Revenue |
|
|
For the Year Ended December 31,
|
|
|
|
2023
|
|
|
2022
|
|
|
2021 |
|
Revenue from contracts with customers
|
|
$
|
284,890,018
|
|
|
$
|
4,392,585
|
|
|
$
|
-
|
|
Revenue for administrative services with related parties
|
|
|
1,761,896
|
|
|
|
2,038,437
|
|
|
|
1,529,063
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
286,651,914 |
|
|
$
|
6,431,022
|
|
|
$
|
1,529,063
|
|
|
Disaggregation of Revenue from Contracts with Customers |
In the following table, revenue from contracts with customers is disaggregated by primary major products and service lines and timing of
revenue recognition.
|
|
For the year ended
|
|
|
|
December 31,
|
|
|
|
2023
|
|
|
2022
|
|
|
2021 |
|
Major products/service lines
|
|
|
|
|
|
|
|
|
|
Room rentals
|
|
$
|
169,417,278
|
|
|
$
|
1,103,206
|
|
|
$ |
- |
|
Food and beverage
|
|
|
104,813,372
|
|
|
|
2,520,105
|
|
|
|
- |
|
Laundry
|
|
|
4,818,864
|
|
|
|
-
|
|
|
|
- |
|
Private events
|
|
|
-
|
|
|
|
21,120
|
|
|
|
- |
|
Spa services
|
|
|
3,127,449
|
|
|
|
18,600
|
|
|
|
- |
|
Other services
|
|
|
2,713,055
|
|
|
|
729,554
|
|
|
|
- |
|
Total revenue from contracts with customers
|
|
|
284,890,018
|
|
|
|
4,392,585
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative services to related parties
|
|
|
1,761,896
|
|
|
|
2,038,437
|
|
|
|
1,529,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
|
286,651,914
|
|
|
|
6,431,022
|
|
|
|
1,529,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Timing of revenue recognition
|
|
|
|
|
|
|
|
|
|
|
|
|
Services and products transferred at a point in time
|
|
|
117,234,636
|
|
|
|
5,327,816
|
|
|
|
1,529,063 |
|
Services transferred over time
|
|
|
169,417,278
|
|
|
|
1,103,206
|
|
|
|
- |
|
Total revenue from contracts with customers
|
|
$
|
286,651,914
|
|
|
$
|
6,431,022
|
|
|
$ |
1,529,063 |
|
|