1190033 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zBYbPNDJZf69" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top; border-collapse: collapse"> <td style="width: 0.25in"></td> <td style="width: 0.25in">c.</td> <td style="text-align: justify"><b><i><span id="xdx_867_zcnSTdJilUG5">Use of Estimates</span> </i></b><span style="font-family: Symbol">-</span> 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>
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
1100000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1100000 usd
luxh Cash And Cash Equivalent And Restricted Cash
CashAndCashEquivalentAndRestrictedCash
5898580 usd
luxh Cash And Cash Equivalent And Restricted Cash
CashAndCashEquivalentAndRestrictedCash
2290033 usd
us-gaap Interest Paid Net
InterestPaidNet
5179748 usd
us-gaap Interest Paid Net
InterestPaidNet
1444428 usd
luxh Acquisition Of New Operating Lease Rightofuse Assets
AcquisitionOfNewOperatingLeaseRightofuseAssets
155045761 usd
luxh Conversion Or Repayment Of Debt To Common Stock And Additional Paidin Capital
ConversionOrRepaymentOfDebtToCommonStockAndAdditionalPaidinCapital
7847630 usd
luxh Conversion Or Repayment Of Debt To Common Stock And Additional Paidin Capital
ConversionOrRepaymentOfDebtToCommonStockAndAdditionalPaidinCapital
3924468 usd
luxh Common Stock Issued In Exchange For Warrants
CommonStockIssuedInExchangeForWarrants
4635245 usd
luxh Accrued Deferred Offering Costs
AccruedDeferredOfferingCosts
350000 usd
CY2023Q3 us-gaap Accrued Rent Current
AccruedRentCurrent
3549450 usd
CY2022Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
2566504 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29884584 usd
CY2022Q1 luxh Cumulative Effect Adjustment Retained Earnings Unamortized Deferred Lease Costs
CumulativeEffectAdjustmentRetainedEarningsUnamortizedDeferredLeaseCosts
414373 usd
CY2023Q3 luxh Shortterm Lease Costs
ShorttermLeaseCosts
-187427 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4798580 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1076402 usd
CY2023Q3 us-gaap Payments For Commissions
PaymentsForCommissions
2020080 usd
us-gaap Payments For Commissions
PaymentsForCommissions
6576221 usd
CY2022Q3 us-gaap Payments For Commissions
PaymentsForCommissions
2148000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
4838000 usd
CY2023Q3 luxh Income Tax Expense Benefits
IncomeTaxExpenseBenefits
1999498 usd
luxh Income Tax Expense Benefits
IncomeTaxExpenseBenefits
15702 usd
CY2022Q3 luxh Income Tax Expense Benefits
IncomeTaxExpenseBenefits
750000 usd
luxh Income Tax Expense Benefits
IncomeTaxExpenseBenefits
0 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
23695139 usd
CY2023Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
820610 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
229371 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
870923 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4934800 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24620395 usd
luxh Noncash Financing Costs
NoncashFinancingCosts
30227289 usd
CY2023Q3 luxh Working Capital
WorkingCapital
6567469 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
36304289 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7370890 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
230432166 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
83325075 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6434704 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4293085 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
232801915 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
81626338 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34125923 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35217282 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36216351 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
33228390 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
33419423 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
347749070 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
519956439 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
280719820 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
239236619 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6434704 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
232801915 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.117 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y2M12D
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
9942873 usd
luxh Shortterm Lease Costs
ShorttermLeaseCosts
561229 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
9755446 usd
us-gaap Lease Cost
LeaseCost
24256368 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7677799 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
6252492 usd
CY2023Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
621576 usd
CY2023Q3 luxh Legal Exposure
LegalExposure
1414000 usd
CY2023Q3 luxh Tax Exposure
TaxExposure
1145730 usd
CY2023Q3 luxh Accounts Payable And Accrued Liabilities Rent Payable Current
AccountsPayableAndAccruedLiabilitiesRentPayableCurrent
748500 usd
CY2023Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
456000 usd
CY2023Q3 luxh Accounts Payable And Accrued Liabilities Credit Card Payable Current
AccountsPayableAndAccruedLiabilitiesCreditCardPayableCurrent
105000 usd
CY2023Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
739000 usd
CY2023Q3 luxh Utilities
Utilities
1423000 usd
CY2023Q3 luxh Repairs And Maintenance
RepairsAndMaintenance
189000 usd
CY2023Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
119000 usd
CY2023Q3 luxh Cleaning Expense
CleaningExpense
412000 usd
CY2023Q3 luxh Payables Paid By Related Parties
PayablesPaidByRelatedParties
276000 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
29000 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
CY2023Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
15702 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 usd
luxh Accounts Payable Description
AccountsPayableDescription
Of the legal amounts accrued, the company believes the accrual best estimates the most likely outcomes of these matters however the range of outcomes could be between $1,250,000–$1,750,000.
CY2023Q3 luxh Loans Payable Sba Ppp Loan Maturity Year One
LoansPayableSbaPppLoanMaturityYearOne
276658 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
17160 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
15248 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15830 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16434 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
17061 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
708814 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
790547 usd
CY2023Q3 luxh Unamortized Costs For Merchant Cash Advances
UnamortizedCostsForMerchantCashAdvances
2312198 usd
CY2022Q4 luxh Unamortized Costs For Merchant Cash Advances
UnamortizedCostsForMerchantCashAdvances
2003015 usd
CY2023Q3 us-gaap Other Borrowings
OtherBorrowings
36768 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
225929 usd
CY2023Q3 luxh Loans Payable Current Maturities
LoansPayableCurrentMaturities
1196916 usd
CY2022Q4 luxh Loans Payable Current Maturities
LoansPayableCurrentMaturities
7261723 usd
CY2023Q3 luxh Loans Payable Non Current
LoansPayableNonCurrent
541482 usd
CY2022Q4 luxh Loans Payable Non Current
LoansPayableNonCurrent
3401632 usd
CY2023Q3 luxh Loans Payable Maturity Year One
LoansPayableMaturityYearOne
1196916 usd
CY2023Q3 luxh Loans Payable Maturity Year Two
LoansPayableMaturityYearTwo
541482 usd
CY2023Q3 us-gaap Loans Payable
LoansPayable
1738398 usd
CY2022Q4 luxh Loans Payable Related Parties Current
LoansPayableRelatedPartiesCurrent
238000 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2079686 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2079686 usd
CY2023Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-08-17
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
58579 usd
CY2023Q1 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
808000 usd
CY2023Q3 luxh Outstanding Notes Amount
OutstandingNotesAmount
0 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.74
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
94975 usd
CY2022Q4 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
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1250000 usd
CY2023Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
3000000 usd
CY2023Q1 luxh Provided Conversion Shares
ProvidedConversionShares
874474 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
25000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0052 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0470 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3977 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6243 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
-0 pure
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
luxh Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
P9Y9M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
285721 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.03
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1649763 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.63
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y1M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3347983 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
458254 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.87
luxh Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
P9Y
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
819994 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
146707 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
519094 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
206545 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
206545 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1230597 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
285721 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.03
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
458254 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.87
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1191509 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.54
CY2023Q2 luxh Transaction Losses
TransactionLosses
259074 usd
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
luxh Outstanding At Beginning In Years
OutstandingAtBeginningInYears
P4Y9M18D
luxh Class Of Warrant Or Right Number Of Securities Issued
ClassOfWarrantOrRightNumberOfSecuritiesIssued
1500000 shares
luxh Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Issued
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsIssued
2.75
luxh Warrant Exercised
WarrantExercised
-3416250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
2.24
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1102000 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.02
luxh Outstanding At End In Years
OutstandingAtEndInYears
P4Y1M6D
CY2023Q3 luxh Warrants And Rights Outstanding Aggregate Intrinsic Value Outstanding
WarrantsAndRightsOutstandingAggregateIntrinsicValueOutstanding
710520 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1102000 shares
CY2023Q3 luxh Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercisable
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercisable
4.02
luxh Warrants And Rights Outstanding Exercisable Term
WarrantsAndRightsOutstandingExercisableTerm
P4Y1M6D
CY2023Q3 luxh Aggregate Intrinsic Value Exercisable
AggregateIntrinsicValueExercisable
710520 usd
luxh Warrant Exercised
WarrantExercised
-3416250 shares
CY2023Q3 us-gaap Interest Expense
InterestExpense
28174148 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36179 shares
CY2023Q3 luxh Development Incentive Advances
DevelopmentIncentiveAdvances
1594558 usd
CY2023Q3 luxh Development Incentive Advances Current
DevelopmentIncentiveAdvancesCurrent
81057 usd
CY2023Q3 luxh Development Incentive Advances Long Term Liabilities
DevelopmentIncentiveAdvancesLongTermLiabilities
1513501 usd
us-gaap Initial Franchise Fees
InitialFranchiseFees
366817 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18341 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
348476 usd
CY2023Q3 luxh Issuance Of Shares For Operating Expenses
IssuanceOfSharesForOperatingExpenses
334081 usd
CY2023Q2 luxh Issuance Of Shares For Deferred Compensations
IssuanceOfSharesForDeferredCompensations
467217 usd
CY2023Q2 luxh Issuance Of Shares For Operating Expenses
IssuanceOfSharesForOperatingExpenses
784314 usd
CY2023Q1 luxh Issuance Of Shares For Operating Expenses
IssuanceOfSharesForOperatingExpenses
884812 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3161267 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
181980 usd
CY2023Q3 luxh Trigger Price
TriggerPrice
5.00
CY2023Q3 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
8000000 usd

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luxurbanhotels_10q.htm Edgar Link pending
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