International Land Alliance Files 2023 10-K

TL;DR

ILA filed its 2023 10-K, showing preferred stock details and related party info for 2022-2023.

AI Summary

International Land Alliance Inc. filed its 2023 10-K on June 27, 2024, reporting its financial performance for the fiscal year ending December 31, 2023. The company, based in San Diego, CA, operates in the land subdividers and developers sector. The filing details various series of preferred stock, including Series A, B, C, and D, and distinguishes between related and non-related party transactions for the fiscal years 2022 and 2023.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of International Land Alliance Inc.'s financial health and operational activities for the 2023 fiscal year, including details on its capital structure and related party transactions.

Risk Assessment

Risk Level: medium — The filing contains details about preferred stock series and related party transactions, which can indicate complex financial structures and potential conflicts of interest that warrant closer examination.

Key Players & Entities

• International Land Alliance Inc. (company) — Filer of the 10-K
• 2023-12-31 (date) — Fiscal year end
• 2024-06-27 (date) — Filing date
• San Diego, CA (location) — Company business and mailing address
• LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] (industry) — Standard Industrial Classification
• Series B Preferred Stock (financial_instrument) — Mentioned in filing data
• Series C Preferred Stock (financial_instrument) — Mentioned in filing data
• Series A Preferred Stock (financial_instrument) — Mentioned in filing data
• Series D Preferred Stock (financial_instrument) — Mentioned in filing data

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 ILAL OTCMKTS Indicate by check ma
• $0.067 — ately $ 5,766,301 based upon the price $0.067 at which the common stock was last sold
• $1.1 million — 80 acres of land and two structures for $1.1 million. The property includes the main parcel
• $13.5 million — or a total contractual consideration of $13.5 million (see subsequent events in note 13). I
• $706,000 — price at the midpoint of all sales, was $706,000 in February 2022, up 15.4% from Februar
• $94,000 — ebruary 2021. That's a 12-month gain of $94,000, equivalent to a price hike of $1,800 e
• $1,800 — $94,000, equivalent to a price hike of $1,800 every week. Prices hit or tied all-time
• $50,000 — d market includes residents making over $50,000 or a combined household income of $150,
• $150,000 — 0,000 or a combined household income of $150,000. Our target home buyers are typically
• $27.2 million — e Company has an accumulated deficit of $27.2 million as of December 31, 2023, and never oper
• $2.1 million — r the year ended December 31, 2023, was $2.1 million. This loss and deficit may impact the f

Filing Documents

• form10-k.htm (10-K) — 1979KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 8KB
• form10-k_001.jpg (GRAPHIC) — 13KB
• 0001493152-24-025481.txt ( ) — 10273KB
• ilal-20231231.xsd (EX-101.SCH) — 69KB
• ilal-20231231_cal.xml (EX-101.CAL) — 72KB
• ilal-20231231_def.xml (EX-101.DEF) — 407KB
• ilal-20231231_lab.xml (EX-101.LAB) — 570KB
• ilal-20231231_pre.xml (EX-101.PRE) — 499KB
• form10-k_htm.xml (XML) — 1803KB

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 18 Item 1C. Cybersecurity 18 Item 2.

Properties

Properties 18 Item 3.

Legal Proceedings

Legal Proceedings 18 Item 4. Mine Safety Disclosures 18 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19 Item 6.

Selected Financial Data

Selected Financial Data 21 Item 7.

Management's Discussion and Analysis Of Financial Condition and Results of Operation

Management's Discussion and Analysis Of Financial Condition and Results of Operation 22 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 26 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 26 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 27 Item 9A.

Controls and Procedures

Controls and Procedures 27 Item 9B. Other Information 28 PART III Item 10. Directors, Executive Officers and Corporate Governance 28 Item 11.

Executive Compensation

Executive Compensation 31 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 33 Item 13. Certain Relationships and Related Transactions, and Director independence 34 Item 14. Principal Accountant Fees and Services 34 PART IV Item 15. Exhibits; Financial Statement Schedules 34

SIGNATURES

SIGNATURES 35 2 CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this Report includes some statements that are not purely historical and that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking statements as statements containing the words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management's views and assumptions as of the time the statements are made, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following ar

Properties

Properties Our corporate headquarters are located in month-to-month leased office facilities at 350 10th Ave., Suite 1000, San Diego, CA 92101. Employees As of the date of this filing, we have four employees, three of whom are executive officers of the Company. We have and will continue to use independent contractors to assist us in accounting, marketing and selling our products. 7 Item 1A. Risk Factors. An investment in our securities is highly speculative and subject to numerous and substantial risks. Readers are encouraged to review these risks carefully before making any investment decision. In addition to the other information provided in this filing, you should carefully consider the following risk factors in evaluating our business before purchasing any of our common stock. All material risks are discussed in this section. RISKS RELATED TO OUR BUSINESS AND OPERATIONS There is substantial doubt about our ability to continue as a going concern. If we do not continue as a going concern, investors will lose their entire investment. Our consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Our auditor's report reflects that the ability of the Company to continue as a going concern is dependent upon our ability to repay or refinance our obligations, to raise additional capital and, ultimately, the achievement of significant operating revenues. If we are unable to continue as a going concern, stockholders will lose their investment. We will be required to seek additional capital to fund future growth and expansion. No assurance can be given that such financing will be available or, if available, that it will be on commercially favorable terms. Moreover, favorable financing may be dilutive to investors. The Company has an accumulated deficit of $27.2 million as of December 31, 2023, and never operated at a