0001657214 false 0001657214 2023-10-25 2023-10-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): October 25, 2023

 

International Land Alliance, Inc.

(Exact name of registrant as specified in charter)

 

Wyoming

(State or other jurisdiction of incorporation)

 

000-56111   46-3752361

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

350 10th Avenue, Suite 1000

San Diego, CA 92101

(Address of principal executive offices and zip code)

 

(877) 661-4811

(Registrant’s telephone number including area code)

 

N/A

(Former Name and Former Address)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
         

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 8.01. Other Events.

 

On October 19, 2023, Rancho Costa Verde, S.R.L. de C.V., a wholly-owned Mexico subsidiary of International Land Alliance, Inc. (the “Company”) received authorization and issuance of a subdivision approval from the Municipality of San Felipe for its Rancho Costa Verde development in San Felipe, Baja California, also known as, “Rancho Costa Verde Ecological Tourism Development Phase II and III. This is the final performance obligation for roughly 600 residential lots previously sold. The 600 residential lots generated gross sales of over $18M, but had $4,200,000 in deferred revenues due to this final contractual performance obligation, which have now been met. With this subdivision approval and payment of final transfer taxes, the Company can now recognize $4,200,000 in deferred revenues.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits.  
       
    The following exhibits are filed with this Current Report on Form 8-K:

 

Exhibit

Number

   Description
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 25, 2023 INTERNATIONAL LAND ALLIANCE, INC.
     
  By: /s/ Jason Sunstein
  Name: Jason Sunstein
  Title: Chief Financial Officer

 

 

v3.23.3
Cover
Oct. 25, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 25, 2023
Entity File Number 000-56111
Entity Registrant Name International Land Alliance, Inc.
Entity Central Index Key 0001657214
Entity Tax Identification Number 46-3752361
Entity Incorporation, State or Country Code WY
Entity Address, Address Line One 350 10th Avenue
Entity Address, Address Line Two Suite 1000
Entity Address, City or Town San Diego
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92101
City Area Code (877)
Local Phone Number 661-4811
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
International Land Allia... (QB) (USOTC:ILAL)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more International Land Allia... (QB) Charts.
International Land Allia... (QB) (USOTC:ILAL)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more International Land Allia... (QB) Charts.