International Land Alliance Files Q3 2024 10-Q

TL;DR

ILA filed its Q3 10-Q. Shows preferred stock details for Series A, B, C, D as of Sept 30, 2024.

AI Summary

International Land Alliance Inc. filed its 10-Q for the period ending September 30, 2024. The company, based in San Diego, CA, operates in land subdivision and development. Key financial data and preferred stock details for Series A, B, C, and D are reported for the periods ending September 30, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with an update on the financial health and operational status of International Land Alliance Inc. during the third quarter of 2024.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company operates in the real estate development sector which can be subject to market fluctuations.

Key Numbers

• Q3 2024 — Reporting Period (Covers the third quarter of 2024.)
• Series A, B, C, D Preferred Stock — Preferred Stock Series (Details provided for these preferred stock series.)

Key Players & Entities

• International Land Alliance Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of reporting period
• 2023-12-31 (date) — Prior period end date
• San Diego, CA (location) — Company's business address

FAQ

Filing Documents

• form10-q.htm (10-Q) — 2047KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-047029.txt ( ) — 8850KB
• ilal-20240930.xsd (EX-101.SCH) — 57KB
• ilal-20240930_cal.xml (EX-101.CAL) — 66KB
• ilal-20240930_def.xml (EX-101.DEF) — 328KB
• ilal-20240930_lab.xml (EX-101.LAB) — 480KB
• ilal-20240930_pre.xml (EX-101.PRE) — 416KB
• form10-q_htm.xml (XML) — 1454KB

Signatures

Signatures 35 2 PART I — FINANCIAL INFORMATION Item 1. Financial Statements INTERNATIONAL LAND ALLIANCE, INC. CONSOLIDATED BALANCE SHEETS September 30, 2024 (unaudited) December 31, 2023 ASSETS Current assets Cash $ 3,339 $ 140,247 Accounts receivable 1,297,481 1,652,086 Prepaid and other current assets 25,215 16,815 Total current assets 1,326,035 1,809,148 Land 15,776,526 15,551,526 Buildings, net 1,830,344 1,818,825 Furniture and equipment, net - 2,677 Other non-current assets 440,040 53,468 Goodwill 11,118,187 11,118,187 Total assets $ 30,491,132 $ 30,353,831 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 1,931,051 $ 1,431,676 Accounts payable and accrued liabilities related parties 326,947 361,223 Accounts payable and accrued liabilities 326,947 361,223 Deferred revenue - 4,521,222 Accrued interest 1,403,707 1,756,937 Contract liability 142,933 93,382 Deposits 20,500 20,500 Derivative liability 269,593 781,924 Convertible notes, net of debt discounts 474,346 652,077 Convertible note RCVD acquisition - 8,900,000 Promissory notes, net of debt discounts 2,184,762 2,674,762 Promissory notes, net discounts – Related Parties 308,040 104,498 Promissory notes, net discounts 308,040 104,498 Other loans 8,077,351 7,358,600 Total current liabilities 15,139,229 28,656,801 Total liabilities 15,139,229 28,656,801 Commitments and Contingencies (Note 10) - - Preferred Stock Series B (Temporary Equity) 293,500 293,500 Preferred Stock Series C (Temporary Equity) 310,000 310,000 Total Temporary Equity 603,500 603,500 Stockholders' Equity Preferred stock; $ 0.001 par value; 2,000,000 shares authorized; 117,000 and 28,000 Series A shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 117 28 1,000 Series B shares issued and outstanding as of Sept