Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 000-56111

INTERNATIONAL LAND ALLIANCE, INC.

(Exact name of registrant as specified in its charter)

Wyoming		46-3752361
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

350 10th Avenue, Suite 1000, San Diego, California 92101

(Address of principal executive offices) (Zip Code)

(877) 661-4811

(Registrant’s telephone number, including area code)

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large-accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large-accelerated filer”, “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large-accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark 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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of July 8, 2024, the registrant had 86,759,195 shares of common stock, $0.001 par value per share, outstanding.

TABLE OF CONTENTS

Part I. Financial Information	3
Item 1. Consolidated Financial Statements	3
Consolidated Balance Sheets – As of March 31, 2024 (unaudited) and December 31, 2023 (audited)	3
Consolidated Statements of Operations – For the three months ended March 31, 2024, and 2023 (unaudited)	4
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the three months ended March 31, 2024, and 2023 (unaudited)	5
Consolidated Statements of Cash Flows for the three months ended March 31, 2024, and 2023 (unaudited)	7
Notes to Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3. Quantitative and Qualitative Disclosures about Market Risk	36
Item 4. Controls and Procedures	36

Part II. Other Information	37
Item 1. Legal Proceedings	37
Item 1A. Risk Factors	37
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	37
Item 3. Defaults upon Senior Securities	37
Item 4. Mine Safety Disclosures	37
Item 5. Other Information	37
Item 6. Exhibits	37

Signatures	38

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED BALANCE SHEETS

	March 31, 2024			December 31, 2023
ASSETS
Current assets
Cash	$	136,856		$	140,247
Accounts receivable		1,505,712			1,652,086
Prepaid and other current assets		16,815			16,815
Total current assets		1,659,383			1,809,148

Land		15,776,526			15,551,526
Buildings, net		1,802,161			1,818,825
Furniture and equipment, net		2,677			2,677
Other non-current assets		55,767			53,468
Goodwill		11,118,187			11,118,187

Total assets	$	30,414,701		$	30,353,831

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued liabilities	$	1,931,617		$	1,431,676
Accounts payable and accrued liabilities related parties		361,223			361,223
Accounts payable and accrued liabilities		361,223			361,223
Deferred revenue		-			4,521,222
Accrued interest		1,264,035			1,756,937
Contract liability		143,382			93,382
Deposits		20,500			20,500
Derivative liability		804,672			781,924
Convertible notes, net of debt discounts		620,074			652,077
Convertible note RCVD acquisition		-			8,900,000
Promissory notes, net of debt discounts		2,744,762			2,674,762
Promissory notes, net discounts – Related Parties		53,232			104,498
Promissory notes, net discounts		53,232			104,498
Other loans		7,436,657			7,358,600
Total current liabilities		15,380,153			28,656,801

Total liabilities		15,380,153			28,656,801

Commitments and Contingencies (Note 11)		-			-

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 March 31, 2024 and December 31, 2023, respectively		117			28
1,000 Series B shares issued and outstanding as of March 31, 2024 and December 31, 2023		1			1
3,100 Series C shares issued and outstanding as of March 31, 2024 and December 31, 2023		3			3
17,000 Series D shares issued and outstanding as of March 31, 2024 and December 31, 2023		17			17
Preferred stock , value		17			17
Common stock; $0.001 par value; 150,000,000 shares authorized; 85,064,195 and 82,064,195 shares issued and outstanding as of March 31, 2024, respectively, and 79,658,165 and 76,658,165 shares issued and outstanding as of December 31, 2023, respectively		85,064			79,658
Additional paid-in capital		38,190,434			28,476,622
Common stock payable		-			31,939
Treasury stock (3,000,000 shares as of March 31, 2024 and December 31, 2023)		(300,000	)		(300,000	)
Accumulated deficit		(23,544,588	)		(27,194,738	)
Total stockholders’ equity		14,431,048			1,093,530

Total liabilities and stockholders’ equity	$	30,414,701		$	30,353,831

The accompanying notes are an integral part of these unaudited consolidated financial statements.

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	March 31, 2024			March 31, 2023
	For the three months ended
	March 31, 2024			March 31, 2023
Net revenues and lease income	$	5,088,874		$	240,932

Cost of revenues		183,588			3,001

Gross profit		4,905,286			237,931

Operating expenses
Sales and marketing		167,689			260,084
Impairment loss		189,369			245,674
General and administrative expenses		295,001			610,180
Total operating expenses		652,059			1,115,938

Income (loss) from operations		4,253,228			(878,007	)

Other income (expense)
Loss from debt extinguishment		-			(49,329	)
Change in fair value derivative liability		(22,748	)		(397,678	)
Interest expense		(580,329	)		(583,547	)
Total other expense		(603,077	)		(1,030,554	)

Net income (loss)	$	3,650,150		$	(1,908,561	)

Deemed dividend from RCVD acquisition		-			(25,354,976	)

Net income (loss) applicable to common shareholders	$	3,650,150		$	(27,263,537	)

Earnings (loss) per common share - basic and diluted	$	0.05		$	(0.45	)

Weighted average common shares outstanding - basic and diluted		79,308,430			60,159,088

The accompanying notes are an integral part of these unaudited consolidated financial statements.

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

For the Three Months Ended March 31, 2024 and 2023

(unaudited)

Activity for the Three Months Ended March 31, 2024

	Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Payable			Deficit			Equity
	Series A Preferred Stock				Series B Preferred Stock				Series C Preferred Stock				Series D Preferred Stock				Common Stock				Treasury			Additional Paid-in			Common Stock			Accumulated			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Payable			Deficit			Equity

Balance, December 31, 2023		28,000	$	28		1,000	$	1		3,100		3		17,000	$	17		79,658,165	$	79,658	$	(300,000	)	$	28,476,622		$	31,939		$	(27,194,738	)	$	1,093,530
Dividend on Series C Preferred		-		-		-		-		-		-		-		-		94,827		95		-			(95	)		-			-			-
Common shares issued for exercise of warrants		-		-		-		-		-		-		-		-		2,484,832		2,485		-			(2,485	)		-			-			-
Common shares issued pursuant to promissory notes		-		-		-		-		-		-		-		-		50,000		50		-			34,915			(31,939	)		-			3,026
Stock-based compensation		-		-		-		-		-		-		-		-		-		-		-			78,047			-			-			78,047
Common stock issued for consulting services		-		-		-		-		-		-		-		-		1,552,595		1,553		-			99,367			-			-			100,919
Common stock issued from debt conversion		-		-		-		-		-		-		-		-		1,223,776		1,224		-			47,902			-			-			49,126
Series A Preferred shares issued for the conversion of related party debt		89,000		89		-		-		-		-		-		-		-		-		-			9,456,161			-			-			9,456,250
Net income		-		-		-		-		-		-		-		-		-		-		-			-			-			3,650,150			3,650,150
Balance, March 31, 2024		117,000	$	117		1,000	$	1		3,100		3		17,000	$	17		85,064,195	$	85,064	$	(300,000	)	$	38,190,434		$	-		$	(23,544,588	)	$	14,431,048

Activity for the Three Months Ended March 31, 2023

	Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Deficit			Deficit
	Series A Preferred Stock				Series B Preferred Stock				Common Stock				Treasury			Additional Paid-in			Accumulated			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Deficit			Deficit

Balance, December 31, 2022		28,000	$	28		1,000	$	1		43,499,423	$	43,500		-		$	20,233,446		$	(25,121,457	)	$	(4,844,482	)
Balance		28,000	$	28		1,000	$	1		43,499,423	$	43,500		-		$	20,233,446		$	(25,121,457	)	$	(4,844,482	)
Common shares issued from related party acquisition		-		-		-		-		20,000,000		20,000		-			1,780,000			-			1,800,000
Fair value common shares warrants issued from related party acquisition		-		-		-		-		-		-		-			2,674,976			-			2,674,976
Deemed dividend from related party acquisition		-		-		-		-		-		-		-			(24,913,097	)		(441,875	)		(25,354,972	)
Reciprocal interest in business acquisition		-		-		-		-		-				(300,000	)		-			-			(300,000	)
Common stock issued from debt conversion		-		-		-		-		1,077,164		1,077		-			146,728			-			147,805
Common stock issued for consulting services		-		-		-		-		100,000		100		-			14,900			-			15,000
Stock-based compensation		-		-		-		-		-		-		-			78,047			-			78,047
Dividend on Series B Preferred		-		-		-		-		-		-		-			(15,000	)		-			(15,000	)
Dividend on Preferred		-		-		-		-		-		-		-			(15,000	)		-			(15,000	)
Net loss		-		-		-		-		-		-		-			-			(1,908,561	)		(1,908,561	)
Balance, March 31, 2023		28,000	$	28		1,000	$	1		64,676,587	$	64,677	$	(300,000	)	$	-		$	(27,471,893	)	$	(27,707,187	)
Balance		28,000	$	28		1,000	$	1		64,676,587	$	64,677	$	(300,000	)	$	-		$	(27,471,893	)	$	(27,707,187	)

The accompanying notes are an integral part of these unaudited consolidated financial statements.

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	March 31, 2024			March 31, 2023
	For the three months ended
	March 31, 2024			March 31, 2023

Cash Flows from Operating Activities
Net income (loss)	$	3,650,150		$	(1,908,561	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock based compensation		213,931			78,047
Impairment loss		189,369			245,674
Fair value equity securities issued for services		-			15,000
Loss on debt extinguishment		-			49,329
Depreciation and amortization		51,531			29,748
Amortization of debt discount		-			160,830
Excess Fair Value of derivative		-			36,062
Change in fair value of derivative liability		22,748			397,678
Changes in operating assets and liabilities
Accounts Receivable		146,374			31,280
Prepaid and other current assets		-			40,363
Other non-current assets		(282,543	)		(5,070	)
Accounts payable and accrued liabilities		608,001			(15,754	)
Accounts payable and accrued liabilities related parties		-			154,462
Deferred revenue		(4,521,222	)		303,713
Accrued interest		63,348			294,346
Contract liability		50,000			129,830
Net cash provided by operating activities		191,688			36,978

Cash Flows from Investing Activities
Cash acquired from RCVD acquisition		-			321,919
Additional expenditures on land		(259,867	)		(215,266	)
Building and Construction in Progress payments		-			(179,700	)
Net cash used in investing activities		(259,867	)		(73,047	)

Cash Flows from Financing Activities
Common stock, warrants and options sold for cash					-
Cash payments on promissory notes- related parties		(51,267	)		(100,850	)
Cash payments on promissory notes		(5,000	)		(63,058	)
Cash payments on convertible notes		(32,003	)		-
Cash proceeds from convertible notes		-			100,000
Cash proceeds other loans		78,058			23,776
Cash proceeds from promissory notes		75,000			226,220
Net cash provided by financing activities		64,788			186,088

Net (decrease) increase in Cash		(3,392	)		150,019

Cash, beginning of period		140,247			49,374

Cash, end of period	$	136,856		$	199,393

Supplemental disclosure of cash flow information
Cash paid for interest	$	13,456		$	47,285
Cash paid for income tax	$	-		$	-

Non-Cash investing and financing transactions
Dividend on Series B	$	-		$	15,000
Common shares issued with convertible debt	$	49,126		$	-
Series A shares issued for the conversion of related party notes payable	$	9,456,250		$	-
Debt discount from issuance of new promissory notes	$	-		$	104,250
Common shares issued for services	$	213,931			15,000

The accompanying notes are an integral part of these unaudited consolidated financial statements.

INTERNATIONAL LAND ALLIANCE, INC.

Notes to the Consolidated Financial Statements

For the three months ended March 31, 2024

NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN

Nature of Operations

International Land Alliance, Inc. (the “Company”) was incorporated under the laws of the State of Wyoming on September 26, 2013. The Company is a residential land development company with target properties located in the Baja California, Northern region of Mexico and Southern California. The Company’s principal activities are purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the properties infrastructure and amenities, and selling the plots to homebuyers, retirees, investors, and commercial developers.

In May 2021, the Company acquired a 25% investment in Rancho Costa Verde Development LLC (“RCVD”). RCVD is a 1,100-acre master planned second home, retirement home and vacation home real estate community located on the east coast of Baja California. RCV is a self-sustained solar powered green community that takes advantage of the advances in solar and other green technology. On January 3, 2023, the Company completed the acquisition of the remaining 75% interest in RCVD for a contractual price of $13.5 million, paid through a combination of a promissory note, common stock and common stock purchase warrants. As a result of the transaction, RCVD became a wholly owned subsidiary of the Company. The transaction was accounted for as a business acquisition pursuant to ASC 805 Business Combinations.

Certain information and note disclosures included in the financial statements prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP” or “GAAP”) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. For further information, refer to the audited financial statements and notes for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K filed with the SEC on June 27, 2024.

Liquidity and Going Concern

The accompanying consolidated unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the consolidated financial statements were available to be issued and determined that substantial doubt exists about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on the Company’s ability to generate revenues and raise capital. The Company has faced significant liquidity shortages as shown in the accompanying financial statements. As of March 31, 2024, the Company’s current liabilities exceeded its current assets by approximately $13.7 million. The Company has recorded net income of $3.65 million for the three months ended March 31, 2024 and has an accumulated deficit of approximately $23.5 million as of March 31, 2024. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company continues to raise additional capital through the issuance of debt instruments and equity to fund its ongoing operations, which may have the effect of potentially diluting the holdings of existing shareholders.

Management anticipates that the Company’s capital resources will significantly improve if its plots of land gain wider market recognition and acceptance resulting in increased plot sales and house construction. If the Company is not successful with its marketing efforts to increase sales, the Company will continue to experience a shortfall in cash, and it will be necessary to obtain funds through equity or debt financing in sufficient amounts or to further reduce its operating expenses in a manner to avoid the need to curtail its future operations subsequent to March 31, 2024. The direct impact of these conditions is not fully known.

However, there can be no assurance that the Company would be able to secure additional funds if needed and that if such funds were available on commercially reasonable terms or in the necessary amounts, and whether the terms or conditions would be acceptable to the Company. In such case, the reduction in operating expenses might need to be substantial in order for the Company to generate positive cash flow to sustain the operations of the Company. (See Note 13 regarding subsequent events).

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company maintains its accounting records on an accrual basis in accordance with GAAP. These consolidated financial statements are presented in United States dollars. The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, ILA Fund I, LLC (the “ILA Fund”), a company incorporated in the State of Wyoming, International Land Alliance, S.A. de C.V., a company incorporated in Mexico (“ILA Mexico”), and Emerald Grove Estates LLC, incorporated in the State of California, Plaza Bajamar, LLC, incorporated in State of Wyoming, Plaza Valle Divino, LLC, incorporated in the State of Wyoming and Rancho Costa Verde Development, LLC incorporated in State of Nevada.

ILA Fund includes cash as its only assets with minimal expenses as of March 31, 2024. The sole purpose of this entity is strategic funding for the operations of the Company. ILA Mexico has plots held for sale for the Oasis Park Resort, no liabilities, and minimal expenses as of March 31, 2024. As of March 31, 2024, Emerald Grove Estates LLC, Plaza Bajamar LLC, and Plaza Valle Divino LLC have no operations. All intercompany balances and transactions are eliminated in consolidation.

The Company’s consolidated subsidiaries and/or entities were as follows:

Name of Consolidated Subsidiary or Entity	State or Other Jurisdiction of Incorporation or Organization	Attributable Interest
ILA Fund I, LLC	Wyoming		100	%
International Land Alliance, S.A. de C.V. (ILA Mexico)	Mexico		100	%
Emerald Grove Estates, LLC	California		100	%
Oasis Park Resort LLC	Wyoming		100	%
Plaza Bajamar LLC	Wyoming		100	%
Plaza Valle Divino, LLC	Wyoming		100	%
Rancho Costa Verde Development, LLC	Nevada		100	%

On January 1, 2023, the Company executed a securities purchase agreement pursuant to which the Company acquired all of the issued and outstanding units of Rancho Costa Verde Development, LLC. for a total contractual consideration of $13,500,000, paid through a combination of a promissory note, common stock and common stock purchase warrants.

Reclassification

Certain numbers from 2023 have been reclassified to conform with the current year presentation.

Investments - Equity Method

The Company accounts for equity method investments at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investments for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. On January 3, 2023, the Company acquired a controlling financial interest in its previous equity method investment, which resulted in the consolidation pursuant to ASC 805 Business Combinations of such entity on the effective date.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management regularly evaluates estimates and assumptions related to the valuation of assets and liabilities. Management bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from management’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates include:

■

Liability for legal contingencies.

	■	Useful life of buildings.
	■	Assumptions used in valuing equity instruments.
	■	Deferred income taxes and related valuation allowances.
	■	Going concern.
	■	Assessment of long-lived assets for impairment.
	■	Significant influence or control over the Company’s investee.
	■	Revenue recognition.

Segment Reporting

The Company operates as one reportable segment under ASC 280, Segment Reporting. The Chief Operating Decision Maker (“CODM”) regularly reviews the financial information of the Company at a consolidated level in deciding how to allocate resources and in assessing performances.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2024, and December 31, 2023, respectively.

Fair Value of Financial Instruments and Fair Value Measurements

Accounting Standards Codification (“ASC”) 820 Fair Value Measurements and Disclosures, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1: uses quoted market prices in active markets for identical assets or liabilities.

Level 2: uses observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: uses unobservable inputs that are not corroborated by market data.

As defined by ASC 820, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale, which was further clarified as the price that would be received to sell an asset or paid to transfer a liability (“an exit price”) in an orderly transaction between market participants at the measurement date.

The reported fair values for financial instruments that use Level 2 and Level 3 inputs to determine fair value are based on a variety of factors and assumptions. Accordingly, certain fair values may not represent actual values of the Company’s financial instruments that could have been realized as of any balance sheet dates presented or that will be recognized in the future, and do not include expenses that could be incurred in an actual settlement.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts receivable, prepaid, and other current assets, accounts payable and accrued liabilities, contracts liability, deposits, promissory notes, net of debt discounts and promissory notes related party, deferred revenue, other notes approximate fair value due to their relatively short maturities. Equity-method investment is recorded at cost, which approximates its fair value since the consideration transferred includes cash and a non-monetary transaction, in the form of the Company’s common stock, which was valued based on a combination of a market and asset approach.

The fair value of the Company’s recorded derivative liability is determined based on unobservable inputs that are not corroborated by market data, which require a Level 3 classification. A Black-Sholes option valuation model was used to determine the fair value. The Company records derivative liability on the consolidated balance sheets at fair value with changes in fair value recorded in the consolidated statements of operation.

The following table presents balances of the liabilities with significant unobservable inputs (Level 3) as of March 31, 2024:

	Fair Value Measurements at March 31, 2024 Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total

Derivative liability	$	-	$	-	$	804,672	$	804,672
Total	$	-	$	-	$	804,672	$	804,672

The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three months ended March 31, 2024:

	Derivative
	Liability
Balance December 31, 2023	$	781,924

Change in estimated fair value		22,748
Balance March 31, 2024	$	804,672

Derivative Liability

As of March 31, 2024, the Company has variable rate convertible promissory notes, which contained variable conversion rates based on unknown future prices of the Company’s common stock. This resulted in the recognition of a derivative liability as the conversion feature failed the scope exception for derivative accounting due to the variability of its conversion price. The Company measures the derivative liability using the Black-Scholes option valuation model using the following assumptions:

SCHEDULE OF DERIVATIVE LIABILITY

	For the Three Months Ending March 31,
	2024	2023

Expected term	1 month – 1 year	1 month – 1 year
Exercise price	$0.03 - $0.13	$0.05 - $0.10
Expected volatility	176% - 232 %	139% - 163%
Expected dividends	None	None
Risk-free interest rate	5.03% - 5.55 %	4.74% - 5.09%
Forfeitures	None	None

The assumptions used in determining fair value represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. As a result, if factors change, including changes in the market value of the Company’s common stock, managements’ assessment, or significant fluctuations in the volatility of the trading market for the Company’s common stock, the Company’s fair value estimates could be materially different in the future.

The Company computes the fair value of the derivative liability at each reporting period and the change in the fair value is recorded as non-cash expense or non-cash income. The key component in the value of the derivative liability is the Company’s stock price, which is subject to significant fluctuation and is not under its control, and the assessment of volatility. The resulting effect on net loss is therefore subject to significant fluctuation and will continue to be so until the Company’s variable convertible notes, which the convertible feature is associated with, are converted into common stock or paid in full with cash. Assuming all other fair value inputs remain constant, the Company will record non-cash expense when its stock price increases and non-cash income when its stock price decreases.

Cost Capitalization

The cost of buildings and improvements includes the purchase price of the property, legal fees, and other acquisition costs. Costs directly related to planning, developing, initial leasing and constructing a property are capitalized and classified as Buildings in the consolidated balance sheets. Capitalized development costs include interest, property taxes, insurance, and other direct project costs incurred during the period of development are also capitalized.

A variety of costs are incurred in the acquisition, development, and leasing of properties. After determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project is substantially complete, and capitalization must cease involves a degree of judgment. Our capitalization policy on development properties is guided by ASC 835-20 Interest – Capitalization of Interest and ASC 970 Real Estate - General. The costs of land and buildings under development include specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a construction project as substantially completed and held available for occupancy or sale upon the receipt of certificates of occupancy, but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1) substantially completed and (2) occupied or held available for occupancy, and we capitalize only those costs associated with the portion under construction.

Land Held for Sale

The Company considers properties to be assets held for sale when (1) management commits to a plan to sell the property; (2) the property is available for immediate sale in its present condition and (3) the property is actively being marketed for sale at a price that is reasonable given our estimate of current market value. Upon designation of a property as an asset held for sale, we record the property’s value at the lower of its’ carrying value or its estimated net realizable value.

Land and Buildings

Land and buildings are stated at cost. Depreciation is provided by the use of the straight-line and accelerated methods for financial and tax reporting purposes, respectively, over the estimated useful lives of the assets. Buildings will have an estimated useful life of 20 years. Land is an indefinite-lived asset that is stated at fair value at date of acquisition.

Construction in progress (“CIP”)

A CIP asset reflects the cost of construction work undertaken, but not yet completed on land not currently owned by the Company. For construction in progress assets, no depreciation is recorded until the asset is placed in service. When construction is completed, the assets should be reclassified as building, building improvement, infrastructure or land improvement and should be capitalized and depreciated. The land is currently owned by companies controlled by our Chief Executive Officer. The Company fully impaired the construction in progress on land currently owned by the Companies controlled by our Chief Executive Officer due to the uncertainty in title transfer as of March 31, 2024.

Fixed Assets

Fixed assets are stated at cost, less accumulated depreciation, and amortization. Depreciation is computed using the double declining balance method over the estimated useful lives of the respective assets:

Classification		Life
Buildings		20 years
Furniture and equipment		5 years

Revenue Recognition

The Company determines revenue recognition pursuant to Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, through the following steps:

	■	Identification of the contract, or contracts, with a customer.
	■	Identification of the performance obligations in the agreement(s) for the sale of plots or house construction.
	■	Determination of the transaction price.
	■	Allocation of the transaction price to the performance obligation(s) in the contract.
	■	Recognition of revenue when, or as the Company satisfies a performance obligation.

Revenue is measured based on considerations specified in the agreements with our customers. A contract exists when it becomes a legally enforceable agreement with a customer. The contract is based on either the acceptance of standard terms and conditions as stated in our agreement of plot sales or house construction with customers. These contracts define each party’s rights, payment terms and other contractual terms and conditions of the sale. The transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. The transaction price is determined based on the consideration which we will expect to receive in exchange for execution of the performance obligation(s).

The Company applies judgment in determining the customer’s ability and intention to pay the consideration to which the Company is entitled to. A performance obligation is a promise in a contract or agreement to transfer a distinct product or item to the customer. Performance obligations promised in a contract are identified based on the property that will be transferred to the customer that are both capable of being distinct and are distinct in the context of the contract, whereby the transfer of the property is separately identifiable from other promises in the contract. Management considers the retention of title as merely a protective right, which would not disallow revenue recognition for the full consideration to which the Company is entitled upon the execution of a contract for deed.

Currently, upon execution of each contract for deed, the Company has not developed sufficient controls and procedures to provide reasonable assurance that collection of the consideration, which the Company is entitled to, is probable. In addition, the title of the land for the various projects (Bajamar and Divino) is held by an entity that is controlled by the Company’s Chief Executive Officer.

The Company’s principal activities in the real estate development industry which it generates its revenues from are the sale of developed and undeveloped land and house construction.

Rancho Costa Verde Development or RCVD generates revenue from the following sources: (1) lot sales, (2) home construction calculated as a set percentage of builders’ costs, (3) administrative income for loan servicing, (4) interest income resulting from monthly payments from financed loans made to customers on lot sales, (5) resale income as commission for selling homes for owners that have purchased lots at RCVD and (6) utilities revenue from waste water systems and solar systems.

The Company identified the following performance obligations related to the operations of RCVD: (1) subdivision of the developer parcel, (ii) casita free week for each customer allowing them to enjoy a free week to a casita per year. The Company determined that there was a significant financing component in most arrangements with customers, which results in the recognition of interest income.

The Company recognized $5,088,874 and $240,932, respectively, of net revenue during the three months ended March 31, 2024.

Advertising costs

The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $167,589 and $260,084 for the three months ended March 31, 2024 and 2023, respectively.

Debt issuance costs and debt discounts

Debt issuance costs and debt discounts are being amortized over the term of the related financings on a straight-line approach, which approximates the effective interest method. Costs and discounts are presented as a reduction of the related debt in the accompanying consolidated balance sheets.

Stock-Based Compensation

The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, based on weighted average assumptions. Expected volatility is based on historical volatility of our common stock. The Company has elected to use the simplified method described in the Securities and Exchange Commission Staff Accounting Bulletin Topic 14C to estimate the expected term of employee stock options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The value of stock awards is determined using the fair value of the Company’s common stock on the date of grant. The Company accounts for forfeitures as they occur. Any compensation cost previously recognized for an unvested award that is forfeited because of a failure to satisfy a service condition is reversed in the period of the forfeiture. Compensation expense is recognized on a straight-line basis over the requisite service period of the award. Stock-based compensation includes the fair value of options, warrants and restricted stocks issued to employees, directors, and non-employees.

Income Taxes

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Management makes estimates and judgments about our future taxable income that are based on assumptions that are consistent with our plans and estimates. Should the actual amounts differ from our estimates, the amount of our valuation allowance could be materially impacted. Any adjustment to the deferred tax asset valuation allowance would be recorded in the income statement for the periods in which the adjustment is determined to be required. Management does not believe that it has taken any positions that would require the recording of any additional tax liability, nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.

Net Earnings (Loss) Per Share

The Company computes earnings (loss) per share in accordance with ASC 260 – Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the consolidated statements of operations. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible notes payable using the if-converted method. Diluted EPS excludes all dilutive potential shares if their effect is antidilutive. During periods of net loss, all common stock equivalents are excluded from the diluted EPS calculation because they are antidilutive.

Securities that are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been antidilutive are:

SCHEDULE OF POTENTIALLY DILUTIVE SHARES

	For the three months ended March 31, 2024		For the three months ended March 31, 2023

Options		6,000,000		6,000,000
Warrants		38,107,500		36,867,500
Total potentially dilutive shares		44,107,500		42,867,500

Concentration of Credit Risk

The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through March 31, 2024.

Impairment of Long-lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. If impairment is indicated, the asset is written down to its estimated fair value. The Company fully impaired its long-lived assets due to the uncertainty in title transfer of the land not currently owned by the Company and the estimated fair value of its construction in progress during the three months ended March 31, 2024.

Accounts Receivable

The Company uses the specific identification method for recording the provision for doubtful accounts, which was $0 at December 31, 2023 and 2022. Account receivables are written off when all collection attempts have failed.

Convertible Promissory Note

The Company accounts for convertible promissory notes in accordance with ASC 470-20, Debt with Conversion and Other Options. The Company evaluates embedded conversion features within convertible debt to determine whether the embedded conversion feature should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in the Income Statement. If the conversion feature does not require recognition of a bifurcated derivative, the convertible debt instrument is evaluated for consideration of any beneficial conversion feature (“BCF”) requiring separate recognition. When the Company records a BCF, the intrinsic value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument with an offset to additional paid-in capital and amortized to interest expense over the life of the debt using the effective interest method.

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU No. 2020-06 (“ASU 2020-06”) “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” ASU 2020-06 simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. In addition, ASU 2020-06 amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. The Amendments also affects the diluted EPS calculation for instruments that may be settled in cash or shares and for convertible instruments. The amendments are effective for public entities excluding smaller reporting companies for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods. Management has evaluated this update and has concluded it will not have a material impact on its financial statements.

The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s consolidated financial statements.

NOTE 3 – ASSET PURCHASE AND TITLE TRANSFER

Emerald Grove Asset Purchase

On July 30, 2018, Jason Sunstein, the Chief Financial Officer, entered into a Residential Purchase Agreement) to acquire real property located in Hemet, California, which included approximately 80 acres of land and a structure for $1.1 million from an unrelated seller. The property includes the main parcel of land with an existing structure along with three additional parcels of land which are vacant plots to be used for the purpose of development “vacant plots”. The purpose of the transaction was as an investment in real property to be assigned to the Company subsequent to acquisition. The property was acquired by Mr. Sunstein since it was required that the seller transfer the property for consideration to an individual versus a separate legal entity. On March 18, 2019, Mr. Sunstein assigned the deed of the property to the Company. The total of the consideration plus acquisition costs assets of $1,122,050 was allocated to land and building in the following amounts: $271,225 – Land; $850,825 – Building.

The land is an indefinite long-lived asset that was assessed for impairment as a grouped asset with the building on a periodic basis. The Company completed the refinancing of its existing first and second mortgage loans on the 80 acres of land and existing structure of its Emerald Grove property for aggregate principal amount of $1,787,000, which provided a net funding of approximately $387,000 during the first fiscal quarter of 2021.

Oasis Park Title Transfer

On June 18, 2019, Baja Residents Club SA de CV (“BRC”), a related party with common ownership and control by our CEO, Robert Valdes, transferred title to the Company for the Oasis Park property which was part of a previously held land project consisting of 497 acres to be acquired and developed into Oasis Park resort near San Felipe, Baja. ILA recorded the property held for sale on its balance sheet in the amount of $670,000 and accordingly reduced the value as plots are sold. As of September 30, 2022, the Company reported a balance for assets held for sale of $647,399.

The Company transferred title to individual plots of land to the investors since the Company received this approval of change in transfer of title to ILA.

During the three months ended March 31, 2024, the Company did not enter into any new contract to sell plots of land.

On September 29, 2021, the Company entered into a house construction contract for total consideration of $99,000, of which $43,967 was funded as of December 31, 2023, and presented under Contract Liability in the consolidated balance sheets. The Company has not received any payments during the three months ended March 31, 2024.

During the year ended December 31, 2021, the Company sold three (3) lots to an affiliate of a related party of the Company for a total purchase price of $120,000, of which $61,440 was funded as of December 31, 2023. The Company has not received any payments during the three months ended March 31, 2024.

The remaining unpaid amount owed to the Company was $58,560 as of March 31, 2024, and December 31, 2023.

NOTE 4 – LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS

Land, buildings, net and construction in process as of March 31, 2024, and December 31, 2023:

SCHEDULE OF LAND AND BUILDING

	Useful life	March 31, 2024			December 31, 2023
Land – Emerald Grove		$	203,419		$	203,419

Land – Rancho Costa Verde Development		$	15,573,107		$	15,348,107

Furniture & equipment, net	5 years	$	2,677		$	2,677

Building	20 years		2,626,288			2,591,421
Less: Accumulated depreciation			(824,127	)		(772,596	)

Building, net		$	1,802,161		$	1,818,825

Depreciation expense was approximately $51,531 and $29,748 for the three months ended March 31, 2024, and 2023, respectively.

Valle Divino

The Valle Divino is the Company’s premier wine country development project in Ensenada, Baja California. This land project consists of 20 acres to be acquired from Baja Residents Club, a Company controlled by our Chief Executive Officer and developed into Valle Divino resort. The acquisition of title to the land for this project is subject to approval from the Mexican government in Baja, California. The Company broke ground of the Valle Divino development in July 2020 and has commenced site preparation for two model homes including a 1-bedroom and 2- bedroom option. The first Phase of the development includes 187 homes. This development will also have innovative microgrid solutions by our partner to power the model home and amenities.

There was no activity during the three months ended March 31, 2024. The construction contractor is also an entity controlled by our Chief Executive Officer. Construction began during the year ended December 31, 2020. The balance of construction in process for Valle Divino was $0 as of March 31, 2024 and December 31, 2023. The Company fully impaired the accumulated costs related to its Valle Divino project due to the uncertainty pertaining to the title transfer for a total amount of $457,275 during the year ended December 31, 2023.

Plaza Bajamar

The Plaza Bajamar community is an 80-unit development located within the internationally renowned Bajamar Ocean Front Hotel and Golf Resort. The Bajamar Ocean Front Golf Resort is an expertly planned, well-guarded, and gated wine and golf community located 45 minutes South of the San Diego-Tijuana Border along the scenic toll road to Ensenada on the Pacific Ocean.

Phase I will include 22 “Merlot” 1,150 square-foot single-family homes that feature two bedrooms and two baths. The home includes two primary bedroom suites – one on the first floor and one upstairs, as well as fairway and ocean views from a rooftop terrace. The Merlot villas will come with the installation of solar packages construction in mind. Planned amenities include a pool, wellness and fitness center and available office space.

The Company has not yet taken title to this property, which is currently owned by Valdeland, S.A. de C.V. (“Valdeland”), an entity controlled and 100% owned by Roberto Valdes, the Company’s Chief Executive Officer. In September 2019, the Company executed a land purchase agreement with Valdeland, under which the Company is to acquire from Valdeland the Plaza Bajamar property free of liens and encumbrances for a total consideration of $1,000,000.

In November and December 2019, $250,000 was paid to the Company’s Chief Executive Officer, Roberto Valdes, of which $150,000 was used for the construction of two model Villas at our planned Plaza Bajamar development and $100,000 as a down payment towards the acquisition of the land from Valdeland. As of March 31, 2024 and December 31, 2023 the Company has issued 250,000 shares of the Company’s common stock for a total amount of $150,000 reported under Prepaid and other current assets in the consolidated balance sheets towards the purchase of the land. The balance was fully impaired during the year ended December 31, 2022.

Valdeland has completed a two-bedroom model home, an enhanced entrance, and interior roads as well as site preparation for four (4) new homes adjacent to the model home. It has commenced construction on four residential lots following the payment of the required minimum deposits from buyers.

The Company funded the construction by an additional $179,700 during the year ended December 31, 2023. Valdeland is the construction contractor is also an entity controlled and owned by Roberto Valdes.

The balance of construction in process for Plaza Bajamar totaled $0 as of March 31, 2024 and December 31, 2023. During the year ended December 31, 2023, the Company fully impaired the accumulated costs related to Plaza Bajamar, due to the uncertainty pertaining to title transfer for a total amount of $179,700.

Within the “restricted zone,” a foreigner can purchase the beneficial interest in real property through a bank trust or “fideicomiso.” Indeed, a bank trust must be used when acquiring property within the restricted zone. In this bank trust, the buyer of the property is designated as the “fideicomisario” or the beneficiary of the trust. While legal title is held by the bank, (specifically the trustee of the trust or the “fiduciario,”) the trustee must administer the property in accordance with the instructions of the buyer (the beneficiary of the trust). The property is not an asset of the bank, and the trustee is obligated to follow every lawful instruction given by the beneficiary to perform legal action. The Company has not yet established the bank trust, which is anticipated to occur before the end of the fiscal year 2024.

As of March 31, 2024, Valdeland sold six (6) house constructions on residential lots for estimated price of $1.5 million, of which $0.5 million has been paid and collected by the Company and initially presented under contract liability in the consolidated balance sheet. However, the Company offset the balance of construction in process with the contract liability with the net balance written off due to the uncertainty pertaining to the transfer of title.

Rancho Costa Verde Development (“RCVD”)

RCVD is a 1,000 acre, 1,200 lot master planned community in Baja, California, located few miles from the Company’s Oasis Park resort on the sea of Cortez. To date, RCVD has sold over 1,000 residential lots and built 55 single-family homes with approximately 30 under construction. This is in addition to a completed boutique hotel and clubhouse.

NOTE 5 – RELATED PARTY TRANSACTIONS

Chief Executive Officer – Roberto Valdes

Effective January 1, 2020, the Company executed an employment agreement with its Chief Executive Officer.

The Company has not accrued or paid any salary to its Chief Executive Officer for the three months ended March 31, 2024. The balance owed is $66,846 as of March 31, 2024 and December 31, 2023, respectively.

As of March 31, 2024, the Company funded an aggregate amount of $1.4 million for construction on residential lots, projects amenities and towards the acquisition of land to companies controlled by the Company’s Chief Executive Officer. The land for the Plaza Bajamar and Valle Divino is currently owned by two entities controlled by the Chief Executive Officer (Valdeland S.A de C.V. and Valdetierra S.A de C.V) and all parties executed land purchase agreement for each project to transfer title of the land to a bank trust or “fideicomiso”, in which the Company will be named the beneficiary of the trust (“fideicomisario”).

During the year ended December 31, 2023, the Company funded an aggregate amount of approximately $251,000 to the construction companies owned by the Company’s Chief Executive Officer for the two projects in Ensenada, Baja California. The Company has not yet established the bank trust, which is anticipated to occur before the end of the fiscal year 2024. The properties at Valle Divino and Plaza Bajamar have executed promise to purchase agreements between the Company and Roberto Valdes, which require the transfer of titles of the land free of liens and encumbrances to the Company. There can be no assurance as to what and if any profit might have been received by our Chief Operating Officer, in his separate company as a result of these transactions.

On December 1, 2022, the Company issued 465,834 stock options under the 2022 Plan with a strike price of $0.20, vesting 25% on grant date and the remaining 75% monthly over a twelve-month period from grant date with an estimated fair value of approximately $90,188. The Company recognized approximately $16,900 of stock-based compensation related to these stock options during the three months ended March 31, 2024.

Chief Financial Officer – Jason Sunstein

Effective January 1, 2020, the Company executed an employment agreement with its Chief Financial Officer.

The Company has not paid or accrued any salary to its Chief Financial Officer for the three months ended March 31, 2024. The balance owed is $66,846 as of March 31, 2024 and December 31, 2023, respectively.

The Company’s Chief Financial Officer is also the managing member of Six Twenty Management LLC, an entity that has been providing ongoing capital support to the Company (See Note 8).

The Company’s Chief Financial Officer also facilitated the Emerald Grove asset purchase as described in Note 3.

President – Frank Ingrande

In May 2021, the Company executed an employment agreement with its President.

The Company has not accrued or paid any salary to its President for the three months ended March 31, 2024. The balance owed is $66,846 as of March 31, 2024, and December 31, 2023, respectively.

Frank Ingrande was the co-founder and owner of 33% of the Company’s equity-method investee RCVD. During the year ended December 31, 2023, the Company acquired the remaining 75% interest in RCVD, which became the Company’s wholly owned subsidiary as of January 2023 (Note 9).

International Real Estate Development, LLC. (“IRED”)

Frank Ingrande was an owner of 33% of IRED at the time of the 25% initial investment in RCVD in May 2021 and subsequent to this transaction became a shareholder and President of the Company. As of the date the remaining 75% interest was acquired by the Company and as of March 31, 2024 and December 31, 2023, Mr. Ingrande was still the President of the Company and a 33% owner in IRED. As such, any transactions with IRED are deemed to be related party transactions.

On January 1, 2023, the Company issued a convertible promissory note pursuant to the acquisition of RCVD for a total principal of $8,900,000, carrying a 5% coupon and maturing on March 31, 2024. The convertible note is payable in quarterly installment of $2,225,000 starting on March 31, 2023. The convertible note includes a twelve percent (12%) default interest. Although, this convertible promissory note payable is part of the consideration to the business combination in stages (Note 9) which is not deemed a related party transaction, the convertible promissory note payable is with a related party and deemed a related party convertible promissory note payable. During the three months ended March 31, 2024, the Company convertible the entire principal and interest balance of the promissory note into 89,000 Series A Preferred Shares. See Note 7 and Note 9 for additional information related to this convertible promissory note.

NOTE 6 – PROMISSORY NOTES

Promissory notes consisted of the following at March 31 2024 and December 31, 2023:

SCHEDULE OF PROMISSORY NOTES

	March 31, 2024		December 31, 2023

Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Elder note payable, 10% interest, due March 2020 – past maturity		1,500		1,500
Elder note payable, 15% interest, due March 2021- past maturity		76,477		76,477
Griffith note payable, 15% interest, due May 2024		250,000		250,000
Banker note payable, 15% interest, due October 2023 – past maturity		92,500		97,500
Robles note payable, 10% interest, due November 2023 – past maturity		37,500		37,500
Kitchner note payable, 10% interest, due July 2024		75,000		-
Victrix note payable, 20% interest, due March 2024		400,000		400,000
Redwood Trust note payable, 12% interest, due January 2024 – past maturity		1,787,000		1,787,000
Total Notes payable	$	2,744,762	$	2,674,762
Less discounts		-		-

Total Promissory notes, net of discount		2,744,762		2,674,762

Less current portion		(2,744,762)		(2,674,762	)

Total Promissory notes, net of discount - long term	$	-	$	-

Redwood Trust

On January 21, 2021, the Company refinanced its existing first and second mortgage loans on the 80 acres of land and the structure located at Sycamore Road in Hemet, California for aggregate amount of $1,787,000, carrying coupon at twelve (12) percent, payable in monthly interest installments of $17,870 starting on September 1st, 2021, and continuing monthly thereafter until maturity on February 1st, 2023, at which time all sums of principal and interest then remaining unpaid shall be due and payable. The balloon payment promissory note is secured by deed of trust. The refinanced amount paid off the first and second mortgage loans with a net funding to the Company of approximately $387,000, net of finders’ fees. On June 27, 2023, the Company, through Emerald Grove Estates, LLC, its wholly owned company, executed a modification agreement, under which the maturity date was extended to January 1, 2024, and the payment of all unpaid interest, late fees, charges. The Company incurred $254,648 of interest expense and paid $263,377 of interest during the three months ended March 31, 2024. Accrued interest was $649 and $649 as of March 31, 2024 and December 31, 2023, respectively.

Victrix LLC

On December 6, 2023, the Company took out a second financing on its 80 acres of land and the structure located at Sycamore Road in Hemet, California for aggregate amount of $400,000 carrying coupon at twenty (20) percent and continuing monthly thereafter until maturity on March 31, 2024, at which time all sums of principal and interest then remaining unpaid shall be due and payable. The balloon payment promissory note is secured by deed of trust and collateralized by 2,000,000 shares of common stock to be held in escrow until the debt is satisfied in full.

Cash Call, Inc. – In default

On March 19, 2018, the Company issued a promissory note to CashCall, Inc. for $75,000 of cash consideration. The note bears interest at 94%, matures on August 1, 2020. The Company also recorded a $7,500 debt discount due to origination fees due at the beginning of the note, which was fully amortized as of December 31, 2023. There was no activity during the three months ended March 31, 2024.

On August 2, 2022, the Company and Cash Call settled for an aggregate principal of $23,641 payable in one lump sum or a series of 9 installments of $3,152. No payment was made under this settlement agreement.

As of March 31, 2024 and December 31, 2023, the remaining principal balance was $24,785, respectively. The Company has not incurred any interest expense related to this promissory note during the three months ended March 31, 2024 due to the agreed upon settlement amount.

Christopher Elder – In default

On December 15, 2020, the Company entered into a promissory note pursuant to which the Company borrowed $126,477. Interest under the promissory note in default is 18%, and the principal and all accrued but unpaid interest is due on March 15, 2021. The note is in technical default as it is past maturity date and the Company failed to repay the outstanding principal and accrued interest.

There was no activity during the three months ended March 31, 2024. As of March 31, 2024 and December 31, 2023, the remaining principal balance was $76,477, respectively.

The Company incurred approximately $2,868 of interest during the three months ended March 31, 2024. Accrued interest was $37,839 and $34,971 as of March 31, 2024 and December 31, 2023, respectively.

Bobbie Allen Griffith

On September 5, 2023, the Company entered into a promissory note pursuant to which the Company borrowed $215,000. Interest under the promissory note is 15% per annum, and the principal and all accrued but unpaid interest is due on September 8, 2023.

The Company repaid the note in full during the year ended December 31, 2023. During the year ended December 31, 2023, the Company was advanced an additional $250,000 due in May 2024. As of March 31, 2024 and December 31, 2023, the remaining principal balance was $250,000.

The Company incurred approximately $3,875 of interest during the three months ended March 31, 2024, respectively. Accrued interest was $19,375 and $15,500 as of March 31, 2024 and December 31, 2023, respectively.

The Company initially recognized a debt discount and stock payable on this note of $20,777, which was fully amortized as of December 31, 2023.

George Banker – In Default

On August 11, 2023, the Company entered into a promissory note pursuant to which the Company borrowed $150,000. Interest under the promissory note is 15% per annum, and the principal and all accrued but unpaid interest was due on October 11, 2023. The note is in technical default as it is past maturity date and the Company failed to repay the outstanding principal and accrued interest.

Accrued interest was $22,500 as of March 31, 2024 and December 31, 2023, respectively. As of December 31, 2023, the remaining principal balance was $92,500.

The Company initially recognized a debt discount and stock payable on this note of $5,769, which was fully amortized as of December 31, 2023.

George Robles – In Default

On September 1, 2023, the Company entered into a promissory note pursuant to which the Company borrowed $100,000. Interest under the promissory note is 5% per month with a default rate of 10% per month, and the principal and all accrued but unpaid interest was due on November 1, 2023. The note is in technical default as it is past maturity date and the Company failed to repay the outstanding principal and accrued interest.

Accrued interest was $7,500 as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024 and December 31, 2023, respectively, the remaining principal balance was $37,500.

The Company initially recognized a debt discount and stock payable on this note of $5,393, which was fully amortized as of December 31, 2023.

Kitchner

During the three months ended March 31, 2024, the Company entered into a promissory note pursuant to which the Company borrowed $75,000. Interest under the promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due in July 2024.

Accrued interest was $7,500 as of March 31, 2024. As of March 31, 2024, the remaining principal balance was $75,000.

NOTE 7 – CONVERTIBLE NOTES

Convertible notes consisted of the following at March 31, 2024 and December 31, 2023:

SCHEDULE OF CONVERTIBLE NOTES

	March 31, 2024			December 31, 2023

1800 Diagonal convertible note #5, 9% interest, due June 2024		55,000			55,000
1800 Diagonal convertible note #6, 10% interest, due September 2024		35,211			68,511
1800 Diagonal convertible note #7, 10% interest, due September 2024		61,600			61,600
Mast Hill convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
Blue Lake convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
International Real Estate Development, 5% interest, due March 2024		-			8,900,000
Total convertible notes	$	651,811		$	9,585,111
Less discounts		(31,737	)		(33,034	)

Total convertible notes, net of discount		620,074			9,552,077

Less current portion		(620,074	)		(9,552,077	)

Total convertible notes, net of discount - long term	$	-		$	-

Mast Hill Fund, L.P (“Mast note”) - In default

On March 23, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $250,000 for net proceeds of $211,250, net of issuance costs of $13,750 and original issuance discount of $25,000. The interest rate under the convertible promissory note in default is 16%, and the principal and all accrued but unpaid interest are due on March 23, 2023. The note requires eight (8) mandatory monthly installments of $35,000 starting in July 2022.

Additionally, as an incentive to the note holder, the securities purchase agreement also provided for the issuance of 225,000 shares of common stock with fair value of approximately $101,000, which were fully earned at issuance, and 343,750 warrants to purchase an equivalent number of shares of common stock at an exercise price of $0.80 and a term of five years. The note is convertible upon an event of default at the noteholder’s option into shares of our common stock at a fixed conversion price of $0.35, subject to standard anti-dilutive rights and down round protection. The conversion price of the convertible debt and the strike price of the warrants should be adjusted to the new effective conversion price following subsequent dilutive issuances.

During the year ended December 31, 2023, the Company converted approximately $133,096 of interest and default premium into 1,664,857 shares of common stock.

The principal balance owed to Mast Hill Fund was $250,000 as of March 31, 2024 and December 31, 2023. The Company incurred approximately $9,221 of interest during the three months ended March 31, 2024. Accrued interest totaled approximately $18,442 and $9,221, respectively, as of March 31, 2024 and December 31, 2023.

The Company is in default as the Company (i) consummated a variable rate transaction with another lender and (ii) failed to make the required installment payment as required under the terms of the agreement. Upon event of default, the Company is required to pay the outstanding principal plus accrued interest and a default penalty which is equal to 25% of the principal and accrued interest.

As of March 31, 2024 and December 31, 2023, the default penalty was $13,808 and $6,904, respectively. During the three months ended March 31, 2024, the Company recognized an additional $6,904 of default penalty interest.

The Company initially recognized $219,832 of debt discount resulting from the original issue discount, the deferred financing costs, the fair value assigned to the commitment shares and the warrants. The balance of the unamortized debt discount was $0 as of March 31, 2024 and December 31, 2023, respectively.

Blue Lake Partners LLC (“Blue Lake note”) – In default

On March 28, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $250,000 for net proceeds of $211,250, net of issuance costs of $13,750 and original issuance discount of $25,000. The interest rate under the convertible promissory note in default is 16%, and the principal and all accrued but unpaid interest are due on March 28, 2023. The note requires eight (8) mandatory monthly installments of $35,000 starting in July 2022. Additionally, as an incentive to the note holder, the securities purchase agreement provided for the issuance of 225,000 shares of common stock with fair value of approximately $101,000, which were fully earned at issuance, and 343,750 warrants for the purchase of an equivalent number of shares of common stock at an exercise price of $0.80 and a term of five years.

The note is convertible upon an event of default at the noteholder’s option into shares of our common stock at a fixed conversion price of $0.35, subject to standard anti-dilutive rights and down round provisions. With the issuance of a variable rate transaction with any new investor, the conversion price of the convertible debt and the strike price of the warrants should be adjusted down to the new effective conversion price.

The principal balance owed to Blue Lake was $250,000 as of March 31, 2024 and December 31, 2023. The Company incurred approximately $4,467 of interest during the three months ended March 31, 2024. Accrued interest totaled approximately $45,674 and $41,207, respectively, as of March 31, 2024 and December 31, 2023.

The Company is in default of the note as the Company (i) consummated a variable rate transaction with another lender and (ii) failed to make the required installment payment as required under the terms of the agreement. The Company has not yet received any default notice from the investor. Upon event of default, the Company is required to pay the outstanding principal plus accrued interest and a default penalty which is equal to 25% of the principal and accrued interest.

As of March 31, 2024 and December 31, 2023, the Company accrued $101,662 and $97,195 as default penalty, which is presented in accounts payable and accrued interest in the consolidated balance sheets.

The Company initially recognized $219,607 of debt discount resulting from the original issue discount, the deferred financing costs, the fair value assigned to the commitment shares and the warrants. The balance of the unamortized debt discount was $0 as of March 31, 2024 and December 31, 2023.

1800 Diagonal Lending Inc. (“Diagonal note”)

Diagonal note #5

On September 13, 2023, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $55,000 for net proceeds of $50,000, net of issuance costs of $5,000. Interest under the convertible promissory note is 9% per year and a default coupon of 22%.

The maturity date of the note is June 15, 2024. At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed conversion rate or discount to the market price. The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days. The note includes a 50% penalty premium on unpaid principal and interest upon an event of default.

The Company incurred approximately $1,652 of interest expenses during the three months ended March 31, 2024. Accrued interest was $3,304 and $1,652, respectively, as of March 31, 2024 and December 31, 2023.

The Company initially recognized $5,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $1,527 through interest expenses during the three months ended March 31, 2024. The balance of the unamortized debt discount was $1,946 and $3,473, respectively, as of March 31, 2024 and December 31, 2023.

The balance of the Diagonal note #5 was $55,000 as of March 31, 2024 and December 31, 2023.

Diagonal note #6

On September 6, 2023, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $92,000 for net proceeds of $75,000, net of issuance costs of $17,000. Interest under the convertible promissory note is 10% per year and a default coupon of 22%.

The maturity date of the note is September 6, 2024. At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed conversion rate or discount to the market price. The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days. The note includes a 50% penalty premium on unpaid principal and interest upon an event of default.

Accrued interest was $9,200 as of March 31, 2024 and December 31, 2023. The Company initially recognized $17,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $5,668 through interest expenses during the three months ended March 31, 2024. The balance of the unamortized debt discount was $5,664 and $11,332, respectively, as of March 31, 2024 and December 31, 2023.

The balance of the Diagonal note #6 was $35,211 and $68,511, respectively, as of March 31, 2024 and December 31, 2023.

Diagonal note #7

On December 5, 2023, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $61,600 for net proceeds of $55,000, net of issuance costs of $6,600. Interest under the convertible promissory note is 10% per year and a default coupon of 22%.

The maturity date of the note is September 15, 2024. At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed conversion rate or discount to the market price. The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days. The note includes a 50% penalty premium on unpaid principal and interest upon an event of default.

Accrued interest was $6,160 as of March 31, 2024 and December 31, 2023. The Company initially recognized $6,600 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $789 through interest expenses during the three months ended March 31, 2024. The balance of the unamortized debt discount was $3,444 and $5,811, respectively, as of March 31, 2024 and December 31, 2023.

The balance of the Diagonal note #7 was $61,600 as of March 31, 2024 and December 31, 2023.

International Real Estate Development, LLC. - In default

The convertible note is convertible commencing on April 1, 2023 at the option of the holder into shares of common stock at a 10% discount to market price. The Company can prepay the convertible note at any time.

The Company incurred $111,250 of interest during the three months ended March 31, 2024. In March 2024, the Company converted the entire principal balance of $8,900,000 and accrued interest of $556,250 into 89,000 shares of Series A Preferred shares. See Note 12 for further discussion.

NOTE 8 – PROMISSORY NOTES – RELATED PARTY

Related party promissory notes consisted of the following at March 31, 2024, and December 31, 2023:

	March 31, 2024		December 31, 2023
Frank Ingrande – On demand	$	-	$	10,394
Lisa Landau – On demand		53,232		94,104
Total promissory notes, net of discount current	$	53,232	$	104,498

Lisa Landau

Lisa Landau is a relative of the Company’s Chief Financial Officer. During the year ended December 31, 2023, Lisa Landau advanced $71,000 to the Company for general corporate expenses and paid directly $71,000 towards one of the Diagonal convertible notes. The Company repaid $152,065 in cash during the year ended December 31, 2023.

The principal balance was $53,232 and $94,104, respectively, as of March 31, 2024 and December 31, 2023, respectively. The advances are on demand but do not carry any interest.

NOTE 9 – BUSINESS ACQUISITION IN STAGES

On January 3, 2023, the Company completed the acquisition in stages of International Real Estate Development, LLC (“IRED” or the “seller”), for the purchase of the remaining seventy five percent (75%) of the issued and outstanding membership interest in Rancho Costa Verde Development, LLC (“RCVD”) for a total consideration of $13.4 million. The consideration was paid through (i) a secured convertible promissory note in the principal amount of $8,900,000 (Note 5 and 7), (ii) issuance of 20,000,000 shares of common stock with a fair value of $1.8 million and (iii) 33,000,000 common stock warrants to purchase an equivalent number of shares of common stock with a fair value of approximately $2.7 million. The Company issued the 20,000,000 shares of common stock to International Real Estate Development, LLC (“IRED”) on January 3, 2023.

Prior to the acquisition of a controlling financial interest in RCVD, the Company held a twenty five percent (25%) interest in RCVD, which was previously acquired and accounted for in May 2021 as an equity method investment under ASC 323 Investments – Equity Method and Joint Ventures (Note 10). It was determined that the Company did not have the power to direct the activities that most significantly impact RCVD’s economic performance, and therefore, the Company was not the primary beneficiary of RCVD and RCVD was not consolidated under the variable interest model. The investment was initially recorded at cost, which was determined to be $2,680,000. The carrying value was fully written down to $0 as of December 31, 2022.

As outlined in the letter of intent with IRED and RCVD dated April 2021, in addition to various communications with both parties, the Company had strategized and intended to acquire the remaining 75% of RCVD from the original discussions that began in 2018. The Company’s President and director was the previously the owner of one third of the issued and outstanding interest in International Real Estate Development LLC and has been disclosed as a related party since the acquisition of the initial 25% interest in RCVD.

The Company has accounted for this transaction as a business combination in stages under ASC 805 Business Combinations as the Company took control of RCVD in January 2023. Accordingly, and as of January 3, 2023, the assets acquired, and the liabilities assumed were recorded at their estimated fair value as of the closing date of the acquisition. The Company is in the process of finalizing the purchase price allocation and it is to be completed in January 2023.

The secured convertible promissory note has a principal amount of $8,900,000 and is payable in quarterly installments of $2,225,000, carries a five percent (5%) coupon with a maturity date of March 31, 2024. The note carries a default coupon of twelve percent (12%) on the unpaid principal after the maturity date. The note includes standard events of default, which will result in the principal and accrued interest to be payable immediately. The note is convertible at any time commencing on April 1, 2023, at the option of the holder, into shares of common stock of the company at a 10% discount to market. The note may be prepaid at any time without penalties. The Company has not made the first installment by December 31, 2023, but the Company obtained a default waiver from IRED. The Company incurred approximately $445,000 of interest during the year ending December 31, 2023. The note and all accrued interest were converted into common stock during the three months ended March 31, 2024 (Note 7).

RCVD was originally formed in the State of Nevada. RCVD is a 1,100-acre master planned second home, retirement home, and vacation home real estate community located on the east coast of Baja California, Mexico. It is just south of the small fishing village of San Felipe, where the Oasis Park Resort project of the Company is located.

As of December 31, 2023, the Company finalized its purchase price allocation and valuation for the acquisition of RCVD.

The acquisition-date fair value of the consideration transferred is as follows:

	January 3, 2023

Fair value of common stock	$	1,800,000
Fair value of common stock warrants		2,674,972
Promissory notes	$	8,900,000
Fair value of consideration transferred	$	13,374,972

The following is the purchase price allocation as of the January 3, 2023, acquisition date:

	January 3, 2023
Cash	$	321,916
Accounts receivable		1,900,388
Other current assets		342,574
Fixed Assets		16,213,967
Accounts payable and accrued expenses		(652,329	)
Mortgage loans		(6,576,566	)
Related party notes		(16,545	)
Deferred revenue		(9,276,620	)
Net Assets Acquired	$	2,256,785
Goodwill		11,118,187
Total consideration	$	13,374,972

Pro Forma Financial Information

The following unaudited pro forma consolidated results of operations for the years ended December 31, 2023 and 2022 assume the acquisition was completed on January 1, 2022:

	2023			2022
	Years Ended December 31,
	2023			2022
Pro forma net revenues		1,090,617			1,516,622
Pro forma net loss		(1,110,022	)		(926,798	)

Pro forma data does not purport to be indicative of the results that would have been obtained had these events actually occurred at the beginning of the periods presented and is not intended to be a projection of future results.

Common Stock warrants

At acquisition date, the Company measures the fair value of the common stock warrant using the Black-Scholes option valuation model using the following assumptions as of December 31, 2023:

Expected term	5 years
Exercise price	$	0.10
Expected volatility		145	%
Risk-free interest rate		3.94	%
Forfeitures		None

The Company computes the fair value of the common stock warrants at the acquisition date, which does not have to be updated at each reporting period.

NOTE 10 – EQUITY METHOD INVESTMENT

In May 2021, the Company acquired a 25% investment in RCVD in exchange for 3,000,000 shares of the Company’s common stock at a determined fair value of $0.86 per share and $100,000 in cash for total consideration of $2,680,000. The fair value of the non-monetary exchange was determined based on a valuation report obtained from an independent third-party valuation firm. The fair value of the Company’s common stock was determined based on weighted combination of market approach and asset approach. The market approach estimates fair value based on a weighted average between the listed price of the Company’s common shares and the Company’s recent private transaction adjusted for a lack of marketability discount.

The investment has been accounted for under the equity method. It was determined that the Company does not have the power to direct the activities that most significantly impact RCVD’s economic performance, and therefore, the Company is not the primary beneficiary of RCVD and RCVD has not been consolidated under the variable interest model.

The investment was initially recorded at cost, which was determined to be $2,680,000. The Company impaired the remaining balance of its equity-method investment for a total amount of $2,089,337 for the year ended December 31, 2022.

On January 3, 2023, the Company executed a securities purchase agreement with International Real Estate Development, LLC, for the purchase of the remaining seventy five percent (75%) of the issued and outstanding membership interest in RCVD for a total contractual consideration of $13,500,000.

The Company acquired a controlling financial interest and accounted for this transaction as a business combination in stages under ASC 805 (refer to note 9). Upon the acquisition of such controlling interest, the Company re-measured the previously held equity method interest to fair value as part of the accounting for the business combination, see Note 9.

NOTE 11 – COMMITMENTS AND CONTINGENCIES

Commitment to Purchase Land (Valle Divino)

The land project consisting of 20 acres to be acquired from Baja Residents Club (a Company controlled by our CEO Roberto Valdes) and developed into Valle Divino resort in Ensenada, Baja California, the acquisition of title to the land for this project is subject to approval from the Mexican government in Baja, California. Although management believes that the transfer of title to the land will be approved before the end of the Company fiscal year end 2023, there is no assurance that such transfer of title will be approved in that time frame or at all. The Company has promised to transfer title to the plots of land to the investors who have invested in the Company once the Company receives an approval of change in transfer of title to the Company through a Fideicomiso. As of March 31, 2024 and December 31 2023, Valdetierra S.A de C.V., a company controlled and 100% owned by Roberto Valdes our Chief Executive Officer, has entered into fifteen (15) and thirteen (13) contracts for deed agreements to sell lots of land, respectively. The proceeds are collected by the Company and initially presented under contract liability in the consolidated balance sheets; however, the Company has netted the balance in contract liability against the related capitalized construction in process, with the remaining net balance fully impaired and recorded under impairment loss in the consolidated statement of operations.

Land purchase- Plaza Bajamar.

On September 25, 2019, the Company, entered into a definitive Land Purchase Agreement with Valdeland, S.A. de C.V., a Company controlled by our CEO Roberto Valdes, to acquire approximately one acre of land with plans and permits to build 34 units at the Bajamar Ocean Front Golf Resort located in Ensenada, Baja California. Pursuant to the terms of the Agreement, the total purchase price is $1,000,000, payable in a combination of a new series of preferred stock (with a stated value of $600,000), 250,000 shares of common stock, a promissory note in the amount of $150,000, and an initial construction budget of $150,000 payable upon closing. The closing is subject to obtaining the necessary approval by the City of Ensenada and transfer of title, which includes the formation of a wholly owned Mexican subsidiary. As of March 31, 2024 and December 31 2023, the agreement has not yet closed.

The total budget was established at approximately $1,556,000, inclusive of lots construction, of which approximately $995,747 has been paid, leaving a firm commitment of approximately $560,250 as of March 31, 2024 and December 31 2023.

Commitment to Sell Land (IntegraGreen)

On September 30, 2019, the Company entered into a contract for deed agreement “Agreement” with IntegraGreen whose principal, Christopher Elder, is also a creditor. Under the agreement the Company agreed to the sale of 20 acres of vacant land and associated improvements located at the Emerald Grove property in Hemet, California for a total purchase price of $630,000, $63,000 was paid upon execution and the balance is payable in a balloon payment on October 1, 2026, with interest only payments due on the 1st of each month beginning April 1, 2020. During the duration of the Agreement the Company retains title and is allowed to encumber the property with a mortgage at its discretion, however IntegraGreen has the right to use the property. The Company may also evict IntegraGreen from the premises in the case of default under the agreement. The principal owed under the agreement is $403,020.

The Company fully impaired the carrying balance of its account receivable owed by IntegraGreen as of December 31, 2023

Oasis Park Resort construction budget

During the year ended December 31, 2021, the Company engaged a general contractor to complete phase I of the project including the two-mile access road and the community entrance structure. Contractor also commenced phase II construction including the waterfront clubhouse, casitas, and model homes. The total budget was established at approximately $512,000, of which approximately $118,600 has been paid, leaving a firm commitment of approximately $393,400 as of March 31, 2024 and December 31 2023.

Litigation Costs and Contingencies

From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. Management is currently not aware of any such legal proceedings or claims that could have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results.

NOTE 12 – STOCKHOLDERS’ EQUITY (DEFICIT)

The Company’s equity at March 31, 2024 consisted of 150,000,000 authorized common shares and 2,010,000 authorized preferred shares, all with a par value of $0.001 per share. As of March 31, 2024, there were 85,064,195 shares issued and 82,064,195 shares outstanding. As of December 31, 2023, there were 79,658,165 shares issued and 76,658,165 outstanding.

As of March 31, 2024, there were 117,000 shares of Series A Preferred Stock issued and outstanding, 1,000 shares of Series B Preferred Stock issued and outstanding, 3,100 shares of Series C Preferred Stock issued and outstanding and 17,000 of Series D Preferred Stock issued and outstanding.

As of December 31, 2023, there were 28,000 shares of Series A Preferred Stock issued and outstanding, 1,000 shares of Series B Preferred Stock issued and outstanding, 3,100 shares of Series C Preferred Stock issued and outstanding and 17,000 of Series D Preferred Stock issued and outstanding.

Equity Incentive Plans

2022 Equity Incentive Plan

On December 1, 2022, the Company’s Board of Directors approved a 2022 Equity Incentive Plan (the “2022 Plan”). Pursuant to the 2022 Plan, the Company has reserved a total of 5,000,000 shares of the Company’s common stock to be available under the 2022 Plan. The 2022 Plan was never approved by the stockholders. Therefore, any options granted under the 2022 Plan prior to stockholder approval will be “non-qualified”. The Company granted 2,150,000 options during the year ended December 31, 2022. There was no activity during the three months ended March 31, 2024. The Company has 2,150,000 options issued and outstanding under the 2022 Plan as of March 31, 2024 and December 31, 2023.

2020 Equity Incentive Plan

On August 26, 2020, the Company’s Board of Directors approved the 2020 Equity Incentive Plan (the “2020 Plan”). The Company has reserved a total of 3,000,000 shares of the authorized common stock for issuance under the 2020 Plan. There was no activity during the three months ended March 31, 2024. The Company has 1,700,000 options issued and outstanding under the 2020 Plan as of March 31, 2024 and December 31, 2023.

2019 Equity Incentive Plan

On February 11, 2019, the Company’s Board of Directors approved a 2019 Equity Incentive Plan (the “2019 Plan”). In order for the 2019 Plan to grant “qualified stock options” to employees, it required approval by the Corporation’s shareholders within 12 months from the date of the 2019 Plan. The 2019 Plan was never approved by the shareholders. Therefore, any options granted under the 2019 Plan prior to shareholder approval will be “non-qualified”. Pursuant to the 2019 Plan, the Company has reserved a total of 3,000,000 shares of the Company’s common stock to be available under the 2019 Plan. No options under the 2019 Plan were issued, cancelled, forfeited, or exercised during the three months ended March 31, 2024. The Company has 2,150,000 options issued and outstanding under the 2019 Plan as of March 31, 2024 and December 31, 2023.

Activity during the three months ended March 31, 2024

During the three months ended March 31, 2024, the Company issued 1,552,595 shares of common stock pursuant to consulting agreements for a total fair value of approximately $100,919.

During the three months ended March 31, 2024, the Company issued 1,223,776 shares of common stock pursuant to the conversion of convertible notes payable.

During the three months ended March 31, 2024, the Company issued 2,484,832 shares of common stock pursuant to the exercise of warrants.

During the three months ended March 31, 2024, the Company issued 50,000 shares of common stock pursuant to a promissory note agreement. The shares were valued at $34,915.

During the three months ended March 31, 2024, the Company issued 94,824 shares of common stock pursuant to a stock dividend arrangement for Series C Preferred Stock.

Activity during the three months ended March 31, 2023

During the three months ended March 31, 2023, the Company issued 100,000 shares of common stock pursuant to a consulting agreement for a total fair value of approximately $15,000.

During the three months ended March 31, 2023, the Company issued 20,000,000 shares of common stock pursuant to a business acquisition with a fair value of $1,800,000.

During the three months ended March 31, 2023, the Company issued 1,077,164 shares of common stock pursuant to the conversion of convertible notes.

Preferred Stock

On November 6, 2019, the Company authorized and issued 1,000 shares of Series B Preferred Stock (“Series B”) and 350,000 shares of common stock to CleanSpark Inc. in a private equity offering for $500,000. Management determined that the Series B should not be classified as liability per the guidance in ASC 480 Distinguishing Liabilities from Equity as of December 31, 2022, even though the conversion would require the issuance of variable number of shares since such obligation is not unconditional. As of December 31, 2022, and 2021, Management recorded the value attributable to the Series B of $293,500 as temporary equity on the consolidated balance sheets since the instrument is contingently redeemable at the option of the holder. The Company recognized the beneficial conversion feature (“BCF”) that arises from a contingent conversion feature, since the instrument reached maturity during the year ended December 31, 2020. The Company recognized such BCF as a discount on the convertible preferred stock. The amortization of the discount created by a BCF recognized as a result of the resolution of the contingency is treated as a deemed dividend that reduced net income in arriving at income available to common stockholders. The holder can convert the Series B into shares of common stock at a discount of 35% to the market price.

The terms and conditions of the Series B include an in-kind accrual feature, which provides for a cumulative accrual at a rate of 12% per annum of the face amount of the Series B. The Company has recognized a total dividend on Series B for a total accrual to $1,212,822 as of March 31, 2024 and December 31, 2023, respectively. The recognition of the in-kind accrual was reported in Additional Paid In Capital on the Company’s consolidated balance sheets.

The Securities Purchase Agreement (“SPA”) states that the in-kind accrual rate should be increased by10% per annum upon each occurrence of an event of default. In addition, the SPA further states that the conversion price initially set at a discount of 35% to the market price should be further increased by an additional 10% upon each occurrence of an event of default. At the date of their Annual Report, CleanSpark claims that the Company was in default in three instances triggering further discount to the market price for the conversion feature and additional accrual rate. Management has recorded for this additional default and interest expense as noted in the previous paragraph. The Company has not been served with any notice of default stating the specific default events but will continue to accrue the additional default interest until the matter is resolved. As of the date of the filing of this Annual Report, the parties are cooperating to resolve this matter.

During the three months ended March 31, 2024, the Company issued 89,000 shares of Series A preferred stock pursuant to the conversion of the note payable to IRED for $8,900,000. The total principal balance along with accrued interest of $556,250 has been converted. The Company did not issue any shares of Series B preferred stock during the three months ended March 31, 2024.

On June 2, 2023, the Company authorized and issued 10,000 and 3,100 shares, respectively, of Series C Preferred Stock (“Series C”) to Bigger Capital Fund, LP in a private equity offering for $310,000. Management determined that the Series C should not be classified as liability per the guidance in ASC 480 Distinguishing Liabilities from Equity as of March 31, 2024 and December 31, 2024, even though the conversion would require the issuance of variable number of shares since such obligation is not unconditional. As of March 31, 2024 and December 31, 2023, Management recorded the value attributable to the Series C of $310,000 as temporary equity on the consolidated balance sheets since the instrument is contingently redeemable at the option of the holder. The Company recognized the beneficial conversion feature (“BCF”) that arises from a contingent conversion feature. The Company recognized such BCF as a discount on the convertible preferred stock. The discount created by a BCF recognized as a result of the resolution of the contingency is treated as a deemed dividend. The holder can convert the Series C into shares of common stock at a variable discount to the market price.

The terms and conditions of the Series C include an in-kind accrual feature, which provides for a cumulative accrual at a rate of 12% per annum of the face amount of the Series C. The Company recognized a deemed dividend of $60,003 based on a discount to the purchase price on the Series C during the year ended December 31, 2023. The recognition of the in-kind accrual was reported in Additional Paid In Capital on the Company’s consolidated balance sheets. During the three months ended March 31, 2024, the Company has issued 94,827 shares of common stock pursuant to the stock dividend terms in the agreement.

The Securities Purchase Agreement (“SPA”) states that the in-kind accrual rate should be increased by 8% per annum upon each occurrence of an event of default.

Concurrently with this SPA, the Company entered into a Warrant Inducement Agreement (“Inducement”). Previously, on July 26, 2021, the Company entered into a Warrant Purchase Agreement with Bigger Capital Fund, LP where the Company issued common stock purchase warrants at an exercise price of $0.68 (the “Existing Warrants”). As further consideration for Bigger Capital Fund, LP agreeing to enter in the Series C Preferred Stock Securities Purchase Agreement (the “New Purchase Agreement”), the Company offered an additional 1,240,000 Warrant Shares, and (b) a reduction of the exercise price of the Existing Warrants to $0.07 per Warrant Share. As such, upon accepting this offer, the terms to the Existing Warrant issued pursuant to the Inducement have been amended and restated to refer to 2,740,000 Warrant Shares in the aggregate and all Existing Warrants issued pursuant to the Inducement will have an updated exercise price per share of $0.07. As such, the Company recorded share-based compensation expenses of $123,896 related to the additional warrants issued during the year ended December 31, 2023.

In October 2023, the Company filed and adopted a Certificate of Designations, Preferences and Rights of the Series D Convertible Preferred Stock (the “Certificate of Designations”) with the Wyoming Secretary of State, authorizing the issuance of up to 20,000 shares of Series D Convertible Preferred Stock, par value $0.001 per share (the “Series D Preferred Stock”), each having a stated value equal to $100.00 (the “Stated Value”). The Series D Preferred Stock has no stated maturity and is subject to a mandatory redemption at 110% of the Stated Value, plus all unpaid dividends in respect of such share (the “Additional Amount”) thereon.

The Series D Preferred Stock ranks senior with respect to the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company to all other shares of capital stock of the Company, including all other outstanding shares of preferred stock as of the filing date of the Certificate of Designations, except, however, the Series D Preferred Stock is subordinate to the series of preferred stock of the Company designated as “Series C Convertible Preferred Stock.” The Company shall be permitted to issue capital stock, including preferred stock, that is junior in rank to the Series D Preferred Stock with respect to the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company.

Holders of shares of Series D Preferred Stock are entitled to receive, on each dividend payment date, (i) cumulative cash dividends on each share of Series D Preferred Stock, on a quarterly basis, at a rate of 12% per annum of the Stated Value, plus the Additional Amount thereon, and (ii) dividends in the form of shares of common stock on each share of Series D Preferred Stock, on a quarterly basis, at a rate of 8% per annum on the Stated Value.

At any time after the earlier of (i) a Qualified Offering (as defined below) or (ii) the date that is 18 months from the date the first share of Series D Preferred Stock is issued to any holder thereof, each holder of Series D Preferred Stock shall be entitled to convert any portion of the outstanding Series D Preferred Stock, including any Additional Amount, held by such holder into shares of common stock at the Conversion Price (as defined below) by following the mechanics of conversion set forth in the Certificate of Designations.

The amount of shares of common stock issuable upon a conversion for each Series D Preferred Stock shall be the Stated Value of such share plus the Additional Amount divided by the Conversion Price (as defined below). The “Conversion Price” for each Series D Preferred Stock is, the lower of the price per share at which a Qualified Offering (as defined below) is made (the “Qualified Offering Price”) or 80% of the average of the closing sale price for the 10 consecutive trading days immediately preceding, but not including, the effective date of the applicable conversion notice. A “Qualified Offering” means an offering of common stock (or units consisting of common stock and warrants to purchase common stock) resulting in the listing for trading of the common stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or any successors to any of the foregoing).

During the year ended December 31, 2023, the Company converted $1,414,338 of principal and $171,825 of interest payable due to Six Twenty Management LLC into 17,000 shares of Series D Convertible Preferred Stock. The previous amounts due to the related party are discussed further in Note 8 of these financial statements. There was no activity during the three months ended March 31, 2024.

Warrants

A summary of the Company’s warrant activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF WARRANTS ACTIVITY

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		38,107,500	$	0.16		4.17
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		38,107,500	$	0.16		3.67

Exercisable at March 31, 2024		38,107,500

The aggregate intrinsic value as of March 31, 2024 and December 31, 2023, was $0, respectively.

Options

A summary of the Company’s option activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF OPTION ACTIVITY

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		6,000,000	$	0.34		3.14
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		6,000,000	$	0.34		2.64

Exercisable at March 31, 2024		6,000,000

Options outstanding as of March 31, 2024, and December 31, 2023, had aggregate intrinsic value of $0, respectively.

NOTE 13 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events for adjustment to or disclosure in its consolidated financial statements through the date of this report, and has not identified any recordable or disclosable events, not otherwise reported in these consolidated financial statements or the notes thereto, except those noted below.

From April 1, 2024 through the date these financial statements were issued, the Company issued 1,000,000 shares of common stock for services valued at approximately $66,000.

From April 1, 2024 through the date these financial statements were issued, the Company issued 500,000 shares of common stock pursuant to a promissory note agreement and valued at approximately $33,000.

From April 1, 2024 through the date these financial statements were issued, the Company issued 195,000 shares of common stock as a stock dividend pursuant to the shares outstanding for the Series C Preferred Stock.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Overview of Our Company

The Company was incorporated pursuant to the laws of the State of Wyoming on September 26, 2013. We are based in San Diego, California. We are a residential land development company with target properties located primarily in the Baja California Norte region of Mexico and Southern California. Our principal activities are purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the properties’ infrastructure and amenities, and selling the lots to homebuyers, retirees, investors, and commercial developers. We offer the option of financing (i.e. taking a promissory note from the buyer for all or part of the purchase price) with a guaranteed acceptance on any purchase for every customer.

Overview

The real estate market in Northern Baja California has continued to significantly improve and has fully recover from the negative impact of Covid-19. The housing prices has continued to rise in the Southwest U.S., and inventory has remained severely low, which generated additional attraction from home buyers seeking second homes or vacation homes.

The Company’s current portfolio includes residential, resort and commercial properties comprising the following projects:

	■	*Oasis Park Resort* is a 497-acres master planned real estate community including 1,344 residential home sites, south of San Felipe, Baja California, which offers a 180-degree sea and mountain views. In addition to the residential lots, there is a planned boutique hotel, a spacious commercial center, and a nautical center. The Company recently allowed prospective homeowners and existing lot holders to tour the property again. 75 of the 1,344 planned residential lots were pre-sold to initial shareholders. The Company has made significant progress on the project, which included the completion of the two-mile access road and the community entrance structure. The Company also started construction of the waterfront clubhouse, and model homes. There has been no activity during the three months ended March 31, 2024.

	■	*Valle Divino* is a self-contained solar 650-home site project in Ensenada, Baja California, with test vineyard at the property. This resort includes 137 residential lots and 3 commercial lots on 20 acres of land. This represents an estimated $60 million in gross sales opportunity. There has been no activity during the three months ended March 31, 2024.

	■	*Plaza Bajamar Resort* is an 80-unit project located at the internationally renowned Bajamar Ocean front hotel and golf resort. The Bajamar oceanfront golf resort is a master planned golf community located 45 minutes south of the San Diego-Tijuana border along the scenic toll road to Ensenada. The first Phase will include 22 “Merlot” 1,150 square-foot single-family homes that features two bedrooms and two baths. The home includes two primary bedroom suites - one on the first floor and one upstairs, as well as fairway and ocean views from a rooftop terrace. The Merlot villas will come with the installation of solar packages.

	■	*Emerald Grove Estates* is the Company’s newly renovated Southern California property, used for organized events at this 8,000 square foot event venue.

	■	*Rancho Costa Verde (“RCVD”)* is a 1,100-acre master planned second home, retirement home and vacation home real estate community located on the east coast of Baja California. RCVD is a self-sustained solar powered green community that takes advantage of the advances in solar and other green technology. In May 2021, the Company acquired a 25% investment in RCVD in exchange for $100,000 and 3,000,000 shares of the Company’s common stock, and such investment was initially recorded as an equity-method investment in the Company’s condensed consolidated financial statements. On January 3, 2023, the Company acquired the remaining 75% membership interest in RCVD for a contractual consideration of $13.5 million, paid through $8,900,000 secured convertible note, 20,000,000 shares of common stock and 33,000,000 common stock warrants. Such transaction was recorded pursuant to ASC 805 Business Combinations.

Summary of key operational and financial events:

	■	During the year ended December 31, 2023, the Company collected an aggregate amount of $312,175 from house construction at the Plaza Bajamar project, which was initially recorded and presented as contract liability in the consolidated balance sheets. However, the Company offset the balance with the additional cash funded for the construction of amenities at Bajamar, with the net balance presented as impairment loss in the consolidated statement of operations. There has been no activity during the three months ended March 31, 2024.

	■	Continued our research and marketing efforts to identify potential home buyers in the United States, Canada, Europe, and Asia. Through the formation of a partnership with a similar development company in the Baja California Norte Region of Mexico, we have been able to leverage additional resources with the use of their established and proven marketing plan which can help us with sophisticated execution and the desired results for residential plot sales and development.

	■	Title of Oasis Park Resort in San Felipe was assumed during 2019. We are expecting the transfer of title on Valle Divino in Ensenada, Baja California and Plaza Bajamar in Ensenada, Baja California before the end of our fiscal year 2024, as we continue to follow the necessary steps to complete this legal process. However, there is no assurance that such transfer of title will occur on above timeframe or at all.

Results of Operations for the Three Months Ended March 31, 2024, compared to the Three Months Ended March 31, 2023

	For the three months ended
	March 31, 2024			March 31, 2023
Revenue, net	$	5,088,874		$	240,932

Cost of revenue		183,588			3,001

Gross profit		4,905,286			243,931

Operating expenses
Sales and marketing		167,889			260,084
Impairment loss		189,369			245,674
General and administrative expenses		295,001			610,180
Total operating expenses		652,059			1,115,938

Income (loss) from operations		4,253,228			(878,007	)

Other expense:
Loss from debt extinguishment		-			(49,329	)
Change in fair value of derivative		(22,748	)		(397,678	)
Interest expense		(580,329	)		(583,547	)
Total other expense		(603,077	)		(1,030,554	)

Net income	$	3,650,150		$	(1,908,561	)

Revenue

Revenue increased by $4,847,942 to $5,088,874 for the three months ended March 31, 2024, from $240,932 for the three months ended March 31, 2023. The revenue recognized during the three months ended March 31, 2024 includes real estate sales, interest from financed sales, financing fees, previously deferred revenues, and components of home construction.

Cost of revenue

Cost of revenue increased by $180,587 to $183,588 for the three months ended March 31, 2024, from $3,001 for the three months ended March 31, 2023. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.

Operating Expenses

Operating expenses decreased by $463,879 to $652,059 for the three months ended March 31, 2024, from $1,115,938 for the three months ended March 31, 2023.

Sales and marketing costs decreased by $92,195, to $167,689 in the three months ended March 31, 2024, from $260,084 in the three months ended March 31, 2023. Such decrease mainly relates to the reduced marketing efforts incurred by RCVD and ILAL during the three months ended March 31, 2024 as the Company was in process of raising additional capital. Sales costs are related to real estate’s sales commissions. Marketing costs include advertising, prospective customers’ education, travel, and accommodation.

General and administrative costs decreased by $315,180, to $295,001 in the three months ended March 31, 2024, compared to $610,180 for the three months ended March 31, 2023. General and administrative decreased for professional fees and other general and administrative expenses due to the lack of capital available during the three months ended March 31, 2024. General and administrative costs mainly include commissions paid attributable to sales.

Other expense

Other expenses decreased by approximately $427,477 to $603,077 in the three months ended March 31, 2024, from $1,030,554 in the three months ended March 31, 2023.

Such decrease is primarily due to a reduction in the change in fair value of the Company’s derivative liability with interest expense remaining consistent period over period.

Net Income (Loss)

The Company finished the three months ended March 31, 2024, with net income of $3,650,150, as compared to a net loss of $1,908,561 for the three months ended March 31, 2023. The increase in our net income resulted from the reasons outlined above.

The factors that will most significantly affect future operating results will be:

	■	The positive effect of implemented sales and marketing initiatives to drive opportunities into our various projects.
	■	The quality of our amenities.
	■	The global economy and the demand for vacation homes.
	■	The sale price of future plots and home construction compared to the sale price in other resorts in Mexico.
	■	The prime location of our projects.

Other than the foregoing we do not know of any trends, events or uncertainties that have had, or are reasonably expected to have, a material impact on our revenues or expenses.

Capital Resources and Liquidity

Cash was $136,856 and $140,247 as of March 31, 2024, and December 31, 2023, respectively. As shown in the accompanying financial statements, we recorded income of $3.7 million for the three months ended March 31, 2024. Our working capital deficit as of March 31, 2024, was $13.7 million. These factors and our ability to raise additional capital to accomplish our objectives, raises substantial doubt about our ability to continue as a going concern. We expect our expenses will continue to increase during the foreseeable future as a result of increased operations, increased construction activity and the development of current and future projects which include our current business operations.

We anticipate generating increased revenues over the next twelve months, as we continue to market the sale of plots held for sale at our various projects, generate cash from the sale of house construction at our properties.

If the Company is not successful with its marketing efforts to increase sales, the Company will continue to experience a shortfall in cash, and it will be necessary to obtain funds through equity or debt financing in sufficient amounts or to further reduce its operating expenses in a manner to avoid the need to curtail its future operations.

Operating Activities

Net cash flows provided by operating activities for the three months ended March 31, 2024, was $191,688 which resulted primarily due to net income of $3,650,150, non-cash share-based compensation of $213,931, depreciation of $51,531, and change in fair value of derivative liability of $22,748, offset by impairment loss of $189,369 and net change in assets and liabilities of $3,557,304.

Net cash flows provided by operating activities for the three months ended March 31, 2023, was $36,978 which resulted primarily due to the loss of $1,908,561 offset by non-cash share-based compensation of $78,047, amortization of debt discount of $160,830, depreciation of $29,748, impairment loss of $245,675, loss from debt extinguishment of $49,329, fair value of equity securities issued for services for $15,000, excess fair value of derivative liability for $36,062, change in fair value of derivative liability of $397,678, and net change in assets and liabilities of $933,170.

Investing Activities

Net cash flows used in investing activities was $259,867 for the three months ended March 31, 2024. The funds were used for the development of the various projects and additional investment for land development.

Net cash flows used in investing activities was $73,047 for the three months ended March 31, 2023. The funds were used for the development of the various projects and the purchased house construction at Plaza Bajamar and Valle Divino for $179,700, additional investment for land development for $215,266, and offset by the cash acquired for $321,919 from the acquisition of RCVD.

Financing Activities

Net cash flows provided by financing activities for the three months ended March 31, 2024, was $64,788, primarily from cash payments to related parties for aggregate amount of $51,267, cash payments for convertible notes of $32,003, cash proceeds from other loans for $78,057, cash proceeds from promissory notes of $75,000, and cash payments on promissory notes of $5,000.

Net cash flows provided by financing activities for the three months ended March 31, 2023, was $186,088, primarily from cash proceeds from additional funding from related parties for aggregate amount of $226,220, cash proceeds from convertible note of $100,000, cash proceeds from other loans for $23,776, offset by $100,850 repayment of related party advances, and $63,058 repayment of convertible notes.

As a result of these activities, we experienced a decrease in cash of $3,392 for the three months ended March 31, 2024.

Our ability to continue as a going concern is dependent on our success in obtaining additional financing from investors or from the sale of our common shares.

Critical Accounting Polices

There have been no material changes to our critical accounting policies as compared to the critical accounting policies and significant judgments and estimates disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on June 27, 2024.

Off-balance Sheet Arrangements

During the period ended March 31, 2024, we have not engaged in any off-balance sheet arrangements.

New and Recently Adopted Accounting Standards

For a listing of our new and recently adopted accounting standards, see Note 2, Summary of Significant Accounting Policies, to the Notes to the condensed consolidated financial statements in “Part I, Item 1. condensed consolidated financial statements” of this Quarterly Report.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not required under Regulation S-K for “smaller reporting companies.”

Item 4. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company’s reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the Chief Executive Officer (Principal Executive Officer) and the Chief Financial Officer (Principal Financial Officer), to allow for timely decisions regarding required disclosure. In designing and evaluating disclosure controls and procedures, the Company recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

The Company conducted an evaluation under the supervision and with the participation of management, including the Principal Executive Officer and Principal Financial Officer, of the effectiveness of its disclosure controls and procedures as of March 31, 2024, as defined in Rule 13a -15(e) and Rule 15d -15(e) under the Exchange Act. This evaluation was carried out under supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2024, our disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting related to the lack of adequate accounting and finance personnel, inadequate controls over maintenance of records, inadequate internal controls relating to the authorization, recognition, capture, and review of transactions, facts, circumstances, and events that could have a material impact on the Company’s financial reporting process.as further discussed in our Annual Report on Form 10-K for the year ended December 31, 2023, and which the Company determined continued to exist as of March 31, 2024.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the three months ended March 31, 2024, that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We are not party to, and our property is not the subject of, any material pending legal proceedings.

Item 1A. Risk Factors

You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth under Part I, Item 1A, Risk Factors, contained in our Annual Report on Form 10-K for Fiscal 2023, as filed with the SEC on June 27, 2024. The risk factors described in the fiscal year ended 2023 Form 10-K have not materially changed.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

During the three months ended March 31, 2024, the Company issued 1,552,595 shares of common stock pursuant to consulting agreements for a total fair value of approximately $100,919.

During the three months ended March 31, 2024, the Company issued 1,223,776 shares of common stock pursuant to the conversion of convertible notes payable.

During the three months ended March 31, 2024, the Company issued 2,484,832 shares of common stock pursuant to the exercise of warrants.

During the three months ended March 31, 2024, the Company issued 50,000 shares of common stock pursuant to a promissory note agreement. The shares were valued at $34,915.

During the three months ended March 31, 2024, the Company issued 94,824 shares of common stock pursuant to a stock dividend arrangement for Series C Preferred Stock.

During the three months ended March 31, 2024, the Company issued 89,000 shares of Series A Preferred Stock to IRED for the conversion of the outstanding principal and interest of their $8,900,000 promissory note.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

(a) Exhibits

Exhibit No.		Description
31.1*		Certification of Chief Executive Officer pursuant to section 302 of the Sarbanes-Oxley Act of 2002
31.2*		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2022
32.1*		Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2*		Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101*		Inline XBRL Document set for the financial statements and accompanying notes in Part I, Item 1, of this Quarterly Report on Form 10-Q

104*		Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set.

		Exhibits designated by the symbol * are filed or furnished with this Quarterly Report on Form 10-Q

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 thereunto duly authorized.

Dated:	July 9, 2024	International Land Alliance, Inc.

		By:	/s/ Roberto Jesus Valdes
			Principal Executive Officer and a Director

		By:	/s/ Jason Sunstein
			Principal Financial and Accounting Officer and a Director

Exhibit 31.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Roberto Jesus Valdes, Principal Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of International Land Alliance, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared.

b) designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date July 9, 2024

*/s/ Roberto Jesus Valdes*
Roberto Jesus Valdes
Principal Executive Officer and Director

Exhibit 31.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Jason Sunstein, Principal Financial Officer, and Principal Accounting Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of International Land Alliance, Inc.

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 9, 2024

*/s/ Jason Sunstein*
Jason Sunstein
Principal Financial and Accounting Officer and Director

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

I, Roberto Jesus Valdes, Principal Executive Officer and Director of International Land Alliance, Inc. (the “Company”), certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002 that:

(1) The Quarterly Report on Form 10-Q of the Company for the period ended March 31, 2024 (the “Report”) fully complies with the requirements of § 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the periods covered in the Report.

Date: July 9, 2024

*/s/ Roberto Jesus Valdes*
Roberto Jesus Valdes
Principal Executive Officer and Director

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

I, Jason Sunstein, Chief Financial Officer, Principal Financial Officer and Director of International Land Alliance, Inc. (the “Company”), certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002 that:

Date: July 9, 2024

*/s/ Jason Sunstein*
Jason Sunstein
Principal Financial and Accounting Officer and Director

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	Jul. 08, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		86,759,195

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash	$ 136,856	$ 140,247
Accounts receivable	1,505,712	1,652,086
Prepaid and other current assets	16,815	16,815
Total current assets	1,659,383	1,809,148
Land	15,776,526	15,551,526
Buildings, net	1,802,161	1,818,825
Furniture and equipment, net	2,677	2,677
Other non-current assets	55,767	53,468
Goodwill	11,118,187	11,118,187
Total assets	30,414,701	30,353,831
Current liabilities
Deferred revenue		4,521,222
Contract liability	143,382	93,382
Deposits	20,500	20,500
Derivative liability	804,672	781,924
Convertible notes, net of debt discounts	620,074	652,077
Convertible note RCVD acquisition		8,900,000
Other loans	7,436,657	7,358,600
Total current liabilities	15,380,153	28,656,801
Total liabilities	15,380,153	28,656,801
Commitments and Contingencies (Note 11)
Total Temporary Equity	603,500	603,500
Stockholders’ Equity
Common stock; $0.001 par value; 150,000,000 shares authorized; 85,064,195 and 82,064,195 shares issued and outstanding as of March 31, 2024, respectively, and 79,658,165 and 76,658,165 shares issued and outstanding as of December 31, 2023, respectively	85,064	79,658
Additional paid-in capital	38,190,434	28,476,622
Common stock payable		31,939
Treasury stock (3,000,000 shares as of March 31, 2024 and December 31, 2023)	(300,000)	(300,000)
Accumulated deficit	(23,544,588)	(27,194,738)
Total stockholders’ equity	14,431,048	1,093,530
Total liabilities and stockholders’ equity	30,414,701	30,353,831
Series B Preferred Stock [Member]
Current liabilities
Total Temporary Equity	293,500	293,500
Stockholders’ Equity
Preferred stock , value	1	1
Series C Preferred Stock [Member]
Current liabilities
Total Temporary Equity	310,000	310,000
Stockholders’ Equity
Preferred stock , value	3	3
Series A Preferred Stock [Member]
Stockholders’ Equity
Preferred stock , value	117	28
Series D Preferred Stock [Member]
Stockholders’ Equity
Preferred stock , value	17	17
Nonrelated Party [Member]
Current liabilities
Accounts payable and accrued liabilities	1,931,617	1,431,676
Accrued interest	1,264,035	1,756,937
Promissory notes, net discounts	2,744,762	2,674,762
Related Party [Member]
Current liabilities
Accounts payable and accrued liabilities	361,223	361,223
Promissory notes, net discounts	$ 53,232	$ 104,498

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Preferred stock, shares authorized	2,010,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	85,064,195	79,658,165
Common stock, shares outstanding	82,064,195	76,658,165
Treasury stock, shares	3,000,000	3,000,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	117,000	28,000
Preferred stock, shares outstanding	117,000	28,000
Series B Preferred Stock [Member]
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Series C Preferred Stock [Member]
Preferred stock, shares issued	3,100	3,100
Preferred stock, shares outstanding	3,100	3,100
Series D Preferred Stock [Member]
Preferred stock, shares issued	17,000	17,000
Preferred stock, shares outstanding	17,000	17,000

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues and lease income	$ 5,088,874	$ 240,932
Cost of revenues	183,588	3,001
Gross profit	4,905,286	237,931
Operating expenses
Sales and marketing	167,689	260,084
Impairment loss	189,369	245,674
General and administrative expenses	295,001	610,180
Total operating expenses	652,059	1,115,938
Income (loss) from operations	4,253,228	(878,007)
Other income (expense)
Loss from debt extinguishment		(49,329)
Change in fair value derivative liability	(22,748)	(397,678)
Interest expense	(580,329)	(583,547)
Total other expense	(603,077)	(1,030,554)
Net income (loss)	3,650,150	(1,908,561)
Deemed dividend from RCVD acquisition		(25,354,976)
Net income (loss) applicable to common shareholders	$ 3,650,150	$ (27,263,537)
Loss per common share - basic	$ 0.05	$ (0.45)
Loss per common share - diluted	$ 0.05	$ (0.45)
Weighted average common shares outstanding - basic	79,308,430	60,159,088
Weighted average common shares outstanding - diluted	79,308,430	60,159,088

Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Preferred Stock [Member] Series D Preferred Stock [Member]	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Common Stock Payable [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 28	$ 1			$ 43,500		$ 20,233,446		$ (25,121,457)	$ (4,844,482)
Balance, shares at Dec. 31, 2022	28,000	1,000			43,499,423
Dividend on Preferred							(15,000)			(15,000)
Common stock issued for consulting services					$ 100		14,900			15,000
Common stock issued for consulting services, shares					100,000
Common stock issued from debt conversion					$ 1,077		146,728			147,805
Common stock issued from debt conversion, shares					1,077,164
Net loss									(1,908,561)	(1,908,561)
Common shares issued from related party acquisition					$ 20,000		1,780,000			1,800,000
Common shares issued from related party acquisition, shares					20,000,000
Fair value common shares warrants issued from related party acquisition							2,674,976			2,674,976
Deemed dividend from related party acquisition							(24,913,097)		(441,875)	(25,354,972)
Reciprocal interest in business acquisition						(300,000)				(300,000)
Balance at Mar. 31, 2023	$ 28	$ 1			$ 64,677	(300,000)			(27,471,893)	(27,707,187)
Balance, shares at Mar. 31, 2023	28,000	1,000			64,676,587
Balance at Dec. 31, 2023	$ 28	$ 1	$ 3	$ 17	$ 79,658	(300,000)	28,476,622	$ 31,939	(27,194,738)	1,093,530
Balance, shares at Dec. 31, 2023	28,000	1,000	3,100	17,000	79,658,165
Dividend on Preferred					$ 95		(95)
Dividend on Series C Preferred, shares					94,827
Common shares issued for exercise of warrants					$ 2,485		(2,485)
Common stock issued for warrant exercise, shares					2,484,832
Common shares issued pursuant to promissory notes					$ 50		34,915	(31,939)		$ 3,026
Common shares issued pursuant to promissory notes, shares					50,000
Stock-based compensation							78,047			78,047
Common stock issued for consulting services					$ 1,553		99,367			100,919
Common stock issued for consulting services, shares					1,552,595
Common stock issued from debt conversion					$ 1,224		47,902			49,126
Common stock issued from debt conversion, shares					1,223,776
Series A Preferred shares issued for the conversion of related party debt	$ 89						9,456,161			9,456,250
Series A Preferred shares issued for the conversion of related party debt, shares	89,000
Net loss									3,650,150	3,650,150
Balance at Mar. 31, 2024	$ 117	$ 1	$ 3	$ 17	$ 85,064	$ (300,000)	$ 38,190,434		$ (23,544,588)	$ 14,431,048
Balance, shares at Mar. 31, 2024	117,000	1,000	3,100	17,000	85,064,195

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Cash Flows from Operating Activities
Net income (loss)	$ 3,650,150	$ (1,908,561)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock based compensation	213,931	78,047
Impairment loss	189,369	245,674
Fair value equity securities issued for services		15,000
Loss on debt extinguishment		49,329
Depreciation and amortization	51,531	29,748
Amortization of debt discount		160,830
Excess Fair Value of derivative		36,062
Change in fair value of derivative liability	22,748	397,678
Changes in operating assets and liabilities
Accounts Receivable	146,374	31,280
Prepaid and other current assets		40,363
Other non-current assets	(282,543)	(5,070)
Accounts payable and accrued liabilities	608,001	(15,754)
Accounts payable and accrued liabilities related parties		154,462
Deferred revenue	(4,521,222)	303,713
Accrued interest	63,348	294,346
Contract liability	50,000	129,830
Net cash provided by operating activities	191,688	36,978
Cash Flows from Investing Activities
Cash acquired from RCVD acquisition		321,919
Additional expenditures on land	(259,867)	(215,266)
Building and Construction in Progress payments		(179,700)
Net cash used in investing activities	(259,867)	(73,047)
Cash Flows from Financing Activities
Common stock, warrants and options sold for cash
Cash payments on promissory notes- related parties	(51,267)	(100,850)
Cash payments on promissory notes	(5,000)	(63,058)
Cash payments on convertible notes	(32,003)
Cash proceeds from convertible notes		100,000
Cash proceeds other loans	78,058	23,776
Cash proceeds from promissory notes	75,000	226,220
Net cash provided by financing activities	64,788	186,088
Net (decrease) increase in Cash	(3,392)	150,019
Cash, beginning of period	140,247	49,374	$ 49,374
Cash, end of period	136,856	199,393	$ 140,247
Supplemental disclosure of cash flow information
Cash paid for interest	13,456	47,285
Cash paid for income tax
Non-Cash investing and financing transactions
Dividend on Series B		15,000
Common shares issued with convertible debt	49,126
Series A shares issued for the conversion of related party notes payable	9,456,250
Debt discount from issuance of new promissory notes		104,250
Common shares issued for services	$ 213,931	$ 15,000

NATURE OF OPERATIONS AND GOING CONCERN

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS AND GOING CONCERN

NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN

Nature of Operations

Liquidity and Going Concern

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Principles of Consolidation

The Company’s consolidated subsidiaries and/or entities were as follows:

Name of Consolidated Subsidiary or Entity	State or Other Jurisdiction of Incorporation or Organization	Attributable Interest
ILA Fund I, LLC	Wyoming		100	%
International Land Alliance, S.A. de C.V. (ILA Mexico)	Mexico		100	%
Emerald Grove Estates, LLC	California		100	%
Oasis Park Resort LLC	Wyoming		100	%
Plaza Bajamar LLC	Wyoming		100	%
Plaza Valle Divino, LLC	Wyoming		100	%
Rancho Costa Verde Development, LLC	Nevada		100	%

Reclassification

Certain numbers from 2023 have been reclassified to conform with the current year presentation.

Investments - Equity Method

Use of Estimates

■

Liability for legal contingencies.

	■	Useful life of buildings.
	■	Assumptions used in valuing equity instruments.
	■	Deferred income taxes and related valuation allowances.
	■	Going concern.
	■	Assessment of long-lived assets for impairment.
	■	Significant influence or control over the Company’s investee.
	■	Revenue recognition.

Segment Reporting

Cash and Cash Equivalents

Fair Value of Financial Instruments and Fair Value Measurements

Level 1: uses quoted market prices in active markets for identical assets or liabilities.

Level 2: uses observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: uses unobservable inputs that are not corroborated by market data.

The following table presents balances of the liabilities with significant unobservable inputs (Level 3) as of March 31, 2024:

	Fair Value Measurements at March 31, 2024 Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total

Derivative liability	$	-	$	-	$	804,672	$	804,672
Total	$	-	$	-	$	804,672	$	804,672

The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three months ended March 31, 2024:

	Derivative
	Liability
Balance December 31, 2023	$	781,924

Change in estimated fair value		22,748
Balance March 31, 2024	$	804,672

Derivative Liability

SCHEDULE OF DERIVATIVE LIABILITY

	For the Three Months Ending March 31,
	2024	2023

Expected term	1 month – 1 year	1 month – 1 year
Exercise price	$0.03 - $0.13	$0.05 - $0.10
Expected volatility	176% - 232 %	139% - 163%
Expected dividends	None	None
Risk-free interest rate	5.03% - 5.55 %	4.74% - 5.09%
Forfeitures	None	None

Cost Capitalization

Land Held for Sale

Land and Buildings

Construction in progress (“CIP”)

Fixed Assets

Classification		Life
Buildings		20 years
Furniture and equipment		5 years

Revenue Recognition

The Company determines revenue recognition pursuant to Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, through the following steps:

	■	Identification of the contract, or contracts, with a customer.
	■	Identification of the performance obligations in the agreement(s) for the sale of plots or house construction.
	■	Determination of the transaction price.
	■	Allocation of the transaction price to the performance obligation(s) in the contract.
	■	Recognition of revenue when, or as the Company satisfies a performance obligation.

The Company’s principal activities in the real estate development industry which it generates its revenues from are the sale of developed and undeveloped land and house construction.

The Company recognized $5,088,874 and $240,932, respectively, of net revenue during the three months ended March 31, 2024.

Advertising costs

The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $167,589 and $260,084 for the three months ended March 31, 2024 and 2023, respectively.

Debt issuance costs and debt discounts

Stock-Based Compensation

Income Taxes

Net Earnings (Loss) Per Share

Securities that are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been antidilutive are:

SCHEDULE OF POTENTIALLY DILUTIVE SHARES

	For the three months ended March 31, 2024		For the three months ended March 31, 2023

Options		6,000,000		6,000,000
Warrants		38,107,500		36,867,500
Total potentially dilutive shares		44,107,500		42,867,500

Concentration of Credit Risk

Impairment of Long-lived Assets

Accounts Receivable

Convertible Promissory Note

Recent Accounting Pronouncements

ASSET PURCHASE AND TITLE TRANSFER

3 Months Ended

Mar. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

ASSET PURCHASE AND TITLE TRANSFER

NOTE 3 – ASSET PURCHASE AND TITLE TRANSFER

Emerald Grove Asset Purchase

Oasis Park Title Transfer

The Company transferred title to individual plots of land to the investors since the Company received this approval of change in transfer of title to ILA.

During the three months ended March 31, 2024, the Company did not enter into any new contract to sell plots of land.

The remaining unpaid amount owed to the Company was $58,560 as of March 31, 2024, and December 31, 2023.

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS

NOTE 4 – LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS

Land, buildings, net and construction in process as of March 31, 2024, and December 31, 2023:

SCHEDULE OF LAND AND BUILDING

	Useful life	March 31, 2024			December 31, 2023
Land – Emerald Grove		$	203,419		$	203,419

Land – Rancho Costa Verde Development		$	15,573,107		$	15,348,107

Furniture & equipment, net	5 years	$	2,677		$	2,677

Building	20 years		2,626,288			2,591,421
Less: Accumulated depreciation			(824,127	)		(772,596	)

Building, net		$	1,802,161		$	1,818,825

Depreciation expense was approximately $51,531 and $29,748 for the three months ended March 31, 2024, and 2023, respectively.

Valle Divino

Plaza Bajamar

Rancho Costa Verde Development (“RCVD”)

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2024

RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

Chief Executive Officer – Roberto Valdes

Effective January 1, 2020, the Company executed an employment agreement with its Chief Executive Officer.

Chief Financial Officer – Jason Sunstein

Effective January 1, 2020, the Company executed an employment agreement with its Chief Financial Officer.

The Company’s Chief Financial Officer is also the managing member of Six Twenty Management LLC, an entity that has been providing ongoing capital support to the Company (See Note 8).

The Company’s Chief Financial Officer also facilitated the Emerald Grove asset purchase as described in Note 3.

President – Frank Ingrande

In May 2021, the Company executed an employment agreement with its President.

The Company has not accrued or paid any salary to its President for the three months ended March 31, 2024. The balance owed is $66,846 as of March 31, 2024, and December 31, 2023, respectively.

International Real Estate Development, LLC. (“IRED”)

PROMISSORY NOTES

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

PROMISSORY NOTES

NOTE 6 – PROMISSORY NOTES

Promissory notes consisted of the following at March 31 2024 and December 31, 2023:

SCHEDULE OF PROMISSORY NOTES

	March 31, 2024		December 31, 2023

Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Elder note payable, 10% interest, due March 2020 – past maturity		1,500		1,500
Elder note payable, 15% interest, due March 2021- past maturity		76,477		76,477
Griffith note payable, 15% interest, due May 2024		250,000		250,000
Banker note payable, 15% interest, due October 2023 – past maturity		92,500		97,500
Robles note payable, 10% interest, due November 2023 – past maturity		37,500		37,500
Kitchner note payable, 10% interest, due July 2024		75,000		-
Victrix note payable, 20% interest, due March 2024		400,000		400,000
Redwood Trust note payable, 12% interest, due January 2024 – past maturity		1,787,000		1,787,000
Total Notes payable	$	2,744,762	$	2,674,762
Less discounts		-		-

Total Promissory notes, net of discount		2,744,762		2,674,762

Less current portion		(2,744,762)		(2,674,762	)

Total Promissory notes, net of discount - long term	$	-	$	-

Redwood Trust

Victrix LLC

Cash Call, Inc. – In default

Christopher Elder – In default

There was no activity during the three months ended March 31, 2024. As of March 31, 2024 and December 31, 2023, the remaining principal balance was $76,477, respectively.

The Company incurred approximately $2,868 of interest during the three months ended March 31, 2024. Accrued interest was $37,839 and $34,971 as of March 31, 2024 and December 31, 2023, respectively.

Bobbie Allen Griffith

The Company initially recognized a debt discount and stock payable on this note of $20,777, which was fully amortized as of December 31, 2023.

George Banker – In Default

Accrued interest was $22,500 as of March 31, 2024 and December 31, 2023, respectively. As of December 31, 2023, the remaining principal balance was $92,500.

The Company initially recognized a debt discount and stock payable on this note of $5,769, which was fully amortized as of December 31, 2023.

George Robles – In Default

Accrued interest was $7,500 as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024 and December 31, 2023, respectively, the remaining principal balance was $37,500.

The Company initially recognized a debt discount and stock payable on this note of $5,393, which was fully amortized as of December 31, 2023.

Kitchner

Accrued interest was $7,500 as of March 31, 2024. As of March 31, 2024, the remaining principal balance was $75,000.

CONVERTIBLE NOTES

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

CONVERTIBLE NOTES

NOTE 7 – CONVERTIBLE NOTES

Convertible notes consisted of the following at March 31, 2024 and December 31, 2023:

SCHEDULE OF CONVERTIBLE NOTES

	March 31, 2024			December 31, 2023

1800 Diagonal convertible note #5, 9% interest, due June 2024		55,000			55,000
1800 Diagonal convertible note #6, 10% interest, due September 2024		35,211			68,511
1800 Diagonal convertible note #7, 10% interest, due September 2024		61,600			61,600
Mast Hill convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
Blue Lake convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
International Real Estate Development, 5% interest, due March 2024		-			8,900,000
Total convertible notes	$	651,811		$	9,585,111
Less discounts		(31,737	)		(33,034	)

Total convertible notes, net of discount		620,074			9,552,077

Less current portion		(620,074	)		(9,552,077	)

Total convertible notes, net of discount - long term	$	-		$	-

Mast Hill Fund, L.P (“Mast note”) - In default

During the year ended December 31, 2023, the Company converted approximately $133,096 of interest and default premium into 1,664,857 shares of common stock.

Blue Lake Partners LLC (“Blue Lake note”) – In default

1800 Diagonal Lending Inc. (“Diagonal note”)

Diagonal note #5

The balance of the Diagonal note #5 was $55,000 as of March 31, 2024 and December 31, 2023.

Diagonal note #6

The balance of the Diagonal note #6 was $35,211 and $68,511, respectively, as of March 31, 2024 and December 31, 2023.

Diagonal note #7

The balance of the Diagonal note #7 was $61,600 as of March 31, 2024 and December 31, 2023.

International Real Estate Development, LLC. - In default

PROMISSORY NOTES – RELATED PARTY

3 Months Ended

Mar. 31, 2024

Promissory Notes Related Party

PROMISSORY NOTES – RELATED PARTY

NOTE 8 – PROMISSORY NOTES – RELATED PARTY

Related party promissory notes consisted of the following at March 31, 2024, and December 31, 2023:

	March 31, 2024		December 31, 2023
Frank Ingrande – On demand	$	-	$	10,394
Lisa Landau – On demand		53,232		94,104
Total promissory notes, net of discount current	$	53,232	$	104,498

Lisa Landau

The principal balance was $53,232 and $94,104, respectively, as of March 31, 2024 and December 31, 2023, respectively. The advances are on demand but do not carry any interest.

BUSINESS ACQUISITION IN STAGES

3 Months Ended

Mar. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

BUSINESS ACQUISITION IN STAGES

NOTE 9 – BUSINESS ACQUISITION IN STAGES

As of December 31, 2023, the Company finalized its purchase price allocation and valuation for the acquisition of RCVD.

The acquisition-date fair value of the consideration transferred is as follows:

	January 3, 2023

Fair value of common stock	$	1,800,000
Fair value of common stock warrants		2,674,972
Promissory notes	$	8,900,000
Fair value of consideration transferred	$	13,374,972

The following is the purchase price allocation as of the January 3, 2023, acquisition date:

	January 3, 2023
Cash	$	321,916
Accounts receivable		1,900,388
Other current assets		342,574
Fixed Assets		16,213,967
Accounts payable and accrued expenses		(652,329	)
Mortgage loans		(6,576,566	)
Related party notes		(16,545	)
Deferred revenue		(9,276,620	)
Net Assets Acquired	$	2,256,785
Goodwill		11,118,187
Total consideration	$	13,374,972

Pro Forma Financial Information

The following unaudited pro forma consolidated results of operations for the years ended December 31, 2023 and 2022 assume the acquisition was completed on January 1, 2022:

	2023			2022
	Years Ended December 31,
	2023			2022
Pro forma net revenues		1,090,617			1,516,622
Pro forma net loss		(1,110,022	)		(926,798	)

Common Stock warrants

At acquisition date, the Company measures the fair value of the common stock warrant using the Black-Scholes option valuation model using the following assumptions as of December 31, 2023:

Expected term	5 years
Exercise price	$	0.10
Expected volatility		145	%
Risk-free interest rate		3.94	%
Forfeitures		None

The Company computes the fair value of the common stock warrants at the acquisition date, which does not have to be updated at each reporting period.

EQUITY METHOD INVESTMENT

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

EQUITY METHOD INVESTMENT

NOTE 10 – EQUITY METHOD INVESTMENT

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 11 – COMMITMENTS AND CONTINGENCIES

Commitment to Purchase Land (Valle Divino)

Land purchase- Plaza Bajamar.

Commitment to Sell Land (IntegraGreen)

The Company fully impaired the carrying balance of its account receivable owed by IntegraGreen as of December 31, 2023

Oasis Park Resort construction budget

Litigation Costs and Contingencies

STOCKHOLDERS’ EQUITY (DEFICIT)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY (DEFICIT)

NOTE 12 – STOCKHOLDERS’ EQUITY (DEFICIT)

Equity Incentive Plans

2022 Equity Incentive Plan

2020 Equity Incentive Plan

2019 Equity Incentive Plan

Activity during the three months ended March 31, 2024

During the three months ended March 31, 2024, the Company issued 1,552,595 shares of common stock pursuant to consulting agreements for a total fair value of approximately $100,919.

During the three months ended March 31, 2024, the Company issued 1,223,776 shares of common stock pursuant to the conversion of convertible notes payable.

During the three months ended March 31, 2024, the Company issued 2,484,832 shares of common stock pursuant to the exercise of warrants.

During the three months ended March 31, 2024, the Company issued 50,000 shares of common stock pursuant to a promissory note agreement. The shares were valued at $34,915.

During the three months ended March 31, 2024, the Company issued 94,824 shares of common stock pursuant to a stock dividend arrangement for Series C Preferred Stock.

Activity during the three months ended March 31, 2023

During the three months ended March 31, 2023, the Company issued 100,000 shares of common stock pursuant to a consulting agreement for a total fair value of approximately $15,000.

During the three months ended March 31, 2023, the Company issued 20,000,000 shares of common stock pursuant to a business acquisition with a fair value of $1,800,000.

During the three months ended March 31, 2023, the Company issued 1,077,164 shares of common stock pursuant to the conversion of convertible notes.

Preferred Stock

The Securities Purchase Agreement (“SPA”) states that the in-kind accrual rate should be increased by 8% per annum upon each occurrence of an event of default.

Warrants

A summary of the Company’s warrant activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF WARRANTS ACTIVITY

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		38,107,500	$	0.16		4.17
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		38,107,500	$	0.16		3.67

Exercisable at March 31, 2024		38,107,500

The aggregate intrinsic value as of March 31, 2024 and December 31, 2023, was $0, respectively.

Options

A summary of the Company’s option activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF OPTION ACTIVITY

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		6,000,000	$	0.34		3.14
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		6,000,000	$	0.34		2.64

Exercisable at March 31, 2024		6,000,000

Options outstanding as of March 31, 2024, and December 31, 2023, had aggregate intrinsic value of $0, respectively.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

From April 1, 2024 through the date these financial statements were issued, the Company issued 1,000,000 shares of common stock for services valued at approximately $66,000.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Principles of Consolidation

Principles of Consolidation

The Company’s consolidated subsidiaries and/or entities were as follows:

Name of Consolidated Subsidiary or Entity	State or Other Jurisdiction of Incorporation or Organization	Attributable Interest
ILA Fund I, LLC	Wyoming		100	%
International Land Alliance, S.A. de C.V. (ILA Mexico)	Mexico		100	%
Emerald Grove Estates, LLC	California		100	%
Oasis Park Resort LLC	Wyoming		100	%
Plaza Bajamar LLC	Wyoming		100	%
Plaza Valle Divino, LLC	Wyoming		100	%
Rancho Costa Verde Development, LLC	Nevada		100	%

Reclassification

Reclassification

Certain numbers from 2023 have been reclassified to conform with the current year presentation.

Investments - Equity Method

Investments - Equity Method

Use of Estimates

Use of Estimates

■

Liability for legal contingencies.

	■	Useful life of buildings.
	■	Assumptions used in valuing equity instruments.
	■	Deferred income taxes and related valuation allowances.
	■	Going concern.
	■	Assessment of long-lived assets for impairment.
	■	Significant influence or control over the Company’s investee.
	■	Revenue recognition.

Segment Reporting

Segment Reporting

Cash and Cash Equivalents

Cash and Cash Equivalents

Fair Value of Financial Instruments and Fair Value Measurements

Fair Value of Financial Instruments and Fair Value Measurements

Level 1: uses quoted market prices in active markets for identical assets or liabilities.

Level 2: uses observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: uses unobservable inputs that are not corroborated by market data.

The following table presents balances of the liabilities with significant unobservable inputs (Level 3) as of March 31, 2024:

	Fair Value Measurements at March 31, 2024 Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total

Derivative liability	$	-	$	-	$	804,672	$	804,672
Total	$	-	$	-	$	804,672	$	804,672

The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three months ended March 31, 2024:

	Derivative
	Liability
Balance December 31, 2023	$	781,924

Change in estimated fair value		22,748
Balance March 31, 2024	$	804,672

Derivative Liability

Derivative Liability

SCHEDULE OF DERIVATIVE LIABILITY

	For the Three Months Ending March 31,
	2024	2023

Expected term	1 month – 1 year	1 month – 1 year
Exercise price	$0.03 - $0.13	$0.05 - $0.10
Expected volatility	176% - 232 %	139% - 163%
Expected dividends	None	None
Risk-free interest rate	5.03% - 5.55 %	4.74% - 5.09%
Forfeitures	None	None

Cost Capitalization

Cost Capitalization

Land Held for Sale

Land Held for Sale

Land and Buildings

Land and Buildings

Construction in progress (“CIP”)

Construction in progress (“CIP”)

Fixed Assets

Fixed Assets

Classification		Life
Buildings		20 years
Furniture and equipment		5 years

Revenue Recognition

Revenue Recognition

The Company determines revenue recognition pursuant to Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, through the following steps:

	■	Identification of the contract, or contracts, with a customer.
	■	Identification of the performance obligations in the agreement(s) for the sale of plots or house construction.
	■	Determination of the transaction price.
	■	Allocation of the transaction price to the performance obligation(s) in the contract.
	■	Recognition of revenue when, or as the Company satisfies a performance obligation.

The Company’s principal activities in the real estate development industry which it generates its revenues from are the sale of developed and undeveloped land and house construction.

The Company recognized $5,088,874 and $240,932, respectively, of net revenue during the three months ended March 31, 2024.

Advertising costs

Advertising costs

The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $167,589 and $260,084 for the three months ended March 31, 2024 and 2023, respectively.

Debt issuance costs and debt discounts

Debt issuance costs and debt discounts

Stock-Based Compensation

Stock-Based Compensation

Income Taxes

Income Taxes

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share

Securities that are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been antidilutive are:

SCHEDULE OF POTENTIALLY DILUTIVE SHARES

	For the three months ended March 31, 2024		For the three months ended March 31, 2023

Options		6,000,000		6,000,000
Warrants		38,107,500		36,867,500
Total potentially dilutive shares		44,107,500		42,867,500

Concentration of Credit Risk

Concentration of Credit Risk

Impairment of Long-lived Assets

Impairment of Long-lived Assets

Accounts Receivable

Accounts Receivable

Convertible Promissory Note

Convertible Promissory Note

Recent Accounting Pronouncements

Recent Accounting Pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY

The Company’s consolidated subsidiaries and/or entities were as follows:

Name of Consolidated Subsidiary or Entity	State or Other Jurisdiction of Incorporation or Organization	Attributable Interest
ILA Fund I, LLC	Wyoming		100	%
International Land Alliance, S.A. de C.V. (ILA Mexico)	Mexico		100	%
Emerald Grove Estates, LLC	California		100	%
Oasis Park Resort LLC	Wyoming		100	%
Plaza Bajamar LLC	Wyoming		100	%
Plaza Valle Divino, LLC	Wyoming		100	%
Rancho Costa Verde Development, LLC	Nevada		100	%

SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS

The following table presents balances of the liabilities with significant unobservable inputs (Level 3) as of March 31, 2024:

	Fair Value Measurements at March 31, 2024 Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total

Derivative liability	$	-	$	-	$	804,672	$	804,672
Total	$	-	$	-	$	804,672	$	804,672

SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS

The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three months ended March 31, 2024:

	Derivative
	Liability
Balance December 31, 2023	$	781,924

Change in estimated fair value		22,748
Balance March 31, 2024	$	804,672

SCHEDULE OF DERIVATIVE LIABILITY

	For the Three Months Ending March 31,
	2024	2023

Expected term	1 month – 1 year	1 month – 1 year
Exercise price	$0.03 - $0.13	$0.05 - $0.10
Expected volatility	176% - 232 %	139% - 163%
Expected dividends	None	None
Risk-free interest rate	5.03% - 5.55 %	4.74% - 5.09%
Forfeitures	None	None

SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES

Classification		Life
Buildings		20 years
Furniture and equipment		5 years

SCHEDULE OF POTENTIALLY DILUTIVE SHARES

Securities that are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been antidilutive are:

SCHEDULE OF POTENTIALLY DILUTIVE SHARES

	For the three months ended March 31, 2024		For the three months ended March 31, 2023

Options		6,000,000		6,000,000
Warrants		38,107,500		36,867,500
Total potentially dilutive shares		44,107,500		42,867,500

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

SCHEDULE OF LAND AND BUILDING

Land, buildings, net and construction in process as of March 31, 2024, and December 31, 2023:

SCHEDULE OF LAND AND BUILDING

	Useful life	March 31, 2024			December 31, 2023
Land – Emerald Grove		$	203,419		$	203,419

Land – Rancho Costa Verde Development		$	15,573,107		$	15,348,107

Furniture & equipment, net	5 years	$	2,677		$	2,677

Building	20 years		2,626,288			2,591,421
Less: Accumulated depreciation			(824,127	)		(772,596	)

Building, net		$	1,802,161		$	1,818,825

PROMISSORY NOTES (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

SCHEDULE OF PROMISSORY NOTES

Promissory notes consisted of the following at March 31 2024 and December 31, 2023:

SCHEDULE OF PROMISSORY NOTES

	March 31, 2024		December 31, 2023

Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Cash Call note payable, due August 2020 – past maturity	$	24,785	$	24,785
Elder note payable, 10% interest, due March 2020 – past maturity		1,500		1,500
Elder note payable, 15% interest, due March 2021- past maturity		76,477		76,477
Griffith note payable, 15% interest, due May 2024		250,000		250,000
Banker note payable, 15% interest, due October 2023 – past maturity		92,500		97,500
Robles note payable, 10% interest, due November 2023 – past maturity		37,500		37,500
Kitchner note payable, 10% interest, due July 2024		75,000		-
Victrix note payable, 20% interest, due March 2024		400,000		400,000
Redwood Trust note payable, 12% interest, due January 2024 – past maturity		1,787,000		1,787,000
Total Notes payable	$	2,744,762	$	2,674,762
Less discounts		-		-

Total Promissory notes, net of discount		2,744,762		2,674,762

Less current portion		(2,744,762)		(2,674,762	)

Total Promissory notes, net of discount - long term	$	-	$	-

CONVERTIBLE NOTES (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

SCHEDULE OF CONVERTIBLE NOTES

Convertible notes consisted of the following at March 31, 2024 and December 31, 2023:

SCHEDULE OF CONVERTIBLE NOTES

	March 31, 2024			December 31, 2023

1800 Diagonal convertible note #5, 9% interest, due June 2024		55,000			55,000
1800 Diagonal convertible note #6, 10% interest, due September 2024		35,211			68,511
1800 Diagonal convertible note #7, 10% interest, due September 2024		61,600			61,600
Mast Hill convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
Blue Lake convertible note, 16% interest, due March 2023 (in default)		250,000			250,000
International Real Estate Development, 5% interest, due March 2024		-			8,900,000
Total convertible notes	$	651,811		$	9,585,111
Less discounts		(31,737	)		(33,034	)

Total convertible notes, net of discount		620,074			9,552,077

Less current portion		(620,074	)		(9,552,077	)

Total convertible notes, net of discount - long term	$	-		$	-

PROMISSORY NOTES – RELATED PARTY (Tables)

3 Months Ended

Mar. 31, 2024

Promissory Notes Related Party

Related party promissory notes consisted of the following at March 31, 2024, and December 31, 2023:

	March 31, 2024		December 31, 2023
Frank Ingrande – On demand	$	-	$	10,394
Lisa Landau – On demand		53,232		94,104
Total promissory notes, net of discount current	$	53,232	$	104,498

BUSINESS ACQUISITION IN STAGES (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED

The acquisition-date fair value of the consideration transferred is as follows:

	January 3, 2023

Fair value of common stock	$	1,800,000
Fair value of common stock warrants		2,674,972
Promissory notes	$	8,900,000
Fair value of consideration transferred	$	13,374,972

SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION

The following is the purchase price allocation as of the January 3, 2023, acquisition date:

	January 3, 2023
Cash	$	321,916
Accounts receivable		1,900,388
Other current assets		342,574
Fixed Assets		16,213,967
Accounts payable and accrued expenses		(652,329	)
Mortgage loans		(6,576,566	)
Related party notes		(16,545	)
Deferred revenue		(9,276,620	)
Net Assets Acquired	$	2,256,785
Goodwill		11,118,187
Total consideration	$	13,374,972

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION

The following unaudited pro forma consolidated results of operations for the years ended December 31, 2023 and 2022 assume the acquisition was completed on January 1, 2022:

	2023			2022
	Years Ended December 31,
	2023			2022
Pro forma net revenues		1,090,617			1,516,622
Pro forma net loss		(1,110,022	)		(926,798	)

SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS

At acquisition date, the Company measures the fair value of the common stock warrant using the Black-Scholes option valuation model using the following assumptions as of December 31, 2023:

Expected term	5 years
Exercise price	$	0.10
Expected volatility		145	%
Risk-free interest rate		3.94	%
Forfeitures		None

STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

SCHEDULE OF WARRANTS ACTIVITY

A summary of the Company’s warrant activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF WARRANTS ACTIVITY

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		38,107,500	$	0.16		4.17
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		38,107,500	$	0.16		3.67

Exercisable at March 31, 2024		38,107,500

SCHEDULE OF OPTION ACTIVITY

A summary of the Company’s option activity during the three months ended March 31, 2024, is presented below:

SCHEDULE OF OPTION ACTIVITY

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2023		6,000,000	$	0.34		3.14
Granted		-		-		-
Exercised		-		-		-
Forfeited-Canceled		-		-		-
Outstanding at March 31, 2024		6,000,000	$	0.34		2.64

Exercisable at March 31, 2024		6,000,000

NATURE OF OPERATIONS AND GOING CONCERN (Details Narrative)		3 Months Ended
	Jan. 03, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	May 31, 2021 a
Restructuring Cost and Reserve [Line Items]
Working capital		$ 13,700,000
Net loss		(3,650,150)	$ 1,908,561
Accumulated deficit		$ (23,544,588)		$ (27,194,738)
Rancho Costa Verde Development, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Equity investement acquired percentage	75.00%				25.00%
Land in acres \| a					1,100
Consideration amount paid	$ 13,500,000

SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY (Details) - Equity Investees Interest [Member]	3 Months Ended
	Mar. 31, 2024
ILA Fund I, LLC [Member]
State or Other Jurisdiction of Incorporation or Organization	Wyoming
Attributable Interest	100.00%
International Land Alliance, S.A. de C.V. (ILA Mexico) [Member]
State or Other Jurisdiction of Incorporation or Organization	Mexico
Attributable Interest	100.00%
Emerald Grove Estates, LLC [Member]
State or Other Jurisdiction of Incorporation or Organization	California
Attributable Interest	100.00%
Oasis Park Resort L L C [Member]
State or Other Jurisdiction of Incorporation or Organization	Wyoming
Attributable Interest	100.00%
Plaza Bajamar, LLC [Member]
State or Other Jurisdiction of Incorporation or Organization	Wyoming
Attributable Interest	100.00%
Plaza Valle Divino, LLC [Member]
State or Other Jurisdiction of Incorporation or Organization	Wyoming
Attributable Interest	100.00%
Rancho Costa Verde Development, LLC [Member]
State or Other Jurisdiction of Incorporation or Organization	Nevada
Attributable Interest	100.00%

SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Platform Operator, Crypto Asset [Line Items]
Derivative liability	$ 804,672	$ 781,924
Total liabilities	804,672
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability
Total liabilities
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability
Total liabilities
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	804,672
Total liabilities	$ 804,672

SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS (Details)	3 Months Ended
	Mar. 31, 2024 USD ($)
Accounting Policies [Abstract]
Balance of derivative liabilities	$ 781,924
Change in fair value of derivative liability	22,748
Balance of derivative liabilities	$ 804,672

SCHEDULE OF DERIVATIVE LIABILITY (Details)	3 Months Ended
SCHEDULE OF DERIVATIVE LIABILITY (Details)	Mar. 31, 2024 $ / shares	Mar. 31, 2023 $ / shares
Measurement Input, Expected Term [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Expected term	1 month	1 month
Measurement Input, Expected Term [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Expected term	1 year	1 year
Measurement Input, Exercise Price [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	0.03	0.05
Measurement Input, Exercise Price [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	0.13	0.10
Measurement Input, Price Volatility [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	176	139
Measurement Input, Price Volatility [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	232	163
Measurement Input, Expected Dividend Rate [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	0	0
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	5.03	4.74
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	5.55	5.09
Measurement Input Forfeitures [Member]
Property, Plant and Equipment [Line Items]
Forfeitures	0	0

SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES (Details)	Mar. 31, 2024
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

SCHEDULE OF POTENTIALLY DILUTIVE SHARES (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	44,107,500	42,867,500
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	6,000,000	6,000,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	38,107,500	36,867,500

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended
	Jan. 03, 2023	Jan. 01, 2023	May 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Revenue from contract with customer				$ 5,088,874	$ 240,932
Advertising costs				$ 167,589	$ 260,084
Allowance for doubtful accounts						$ 0	$ 0
Rancho Costa Verde Development, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Consideration amount	$ 13,374,972	$ 13,500,000	$ 2,680,000

ASSET PURCHASE AND TITLE TRANSFER (Details Narrative)			12 Months Ended
ASSET PURCHASE AND TITLE TRANSFER (Details Narrative)	Sep. 29, 2021 USD ($)	Jul. 30, 2018 USD ($) a	Dec. 31, 2021 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Mar. 31, 2021 USD ($)	Jun. 18, 2019 USD ($) a	Mar. 18, 2019 USD ($)
Aggregate property principal amount				$ 1,802,161	$ 1,818,825
Unpaid amount owed				$ 58,560	58,560
Baja Residents Club (BRC) [Member] \| Robert Valdes [Member]
Area of land \| a								497
Assets held for sale						$ 647,399		$ 670,000
Construction contract for consideration	$ 99,000
Construction contract for consideration funded					43,967
Total purchase price			$ 120,000
Total purchase price funded amount					$ 61,440
Jason Sunstein [Member] \| Residential Purchase Agreement (RPA) [Member]
Area of land \| a		80
Acquire real property		$ 1,100,000
Acquisition costs assets									$ 1,122,050
Acquisition costs for land									271,225
Acquisition costs for building									$ 850,825
Aggregate property principal amount							$ 1,787,000
Property funding amount							$ 387,000
Jason Sunstein [Member] \| Residential Purchase Agreement (RPA) [Member] \| First and Second Mortgage Loans [Member]
Area of land \| a		80

SCHEDULE OF LAND AND BUILDING (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (824,127)	$ (772,596)
Buildings, net	1,802,161	1,818,825
Land - Emerald Grove [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	203,419	203,419
Land - Rancho Costa Verde Development [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	15,573,107	15,348,107
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	$ 2,677	2,677
Useful life of asset	5 years
Building - Emerald Grove & RCVD [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	$ 2,626,288	$ 2,591,421
Useful life of asset	20 years

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS (Details Narrative)	1 Months Ended			3 Months Ended		12 Months Ended
	Dec. 31, 2019 USD ($)	Nov. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)	Mar. 31, 2024 USD ($) a shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Depreciation expenses				$ 51,531	$ 29,748
Payments to acquire productive assets					$ 179,700
Land and buildings, net				1,802,161		$ 1,818,825
Proceeds from sale of construction				1,500,000
Funded amount				$ 500,000
Prepaid And Other Current Assets [Member]
Common stock issued with lot sale, shares \| shares				250,000
Common stock issued with lot sale						150,000
Plaza Bajamar [Member]
Payments to acquire productive assets						179,700
Payments for construction in process						179,700
Land and buildings, net				$ 0		0
Roberto Valdes [Member] \| Two Model Villas [Member]
Payments to acquire property, plant, and equipment	$ 250,000	$ 250,000
Payments for construction in process	150,000	150,000
Down payment for purchase of land	$ 100,000	$ 100,000
Roberto Valdes [Member]
Consideration amount			$ 1,000,000
Roberto Valdes [Member]
Asset acquisition consideration percentage			100.00%
Plaza Bajamar [Member]
Area of land acquired \| a				1,150
Valle Divino [Member]
Area of land acquired \| a				20
Construction in process, balance				$ 0		0
Payments to acquire productive assets						$ 457,275
Rancho Costa Verde Development [Member]
Area of land acquired \| a				1,000

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				3 Months Ended	12 Months Ended
	Mar. 31, 2023	Jan. 01, 2023	Dec. 01, 2022	Mar. 31, 2024	Dec. 31, 2023	Jan. 03, 2023	May 31, 2021
Number of shares stock options
Convertible Promissory Note [Member] \| RCVD [Member]
Convertible note, percentage				5.00%
Convertible Promissory Note [Member] \| Diagonal Note #4 [Member]
Convertible note, percentage		12.00%
Convertible Promissory Note [Member] \| International Real Estate Development LLC [Member]
Gross proceeds		$ 8,900,000
Quarterly installment	$ 2,225,000
Rancho Costa Verde Development, LLC [Member]
Remaining Interest percentage						75.00%	25.00%
2021 Plan [Member] \| Nonconsolidated Investees, Other [Member]
Remaining vesting percentage				33.00%	33.00%
2021 Plan [Member] \| Nonconsolidated Investees, Other [Member] \| IRED [Member]
Remaining vesting percentage				33.00%
2021 Plan [Member] \| Nonconsolidated Investees, Other [Member] \| RCVD [Member]
Remaining vesting percentage				25.00%
Employment Agreement [Member] \| Frank Ingrande [Member]
Remaining Interest percentage					75.00%
Employment Agreement [Member] \| Frank Ingrande [Member]
Remaining vesting percentage					33.00%
International Real Estate Development LLC [Member] \| Frank Ingrande [Member]
Remaining Interest percentage				75.00%	75.00%
International Real Estate Development LLC [Member] \| Rancho Costa Verde Development, LLC [Member] \| Series A Preferred Stock [Member]
Convertion of stock, shares				89,000
Chief Executive Officer [Member]
Construction on residential fund					$ 251,000
Chief Executive Officer [Member] \| Employment Agreement [Member] \| 2022 Plan [Member]
Number of shares stock options			465,834
Strike price			$ 0.20
Stock option vesting percentage			25.00%
Remaining vesting percentage			75.00%
Estimated fair value			$ 90,188
Chief Executive Officer [Member] \| Employment Agreement [Member] \| 2022 Plan [Member] \| Equity Option [Member]
Share-based payment arrangement, expense				$ 16,900
Chief Executive Officer [Member] \| Land [Member]
Construction on residential fund				1,400,000
Chief Executive Officer [Member] \| Related Party [Member]
Balance owed to related party				66,846	66,846
Chief Financial Officer [Member] \| Employment Agreement [Member] \| 2022 Plan [Member]
Number of shares stock options			465,834
Strike price			$ 0.20
Stock option vesting percentage			25.00%
Remaining vesting percentage			75.00%
Estimated fair value			$ 90,188
Chief Financial Officer [Member] \| Employment Agreement [Member] \| 2022 Plan [Member] \| Equity Option [Member]
Share-based payment arrangement, expense				16,900
Chief Financial Officer [Member] \| Related Party [Member]
Balance owed to related party				66,846	66,846
President [Member] \| Employment Agreement [Member] \| 2022 Plan [Member]
Number of shares stock options			465,834
Strike price			$ 0.20
Stock option vesting percentage			25.00%
Remaining vesting percentage			75.00%
Estimated fair value			$ 90,188
President [Member] \| Employment Agreement [Member] \| 2022 Plan [Member] \| Equity Option [Member]
Share-based payment arrangement, expense				16,900
President [Member] \| Related Party [Member]
Balance owed to related party				$ 66,846	$ 66,846

SCHEDULE OF PROMISSORY NOTES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	$ 2,744,762	$ 2,674,762
Less discounts
Total Promissory notes, net of discount	2,744,762	2,674,762
Less current portion	(2,744,762)	(2,674,762)
Total Promissory notes, net of discount - long term
Cash Call, Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	24,785	24,785
Christopher Elder Member Note One [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	1,500	1,500
Christopher Elder Member Note Two [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	76,477	76,477
Bobbie Allen Griffith [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	250,000	250,000
George Banker [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	92,500	97,500
George Robles [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	37,500	37,500
Kitchner [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	75,000
Victrix [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	400,000	400,000
Redwood Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	$ 1,787,000	$ 1,787,000

SCHEDULE OF PROMISSORY NOTES (Details) (Parenthetical)	3 Months Ended
SCHEDULE OF PROMISSORY NOTES (Details) (Parenthetical)	Mar. 31, 2024	Sep. 05, 2023	Aug. 11, 2023	Jan. 21, 2021	Mar. 19, 2018
Cash Call, Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	August 2020
Debt instrument, interest rate					94.00%
Christopher Elder Member Note One [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	March 2020
Debt instrument, interest rate	10.00%
Christopher Elder Member Note Two [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	March 2021
Debt instrument, interest rate	15.00%
Bobbie Allen Griffith [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	May 2024
Debt instrument, interest rate	15.00%	15.00%
George Banker [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	October 2023
Debt instrument, interest rate	15.00%		15.00%
George Robles [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	November 2023
Debt instrument, interest rate	10.00%
Kitchner [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	July 2024
Debt instrument, interest rate	10.00%
Victrix [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	March 2024
Debt instrument, interest rate	20.00%
Redwood Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	January 2024 – past maturity
Debt instrument, interest rate	12.00%			12.00%

SCHEDULE OF CONVERTIBLE NOTES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Total convertible notes	$ 651,811	$ 9,585,111
Less discounts	(31,737)	(33,034)
Total convertible notes, net of discount	620,074	9,552,077
Less current portion	(620,074)	(9,552,077)
Total convertible notes, net of discount - long term
1800 Diagonal Convertible Note #5 [Member]
Short-Term Debt [Line Items]
Total convertible notes	55,000	55,000
1800 Diagonal Convertible Note #6 [Member]
Short-Term Debt [Line Items]
Total convertible notes	35,211	68,511
1800 Diagonal convertible note #7 [Member]
Short-Term Debt [Line Items]
Total convertible notes	61,600	61,600
Mast Hill Convertible Note [Member]
Short-Term Debt [Line Items]
Total convertible notes	250,000	250,000
Blue Lake Convertible Note [Member]
Short-Term Debt [Line Items]
Total convertible notes	250,000	250,000
International Real Estate Development [Member]
Short-Term Debt [Line Items]
Total convertible notes		$ 8,900,000

SCHEDULE OF CONVERTIBLE NOTES (Details) (Parenthetical)	3 Months Ended
SCHEDULE OF CONVERTIBLE NOTES (Details) (Parenthetical)	Mar. 31, 2024
1800 Diagonal Convertible Note #5 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	9.00%
Debt instrument, maturity date, description	June 2024
1800 Diagonal Convertible Note #6 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	10.00%
Debt instrument, maturity date, description	September 2024
1800 Diagonal convertible note #7 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	10.00%
Debt instrument, maturity date, description	September 2024
Mast Hill Convertible Note [Member]
Short-Term Debt [Line Items]
Debt, interest rate	16.00%
Debt instrument, maturity date, description	March 2023
Blue Lake Convertible Note [Member]
Short-Term Debt [Line Items]
Debt, interest rate	16.00%
Debt instrument, maturity date, description	March 2023
International Real Estate Development [Member]
Short-Term Debt [Line Items]
Debt, interest rate	5.00%
Debt instrument, maturity date, description	March 2024

PROMISSORY NOTES (Details Narrative)					3 Months Ended	12 Months Ended
PROMISSORY NOTES (Details Narrative)	Jun. 27, 2023	Aug. 02, 2022 USD ($)	Jan. 21, 2021 USD ($) a	Mar. 19, 2018 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 06, 2023 USD ($) a shares	Sep. 05, 2023 USD ($)	Sep. 01, 2023 USD ($)	Aug. 11, 2023 USD ($)	Dec. 15, 2020 USD ($)
Short-Term Debt [Line Items]
Debt discount and stock payable					$ 31,737	$ 33,034
Principal balance outstanding					$ 2,744,762	2,674,762
Victrix LLC [Member] \| Promissory Note [Member]
Short-Term Debt [Line Items]
Land in acres \| a							80
Debt instrument face amount							$ 400,000
Debt instrument, interest rate							20.00%
Collatrized shares of common stock \| shares							2,000,000
Redwood Trust [Member]
Short-Term Debt [Line Items]
Land in acres \| a			80
Debt instrument face amount			$ 1,787,000
Debt instrument, interest rate			12.00%		12.00%
Debt instrument, periodic payment			$ 17,870
Debt instrument, maturity date			Feb. 01, 2023
Payments for mortgage deposits			$ 387,000
Debt instrument, extended maturity date	Jan. 01, 2024
Interest expense debt					$ 254,648
Interest paid					263,377
Accrued interest					649	649
Principal balance outstanding					1,787,000	1,787,000
Cash Call, Inc [Member]
Short-Term Debt [Line Items]
Debt instrument face amount		$ 23,641		$ 75,000
Debt instrument, interest rate				94.00%
Debt instrument, periodic payment		$ 3,152
Debt instrument, maturity date				Aug. 01, 2020
Debt discount and stock payable				$ 7,500
Principal balance outstanding					24,785	24,785
Christopher Elder [Member]
Short-Term Debt [Line Items]
Debt instrument face amount											$ 126,477
Debt instrument, interest rate											18.00%
Interest expense debt					2,868
Accrued interest					37,839	34,971
Principal balance outstanding					$ 76,477	76,477
Bobbie Allen Griffith [Member]
Short-Term Debt [Line Items]
Debt instrument face amount								$ 215,000
Debt instrument, interest rate					15.00%			15.00%
Debt instrument, periodic payment						250,000
Interest expense debt					$ 3,875
Accrued interest					19,375	15,500
Debt discount and stock payable						20,777
Principal balance outstanding					250,000	250,000
Principal balance outstanding					$ 250,000	250,000
George Banker [Member]
Short-Term Debt [Line Items]
Debt instrument face amount										$ 150,000
Debt instrument, interest rate					15.00%					15.00%
Accrued interest					$ 22,500	22,500
Debt discount and stock payable						5,769
Principal balance outstanding					$ 92,500	97,500
Principal balance outstanding						92,500
George Robles [Member]
Short-Term Debt [Line Items]
Debt instrument face amount									$ 100,000
Debt instrument, interest rate					10.00%
Accrued interest					$ 7,500	7,500
Debt discount and stock payable						5,393
Principal balance outstanding					37,500	37,500
George Robles [Member] \| Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument, interest rate									5.00%
George Robles [Member] \| Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument, interest rate									10.00%
Kitchner [Member]
Short-Term Debt [Line Items]
Debt instrument face amount					$ 75,000
Debt instrument, interest rate					10.00%
Accrued interest						7,500
Principal balance outstanding					$ 75,000
Kitchner [Member] \| Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument, interest rate					10.00%

CONVERTIBLE NOTES (Details Narrative) - USD ($)							3 Months Ended		12 Months Ended
CONVERTIBLE NOTES (Details Narrative) - USD ($)	Dec. 05, 2023	Sep. 13, 2023	Sep. 06, 2023	Jan. 01, 2023	Mar. 28, 2022	Mar. 23, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Short-Term Debt [Line Items]
Net proceeds								$ 100,000
Debt instrument converted amount							49,126
Interest expense							580,329	583,547
Unamortized debt discount							31,737		$ 33,034
Amortization of debt discount								$ 160,830
Rancho Costa Verde Development, LLC [Member] \| International Real Estate Development LLC [Member]
Short-Term Debt [Line Items]
Interest expense							111,250
Accured interest							556,250
Debt instrument, interest rate, stated				12.00%
Debt instrument maturity date				Mar. 31, 2024
Convertible notes payable							8,900,000
Principal amount				$ 8,900,000
Debt instrument, interest rate				5.00%
Debt instrument, periodic payment							$ 2,225,000
Debt instrument, description				The convertible note is convertible commencing on April 1, 2023 at the option of the holder into shares of common stock at a 10% discount to market price. The Company can prepay the convertible note at any time.
Rancho Costa Verde Development, LLC [Member] \| International Real Estate Development LLC [Member] \| Series A Preferred Stock [Member]
Short-Term Debt [Line Items]
Convertion of stock, shares							89,000
Convertible Promissory Note [Member] \| Diagonal Note #5 [Member]
Short-Term Debt [Line Items]
Gross proceeds		$ 55,000
Net proceeds		50,000
Debt issuance costs		$ 5,000
Convertible note, percentage		9.00%
Interest expense							$ 1,652
Accured interest							3,304		1,652
Unamortized debt discount		$ 5,000					1,946		3,473
Amortization of debt discount							1,527
Debt instrument, guaranteed		default coupon of 22%
Debt instrument maturity date		Jun. 15, 2024
Debt instrument, convertible, description		The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days
Unpaid principal and interest, rate		50.00%
Convertible notes payable							55,000		55,000
Convertible Promissory Note [Member] \| Diagonal Note #6 [Member]
Short-Term Debt [Line Items]
Gross proceeds			$ 92,000
Net proceeds			75,000
Debt issuance costs			$ 17,000
Convertible note, percentage			10.00%
Accured interest							9,200		9,200
Unamortized debt discount			$ 17,000				5,664		11,332
Amortization of debt discount							5,668
Debt instrument, guaranteed			default coupon of 22%
Debt instrument maturity date			Sep. 06, 2024
Debt instrument, convertible, description			The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days
Unpaid principal and interest, rate			50.00%
Convertible notes payable							35,211		68,511
Convertible Promissory Note [Member] \| Diagonal Note #7 [Member]
Short-Term Debt [Line Items]
Gross proceeds	$ 61,600
Net proceeds	55,000
Debt issuance costs	$ 6,600
Convertible note, percentage	10.00%
Accured interest							6,160		6,160
Unamortized debt discount	$ 6,600						3,444		5,811
Amortization of debt discount							789
Debt instrument, guaranteed	default coupon of 22%
Debt instrument maturity date	Sep. 15, 2024
Debt instrument, convertible, description	The note includes a prepayment feature at a premium of up to 25% from the issuance date and up to 180 days
Unpaid principal and interest, rate	50.00%
Convertible notes payable							61,600		61,600
Convertible Promissory Note [Member] \| Mast Hill Fund, L.P [Member]
Short-Term Debt [Line Items]
Gross proceeds						$ 250,000
Net proceeds						211,250
Debt issuance costs						13,750
Original issuance discount						$ 25,000
Convertible note, percentage						16.00%
Monthly installments amount						$ 35,000
Number of shares issued for common stock						225,000
Number of shares issued for common stock, value						$ 101,000
Warrants to purchase shares of common stock						343,750
Warrant exercise price per share						$ 0.80
Warrant term						5 years
Debt conversion price per share						$ 0.35
Debt instrument converted amount									$ 133,096
Debt instrument converted amount, shares									1,664,857
Principal balance owed							250,000		$ 250,000
Interest expense							9,221
Accured interest							$ 18,442		9,221
Debt instrument, interest rate, stated							25.00%
Default penalty							$ 13,808		6,904
Default penalty							6,904
Unamortized debt discount							219,832
Amortization of debt discount							0		0
Convertible Promissory Note [Member] \| Blue Lake Partners LLC [Member]
Short-Term Debt [Line Items]
Gross proceeds					$ 250,000
Net proceeds					211,250
Debt issuance costs					13,750
Original issuance discount					$ 25,000
Convertible note, percentage					16.00%
Monthly installments amount					$ 35,000
Number of shares issued for common stock					225,000
Number of shares issued for common stock, value					$ 101,000
Warrants to purchase shares of common stock					343,750
Warrant exercise price per share					$ 0.80
Warrant term					5 years
Debt conversion price per share					$ 0.35
Principal balance owed							250,000		250,000
Interest expense							4,467
Accured interest							$ 45,674		41,207
Debt instrument, interest rate, stated							25.00%
Default penalty							$ 101,662		97,195
Unamortized debt discount							219,607
Interest expense, unamortized							$ 0		$ 0

SCHEDULE OF RELATED PARTY PROMISSORY NOTES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Total promissory notes, net of discount current	$ 2,744,762	$ 2,674,762
Promissory Notes [Membe]
Short-Term Debt [Line Items]
Total promissory notes, net of discount current	53,232	104,498
Promissory Notes [Membe] \| Frank Ingrande [Member]
Short-Term Debt [Line Items]
Total promissory notes, net of discount current		10,394
Promissory Notes [Membe] \| Lisa Landau [Member]
Short-Term Debt [Line Items]
Total promissory notes, net of discount current	$ 53,232	$ 94,104

PROMISSORY NOTES – RELATED PARTY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Debt principal balance	$ 2,674,762	$ 2,744,762
Lisa Landau [Member]
Defined Benefit Plan Disclosure [Line Items]
Advances from related party	71,000
Repayments of debt by related party	71,000
Repayment of related parties debt	152,065
Debt principal balance	$ 94,104	$ 53,232

SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED (Details) - Rancho Costa Verde Development, LLC [Member] - USD ($)			1 Months Ended
	Jan. 03, 2023	Jan. 01, 2023	May 31, 2021
Business Acquisition [Line Items]
Fair value of common stock	$ 1,800,000
Fair value of common stock warrants	2,674,972
Promissory notes	8,900,000
Fair value of consideration transferred	$ 13,374,972	$ 13,500,000	$ 2,680,000

SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Jan. 03, 2023
Business Acquisition [Line Items]
Goodwill	$ 11,118,187	$ 11,118,187
Rancho Costa Verde Development, LLC [Member]
Business Acquisition [Line Items]
Cash			$ 321,916
Accounts receivable			1,900,388
Other current assets			342,574
Fixed Assets			16,213,967
Accounts payable and accrued expenses			(652,329)
Mortgage loans			(6,576,566)
Related party notes			(16,545)
Deferred revenue			(9,276,620)
Net Assets Acquired			2,256,785
Goodwill			11,118,187
Total consideration			$ 13,374,972

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Pro forma net revenues	$ 1,090,617	$ 1,516,622
Pro forma net loss	$ (1,110,022)	$ (926,798)

SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS (Details) - Common Stock Warrants [Member]	Dec. 31, 2023
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, term	5 years
Measurement Input, Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.10
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	145
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	3.94
Measurement Input Forfeitures [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0

BUSINESS ACQUISITION IN STAGES (Details Narrative)			1 Months Ended	3 Months Ended		12 Months Ended
BUSINESS ACQUISITION IN STAGES (Details Narrative)	Jan. 03, 2023 USD ($) a shares	Jan. 01, 2023 USD ($)	May 31, 2021 USD ($) a shares	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Investment principal amount	$ 2,680,000						$ 0
Interest expense, operating and nonoperating				$ 580,329	$ 583,547
Rancho Costa Verde Development, LLC [Member]
Business Acquisition [Line Items]
Acquire percentage	75.00%		25.00%
Business combination, consideration transferred	$ 13,374,972	$ 13,500,000	$ 2,680,000
Business combination, consideration transferred, other	8,900,000
Business acquisition, equity interest issued or issuable, number of shares \| shares			3,000,000
Business combination, consideration transferred, equity interests issued and issuable	1,800,000
Common stock warrants to purchase	$ 2,674,972
Land in acres \| a			1,100
Rancho Costa Verde Development, LLC [Member] \| International Real Estate Development LLC [Member]
Business Acquisition [Line Items]
Debt Instrument, Face Amount		$ 8,900,000
Debt instrument periodic payment				2,225,000
Debt instrument, maturity date		Mar. 31, 2024
Debt instrument, interest rate, effective percentage		12.00%
Interest expense, operating and nonoperating				$ 111,250
IRED [Member]
Business Acquisition [Line Items]
Acquire percentage	75.00%
Securities Purchase Agreement [Member] \| Rancho Costa Verde Development, LLC [Member]
Business Acquisition [Line Items]
Acquire percentage	25.00%
Securities Purchase Agreement [Member] \| Rancho Costa Verde Development, LLC [Member] \| International Real Estate Development LLC [Member]
Business Acquisition [Line Items]
Acquire percentage	75.00%
Business combination, consideration transferred	$ 13,400,000
Business combination, consideration transferred, other	$ 8,900,000
Business acquisition, equity interest issued or issuable, number of shares \| shares	20,000,000
Business combination, consideration transferred, equity interests issued and issuable	$ 1,800,000
Common stock warrants to purchase	33,000,000
Business acquisition, equity interest issued or issuable, value assigned	2,700,000
Debt Instrument, Face Amount	8,900,000
Debt instrument periodic payment	$ 2,225,000
Convertible note, percentage	5.00%
Debt instrument, maturity date	Mar. 31, 2024
Debt instrument, interest rate, effective percentage	12.00%
Conversion rate	10.00%
Interest expense, operating and nonoperating						$ 445,000
Land in acres \| a	1,100

EQUITY METHOD INVESTMENT (Details Narrative) - Rancho Costa Verde Development, LLC [Member] - USD ($)			1 Months Ended
	Jan. 03, 2023	Jan. 01, 2023	May 31, 2021	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Equity investement acquired percentage	75.00%		25.00%
Number of shares issued in acquisition			3,000,000
Share price			$ 0.86
Consideration paid in cash			$ 100,000
Consideration amount	$ 13,374,972	$ 13,500,000	2,680,000
Investment cost value			$ 2,680,000
Impairment of equity investment				$ 2,089,337
Securities Purchase Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Equity investement acquired percentage	25.00%
Securities Purchase Agreement [Member] \| International Real Estate Development LLC [Member]
Restructuring Cost and Reserve [Line Items]
Equity investement acquired percentage	75.00%
Number of shares issued in acquisition	20,000,000
Consideration amount	$ 13,400,000
Contractual consideration	$ 13,500,000

COMMITMENTS AND CONTINGENCIES (Details Narrative)		3 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Sep. 25, 2019 USD ($)	Mar. 31, 2024 USD ($) a	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2019 USD ($) a
Net budget		$ 1,556,000	$ 1,556,000
Net budget inclusive of lots construction		995,747	995,747
Commitment amount		560,250	560,250
Land Purchase Agreement [Member]
Purchase price of land	$ 1,000,000
Initial construction budget of land	150,000
Land Purchase Agreement [Member] \| Promissory Note [Member]
Purchase price of land	150,000
Land Purchase Agreement [Member] \| Preferred Stock [Member]
Common stock value	600,000
Land Purchase Agreement [Member] \| Common Stock [Member]
Common stock value	$ 250,000
Contract For Deed Agreement [Member] \| IntegraGreen [Member]
Purchase price of land					$ 630,000
Area of land acquired \| a					20
Balance of balloon payment					$ 63,000
Debt instrument principal amount					$ 403,020
Oasis Park Resort Construction Budget [Member]
Total budget				$ 512,000
Payment for budget				$ 118,600
Commitment paid		$ 393,400	$ 393,400
Valle Divino [Member]
Area of land acquired \| a		20
Valle Divino [Member] \| Valdetierra S.A de C.V. [Member] \| Roberto Valdes [Member]
Attributable Interest		100.00%	100.00%

SCHEDULE OF WARRANTS ACTIVITY (Details) - $ / shares	3 Months Ended	12 Months Ended
SCHEDULE OF WARRANTS ACTIVITY (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Equity [Abstract]
Number of Warrants, Outstanding Beginning	38,107,500
Weighted Average Exercise Price Outstanding Beginning	$ 0.16
Weighted Average Remaining Contract Term (Year), Warrants Outstanding, Beginning		4 years 2 months 1 day
Number of Warrants, Granted
Weighted Average Exercise Price Warrants Granted
Weighted Average Remaining Contract Term (Year), Warrants Granted
Number of Warrants, Exercised
Weighted Average Exercise Price Warrants Exercised
Weighted Average Remaining Contract Term (Year), Warrants Exercised
Number of Warrants, Forfeit/Canceled
Weighted Average Exercise Price Forfeit/Canceled
Number of Warrants, Outstanding Ending	38,107,500	38,107,500
Weighted Average Exercise Price Outstanding Ending	$ 0.16	$ 0.16
Weighted Average Remaining Contract Term (Year), Warrants outstanding, Ending	3 years 8 months 1 day
Number of Warrants, Exercisable Ending	38,107,500

SCHEDULE OF OPTION ACTIVITY (Details) - $ / shares	3 Months Ended	12 Months Ended
SCHEDULE OF OPTION ACTIVITY (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Equity [Abstract]
Number of Options, Outstanding Beginning	6,000,000
Weighted Average Exercise Price Outstanding Beginning	$ 0.34
Options Outstanding, Weighted Average Remaining Contractual Life	2 years 7 months 20 days	3 years 1 month 20 days
Number of Options, Granted
Weighted Average Exercise Price, Granted
Number of Options, Exercised
Weighted Average Exercise Price, Exercised
Number of Options, Forfeited-Canceled
Weighted Average Exercise Price, Forfeited-Canceled
Number of Options, Outstanding Ending	6,000,000	6,000,000
Weighted Average Exercise Price Outstanding Ending	$ 0.34	$ 0.34
Number of Options,Exercisable	6,000,000

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)					1 Months Ended	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Jun. 02, 2023	Jul. 26, 2021	Nov. 06, 2019	Oct. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 01, 2022	Dec. 31, 2021	Aug. 26, 2020	Feb. 11, 2019
Class of Stock [Line Items]
Common stock, shares authorized						150,000,000		150,000,000
Preferred stock, shares authorized						2,010,000
Common stock, par value						$ 0.001		$ 0.001
Common stock, shares issued						85,064,195		79,658,165
Common stock, shares outstanding						82,064,195		76,658,165
Number of options granted
Option issued and outstanding						6,000,000		6,000,000
Common stock issued for consulting services						$ 100,919	$ 15,000
Number of shares issued for acquisitions, value							1,800,000
Temporary equity value						603,500		$ 603,500	$ 293,500		$ 293,500
Accrued interest						(63,348)	$ (294,346)
Total Promissory notes, net of discount						2,744,762		2,674,762
Aggregate intrinsic value						$ 0		0
Six-Twenty Management LLC [Member]
Class of Stock [Line Items]
Total Promissory notes, net of discount								1,414,338
Interest payable								171,825
Cleanspark Inc [Member]
Class of Stock [Line Items]
Common stock, shares issued				350,000
Proceeds from equity offerings				$ 500,000
Common Stock [Member]
Class of Stock [Line Items]
Common stock issued for consulting services, shares						1,552,595	100,000
Common stock issued for consulting services						$ 1,553	$ 100
Stock issued during period, shares, conversion of convertible securities						1,223,776	1,077,164
Number of shares issued for acquisitions							20,000,000
Number of shares issued for acquisitions, value							$ 20,000
Common stock issued for warrant exercise, shares						94,827
Common Stock [Member] \| Convertible Notes and Notes Payable [Member]
Class of Stock [Line Items]
Stock issued during period, shares, conversion of convertible securities						1,223,776
Warrant [Member]
Class of Stock [Line Items]
Series A preferred shares issued						2,484,832
Aggregate intrinsic value						$ 0		$ 0
Warrant [Member] \| Bigger Capital Fund LP [Member]
Class of Stock [Line Items]
Exercise price of warrants			$ 0.68					$ 0.07
Number of shares issued			1,240,000
Reduction of exercise price of warrants			$ 0.07
Number of warrants shares								2,740,000
Share-based compensation expenses								$ 123,896
Consulting Agreement [Member]
Class of Stock [Line Items]
Common stock issued for consulting services, shares						1,552,595	100,000
Common stock issued for consulting services						$ 100,919	$ 15,000
Promissory Note Agreement [Member]
Class of Stock [Line Items]
Series A preferred shares issued						50,000
Common stock issued with lot sale						$ 34,915
Securities Purchase Agreement [Member]
Class of Stock [Line Items]
Agreement description						The Securities Purchase Agreement (“SPA”) states that the in-kind accrual rate should be increased by10% per annum upon each occurrence of an event of default. In addition, the SPA further states that the conversion price initially set at a discount of 35% to the market price should be further increased by an additional 10% upon each occurrence of an event of default. At the date of their Annual Report, CleanSpark claims that the Company was in default in three instances triggering further discount to the market price for the conversion feature and additional accrual rate. Management has recorded for this additional default and interest expense as noted in the previous paragraph. The Company has not been served with any notice of default stating the specific default events but will continue to accrue the additional default interest until the matter is resolved. As of the date of the filing of this Annual Report, the parties are cooperating to resolve this matter.
2022 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Common stock reserved for issuance										5,000,000
Number of options granted									2,150,000
2022 Equity Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Option issued and outstanding						2,150,000		2,150,000
2020 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Common stock reserved for issuance												3,000,000
2020 Equity Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Option issued and outstanding						1,700,000		1,700,000
2019 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Common stock reserved for issuance													3,000,000
2019 Equity Incentive Plan [Member] \| Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Option issued and outstanding						2,150,000		2,150,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized						2,000,000		2,000,000
Preferred stock, shares issued						117,000		28,000
Preferred stock, shares outstanding						117,000		28,000
Preferred stock, par value						$ 0.001		$ 0.001
Series A Preferred Stock [Member] \| Preferred Stock [Member]
Class of Stock [Line Items]
Common stock issued for consulting services
Series A preferred shares issued						89,000
Number of shares issued for acquisitions, value
Convertible note						$ 8,900,000
Accrued interest						$ 556,250
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued						1,000		1,000
Preferred stock, shares outstanding						1,000		1,000
Temporary equity value						$ 293,500		$ 293,500
Conversion basis						The holder can convert the Series B into shares of common stock at a discount of 35% to the market price.
Cumulative accrual percentage						12.00%
Recognized dividend						$ 1,212,822		$ 1,212,822
Series B Preferred Stock [Member] \| Cleanspark Inc [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				1,000
Series B Preferred Stock [Member] \| Preferred Stock [Member]
Class of Stock [Line Items]
Common stock issued for consulting services
Number of shares issued for acquisitions, value
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued						3,100		3,100
Preferred stock, shares outstanding						3,100		3,100
Temporary equity value						$ 310,000		$ 310,000
Cumulative accrual percentage								12.00%
Recognized dividend								$ 60,003
Series C Preferred Stock [Member] \| Bigger Capital Fund LP [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		10,000
Preferred stock, shares issued		3,100
Proceeds from equity offerings		$ 310,000
Temporary equity value						310,000		$ 310,000
Series C Preferred Stock [Member] \| Preferred Stock [Member]
Class of Stock [Line Items]
Common stock issued for consulting services
Series A preferred shares issued						94,824
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	20,000				20,000
Preferred stock, shares issued						17,000		17,000
Preferred stock, shares outstanding						17,000		17,000
Preferred stock, par value	$ 0.001				$ 0.001
Preferred stock, stated value	$ 100.00				$ 100.00
Preferred stock, redemption terms					The Series D Preferred Stock has no stated maturity and is subject to a mandatory redemption at 110% of the Stated Value, plus all unpaid dividends in respect of such share (the “Additional Amount”) thereon
Preferred stock, dividend payment terms					Holders of shares of Series D Preferred Stock are entitled to receive, on each dividend payment date, (i) cumulative cash dividends on each share of Series D Preferred Stock, on a quarterly basis, at a rate of 12% per annum of the Stated Value, plus the Additional Amount thereon, and (ii) dividends in the form of shares of common stock on each share of Series D Preferred Stock, on a quarterly basis, at a rate of 8% per annum on the Stated Value
Preferred stock, conversion terms	The amount of shares of common stock issuable upon a conversion for each Series D Preferred Stock shall be the Stated Value of such share plus the Additional Amount divided by the Conversion Price (as defined below). The “Conversion Price” for each Series D Preferred Stock is, the lower of the price per share at which a Qualified Offering (as defined below) is made (the “Qualified Offering Price”) or 80% of the average of the closing sale price for the 10 consecutive trading days immediately preceding, but not including, the effective date of the applicable conversion notice
Series D Preferred Stock [Member] \| Preferred Stock [Member]
Class of Stock [Line Items]
Common stock issued for consulting services
Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued for acquisitions							20,000,000
Number of shares issued for acquisitions, value							$ 1,800,000
Series D Convertible Preferred Stock [Member] \| Six-Twenty Management LLC [Member]
Class of Stock [Line Items]
Interest payable								$ 17,000

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		3 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Apr. 01, 2024	Mar. 31, 2024	Mar. 31, 2023
Subsequent Event [Line Items]
Common stock issued for consulting services		$ 100,919	$ 15,000
Common Stock [Member]
Subsequent Event [Line Items]
Common stock issued for consulting services, shares		1,552,595	100,000
Common stock issued for consulting services		$ 1,553	$ 100
Number of common stock shares issued		94,827
Common Stock [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock issued for consulting services, shares	1,000,000
Common stock issued for consulting services	$ 66,000
Common stock issued for note payable, shares	500,000
Promissory Note Agreement [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock issued for note payable	$ 33,000
Preferred Stock [Member] \| Series C Preferred Stock [Member]
Subsequent Event [Line Items]
Common stock issued for consulting services
Preferred Stock [Member] \| Subsequent Event [Member] \| Series C Preferred Stock [Member]
Subsequent Event [Line Items]
Number of common stock shares issued	195,000

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