ILAL International Land Alliance Inc (QB)

 

 

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 September 30, 2023

 

☐ 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 November 22, 2023, the registrant had 75,422,570 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 September 30, 2023 (unaudited) and December 31, 2022 (audited)	3
Consolidated Statements of Operations – For the three and nine months ended September 30, 2023, and 2022 (unaudited)	4
Consolidated Statements of Changes in Stockholders’ Deficit for the three and nine months ended September 30, 2023, and 2022 (unaudited)	5
Consolidated Statements of Cash Flows for the nine months ended September 30, 2023, and 2022 (unaudited)	6
Notes to Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	29
Item 3. Quantitative and Qualitative Disclosures about Market Risk	34
Item 4. Controls and Procedures	34
Part II. Other Information	34
Item 1. Legal Proceedings	34
Item 1A. Risk Factors	34
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 3. Defaults upon Senior Securities	35
Item 4. Mine Safety Disclosures	35
Item 5. Other Information	35
Item 6. Exhibits	35
Signatures	36

 

 

PART I — FINANCIAL INFORMATION

 

Item 1. Financial Statements

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED BALANCE SHEETS

 

		September 30, 2023				December 31, 2022
ASSETS
Current assets
Cash		$	123,117			$	49,374
Accounts receivable			1,652,086				-
Prepaid and other current assets			16,815				49,198
Total current assets			1,792,018				98,572
Other non-current assets			50,382				-
Land			1,206,219				203,419
Buildings, net			1,815,040				863,745
Furniture and equipment, net			5,473				1,877
Goodwill			22,359,972				-
Total assets		$	27,229,104			$	1,167,613
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities		$	1,637,713			$	675,202
Accounts payable and accrued liabilities related parties			326,236				189,266
Accounts payable and accrued liabilities			326,236				189,266
Deferred revenue			9,351,815				-
Accrued interest			1,645,687				352,884
Accrued interest related party			171,825				132,841
Accrued interest			171,825				132,841
Contract liability			93,382				85,407
Deposits			20,500				20,500
Derivative liability			696,460				531,527
Convertible notes, net of debt discounts			625,210				558,657
Convertible note RCVD acquisition			8,900,000				-
Promissory notes, net of debt discounts			2,294,762				1,885,616
Promissory notes, net discounts – Related Parties			1,491,026				1,286,695
Promissory notes, net discounts			1,491,026				1,286,695
Other loans			6,957,504				-
Total current liabilities			34,212,120				5,718,595
Promissory notes, net of current portion			-				-
Total liabilities			34,212,120				5,718,595
Commitments and Contingencies (Note 10)			-				-
Preferred Stock Series B (Temporary Equity)			293,500				293,500
Preferred Stock Series C (Temporary Equity)			310,000				-
Total Temporary Equity			603,500				293,500
Stockholders’ Deficit
Preferred stock; $0.001 par value; 2,010,000 shares authorized; 28,000 Series A shares issued and outstanding as of September 30, 2023 and December 31, 2022			28				28
1,000 Series B shares issued and outstanding as of September 30, 2023 and December 31, 2022			1				1
3,100 Series C shares issued and outstanding as of September 30, 2023 and 0 shares issued and outstanding as of December 31, 2022.			3				-
Preferred stock value			3				-
Common stock; $0.001 par value; 150,000,000 shares authorized; 75,395,165 and 72,395,165 shares issued and outstanding as of September 30, 2023, respectively, and 43,499,423 shares issued and outstanding as of December 31, 2022.			75,395				43,500
Common stock payable			31,939				-
Additional paid-in capital			26,355,164				20,233,446
Treasury stock (3,000,000 shares as of September 30, 2023)			(300,000	)			-
Accumulated deficit			(33,749,046	)			(25,121,457	)
Total stockholders’ deficit			(7,586,516	)			(4,844,482	)
Total liabilities and stockholders’ deficit		$	27,229,104			$	1,167,613

 

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

 

 

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

 

		For the three months ended								For the nine months ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
Net revenues and lease income		$	358,129			$	16,973			$	1,084,641			$	50,919
Cost of revenues			296,680				-				300,680				-
Gross profit (loss)			61,449				16,973				783,961				50,919
Operating expenses
Sales and marketing			12,000				100,600				300,259				903,283
Impairment loss			-				-				245,674				-
General and administrative expenses			1,007,030				432,434				2,316,807				2,506,181
Total operating expenses			1,019,030				533,034				2,862,740				3,409,464
Loss from operations			(957,581	)			(516,061	)			(2,078,779	)			(3,358,545	)
Other income (expense)
Loss from debt extinguishment			(1,091,117	)			-				(1,140,446	)			-
Loss on acquisition of RCVD			(2,995,000	)			-				(2,995,000	)			-
Change in fair value derivative liability			(588,314	)			219,069				(690,091	)			219,069
Loss from equity-method investment			-				(49,752	)			-				(231,845	)
Interest income			-				-				-				536
Interest expense			(708,356	)			(631,308	)			(1,723,273	)			(960,496	)
Total other expense			(5,382,787	)			(461,991	)			(6,548,810	)			(972,736	)
Net loss		$	(6,340,368	)		$	(978,052	)		$	(8,627,589	)		$	(4,331,281	)
Preferred stock dividends			1,007,822				15,000				1,082,825				45,000
Net loss applicable to common shareholders		$	(7,348,190	)		$	(993,052	)		$	(9,710,413	)		$	(4,376,281	)
Loss per common share - basic and diluted		$	(0.11	)		$	(0.03	)		$	(0.16	)		$	(0.13	)
Weighted average common shares outstanding - basic and diluted			64,441,149				36,394,441				62,191,188				34,917,678

 

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

 

 

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

For the Three and Nine Months Ended September 30, 2023 and 2022

(unaudited)

 

Activity for the Three and Nine Months Ended September 30, 2023

 

		Series A Preferred Stock								Series B Preferred Stock								Series C Preferred Stock								Common Stock								Treasury				Additional Paid-in					Common Stock			Accumulated				Total Stockholders’
		Shares				Amount				Shares				Amount				Shares				Amount				Shares				Amount				Stock				Capital					Payable			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	)
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	)
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	)
Common stock issued for warrant exercise			-				-				-				-				-				-				267,310				267				-				(267	)			-				-				-
Warrants issued pursuant to Series C Preferred Stock			-				-				-				-				-				-				-				-				-				18,504				-				-				18,504
Stock-based compensation			-				-				-				-				-				-				-				-				-				78,047				-				-				78,047
Series C Preferred Stock issued for cash			-				-				-				-				3,100				3				-				-				-				-				-				-				3,100
Dividend on Series B Preferred			-				-				-				-				-				-				-				-				-				(60,003	)			-				-				(60,003	)
Net loss			-				-				-				-				-				-				-				-				-				-				-				(378,660	)			(378,660	)
Balance, June 30, 2023			28,000			$	28				1,000			$	1				3,100				3				64,676,587			$	64,677			$	(300,000	)		$	36,281			$	-			$	(27,850,553	)		$	(28,049,295	)
Reclassification of deemed dividend from related party transaction			-				-				-				-				-				-				-				-				-				24,913,097				-				441,875				25,354,972
Common shares issued for cash			-				-				-				-				-				-				500,000				500				-				49,500				-				-				50,000
Common shares issued pursuant to promissory notes			-				-				-				-				-				-				-				-				-				-				31,939				-				31,939
Stock-based compensation			-				-				-				-				-				-				-				-				-				78,047				-				-				78,047
Common stock issued for consulting services			-				-				-				-				-				-				2,100,000				2,100				-				134,900				-				-				137,000
Common stock issued from debt conversion			-				-				-				-				-				-				7,851,268				7,851				-				1,527,123				-				-				1,534,974
Warrants issued pursuant to Series C Preferred Stock			-				-				-				-				-				-				-				-				-				105,392				-				-				105,392
Settlement of derivative liability			-				-				-				-				-				-				-				-				-				518,646				-				-				518,646
Dividends on Series B Preferred Stock			-				-				-				-				-				-				-				-				-				(1,007,822	)			-				-				(1,007,822	)
Net loss			-				-				-				-				-				-				-				-				-				-				-				(6,340,368	)			(6,340,368	)
Balance, September 30, 2023			28,000			$	28				1,000			$	1				3,100				3				75,395,165			$	75,395			$	(300,000	)		$	26,355,164			$	31,939			$	(33,749,046	)		$	(7,586,516	)

 

Activity for the Three and Nine Months Ended September 30, 2022

 

		Shares				Amount				Shares				Amount				Shares				Amount				Capital				Deficit				Equity
		Series A Preferred Stock								Series B Preferred Stock								Common Stock								Additional Paid-in				Accumulated				Total Stockholders’
		Shares				Amount				Shares				Amount				Shares				Amount				Capital				Deficit				Equity
Balance, December 31, 2021			28,000			$	28				1,000			$	1				31,849,327			$	31,850			$	15,760,772			$	(14,703,818	)		$	1,088,833
Common shares issued pursuant to promissory notes			-				-				-				-				450,000				450				201,825				-				202,275
Common stock issued for option exercise			-				-				-				-				600,000				600				-				-				600
Common stock issued for consulting services			-				-				-				-				814,714				815				446,463				-				447,278
Stock-based compensation			-				-				-				-				-				-				871,688				-				871,688
Warrants issued in connection with debt financing			-				-				-				-				-				-				159,664				-				159,664
Dividend on Series B Preferred			-				-				-				-				-				-				(15,000	)			-				(15,000	)
Net loss			-				-				-				-				-				-				-				(1,492,722	)			(1,492,722	)
Balance, March 31, 2022			28,000			$	28				1,000			$	1				33,714,041			$	33,715			$	17,425,412			$	(16,196,540	)		$	1,262,616
Common stock issued with Finders’ Fee agreement			-				-				-				-				88,988				89				40,401				-				40,490
Common stock issued for option exercise			-				-				-				-				700,000				700				-				-				700
Common stock issued for consulting services			-				-				-				-				1,635,000				1,635				728,250				-				729,885
Dividend on Series Preferred			-				-				-				-				-				-				(15,000	)			-				(15,000	)
Stock-based compensation			-				-				-				-				-				-				410,288				-				410,288
Net loss			-				-				-				-				-				-				-				(1,860,507	)			(1,860,507	)
Balance, June 30, 2022			28,000			$	28				1,000			$	1				36,138,029			$	36,139			$	18,589,351			$	(18,057,047	)		$	568,472
Balance			28,000			$	28				1,000			$	1				36,138,029			$	36,139			$	18,589,351			$	(18,057,047	)		$	568,472
Common stock issued for consulting services			-				-				-				-				333,336				333				133,001				-				133,334
Dividend on Series Preferred			-				-				-				-				-				-				(15,000	)			-				(15,000	)
Net loss			-				-				-				-				-				-				-				(978,052	)			(978,052	)
Balance, September 30, 2022			28,000			$	28				1,000			$	1				36,471,365				36,472				18,707,352			$	(19,035,099	)		$	(291,246	)
Balance			28,000			$	28				1,000			$	1				36,471,365				36,472				18,707,352			$	(19,035,099	)		$	(291,246	)

 

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

 

 

INTERNATIONAL LAND ALLIANCE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

		September 30, 2023				September 30, 2022
		For the nine months ended
		September 30, 2023				September 30, 2022
Cash Flows from Operating Activities
Net loss		$	(8,627,589	)		$	(4,331,281	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation			358,037				1,281,976
Impairment loss			245,674				-
Loss on acquisition of RCVD			2,995,000				-
Fair value equity securities issued for services			152,000				1,310,497
Penalty on convertible debt			108,096				-
Loss on debt extinguishment			1,140,446				-
Depreciation and amortization			89,241				39,708
Loss from equity-method investment			-				231,845
Amortization of debt discount			357,376				291,374
Excess Fair Value of derivative			108,465				356,785
Change in fair value of derivative liability			475,114				(219,069	)
Changes in operating assets and liabilities
Accounts Receivable			58,764				(25,199	)
Prepaid and other current assets			32,383				45,557
Other non-current assets			(7,808	)			-
Accounts payable and accrued liabilities			310,182				(235,002	)
Accounts payable and accrued liabilities - related parties			136,970				411,305
Deferred revenue			75,195				-
Accrued interest			579,183				-
Accrued interest on note receivable			-				(5,919	)
Deposits			-				500
Contract liability			305,909				340,882
Net cash used in operating activities			(1,107,362	)			(506,041	)
Cash Flows from Investing Activities
Cash acquired from RCVD acquisition			321,920				-
Proceeds from disposal of fixed assets			205,096				-
Additional expenditures on land			(274,846	)			-
Building and Construction in Progress payments			(354,070	)			(444,535	)
Net cash used in investing activities			(101,900	)			(444,535	)
Cash Flows from Financing Activities
Common stock issued from options exercise			-				1,300
Common stock issued for cash			50,000				-
Series C Preferred Stock issued for cash			250,000				-
Cash payments on promissory notes- related party			(318,359	)			(262,596	)
Cash payments on promissory notes			(60,000	)			(89,474	)
Cash proceeds from convertible notes			225,000				663,250
Cash payments on convertible notes			(270,414	)			-
Cash proceeds other loans			380,938				-
Cash proceeds from promissory notes			465,000				-
Cash proceeds from promissory notes- related party			560,840				677,347
Net cash provided by financing activities			1,283,005				989,827
Net increase in cash			73,743				39,251
Cash, beginning of period			49,374				56,590
Cash, end of period		$	123,117			$	95,841
Supplemental disclosure of cash flow information
Cash paid for interest		$	276,963			$	115,084
Cash paid for income tax		$	-			$	-
Non-Cash investing and financing transactions
Dividend on Series B		$	1,022,822			$	45,000
Dividend on Series C		$	60,003			$	-
Common shares issued with convertible debt		$	156,310			$	-
Common shares issued with convertible related party		$	386,023			$	-
Common stock issued for finder’s fee agreement		$	-			$	40,490
Commitment shares issued with convertible note		$	-			$	202,275
Debt discount from issuance of new promissory notes		$	31,939			$	102,200
Debt discount from bifurcated derivative		$	100,000			$	140,750
Debt discount created from warrants embedded in financing		$	-			$	159,664
Cashless warrant exercise		$	267			$	-
Corporate expenses paid by related party note payable		$	-			$	49,145
Convertible debt exchange for related party note payable		$	182,594			$	-
Settlement of derivative liability		$	518,646			$	-

 

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

 

 

INTERNATIONAL LAND ALLIANCE, INC.

Notes to the Consolidated Financial Statements

September 30, 2023

 

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 and nine months ended September 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to the audited financial statements and notes for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K filed with the SEC on July 6, 2023.

 

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 September 30, 2023, the Company’s current liabilities exceeded its current assets by approximately $32.4 million. The Company has recorded a net loss of $8.6 million for the nine months ended September 30, 2023 and has an accumulated deficit of approximately $33.7 million as of September 30, 2023. 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 September 30, 2023. 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).

 

7

 

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 September 30, 2023. 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 September 30, 2023. As of September 30, 2023, 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:

SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY 

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	%
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 2022 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. As of December 31, 2022, management believes the carrying value of its equity method investments was recoverable in all material respects. 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.

 

8

 

	■	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 September 30, 2023, and December 31, 2022, 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 September 30, 2023:

SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS 

		Fair Value Measurements at September 30, 2023 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		$	-			$	-			$	696,460			$	696,460
Total		$	-			$	-			$	696,460			$	696,460

 

9

 

The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2023:

SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS 

		Derivative
		Liability
Balance December 31, 2022		$	531,527
New derivative from convertible notes			208,464
Settlement by debt extinguishment			(297,566	)
Change in estimated fair value			480,268
Balance March 31, 2023		$	922,693
Change in estimated fair value			(295,901	)
Balance June 30, 2023		$	626,792
Settlement by debt extinguishment			(221,080	)
Change in estimated fair value			290,748
Balance September 30, 2023		$	696,460

 

Derivative Liability

 

As of September 30, 2023, 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 and Nine Months Ending September 30,
			2023				2022
Expected term			1 month – 1 year				-
Exercise price		$	0.03 - $0.13				-
Expected volatility			176% - 232	%			-
Expected dividends			None				-
Risk-free interest rate			5.03% - 5.55	%			-
Forfeitures			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.

 

10

 

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. The Company fully impaired of the land held for sale as of September 30, 2023.

 

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 September 30, 2023.

 

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:

SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES 

Classification			Life
Buildings			20 years
Furniture and equipment			5 years

 

11

 

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 lost 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 $358,129 and $1,084,641, respectively, of net revenue during the three and nine months ended September 30, 2023.

 

Advertising costs

 

The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $12,000 and $100,600 for the three months ended September 30, 2023, and 2022, respectively. For the nine months ended September 30, 2023 and 2022, the total advertising costs amounted to $300,259 and $903,283, 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.

 

12

 

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.

 

Stock Options Plan – 2019 Equity Incentive Plan

 

On February 11, 2019, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “2019 Plan”). In order for the 2019 Plan to grant “qualified stock options” to employees, it requires approval by the Company’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 shareholders’ 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 under the Plan. The Company has a total of 2,150,000 options issued and outstanding under the 2019 Plan as of September 30, 2023. The Company did not issue any stock options during the three and nine months ended September 30, 2023.

 

Stock Options Plan – 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 Company’s authorized common stock for issuance under the 2020 Plan. The 2020 Plan enables the Company’s board of directors to provide equity-based incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers. The Company has a total of 1,700,000 options issued and outstanding under the 2020 Plan as of September 30, 2023.

 

Stock Options Plan – 2022 Equity Incentive Plan

 

On December 1, 2022, the Company’s Board of Directors approved a 2022 Equity Incentive Plan (the “2022 Plan”). The 2022 Plan enables the Board of Directors to provide equity incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers.

 

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 Company did not issue any stock options during the three and nine months ended September 30, 2023. The Company has a total of 2,150,000 options issued and outstanding under the 2022 Plan as of September 30, 2023

 

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.

 

Loss Per Share

 

The Company computes 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 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.

 

13

 

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 nine months ended September 30, 2023				For the nine months ended September 30, 2022
Options			6,000,000				3,850,000
Warrants			38,107,500				3,867,500
Total potentially dilutive shares			44,107,500				7,717,500

 

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 September 30, 2023.

 

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 and nine months ended September 30, 2023.

 

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 is currently evaluating the potential impact of the Update on its financial statements.

 

14

 

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated 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 and nine months ended September 30, 2023, the Company did not enter into any new contract to sell plots of land.

 

15

 

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, 2022, and presented under Contract Liability in the consolidated balance sheets. The Company has not received any payments during the three and nine months ended September 30, 2023.

 

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, 2022. The Company has not received any payments during the three and nine months ended September 30, 2023.

 

The remaining unpaid amount owed to the Company was $58,560 as of September 30, 2023, and December 31, 2022.

 

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

 

Land, buildings, net and construction in process as of September 30, 2023, and December 31, 2022:

SCHEDULE OF LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS 

		Useful life		September 30, 2023				December 31, 2022
Land – Emerald Grove				$	203,419			$	203,419
Land – Rancho Costa Verde Development				$	1,002,800			$	-
Furniture & equipment, net		5 years		$	5,473			$	1,877
Building		20 years			2,591,421				1,048,138
Less: Accumulated depreciation					(776,381	)			(184,393	)
Building, net				$	1,815,040			$	863,745

 

Depreciation expense was approximately $29,747 and $13,236 for the three months ended September 30, 2023, and 2022, respectively, and approximately $89,241 and $39,708 for the nine months ended September 30, 2023, and 2022, respectively. Pursuant to the acquisition of RCVD, the Company recognized a total preliminary fair value of $1,977,182 of land, building and furniture and equipment.

 

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 and nine months ended September 30, 2023. 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 September 30, 2023 and December 31, 2022. 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 nine months ended September 30, 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.

 

16

 

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 September 30, 2023 and December 31, 2022 and 2021, the Company issued 250,000 shares of the Company’s common stock for total amount of $150,000 reported under Prepaid and other current assets in the consolidated balance sheets towards the purchase of the land. The amount 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 nine months ended September 30, 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 September 30, 2023 and December 31, 2022. During the nine months ended September 30, 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, which is presented under impairment loss in the consolidated statement of operations for the nine months ended September 30, 2023.

 

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 2023.

 

As of September 30, 2023, 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 as of September 30, 2023. 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 paid any salary to its Chief Executive Officer for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the three and nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023 and December 31, 2022, respectively.

 

As of September 30, 2023, 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 nine months ended September 30, 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 2023. 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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30, 2023.

 

17

 

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 any salary to its Chief Financial Officer for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023 and December 31, 2022, respectively.

 

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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30, 2023.

 

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 paid any salary to its President for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023, and December 31, 2022, respectively.

 

Frank Ingrande was the co-founder and owner of 33% of the Company’s equity-method investee RCVD. During the nine months ended September 30, 2023, the Company acquired the remaining 75% interest in RCVD, which became the Company’s wholly owned subsidiary as of September 30, 2023 (note 9).

 

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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30 , 2023.

  

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 September 30, 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. 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 September 30, 2023, and December 31, 2022:

 SCHEDULE OF PROMISSORY NOTES

		September 30, 2023				December 31, 2022
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, 18% interest, due March 2020 – past maturity			1,500				1,500
Elder note Payable, 18% interest, due March 2021- past maturity			76,477				76,477
Griffith note Payable, 15% interest, due November 2023			155,000				-
Banker note Payable, 15% interest, due October 2023			150,000				-
Robles note Payable, 10% interest, due November 2023			100,000				-
Redwood Trust note payable, 12% interest, due February 2023			1,787,000				1,787,000
Total Notes Payable		$	2,294,762			$	1,889,762
Less discounts			-				(4,146	)
Total Promissory notes, net of discount			2,294,762				1,885,616
Less current portion			(2,294,762	)			(1,885,616	)
Total Promissory notes, net of discount - long term		$	-			$	-

 

Interest expense related to the amortization of the associated debt discount was $0, respectively, for the three months ended September 30, 2023 and 2022, and $4,146 and $0, respectively, for the nine months ended September 30, 2023 and 2022.

 

18

 

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 $190,986 of interest expense and paid $263,377 of interest during the nine months ended September 30, 2023. Accrued interest was $649 and $73,040 as of September 30, 2023 and December 31, 2022, respectively.

 

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 September 30, 2023 and December 31, 2022. There was no activity during the three and nine months ended September 30, 2023.

 

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 September 30, 2023 and December 31, 2022, the remaining principal balance was $24,785. The Company has not incurred any interest expense related to this promissory note during the three and nine months ended September 30, 2023 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 and nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, the remaining principal balance was $76,477.

 

The Company incurred approximately $8,604 and $8,658 of interest during the nine months ended September 30, 2023 and 2022, respectively. Accrued interest was $32,103 and $23,500 as of September 30, 2023 and December 31, respectively.

 

Bobbie Allen Griffith – In default

 

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 note is in technical default as it is past maturity date and the Company failed to repay the outstanding principal and accrued interest.

 

The Company began to repay the note during the three and nine months ended September 30, 2023 for a total of $60,000 in principal payments. As of September 30, 2023, the remaining principal balance was $155,000.

 

The Company incurred approximately $11,625 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $11,625 as of September 30, 2023.

 

The Company initially recognized a debt discount and stock payable on this note of $20,777 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $20,777 during the three and nine months ended September 30, 2023.

 

George Banker

 

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 is due on October 11, 2023.

 

There was no activity during the three and nine months ended September 30, 2023. As of September 30, 2023, the remaining principal balance was $150,000.

 

The Company incurred approximately $22,500 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $22,500 as of September 30, 2023.

 

The Company initially recognized a debt discount and stock payable on this note of $5,769 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $4,808 during the three and nine months ended September 30, 2023.

 

George Robles

 

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 is due on November 1, 2023.

 

There was no activity during the three and nine months ended September 30, 2023. As of September 30, 2023, the remaining principal balance was $100,000.

 

The Company incurred approximately $5,000 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $5,000 as of September 30, 2023.

 

The Company initially recognized a debt discount and stock payable on this note of $5,393 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $2,606 during the three and nine months ended September 30, 2023.

 

NOTE 7 – CONVERTIBLE NOTES

 

Convertible notes consisted of the following at September 30, 2023 and December 31, 2022:

 SCHEDULE OF CONVERTIBLE NOTES

		September 30, 2023				December 31, 2022
1800 Diagonal convertible note #1, 9% interest, due July 2023			-				85,000
1800 Diagonal convertible note#2, 9% interest, due September 2023			-				64,250
1800 Diagonal convertible note #3, 10% interest, due October 2023			-				122,488
1800 Diagonal convertible note #4, 9% interest, due March 2024			-				-
1800 Diagonal convertible note #5, 9% interest, due June 2024			55,000				-
1800 Diagonal convertible note #6, 10% interest, due September 2024			92,000				-
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		$	9,547,000			$	771,738
Less discounts			(21,790	)			(213,081	)
Total convertible notes, net of discount			9,525,210				558,657
Less current portion			(9,525,210	)			(558,657	)
Total convertible notes, net of discount - long term		$	-			$	-

 

19

 

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 nine months ended September 30, 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 September 30, 2023 and December 31, 2022. The Company incurred approximately $27,663 of interest during the nine months ended September 30, 2023. Accrued interest totaled approximately $0 and $23,703 as of September 30, 2023 and December 31, 2022.

 

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 September 30, 2023 and December 31, 2022, the default penalty was $0 and $68,426, respectively. During the nine months ended September 30, 2023, the Company recognized an additional $6,904 of default penalty for a total amount of $75,289, which was fully converted into shares of common stock during the nine months ended September 30, 2023.

 

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 Company amortized $50,742 through interest expenses during the nine months ended September 30, 2023.

 

The balance of the unamortized debt discount was $0 and $50,742 as of September 30, 2023 and December 31, 2022.

 

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 September 30, 2023 and December 31, 2022. The Company incurred approximately $13,400 of interest during the nine months ended September 30, 2023. Accrued interest totaled approximately $36,740 and $23,400 as of September 30, 2023 and December 31, 2022.

 

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.

 

20

 

As of September 30, 2023 and December 31, 2022, the Company accrued $85,091 as default penalty, which is presented in accounts payable and accrued interest in the consolidated balance sheet.

 

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 Company amortized $53,097 through interest expenses during the nine months ended September 30, 2023.

 

The balance of the unamortized debt discount was $0 and $53,097 as of September 30, 2023 and December 31, 2022.

 

1800 Diagonal Lending Inc. (“Diagonal note”)

 

Diagonal note #1

 

On July 28, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $85,000 for net proceeds of $80,750, net of issuance costs of $4,250. Interest rate under the convertible promissory note is 9% per year, and the principal and all accrued but unpaid interest are due on July 28, 2023. At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed rate or discount to the market price. The note includes a prepayment feature at a premium of 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.

 

During the nine months ended September 30, 2023, the Company converted $15,000 of principal into 242,404 shares of common stock. The Company repaid $111,594 from a related party note (note 8) for the outstanding principal and accrued interest and default interest.

 

The principal balance of Diagonal note #1was $0 and $85,000 as of September 30, 2023 and December 31, 2022. The Company incurred approximately $37,900 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $0 and $3,700 as of September 30, 2023 and December 31, 2022.

 

The Company initially recognized $4,250 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $2,479 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $2,479 as of September 30, 2023 and December 31, 2022.

 

Diagonal note #2

 

On September 2, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $64,250 for net proceeds of $60,000, net of issuance costs of $4,250. Interest rate under the convertible promissory note is 9% per year, and the principal and all accrued but unpaid interest are due on September 2, 2023. 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 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 repaid $11,798 in cash for the outstanding principal and accrued interest and default interest. The Company repaid $71,000 from a related party note (note 8) for the outstanding principal and accrued interest and default interest.

 

The principal balance owed to Diagonal was $0 and $64,250 as of September 30, 2023 and December 31, 2022. The Company incurred approximately $16,620 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $0 and $1,900 as of September 30, 2023 and December 31, 2022.

 

The Company amortized $42,876 of debt discount through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $42,876 as of September 30, 2023 and December 31, 2022.

 

Diagonal note #3

 

On October 17, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $142,276 for net proceeds of $122,782, net of issuance costs of $19,494. Interest under the convertible promissory note is 10% per year, and the note includes a guaranteed twelve-month coupon or $14,227.

 

The maturity date of the note is October 17, 2023. The convertible note is contingently convertible upon an event of default, and the conversion price is the greater of a fixed rate or a discount to the market price. The note requires ten (10) monthly installment payments of $15,650 starting on November 30, 2022.

 

21

 

The Company incurred approximately $14,227 of interest expenses and paid $1,423 of interest during the year ended December 31, 2022. Accrued interest was $12,804 as of December 31, 2022.

 

During the nine months ended September 30, 2023, the Company repaid $12,804 of interest and repaid $122,488 of principal.

 

The Company initially recognized $19,494 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $15,433 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $15,433 as of September 30, 2023 and December 31, 2022.

 

The balance of the Diagonal note #3 was $0 and $122,488 as of September 30, 2023 and December 31, 2022, respectively.

 

Diagonal note #4

 

On March 3, 2023, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $104,250 for net proceeds of $100,000, net of issuance costs of $4,250. Interest under the convertible promissory note is 9% per year and a default coupon of 22%.

 

The maturity date of the note is March 3, 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.

 

During the nine months ended September 30, 2023, the Company repaid $104,250 of principal.

 

The Company initially recognized $4,250 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $4,250 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 as of September 30, 2023.

 

The balance of the Diagonal note #4 was $0 as of September 30, 2023.

 

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 $413 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $413 as of September 30, 2023.

 

The Company initially recognized $5,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $417 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $4,583 as of September 30, 2023.

 

The balance of the Diagonal note #5 was $55,000 as of September 30, 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.

 

The Company incurred approximately $9,200 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $9,200 as of September 30, 2023.

 

The Company initially recognized $17,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $1,417 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $15,583 as of September 30, 2023.

 

The balance of the Diagonal note #6 was $92,000 as of September 30, 2023.

 

International Real Estate Development, LLC. - In default

 

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. The Company failed to make the first installment in accordance with the terms of the agreement.

 

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 $333,750 of interest during the nine months ended September 30, 2023. Accrued interest was $333,750 as of September 30, 2023. The balance was $8,900,000 as of September 30, 2023.

 

NOTE 8 – PROMISSORY NOTES – RELATED PARTY

 

Related party promissory notes consisted of the following at September 30, 2023, and December 31, 2022:

SCHEDULE OF RELATED PARTY PROMISSORY NOTES 

		September 30, 2023				December 31, 2022
RAS Real Estate LLC		$	-			$	249,589
Six-Twenty Management LLC – On demand			1,414,338				960,746
Frank Ingrande			10,394				-
Lisa Landau – On demand			66,294				76,360
Total On demand notes, net of discount		$	1,491,026			$	1,286,695

 

Six Twenty Management LLC (“Six-Twenty”) – Manager is the Company’s Chief Financial Officer

 

Jason Sunstein, the Company’s Chief Financial Officer is also the managing member and 100% owner of Six Twenty Management LLC (“Six Twenty”), an entity that has been providing ongoing capital support to the Company.

 

On March 31, 2021, the Company executed a non-convertible promissory note with Six Twenty for an initial amount funded of $288,611 and carrying a coupon of eight percent (8%) and a maturity of twelve months. Six-Twenty subsequently funded the Company for additional cash of $609,200. The non-convertible promissory note is not updated with the additional activity but reverted to an on-demand advances.

 

During the nine months ended September 30, 2023, Six Twenty funded an additional $485,881 and repaid in cash $111,594 the remaining balance of one of the Diagonal notes (See note 7). The Company paid $143,883 in cash towards the non-convertible promissory note.

 

As of September 30, 2023 and December 31, 2022, the principal balance owed to Six-Twenty was $1,414,338 and $960,746, respectively.

 

22

 

The Company incurred approximately $84,860 and $43,446 of interest expense during the nine months ended September 30, 2023 and 2022, respectively. Accrued interest was $171,825 and $86,965 as of September 30, 2023 and December 31, 2022, respectively. Refer to note 5 for disclosures on related party.

 

RAS, LLC (past maturity)

 

On October 25, 2019, the Company issued a promissory note to RAS, LLC, a company controlled by an employee, who is a relative of the Company’s Chief Financial Officer for $440,803. The proceeds of the note were largely used to repay shareholders’ loans and other liabilities. The loan bears interest at 10%, and also carries a default coupon rate of 18%. The loan matured on April 25, 2020, is secured by 2,500,000 common shares and a Second Deed of Trust for property in Hemet, CA (Emerald Grove).

 

During the nine months ended September 30, 2023, the Company paid $12,300 towards the promissory note. In addition, in September 2023, the Company converted the outstanding principal, interest, and default interest into 7,021,171 common shares for the remaining total interest and principal balance of $386,023. At the date of issuance and conversion, the value of the common shares issued was $1,167,588, causing a loss on conversion for the Company of $781,565. The outstanding balance is $0 and $249,589 as of September 30, 2023, and December 31, 2022, respectively.

 

During the nine months ended September 30, 2023, the Company incurred $102,858 in interest based on the default coupon rate of 18%. As of September 30, 2023, and December 31, 2022, the accrued interest balance owed to RAS, LLC was $0 and $45,876, respectively, as the remaining accrued balance was converted into common shares as noted above.

 

Lisa Landau

 

Lisa Landau is a relative of the Company’s Chief Financial Officer. During the nine months ended September 30, 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 nine months ended September 30, 2023.

 

The principal balance was $66,294 and $76,360 as of September 30, 2023 and December 31, 2022, 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 September 30, 2023, but the Company obtained a default waiver from IRED. The Company incurred approximately $333,750 of interest during the nine months ending September 30, 2023 (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.

 

23

 

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

SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED 

		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 a provisional purchase price allocation as of the January 3, 2023, acquisition date:

SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION 

		January 3, 2023
Cash		$	321,916
Accounts receivable			1,900,388
Other current assets			342,574
Fixed Assets			1,977,182
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		$	(11,980,000	)
Goodwill			25,354,972
Total consideration		$	13,374,972

 

In addition, for the business combination achieved in stages, the Company must remeasure its previously held equity interest in RCVD at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings. As of September 30, 2023, the Company was still completing its purchase price allocation and finalizing their valuation for the remeasurement of the previously held equity interest of $2,995,000. Conservatively, the Company has recognized a loss on acquisition of RCVD of $2,995,000 in other income and expense in the accompanying statement of operations for the three and nine months ended September 30, 2023. Further, there is a corresponding loss on acquisition of RCVD of $2,995,000 as a reduction to the goodwill acquired of $25,354,972. This adjustment results in an ending goodwill balance of $22,359,972 as of September 30, 2023.

 

Pro Forma Financial Information

 

The following unaudited pro forma consolidated results of operations for the nine months ended September 30, 2023 and 2022 assume the acquisition was completed on January 1, 2022:

 

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION

		2023				2022				2023				2022
		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
Pro forma net revenues			360,102				828,804				1,090,617				1,516,622
Pro forma net loss			(370,007	)			(194,372	)			(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:

SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS 

		For the Nine Months Ending September 30,
		2023				2022
Expected term			5 years				-
Exercise price		$	0.10				-
Expected volatility			145	%			-
Risk-free interest rate			3.94	%			-
Forfeitures			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 common stock warrants at the acquisition date, which does not have to be updated at each reporting period.

 

24

 

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 and has recognized the provisional difference between the fair value and the carrying value of $2,995,000 loss on acquisition of RCVD in other income and expense in its statement of operations.

 

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 December 31, 2022, and 2021, 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 netted the balance in contract liability for $457,275 against the related capitalized construction in process, with the remaining net balance fully impaired and recorded under impairment loss in the consolidated statement of operation for the year ended December 31, 2022.

 

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 September 30, 2023 and December 31, 2022, 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 September 30, 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.

 

25

 

The Company fully impaired the carrying balance of its account receivable owed by IntegraGreen as of September 30, 2023 and December 31, 2022.

 

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 September 30, 2023 and December 31, 2022.

 

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’ DEFICIT

 

The Company’s equity at September 30, 2023 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 September 30, 2023, there were 75,395,165 shares issued and 72,395,165 shares outstanding. As of December 31, 2022, there were 43,499,423 shares issued and outstanding.

 

As of September 30, 2023, and December 31, 2022, there were 28,000 shares of Series A Preferred Stock issued and outstanding, 1,000 shares of Series B Preferred Stock issued and outstanding, and 3,100 shares of Series C Preferred Stock issued and outstanding as of September 30, 2023.

 

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 nine months ended September 30, 2023. The Company has 2,150,000 options issued and outstanding under the 2022 Plan as of September 30, 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 nine months ended September 30, 2023. The Company has 1,700,000 options issued and outstanding under the 2020 Plan as of September 30, 2023 and December 31, 2022.

 

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 nine months ended September 30, 2023. The Company has 2,150,000 options issued and outstanding under the 2019 Plan as of September 30, 2023 and December 31, 2022.

 

Activity during the nine months ended September 30, 2023

 

During the nine months ended September 30, 2023, the Company issued 2,200,000 shares of common stock pursuant to consulting agreements for a total fair value of approximately $152,000.

 

During the nine months ended September 30, 2023, the Company issued 20,000,000 shares of common stock pursuant to a business acquisition with a fair value of 1,800,000.

 

26

 

During the nine months ended September 30, 2023, the Company issued 8,928,435 shares of common stock pursuant to the conversion of convertible notes and notes payable.

 

During the nine months ended September 30, 2023, the Company issued 267,310 shares of common stock pursuant to a cashless exercise of warrants.

 

During the nine months ended September 30, 2023, the Company issued 500,000 shares of common stock for $50,000 in cash proceeds.

 

Activity during the three months ended September 30, 2022

 

During the nine months ended September 30, 2022, the Company issued an aggregate of 450,000 commitment shares pursuant to securities purchase agreements with two accredited investors (see note 6) for a total fair value of approximately $202,000.

 

During the nine months ended September 30, 2022, the Company issued 1,300,000 shares of common stock from option exercise for total cash consideration of $1,300.

 

During the nine months ended September 30, 2022, the Company issued 2,783,050 shares of common stock pursuant to consulting agreements for total fair value of approximately $1,310,497.

 

During the nine months ended September 30, 2022, the Company issued 88,988 shares of common stock pursuant to a finders’ fee agreement with respect to the financing in the Company’s first fiscal quarter for total fair value of approximately $40,490.

 

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 $1,022,822 and $45,000, respectively, of dividend on Series B during the nine months ended September 30, 2023 and 2022, aggregating the total accrual to $1,212,822 and $190,000 as of September 30, 2023 and December 31, 2022, 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.

 

The Company did not issue any shares of Series A or Series B preferred stock during the nine months ended September 30, 2023.

 

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 September 30, 2023, even though the conversion would require the issuance of variable number of shares since such obligation is not unconditional. As of September 30, 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 has recognized a deemed dividend of $60,003 based on a discount to the purchase price on the Series C during the nine months ended September 30, 2023. The recognition of the in-kind accrual was reported in Additional Paid In Capital on the Company’s consolidated balance sheets.

 

27

 

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 has recorded share-based compensation expenses of $123,896 related to the additional warrants issued during the nine months ended September 30, 2023.

 

Warrants

 

A summary of the Company’s warrant activity during the nine months ended September 30, 2023, is presented below:

SCHEDULE OF WARRANTS ACTIVITY 

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (Year)
Outstanding at December 31, 2022			3,867,500			$	0.71				4.11
Granted			34,240,000				0.10				4.75
Exercised			-				-				-
Forfeited-Canceled			-				-				-
Outstanding at September 30, 2023			38,107,500			$	0.16				4.17
Exercisable at September 30, 2023			38,107,500

 

During the nine months ended September 30, 2023, the Company issued 33,000,000 warrants, convertible into an equivalent number of shares of common stock, following the acquisition of Rancho Costa Verde Development, LLC (See note 9).

 

As noted above, during the nine months ended September 30, 2023, the Company issued 1,240,000 additional warrants, convertible into an equivalent number of shares of common stock, following the issuance of the Series C Preferred Stock private offering.

 

The aggregate intrinsic value as of September 30, 2023 and December 31, 2022, was $7,155,146 and 0, respectively.

 

Options

 

A summary of the Company’s option activity during the nine months ended September 30, 2023, is presented below:

SCHEDULE OF OPTION ACTIVITY 

						Weighted				Weighted Average Remaining Contract
		Number of Options				Average Exercise Price				Term (Year)
Outstanding at December 31, 2022			6,000,000			$	0.34				3.88
Granted			-				-				-
Exercised			-				-				-
Forfeited-Canceled			-				-				-
Outstanding at September 30, 2023			6,000,000			$	0.34				3.14
Exercisable at September 30, 2023			5,731,251

 

Options outstanding as of September 30, 2023, and December 31, 2022, had aggregate intrinsic value of $210,485 and $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.

 

In October 2023, the Company issued an additional 27,405 shares of common stock to Bigger Capital Fund, LP related to a Series C Preferred Stock dividend.

 

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).

 

 

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 nine months ended September 30, 2023.
	■	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 nine months ended September 30, 2023.
	■	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 nine months ended September 30, 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 for the nine months ended September 30, 2023.
	■	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 2023, 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 September 30, 2023, compared to the Three Months Ended September 30, 2022

 

		For the three months ended
		September 30, 2023				September 30, 2022
Revenue, net		$	358,129			$	16,973
Cost of revenue			296,680				-
Gross profit			61,449				16,973
Operating expenses
Sales and marketing			12,000				100,600
General and administrative expenses			1,007,030				432,434
Total operating expenses			1,019,030				533,034
Loss from operations			(957,581	)			(516,061	)
Other income (expense)
Loss on acquisition of RCVD			(2,995,000	)			-
Loss from equity-method investment			-				(49,752	)
Loss from debt extinguishment			(1,091,117	)			-
Change in fair value of derivative			(588,314	)			219,069
Interest expense			(708,356	)			(631,308	)
Total other expense			(5,382,787	)			(461,991	)
Net loss		$	(6,340,368	)		$	(978,052	)

 

Revenue

 

Revenue increased by $341,156 to $358,129 for the three months ended September 30, 2023, from $16,973 for the three months ended September 30, 2022. The revenue recognized during the three months ended September 30, 2023 includes real estate sales, interest from financed sales, financing fees, and components of home construction.

 

Cost of revenue

 

Cost of revenue increased by $296,680 to $296,680 for the three months ended September 30, 2023, from $0 for the three months ended September 30, 2022. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.

 

 

Operating Expenses

 

Operating expenses increased by $485,996 to $1,019,030 for the three months ended September 30, 2023, from $533,034 for the three months ended September 30, 2022.

 

Sales and marketing costs decreased by $88,600, to $12,000 in the three months ended September 30, 2023, from $100,600 in the three months ended September 30, 2022. Such decrease mainly relates to the reduced marketing efforts incurred by RCVD and ILAL during the three months ended September 30, 2023 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 increased by $574,596, to $1,007,030 in the three months ended September 30, 2023, compared to $432,434 for the three months ended September 30, 2022. General and administrative increased for professional fees and other general and administrative expenses due to the acquisition of RCVD. General and administrative costs mainly include commissions paid attributable to sales.

 

Other expense

 

Other expenses increased by approximately $4,920,796 to $5,382,787 in the three months ended September 30, 2023, from $461,991 in the three months ended September 30, 2022.

 

Such increase is primarily due to $588,314 change in fair value of the Company’s derivative liability, an increase in loss on acquisition of RCVD of $2,995,000, and a $1,091,117 increase in loss from debt extinguishment related to an unfavorable conversion of convertible notes and promissory notes payable during the three months ended September 30, 2023.

 

Net Loss

 

The Company finished the three months ended September 30, 2023, with a net loss of $6,340,368, as compared to a net loss of $978,052 for the three months ended September 30, 2022. The increase in our net loss 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.

 

Results of Operations for the Nine Months Ended September 30, 2023, compared to the Nine Months Ended September 30, 2022

 

		For the nine months ended
		September 30, 2023				September 30, 2022
Revenue, net		$	1,084,641			$	50,919
Cost of revenue			300,680				-
Gross profit			783,961				50,919
Operating expenses
Sales and marketing			300,259				903,283
Impairment loss			245,674				-
General and administrative expenses			2,316,807				2,506,181
Total operating expenses			2,862,740				3,409,464
Loss from operations			(2,078,779	)			(3,358,545	)
Other income (expense)
Loss from debt extinguishment			(1,140,446	)			-
Loss from acquisition of RCVD			(2,995,000	)			-
Loss from equity-method investment			-				(231,845	)
Change in fair value of derivative liability			(690,091	)			219,069
Interest income			-				536
Interest expense			(1,723,273	)			(960,496	)
Total other expense			(6,548,810	)			(972,736	)
Net loss		$	(8,627,589	)		$	(4,331,281	)

 

 

Revenue

 

Revenue increased by $1,033,722 to $1,084,641 for the nine months ended September 30, 2023, from $50,919 for the nine months ended September 30, 2022. The revenue recognized during the nine months ended September 30, 2023 includes real estate sales, interest from financed sales, financing fees, and components of home construction,

 

Cost of revenue

 

Cost of revenue increased by $300,680 to $300,680 for the nine months ended September 30, 2023, from $0 for the nine months ended September 30, 2022. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.

 

Operating Expenses

 

Operating expenses decreased by $546,724 to $2,862,740 for the nine months ended September 30, 2023, from $3,409,464 for the nine months ended September 30, 2022.

 

Sales and marketing costs decreased by $603,024, to $300,259 in the nine months ended September 30, 2023, from $903,283 in the nine months ended September 30, 2022. Such decrease mainly relates to the reduced marketing efforts incurred by RCVD during the nine months ended September 30, 2023 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 $189,374, to $2,316,807 in the nine months ended September 30, 2023, compared to $2,506,181 for the nine months ended September 30, 2022. General and administrative was decreased due to a lack of capital compared to prior period as the Company was in process of raising additional funds through September 30, 2023. General and administrative costs are mainly comprised of commissions paid attributable to sales.

 

Other operating expenses increased by $245,674 which is attributable to an increase in impairment losses recognized on long-lived assets of $245,674 during the nine months ended September 30, 2023. There was no impairment loss recognized for the nine months ended September 30, 2022.

 

Other expense

 

Other expenses increased by approximately $5,576,074 to $6,548,810 in the nine months ended September 30, 2023, from $972,736 in the nine months ended September 30, 2022.

 

Such increase is primarily due to a $762,777 increase in interest expense, which results from the additional convertible notes that the Company secured during fiscal year 2022 and 2023 to fund its ongoing operations and the additional convertible note for an aggregate amount of $8,900,000 issued pursuant to the RCVD acquisition, a decrease of $909,160 in the change in fair value of the Company’s derivative liability, $2,995,000 related to the loss on acquisition of RCVD, and $1,140,446 related to loss from debt extinguishment.

 

Net Loss

 

The Company finished the nine months ended September 30, 2023, with a net loss of $8,627,589, as compared to a net loss of $4,331,281 for the nine months ended September 30, 2022. The increase in our net loss 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 $123,117 and $49,374 as of September 30, 2023, and December 31, 2022, respectively. As shown in the accompanying financial statements, we recorded a loss of $8.6 million for the nine months ended September 30, 2023. Our working capital deficit as of September 30, 2023, was $32.4 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 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 used in operating activities for the nine months ended September 30, 2023, was $1,107,362 which resulted primarily due to the loss of $8,627,589 offset by non-cash share-based compensation of $358,037, amortization of debt discount of $357,376, depreciation of $89,241, impairment loss of $245,674, loss from debt extinguishment of $1,140,446, loss on acquisition of RCVD of $2,995,000, fair value of equity securities issued for services for $152,000, excess fair value of derivative liability for $108,465, change in fair value of derivative liability of $475,114, and net change in assets and liabilities of $1,490,778.

 

Net cash flows used in operating activities for the nine months ended September 30, 2022, was $506,041 which resulted primarily due to the loss of $4,331,281 offset by non-cash share-based compensation of $1,281,976, fair value of equity securities issued for services of $1,310,497, amortization of debt discount of $291,374, loss from the Company’s equity-method investment of $231,845, positive change in fair value of derivative liability of $219,069 depreciation of $39,708, and net change in assets and liabilities of $532,124.

 

Investing Activities

 

Net cash flows used in investing activities was $101,900 for the nine months ended September 30, 2023. The funds were used for the development of the various projects and the purchased house construction at Plaza Bajamar and Valle Divino for $354,070, additional investment for land development for $274,846. This was offset by the cash acquired for $321,920 from the acquisition of RCVD and $205,096 in proceeds from the disposal of fixed assets.

 

Net cash flows used in investing activities was $444,535 for the nine months ended September 30, 2022. The funds were used for the development of the various projects and the purchased house construction at Plaza Bajamar and Valle Divino.

 

Financing Activities

 

Net cash flows provided by financing activities for the nine months ended September 30, 2023, was $1,283,005, primarily from cash proceeds from additional funding from related parties for aggregate amount of $560,840, cash proceeds from convertible notes of $225,000, cash proceeds from other loans for $380,938, cash proceeds from Common Stock issuances of $50,000, cash proceeds from promissory notes of $465,000, and cash proceeds from Series C Preferred Stock issuance of $250,000. These were offset by $318,359 repayment of related party advances, $60,000 repayment of promissory notes, and $270,414 repayment of convertible notes.

 

Net cash flows provided by financing activities for the nine months ended September 30, 2022, was $989,827 primarily from cash proceeds from issuance of promissory notes for aggregate amount of $663,250, cash proceeds from on-going funding from related party for aggregate amount of $677,347, offset by $262,596 repayment of related party advances, and $89,474 repayment of promissory notes.

 

As a result of these activities, we experienced an increase in cash of $73,743 for the nine months ended September 30, 2023.

 

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, 2022, filed with the SEC on July 6, 2023.

 

Off-balance Sheet Arrangements

 

During the period ended September 30, 2023, 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 September 30, 2023, 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 September 30, 2023, 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, 2022, and which the Company determined continued to exist as of September 30, 2023.

 

Changes in Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting that occurred during the three and nine months ended September 30, 2023, 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 2022, as filed with the SEC on July 6, 2023. The risk factors described in the fiscal year ended 2022 Form 10-K have not materially changed.

 

 

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

 

During the nine months ended September 30, 2023, the Company issued 2,200,000 shares of common stock pursuant to consulting agreements for a total fair value of approximately $152,000.

 

During the nine months ended September 30, 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 nine months ended September 30, 2023, the Company issued 8,928,435 shares of common stock pursuant to the conversion of convertible notes and notes payable.

 

During the nine months ended September 30, 2023, the Company issued 267,310 shares of common stock pursuant to a cashless exercise of warrants.

 

During the nine months ended September 30, 2023, the Company issued 500,000 shares of common stock for $50,000 in cash proceeds.

 

During the nine months ended September 30, 2023, the Company issued 3,100 shares of Series C Preferred Stock to Bigger Capital Fund, LP in a private equity offering for $310,000.

 

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:	November 22, 2023		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 November 22, 2023
/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.

 

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: November 22, 2023
/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 September 30, 2023 (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: November 22, 2023
/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:

 

(1) The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2023 (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: November 22, 2023
/s/ Jason Sunstein
Jason Sunstein
Principal Financial and Accounting Officer and Director

 

 

 

v3.23.3

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 22, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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		75,422,570

v3.23.3

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 123,117	$ 49,374
Accounts receivable	1,652,086
Prepaid and other current assets	16,815	49,198
Total current assets	1,792,018	98,572
Other non-current assets	50,382
Land	1,206,219	203,419
Buildings, net	1,815,040	863,745
Furniture and equipment, net	5,473	1,877
Goodwill	22,359,972
Total assets	27,229,104	1,167,613
Current liabilities
Deferred revenue	9,351,815
Contract liability	93,382	85,407
Deposits	20,500	20,500
Derivative liability	696,460	531,527
Convertible notes, net of debt discounts	625,210	558,657
Convertible note RCVD acquisition	8,900,000
Other loans	6,957,504
Total current liabilities	34,212,120	5,718,595
Promissory notes, net of current portion
Total liabilities	34,212,120	5,718,595
Commitments and Contingencies (Note 10)
Total Temporary Equity	603,500	293,500
Stockholders’ Deficit
Common stock; $0.001 par value; 150,000,000 shares authorized; 75,395,165 and 72,395,165 shares issued and outstanding as of September 30, 2023, respectively, and 43,499,423 shares issued and outstanding as of December 31, 2022.	75,395	43,500
Common stock payable	31,939
Additional paid-in capital	26,355,164	20,233,446
Treasury stock (3,000,000 shares as of September 30, 2023)	(300,000)
Accumulated deficit	(33,749,046)	(25,121,457)
Total stockholders’ deficit	(7,586,516)	(4,844,482)
Total liabilities and stockholders’ deficit	27,229,104	1,167,613
Series B Preferred Stock [Member]
Current liabilities
Total Temporary Equity	293,500	293,500
Stockholders’ Deficit
Preferred stock value	1	1
Series C Preferred Stock [Member]
Current liabilities
Total Temporary Equity	310,000
Stockholders’ Deficit
Preferred stock value	3
Series A Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock value	28	28
Nonrelated Party [Member]
Current liabilities
Accounts payable and accrued liabilities	1,637,713	675,202
Accrued interest	1,645,687	352,884
Promissory notes, net discounts	2,294,762	1,885,616
Related Party [Member]
Current liabilities
Accounts payable and accrued liabilities	326,236	189,266
Accrued interest	171,825	132,841
Promissory notes, net discounts	$ 1,491,026	$ 1,286,695

v3.23.3

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
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	75,395,165	43,499,423
Common stock, shares outstanding	72,395,165	43,499,423
Treasury stock, shares	3,000,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,010,000	2,010,000
Preferred stock, shares issued	28,000	28,000
Preferred stock, shares outstanding	28,000	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	0
Preferred stock, shares outstanding	3,100	0

v3.23.3

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net revenues and lease income	$ 358,129	$ 16,973	$ 1,084,641	$ 50,919
Cost of revenues	296,680		300,680
Gross profit (loss)	61,449	16,973	783,961	50,919
Operating expenses
Sales and marketing	12,000	100,600	300,259	903,283
Impairment loss			245,674
General and administrative expenses	1,007,030	432,434	2,316,807	2,506,181
Total operating expenses	1,019,030	533,034	2,862,740	3,409,464
Loss from operations	(957,581)	(516,061)	(2,078,779)	(3,358,545)
Other income (expense)
Loss from debt extinguishment	(1,091,117)		(1,140,446)
Loss on acquisition of RCVD	(2,995,000)		(2,995,000)
Change in fair value derivative liability	(588,314)	219,069	(690,091)	219,069
Loss from equity-method investment		(49,752)		(231,845)
Interest income				536
Interest expense	(708,356)	(631,308)	(1,723,273)	(960,496)
Total other expense	(5,382,787)	(461,991)	(6,548,810)	(972,736)
Net loss	(6,340,368)	(978,052)	(8,627,589)	(4,331,281)
Preferred stock dividends	1,007,822	15,000	1,082,825	45,000
Net loss applicable to common shareholders	$ (7,348,190)	$ (993,052)	$ (9,710,413)	$ (4,376,281)
Loss per common share - basic	$ (0.11)	$ (0.03)	$ (0.16)	$ (0.13)
Loss per common share - diluted	$ (0.11)	$ (0.03)	$ (0.16)	$ (0.13)
Weighted average common shares outstanding - basic	64,441,149	36,394,441	62,191,188	34,917,678
Weighted average common shares outstanding - diluted	64,441,149	36,394,441	62,191,188	34,917,678

v3.23.3

Consolidated Statements of Changes in Stockholders' 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]	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Common Stock Payable [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021	$ 28	$ 1		$ 31,850		$ 15,760,772		$ (14,703,818)	$ 1,088,833
Balance, shares at Dec. 31, 2021	28,000	1,000		31,849,327
Common stock issued for consulting services				$ 815		446,463			447,278
Common stock issued for consulting services, shares				814,714
Stock-based compensation						871,688			871,688
Dividend on Series Preferred						(15,000)			(15,000)
Net loss								(1,492,722)	(1,492,722)
Common shares issued pursuant to promissory notes				$ 450		201,825			202,275
Common shares issued pursuant to promissory notes, shares				450,000
Common stock issued for option exercise				$ 600					600
Common stock issued for option exercise, shares				600,000
Warrants issued in connection with debt financing						159,664			159,664
Balance at Mar. 31, 2022	$ 28	$ 1		$ 33,715		17,425,412		(16,196,540)	1,262,616
Balance, shares at Mar. 31, 2022	28,000	1,000		33,714,041
Balance at Dec. 31, 2021	$ 28	$ 1		$ 31,850		15,760,772		(14,703,818)	1,088,833
Balance, shares at Dec. 31, 2021	28,000	1,000		31,849,327
Net loss									(4,331,281)
Settlement of derivative liability
Balance at Sep. 30, 2022	$ 28	$ 1		$ 36,472		18,707,352		(19,035,099)	(291,246)
Balance, shares at Sep. 30, 2022	28,000	1,000		36,471,365
Balance at Dec. 31, 2021	$ 28	$ 1		$ 31,850		15,760,772		(14,703,818)	1,088,833
Balance, shares at Dec. 31, 2021	28,000	1,000		31,849,327
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
Balance at Mar. 31, 2022	$ 28	$ 1		$ 33,715		17,425,412		(16,196,540)	1,262,616
Balance, shares at Mar. 31, 2022	28,000	1,000		33,714,041
Common stock issued for consulting services				$ 1,635		728,250			729,885
Common stock issued for consulting services, shares				1,635,000
Stock-based compensation						410,288			410,288
Dividend on Series Preferred						(15,000)			(15,000)
Net loss								(1,860,507)	(1,860,507)
Common stock issued for option exercise				$ 700					700
Common stock issued for option exercise, shares				700,000
Common stock issued with Finders’ Fee agreement				$ 89		40,401			40,490
Common stock issued with Finders' Fee agreement, shares				88,988
Balance at Jun. 30, 2022	$ 28	$ 1		$ 36,139		18,589,351		(18,057,047)	568,472
Balance, shares at Jun. 30, 2022	28,000	1,000		36,138,029
Common stock issued for consulting services				$ 333		133,001			133,334
Common stock issued for consulting services, shares				333,336
Dividend on Series Preferred						(15,000)			(15,000)
Net loss								(978,052)	(978,052)
Balance at Sep. 30, 2022	$ 28	$ 1		$ 36,472		18,707,352		(19,035,099)	(291,246)
Balance, shares at Sep. 30, 2022	28,000	1,000		36,471,365
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
Common shares issued from related party acquisition				$ 20,000		1,780,000			1,800,000
Balance, 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)
Common stock issued from debt conversion				$ 1,077		146,728			147,805
Balance, shares				1,077,164
Common stock issued for consulting services				$ 100		14,900			15,000
Common stock issued for consulting services, shares				100,000
Stock-based compensation						78,047			78,047
Dividend on Series Preferred						(15,000)			(15,000)
Net loss								(1,908,561)	(1,908,561)
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, 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
Balance, shares				8,928,435
Net loss									(8,627,589)
Balance, shares				267,310
Common shares issued for cash				$ 50,000
Balance, shares				500,000
Settlement of derivative liability									$ 518,646
Common stock issued for option exercise, shares
Balance at Sep. 30, 2023	$ 28	$ 1	$ 3	$ 75,395	(300,000)	26,355,164	31,939	(33,749,046)	$ (7,586,516)
Balance, shares at Sep. 30, 2023	28,000	1,000	3,100	75,395,165
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
Stock-based compensation						78,047			78,047
Dividend on Series Preferred						(60,003)			(60,003)
Net loss								(378,660)	(378,660)
Common stock issued for warrant exercise				$ 267		(267)
Balance, shares				267,310
Warrants issued pursuant to Series C Preferred Stock						18,504			18,504
Series C Preferred Stock issued for cash			$ 3						3,100
[custom:StockIssuedDuringPeriodSharesIssuedForCash]			3,100
Balance at Jun. 30, 2023	$ 28	$ 1	$ 3	$ 64,677	(300,000)	36,281		(27,850,553)	(28,049,295)
Balance, shares at Jun. 30, 2023	28,000	1,000	3,100	64,676,587
Common stock issued from debt conversion				$ 7,851		1,527,123			1,534,974
Balance, shares				7,851,268
Common stock issued for consulting services				$ 2,100		134,900			137,000
Common stock issued for consulting services, shares				2,100,000
Stock-based compensation						78,047			78,047
Dividend on Series Preferred						(1,007,822)			(1,007,822)
Net loss								(6,340,368)	(6,340,368)
Warrants issued pursuant to Series C Preferred Stock						105,392			105,392
Reclassification of deemed dividend from related party transaction						24,913,097		441,875	25,354,972
Common shares issued for cash				$ 500		49,500			50,000
Balance, shares				500,000
Common shares issued pursuant to promissory notes							31,939		31,939
Settlement of derivative liability						518,646			518,646
Balance at Sep. 30, 2023	$ 28	$ 1	$ 3	$ 75,395	$ (300,000)	$ 26,355,164	$ 31,939	$ (33,749,046)	$ (7,586,516)
Balance, shares at Sep. 30, 2023	28,000	1,000	3,100	75,395,165

v3.23.3

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities
Net loss	$ (8,627,589)	$ (4,331,281)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	358,037	1,281,976
Impairment loss	245,674
Loss on acquisition of RCVD	2,995,000
Fair value equity securities issued for services	152,000	1,310,497
Penalty on convertible debt	108,096
Loss on debt extinguishment	1,140,446
Depreciation and amortization	89,241	39,708
Loss from equity-method investment		231,845
Amortization of debt discount	357,376	291,374
Excess Fair Value of derivative	108,465	356,785
Change in fair value of derivative liability	475,114	(219,069)
Changes in operating assets and liabilities
Accounts Receivable	58,764	(25,199)
Prepaid and other current assets	32,383	45,557
Other non-current assets	(7,808)
Accounts payable and accrued liabilities	310,182	(235,002)
Accounts payable and accrued liabilities - related parties	136,970	411,305
Deferred revenue	75,195
Accrued interest	579,183
Accrued interest on note receivable		(5,919)
Deposits		500
Contract liability	305,909	340,882
Net cash used in operating activities	(1,107,362)	(506,041)
Cash Flows from Investing Activities
Cash acquired from RCVD acquisition	321,920
Proceeds from disposal of fixed assets	205,096
Additional expenditures on land	(274,846)
Building and Construction in Progress payments	(354,070)	(444,535)
Net cash used in investing activities	(101,900)	(444,535)
Cash Flows from Financing Activities
Common stock issued from options exercise		1,300
Common stock issued for cash	50,000
Series C Preferred Stock issued for cash	250,000
Cash payments on promissory notes- related party	(318,359)	(262,596)
Cash payments on promissory notes	(60,000)	(89,474)
Cash proceeds from convertible notes	225,000	663,250
Cash payments on convertible notes	(270,414)
Cash proceeds other loans	380,938
Cash proceeds from promissory notes	465,000
Cash proceeds from promissory notes- related party	560,840	677,347
Net cash provided by financing activities	1,283,005	989,827
Net increase in cash	73,743	39,251
Cash, beginning of period	49,374	56,590
Cash, end of period	123,117	95,841
Supplemental disclosure of cash flow information
Cash paid for interest	276,963	115,084
Cash paid for income tax
Non-Cash investing and financing transactions
Dividend on Series B	1,022,822	45,000
Dividend on Series C	60,003
Common shares issued with convertible debt	156,310
Common shares issued with convertible related party	386,023
Common stock issued for finder’s fee agreement		40,490
Commitment shares issued with convertible note		202,275
Debt discount from issuance of new promissory notes	31,939	102,200
Debt discount from bifurcated derivative	100,000	140,750
Debt discount created from warrants embedded in financing		159,664
Cashless warrant exercise	267
Corporate expenses paid by related party note payable		49,145
Convertible debt exchange for related party note payable	182,594
Settlement of derivative liability	$ 518,646

v3.23.3

NATURE OF OPERATIONS AND GOING CONCERN	9 Months Ended
	Sep. 30, 2023
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   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 and nine months ended September 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, refer to the audited financial statements and notes for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K filed with the SEC on July 6, 2023.   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 September 30, 2023, the Company’s current liabilities exceeded its current assets by approximately $32.4 million. The Company has recorded a net loss of $8.6 million for the nine months ended September 30, 2023 and has an accumulated deficit of approximately $33.7 million as of September 30, 2023. 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 September 30, 2023. 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).

v3.23.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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 September 30, 2023. 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 September 30, 2023. As of September 30, 2023, 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: SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY  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 % 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 2022 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. As of December 31, 2022, management believes the carrying value of its equity method investments was recoverable in all material respects. 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 September 30, 2023, and December 31, 2022, 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 September 30, 2023: SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Fair Value Measurements at September 30, 2023 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   $ -     $ -     $ 696,460     $ 696,460   Total   $ -     $ -     $ 696,460     $ 696,460       The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2023: SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Derivative       Liability   Balance December 31, 2022   $ 531,527             New derivative from convertible notes     208,464   Settlement by debt extinguishment     (297,566 ) Change in estimated fair value     480,268   Balance March 31, 2023   $ 922,693   Change in estimated fair value     (295,901 ) Balance June 30, 2023   $ 626,792   Settlement by debt extinguishment     (221,080 ) Change in estimated fair value     290,748   Balance September 30, 2023   $ 696,460     Derivative Liability   As of September 30, 2023, 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 and Nine Months Ending September 30,         2023       2022                 Expected term     1 month – 1 year       -   Exercise price   $ 0.03 - $0.13       -   Expected volatility     176% - 232 %     -   Expected dividends     None       -   Risk-free interest rate     5.03% - 5.55 %     -   Forfeitures     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. The Company fully impaired of the land held for sale as of September 30, 2023.   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 September 30, 2023.   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: SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES  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 lost 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 $358,129 and $1,084,641, respectively, of net revenue during the three and nine months ended September 30, 2023.   Advertising costs   The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $12,000 and $100,600 for the three months ended September 30, 2023, and 2022, respectively. For the nine months ended September 30, 2023 and 2022, the total advertising costs amounted to $300,259 and $903,283, 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.   Stock Options Plan – 2019 Equity Incentive Plan   On February 11, 2019, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “2019 Plan”). In order for the 2019 Plan to grant “qualified stock options” to employees, it requires approval by the Company’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 shareholders’ 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 under the Plan. The Company has a total of 2,150,000 options issued and outstanding under the 2019 Plan as of September 30, 2023. The Company did not issue any stock options during the three and nine months ended September 30, 2023.   Stock Options Plan – 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 Company’s authorized common stock for issuance under the 2020 Plan. The 2020 Plan enables the Company’s board of directors to provide equity-based incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers. The Company has a total of 1,700,000 options issued and outstanding under the 2020 Plan as of September 30, 2023.   Stock Options Plan – 2022 Equity Incentive Plan   On December 1, 2022, the Company’s Board of Directors approved a 2022 Equity Incentive Plan (the “2022 Plan”). The 2022 Plan enables the Board of Directors to provide equity incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers.   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 Company did not issue any stock options during the three and nine months ended September 30, 2023. The Company has a total of 2,150,000 options issued and outstanding under the 2022 Plan as of September 30, 2023   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.   Loss Per Share   The Company computes 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 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 nine months ended September 30, 2023     For the nine months ended September 30, 2022                 Options     6,000,000       3,850,000   Warrants     38,107,500       3,867,500   Total potentially dilutive shares     44,107,500       7,717,500     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 September 30, 2023.   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 and nine months ended September 30, 2023.   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 is currently evaluating the potential impact of the Update on its financial statements.     In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated financial statements.   In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated 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.

v3.23.3

ASSET PURCHASE AND TITLE TRANSFER	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ASSET PURCHASE AND TITLE TRANSFER	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 and nine months ended September 30, 2023, 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, 2022, and presented under Contract Liability in the consolidated balance sheets. The Company has not received any payments during the three and nine months ended September 30, 2023.   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, 2022. The Company has not received any payments during the three and nine months ended September 30, 2023.   The remaining unpaid amount owed to the Company was $58,560 as of September 30, 2023, and December 31, 2022.

v3.23.3

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023, and December 31, 2022: SCHEDULE OF LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS      Useful life   September 30, 2023     December 31, 2022   Land – Emerald Grove       $ 203,419     $ 203,419                         Land – Rancho Costa Verde Development       $ 1,002,800     $ -                         Furniture & equipment, net   5 years   $ 5,473     $ 1,877                         Building   20 years     2,591,421       1,048,138   Less: Accumulated depreciation         (776,381 )     (184,393 )                       Building, net       $ 1,815,040     $ 863,745     Depreciation expense was approximately $29,747 and $13,236 for the three months ended September 30, 2023, and 2022, respectively, and approximately $89,241 and $39,708 for the nine months ended September 30, 2023, and 2022, respectively. Pursuant to the acquisition of RCVD, the Company recognized a total preliminary fair value of $1,977,182 of land, building and furniture and equipment.   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 and nine months ended September 30, 2023. 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 September 30, 2023 and December 31, 2022. 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 nine months ended September 30, 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 September 30, 2023 and December 31, 2022 and 2021, the Company issued 250,000 shares of the Company’s common stock for total amount of $150,000 reported under Prepaid and other current assets in the consolidated balance sheets towards the purchase of the land. The amount 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 nine months ended September 30, 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 September 30, 2023 and December 31, 2022. During the nine months ended September 30, 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, which is presented under impairment loss in the consolidated statement of operations for the nine months ended September 30, 2023.   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 2023.   As of September 30, 2023, 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 as of September 30, 2023. 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.

v3.23.3

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
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.   The Company has not paid any salary to its Chief Executive Officer for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the three and nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023 and December 31, 2022, respectively.   As of September 30, 2023, 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 nine months ended September 30, 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 2023. 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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30, 2023.     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 any salary to its Chief Financial Officer for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023 and December 31, 2022, respectively.   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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30, 2023.   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 paid any salary to its President for the three and nine months ended September 30, 2023. The Company has accrued $33,808 of compensation costs in relation to the employment agreement for the nine months ended September 30, 2023. The balance owed is $66,846 and $33,038 as of September 30, 2023, and December 31, 2022, respectively.   Frank Ingrande was the co-founder and owner of 33% of the Company’s equity-method investee RCVD. During the nine months ended September 30, 2023, the Company acquired the remaining 75% interest in RCVD, which became the Company’s wholly owned subsidiary as of September 30, 2023 (note 9).   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 and $50,700, respectively, of stock-based compensation related to these stock options during the three and nine months ended September 30 , 2023.    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 September 30, 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. See Note 7 and Note 9 for additional information related to this convertible promissory note.

v3.23.3

PROMISSORY NOTES	9 Months Ended
	Sep. 30, 2023
Promissory Notes
PROMISSORY NOTES	NOTE 6 – PROMISSORY NOTES   Promissory notes consisted of the following at September 30, 2023, and December 31, 2022:  SCHEDULE OF PROMISSORY NOTES     September 30, 2023     December 31, 2022                 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, 18% interest, due March 2020 – past maturity     1,500       1,500   Elder note Payable, 18% interest, due March 2021- past maturity     76,477       76,477   Griffith note Payable, 15% interest, due November 2023     155,000       -   Banker note Payable, 15% interest, due October 2023     150,000       -   Robles note Payable, 10% interest, due November 2023     100,000       -   Redwood Trust note payable, 12% interest, due February 2023     1,787,000       1,787,000   Total Notes Payable   $ 2,294,762     $ 1,889,762   Less discounts     -       (4,146 )                   Total Promissory notes, net of discount     2,294,762       1,885,616                     Less current portion     (2,294,762 )     (1,885,616 )                   Total Promissory notes, net of discount - long term   $ -     $ -     Interest expense related to the amortization of the associated debt discount was $0, respectively, for the three months ended September 30, 2023 and 2022, and $4,146 and $0, respectively, for the nine months ended September 30, 2023 and 2022.     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 $190,986 of interest expense and paid $263,377 of interest during the nine months ended September 30, 2023. Accrued interest was $649 and $73,040 as of September 30, 2023 and December 31, 2022, respectively.   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 September 30, 2023 and December 31, 2022. There was no activity during the three and nine months ended September 30, 2023.   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 September 30, 2023 and December 31, 2022, the remaining principal balance was $24,785. The Company has not incurred any interest expense related to this promissory note during the three and nine months ended September 30, 2023 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 and nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, the remaining principal balance was $76,477.   The Company incurred approximately $8,604 and $8,658 of interest during the nine months ended September 30, 2023 and 2022, respectively. Accrued interest was $32,103 and $23,500 as of September 30, 2023 and December 31, respectively.   Bobbie Allen Griffith – In default   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 note is in technical default as it is past maturity date and the Company failed to repay the outstanding principal and accrued interest.   The Company began to repay the note during the three and nine months ended September 30, 2023 for a total of $60,000 in principal payments. As of September 30, 2023, the remaining principal balance was $155,000.   The Company incurred approximately $11,625 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $11,625 as of September 30, 2023.   The Company initially recognized a debt discount and stock payable on this note of $20,777 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $20,777 during the three and nine months ended September 30, 2023.   George Banker   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 is due on October 11, 2023.   There was no activity during the three and nine months ended September 30, 2023. As of September 30, 2023, the remaining principal balance was $150,000.   The Company incurred approximately $22,500 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $22,500 as of September 30, 2023.   The Company initially recognized a debt discount and stock payable on this note of $5,769 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $4,808 during the three and nine months ended September 30, 2023.   George Robles   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 is due on November 1, 2023.   There was no activity during the three and nine months ended September 30, 2023. As of September 30, 2023, the remaining principal balance was $100,000.   The Company incurred approximately $5,000 of interest during the three and nine months ended September 30, 2023, respectively. Accrued interest was $5,000 as of September 30, 2023.   The Company initially recognized a debt discount and stock payable on this note of $5,393 as of September 30, 2023. The Company incurred amortization expense of debt discount on the note of $2,606 during the three and nine months ended September 30, 2023.

v3.23.3

CONVERTIBLE NOTES	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
CONVERTIBLE NOTES	NOTE 7 – CONVERTIBLE NOTES   Convertible notes consisted of the following at September 30, 2023 and December 31, 2022:  SCHEDULE OF CONVERTIBLE NOTES     September 30, 2023     December 31, 2022                 1800 Diagonal convertible note #1, 9% interest, due July 2023     -       85,000   1800 Diagonal convertible note#2, 9% interest, due September 2023     -       64,250   1800 Diagonal convertible note #3, 10% interest, due October 2023     -       122,488   1800 Diagonal convertible note #4, 9% interest, due March 2024     -       -   1800 Diagonal convertible note #5, 9% interest, due June 2024     55,000       -   1800 Diagonal convertible note #6, 10% interest, due September 2024     92,000       -   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   $ 9,547,000     $ 771,738   Less discounts     (21,790 )     (213,081 )                   Total convertible notes, net of discount     9,525,210       558,657                     Less current portion     (9,525,210 )     (558,657 )                   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 nine months ended September 30, 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 September 30, 2023 and December 31, 2022. The Company incurred approximately $27,663 of interest during the nine months ended September 30, 2023. Accrued interest totaled approximately $0 and $23,703 as of September 30, 2023 and December 31, 2022.   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 September 30, 2023 and December 31, 2022, the default penalty was $0 and $68,426, respectively. During the nine months ended September 30, 2023, the Company recognized an additional $6,904 of default penalty for a total amount of $75,289, which was fully converted into shares of common stock during the nine months ended September 30, 2023.   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 Company amortized $50,742 through interest expenses during the nine months ended September 30, 2023.   The balance of the unamortized debt discount was $0 and $50,742 as of September 30, 2023 and December 31, 2022.   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 September 30, 2023 and December 31, 2022. The Company incurred approximately $13,400 of interest during the nine months ended September 30, 2023. Accrued interest totaled approximately $36,740 and $23,400 as of September 30, 2023 and December 31, 2022.   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 September 30, 2023 and December 31, 2022, the Company accrued $85,091 as default penalty, which is presented in accounts payable and accrued interest in the consolidated balance sheet.   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 Company amortized $53,097 through interest expenses during the nine months ended September 30, 2023.   The balance of the unamortized debt discount was $0 and $53,097 as of September 30, 2023 and December 31, 2022.   1800 Diagonal Lending Inc. (“Diagonal note”)   Diagonal note #1   On July 28, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $85,000 for net proceeds of $80,750, net of issuance costs of $4,250. Interest rate under the convertible promissory note is 9% per year, and the principal and all accrued but unpaid interest are due on July 28, 2023. At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed rate or discount to the market price. The note includes a prepayment feature at a premium of 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.   During the nine months ended September 30, 2023, the Company converted $15,000 of principal into 242,404 shares of common stock. The Company repaid $111,594 from a related party note (note 8) for the outstanding principal and accrued interest and default interest.   The principal balance of Diagonal note #1was $0 and $85,000 as of September 30, 2023 and December 31, 2022. The Company incurred approximately $37,900 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $0 and $3,700 as of September 30, 2023 and December 31, 2022.   The Company initially recognized $4,250 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $2,479 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $2,479 as of September 30, 2023 and December 31, 2022.   Diagonal note #2   On September 2, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $64,250 for net proceeds of $60,000, net of issuance costs of $4,250. Interest rate under the convertible promissory note is 9% per year, and the principal and all accrued but unpaid interest are due on September 2, 2023. 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 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 repaid $11,798 in cash for the outstanding principal and accrued interest and default interest. The Company repaid $71,000 from a related party note (note 8) for the outstanding principal and accrued interest and default interest.   The principal balance owed to Diagonal was $0 and $64,250 as of September 30, 2023 and December 31, 2022. The Company incurred approximately $16,620 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $0 and $1,900 as of September 30, 2023 and December 31, 2022.   The Company amortized $42,876 of debt discount through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $42,876 as of September 30, 2023 and December 31, 2022.   Diagonal note #3   On October 17, 2022, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $142,276 for net proceeds of $122,782, net of issuance costs of $19,494. Interest under the convertible promissory note is 10% per year, and the note includes a guaranteed twelve-month coupon or $14,227.   The maturity date of the note is October 17, 2023. The convertible note is contingently convertible upon an event of default, and the conversion price is the greater of a fixed rate or a discount to the market price. The note requires ten (10) monthly installment payments of $15,650 starting on November 30, 2022.     The Company incurred approximately $14,227 of interest expenses and paid $1,423 of interest during the year ended December 31, 2022. Accrued interest was $12,804 as of December 31, 2022.   During the nine months ended September 30, 2023, the Company repaid $12,804 of interest and repaid $122,488 of principal.   The Company initially recognized $19,494 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $15,433 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 and $15,433 as of September 30, 2023 and December 31, 2022.   The balance of the Diagonal note #3 was $0 and $122,488 as of September 30, 2023 and December 31, 2022, respectively.   Diagonal note #4   On March 3, 2023, the Company issued a convertible promissory note pursuant to which it borrowed gross proceeds of $104,250 for net proceeds of $100,000, net of issuance costs of $4,250. Interest under the convertible promissory note is 9% per year and a default coupon of 22%.   The maturity date of the note is March 3, 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.   During the nine months ended September 30, 2023, the Company repaid $104,250 of principal.   The Company initially recognized $4,250 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $4,250 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $0 as of September 30, 2023.   The balance of the Diagonal note #4 was $0 as of September 30, 2023.   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 $413 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $413 as of September 30, 2023.   The Company initially recognized $5,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $417 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $4,583 as of September 30, 2023.   The balance of the Diagonal note #5 was $55,000 as of September 30, 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.   The Company incurred approximately $9,200 of interest expenses during the nine months ended September 30, 2023. Accrued interest was $9,200 as of September 30, 2023.   The Company initially recognized $17,000 of debt discount resulting from the original issue discount and the deferred financing costs. The Company amortized $1,417 through interest expenses during the nine months ended September 30, 2023. The balance of the unamortized debt discount was $15,583 as of September 30, 2023.   The balance of the Diagonal note #6 was $92,000 as of September 30, 2023.   International Real Estate Development, LLC. - In default   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. The Company failed to make the first installment in accordance with the terms of the agreement.   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 $333,750 of interest during the nine months ended September 30, 2023. Accrued interest was $333,750 as of September 30, 2023. The balance was $8,900,000 as of September 30, 2023.

v3.23.3

PROMISSORY NOTES – RELATED PARTY	9 Months Ended
	Sep. 30, 2023
Promissory Notes Related Party
PROMISSORY NOTES – RELATED PARTY	NOTE 8 – PROMISSORY NOTES – RELATED PARTY   Related party promissory notes consisted of the following at September 30, 2023, and December 31, 2022: SCHEDULE OF RELATED PARTY PROMISSORY NOTES      September 30, 2023     December 31, 2022   RAS Real Estate LLC   $ -     $ 249,589   Six-Twenty Management LLC – On demand     1,414,338       960,746   Frank Ingrande     10,394       -   Lisa Landau – On demand     66,294       76,360   Total On demand notes, net of discount   $ 1,491,026     $ 1,286,695     Six Twenty Management LLC (“Six-Twenty”) – Manager is the Company’s Chief Financial Officer   Jason Sunstein, the Company’s Chief Financial Officer is also the managing member and 100% owner of Six Twenty Management LLC (“Six Twenty”), an entity that has been providing ongoing capital support to the Company.   On March 31, 2021, the Company executed a non-convertible promissory note with Six Twenty for an initial amount funded of $288,611 and carrying a coupon of eight percent (8%) and a maturity of twelve months. Six-Twenty subsequently funded the Company for additional cash of $609,200. The non-convertible promissory note is not updated with the additional activity but reverted to an on-demand advances.   During the nine months ended September 30, 2023, Six Twenty funded an additional $485,881 and repaid in cash $111,594 the remaining balance of one of the Diagonal notes (See note 7). The Company paid $143,883 in cash towards the non-convertible promissory note.   As of September 30, 2023 and December 31, 2022, the principal balance owed to Six-Twenty was $1,414,338 and $960,746, respectively.     The Company incurred approximately $84,860 and $43,446 of interest expense during the nine months ended September 30, 2023 and 2022, respectively. Accrued interest was $171,825 and $86,965 as of September 30, 2023 and December 31, 2022, respectively. Refer to note 5 for disclosures on related party.   RAS, LLC (past maturity)   On October 25, 2019, the Company issued a promissory note to RAS, LLC, a company controlled by an employee, who is a relative of the Company’s Chief Financial Officer for $440,803. The proceeds of the note were largely used to repay shareholders’ loans and other liabilities. The loan bears interest at 10%, and also carries a default coupon rate of 18%. The loan matured on April 25, 2020, is secured by 2,500,000 common shares and a Second Deed of Trust for property in Hemet, CA (Emerald Grove).   During the nine months ended September 30, 2023, the Company paid $12,300 towards the promissory note. In addition, in September 2023, the Company converted the outstanding principal, interest, and default interest into 7,021,171 common shares for the remaining total interest and principal balance of $386,023. At the date of issuance and conversion, the value of the common shares issued was $1,167,588, causing a loss on conversion for the Company of $781,565. The outstanding balance is $0 and $249,589 as of September 30, 2023, and December 31, 2022, respectively.   During the nine months ended September 30, 2023, the Company incurred $102,858 in interest based on the default coupon rate of 18%. As of September 30, 2023, and December 31, 2022, the accrued interest balance owed to RAS, LLC was $0 and $45,876, respectively, as the remaining accrued balance was converted into common shares as noted above.   Lisa Landau   Lisa Landau is a relative of the Company’s Chief Financial Officer. During the nine months ended September 30, 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 nine months ended September 30, 2023.   The principal balance was $66,294 and $76,360 as of September 30, 2023 and December 31, 2022, respectively. The advances are on demand but do not carry any interest.

v3.23.3

BUSINESS ACQUISITION IN STAGES	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITION IN STAGES	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 September 30, 2023, but the Company obtained a default waiver from IRED. The Company incurred approximately $333,750 of interest during the nine months ending September 30, 2023 (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.     The acquisition-date fair value of the consideration transferred is as follows: SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED      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 a provisional purchase price allocation as of the January 3, 2023, acquisition date: SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION      January 3, 2023   Cash   $ 321,916   Accounts receivable     1,900,388   Other current assets     342,574   Fixed Assets     1,977,182   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   $ (11,980,000 ) Goodwill     25,354,972   Total consideration   $ 13,374,972     In addition, for the business combination achieved in stages, the Company must remeasure its previously held equity interest in RCVD at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings. As of September 30, 2023, the Company was still completing its purchase price allocation and finalizing their valuation for the remeasurement of the previously held equity interest of $2,995,000. Conservatively, the Company has recognized a loss on acquisition of RCVD of $2,995,000 in other income and expense in the accompanying statement of operations for the three and nine months ended September 30, 2023. Further, there is a corresponding loss on acquisition of RCVD of $2,995,000 as a reduction to the goodwill acquired of $25,354,972. This adjustment results in an ending goodwill balance of $22,359,972 as of September 30, 2023.   Pro Forma Financial Information   The following unaudited pro forma consolidated results of operations for the nine months ended September 30, 2023 and 2022 assume the acquisition was completed on January 1, 2022:   SCHEDULE OF PRO FORMA FINANCIAL INFORMATION     2023     2022     2023     2022       Three Months Ended September 30,     Nine Months Ended September 30,       2023     2022     2023     2022   Pro forma net revenues     360,102       828,804       1,090,617       1,516,622   Pro forma net loss     (370,007 )     (194,372 )     (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: SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS      For the Nine Months Ending September 30,       2023     2022                 Expected term     5 years       -   Exercise price   $ 0.10       -   Expected volatility     145 %     -   Risk-free interest rate     3.94 %     -   Forfeitures     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 common stock warrants at the acquisition date, which does not have to be updated at each reporting period.

v3.23.3

EQUITY METHOD INVESTMENT	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENT	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 and has recognized the provisional difference between the fair value and the carrying value of $2,995,000 loss on acquisition of RCVD in other income and expense in its statement of operations.

v3.23.3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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 December 31, 2022, and 2021, 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 netted the balance in contract liability for $457,275 against the related capitalized construction in process, with the remaining net balance fully impaired and recorded under impairment loss in the consolidated statement of operation for the year ended December 31, 2022.   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 September 30, 2023 and December 31, 2022, 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 September 30, 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 September 30, 2023 and December 31, 2022.   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 September 30, 2023 and December 31, 2022.   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.

v3.23.3

STOCKHOLDERS’ DEFICIT	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 12 – STOCKHOLDERS’ DEFICIT   The Company’s equity at September 30, 2023 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 September 30, 2023, there were 75,395,165 shares issued and 72,395,165 shares outstanding. As of December 31, 2022, there were 43,499,423 shares issued and outstanding.   As of September 30, 2023, and December 31, 2022, there were 28,000 shares of Series A Preferred Stock issued and outstanding, 1,000 shares of Series B Preferred Stock issued and outstanding, and 3,100 shares of Series C Preferred Stock issued and outstanding as of September 30, 2023.   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 nine months ended September 30, 2023. The Company has 2,150,000 options issued and outstanding under the 2022 Plan as of September 30, 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 nine months ended September 30, 2023. The Company has 1,700,000 options issued and outstanding under the 2020 Plan as of September 30, 2023 and December 31, 2022.   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 nine months ended September 30, 2023. The Company has 2,150,000 options issued and outstanding under the 2019 Plan as of September 30, 2023 and December 31, 2022.   Activity during the nine months ended September 30, 2023   During the nine months ended September 30, 2023, the Company issued 2,200,000 shares of common stock pursuant to consulting agreements for a total fair value of approximately $152,000.   During the nine months ended September 30, 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 nine months ended September 30, 2023, the Company issued 8,928,435 shares of common stock pursuant to the conversion of convertible notes and notes payable.   During the nine months ended September 30, 2023, the Company issued 267,310 shares of common stock pursuant to a cashless exercise of warrants.   During the nine months ended September 30, 2023, the Company issued 500,000 shares of common stock for $50,000 in cash proceeds.   Activity during the three months ended September 30, 2022   During the nine months ended September 30, 2022, the Company issued an aggregate of 450,000 commitment shares pursuant to securities purchase agreements with two accredited investors (see note 6) for a total fair value of approximately $202,000.   During the nine months ended September 30, 2022, the Company issued 1,300,000 shares of common stock from option exercise for total cash consideration of $1,300.   During the nine months ended September 30, 2022, the Company issued 2,783,050 shares of common stock pursuant to consulting agreements for total fair value of approximately $1,310,497.   During the nine months ended September 30, 2022, the Company issued 88,988 shares of common stock pursuant to a finders’ fee agreement with respect to the financing in the Company’s first fiscal quarter for total fair value of approximately $40,490.   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 $1,022,822 and $45,000, respectively, of dividend on Series B during the nine months ended September 30, 2023 and 2022, aggregating the total accrual to $1,212,822 and $190,000 as of September 30, 2023 and December 31, 2022, 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.   The Company did not issue any shares of Series A or Series B preferred stock during the nine months ended September 30, 2023.   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 September 30, 2023, even though the conversion would require the issuance of variable number of shares since such obligation is not unconditional. As of September 30, 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 has recognized a deemed dividend of $60,003 based on a discount to the purchase price on the Series C during the nine months ended September 30, 2023. 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 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 has recorded share-based compensation expenses of $123,896 related to the additional warrants issued during the nine months ended September 30, 2023.   Warrants   A summary of the Company’s warrant activity during the nine months ended September 30, 2023, is presented below: SCHEDULE OF WARRANTS ACTIVITY        Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Year)   Outstanding at December 31, 2022     3,867,500     $ 0.71       4.11   Granted     34,240,000       0.10       4.75   Exercised     -       -       -   Forfeited-Canceled     -       -       -   Outstanding at September 30, 2023     38,107,500     $ 0.16       4.17                             Exercisable at September 30, 2023     38,107,500                     During the nine months ended September 30, 2023, the Company issued 33,000,000 warrants, convertible into an equivalent number of shares of common stock, following the acquisition of Rancho Costa Verde Development, LLC (See note 9).   As noted above, during the nine months ended September 30, 2023, the Company issued 1,240,000 additional warrants, convertible into an equivalent number of shares of common stock, following the issuance of the Series C Preferred Stock private offering.   The aggregate intrinsic value as of September 30, 2023 and December 31, 2022, was $7,155,146 and 0, respectively.   Options   A summary of the Company’s option activity during the nine months ended September 30, 2023, is presented below: SCHEDULE OF OPTION ACTIVITY            Weighted     Weighted Average Remaining Contract       Number of Options     Average Exercise Price     Term (Year)   Outstanding at December 31, 2022     6,000,000     $ 0.34       3.88   Granted     -       -       -   Exercised     -       -       -   Forfeited-Canceled     -       -       -   Outstanding at September 30, 2023     6,000,000     $ 0.34       3.14                             Exercisable at September 30, 2023     5,731,251                     Options outstanding as of September 30, 2023, and December 31, 2022, had aggregate intrinsic value of $210,485 and $0, respectively.

v3.23.3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	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.   In October 2023, the Company issued an additional 27,405 shares of common stock to Bigger Capital Fund, LP related to a Series C Preferred Stock dividend.   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).

v3.23.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	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	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 September 30, 2023. 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 September 30, 2023. As of September 30, 2023, 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: SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY  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 % 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	Reclassification   Certain numbers from 2022 have been reclassified to conform with the current year presentation.
Investments - Equity Method	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. As of December 31, 2022, management believes the carrying value of its equity method investments was recoverable in all material respects. 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	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	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	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 September 30, 2023, and December 31, 2022, respectively.
Fair Value of Financial Instruments and Fair Value Measurements	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 September 30, 2023: SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Fair Value Measurements at September 30, 2023 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   $ -     $ -     $ 696,460     $ 696,460   Total   $ -     $ -     $ 696,460     $ 696,460       The following table presents changes of the liabilities with significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2023: SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Derivative       Liability   Balance December 31, 2022   $ 531,527             New derivative from convertible notes     208,464   Settlement by debt extinguishment     (297,566 ) Change in estimated fair value     480,268   Balance March 31, 2023   $ 922,693   Change in estimated fair value     (295,901 ) Balance June 30, 2023   $ 626,792   Settlement by debt extinguishment     (221,080 ) Change in estimated fair value     290,748   Balance September 30, 2023   $ 696,460
Derivative Liability	Derivative Liability   As of September 30, 2023, 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 and Nine Months Ending September 30,         2023       2022                 Expected term     1 month – 1 year       -   Exercise price   $ 0.03 - $0.13       -   Expected volatility     176% - 232 %     -   Expected dividends     None       -   Risk-free interest rate     5.03% - 5.55 %     -   Forfeitures     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	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	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. The Company fully impaired of the land held for sale as of September 30, 2023.
Land and Buildings	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”)	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 September 30, 2023.
Fixed Assets	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: SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES  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.   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 lost 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 $358,129 and $1,084,641, respectively, of net revenue during the three and nine months ended September 30, 2023.
Advertising costs	Advertising costs   The Company expenses advertising costs when incurred. Advertising costs incurred amounted to $12,000 and $100,600 for the three months ended September 30, 2023, and 2022, respectively. For the nine months ended September 30, 2023 and 2022, the total advertising costs amounted to $300,259 and $903,283, respectively
Debt issuance costs and debt discounts	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	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.   Stock Options Plan – 2019 Equity Incentive Plan   On February 11, 2019, the Company’s Board of Directors approved the 2019 Equity Incentive Plan (the “2019 Plan”). In order for the 2019 Plan to grant “qualified stock options” to employees, it requires approval by the Company’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 shareholders’ 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 under the Plan. The Company has a total of 2,150,000 options issued and outstanding under the 2019 Plan as of September 30, 2023. The Company did not issue any stock options during the three and nine months ended September 30, 2023.   Stock Options Plan – 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 Company’s authorized common stock for issuance under the 2020 Plan. The 2020 Plan enables the Company’s board of directors to provide equity-based incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers. The Company has a total of 1,700,000 options issued and outstanding under the 2020 Plan as of September 30, 2023.   Stock Options Plan – 2022 Equity Incentive Plan   On December 1, 2022, the Company’s Board of Directors approved a 2022 Equity Incentive Plan (the “2022 Plan”). The 2022 Plan enables the Board of Directors to provide equity incentives through grants of awards to the Company’s present and future employees, directors, consultants, and other third-party service providers.   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 Company did not issue any stock options during the three and nine months ended September 30, 2023. The Company has a total of 2,150,000 options issued and outstanding under the 2022 Plan as of September 30, 2023
Income Taxes	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.
Loss Per Share	Loss Per Share   The Company computes 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 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 nine months ended September 30, 2023     For the nine months ended September 30, 2022                 Options     6,000,000       3,850,000   Warrants     38,107,500       3,867,500   Total potentially dilutive shares     44,107,500       7,717,500
Concentration of Credit Risk	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 September 30, 2023.
Impairment of Long-lived Assets	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 and nine months ended September 30, 2023.
Convertible Promissory Note	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	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 is currently evaluating the potential impact of the Update on its financial statements.     In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated financial statements.   In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance requires a modified retrospective transition method and early adoption is permitted. In November 2019, FASB issued ASU No. 2019-10, Financial Instruments – Credit Losses, Derivatives and Hedging, and Leases (“ASU 2019-10”), which defers the adoption of ASU 2016-13 for smaller reporting companies until periods beginning after December 15, 2022. The Company has not yet adopted ASU 2016-13 and will continue to evaluate the impact of ASU 2016-13 on its consolidated 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.

v3.23.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY	The Company’s consolidated subsidiaries and/or entities were as follows: SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY  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 % 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 September 30, 2023: SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Fair Value Measurements at September 30, 2023 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   $ -     $ -     $ 696,460     $ 696,460   Total   $ -     $ -     $ 696,460     $ 696,460
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 and nine months ended September 30, 2023: SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS      Derivative       Liability   Balance December 31, 2022   $ 531,527             New derivative from convertible notes     208,464   Settlement by debt extinguishment     (297,566 ) Change in estimated fair value     480,268   Balance March 31, 2023   $ 922,693   Change in estimated fair value     (295,901 ) Balance June 30, 2023   $ 626,792   Settlement by debt extinguishment     (221,080 ) Change in estimated fair value     290,748   Balance September 30, 2023   $ 696,460
SCHEDULE OF DERIVATIVE LIABILITY	SCHEDULE OF DERIVATIVE LIABILITY      For the Three and Nine Months Ending September 30,         2023       2022                 Expected term     1 month – 1 year       -   Exercise price   $ 0.03 - $0.13       -   Expected volatility     176% - 232 %     -   Expected dividends     None       -   Risk-free interest rate     5.03% - 5.55 %     -   Forfeitures     None   -
SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES	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: 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 nine months ended September 30, 2023     For the nine months ended September 30, 2022                 Options     6,000,000       3,850,000   Warrants     38,107,500       3,867,500   Total potentially dilutive shares     44,107,500       7,717,500

v3.23.3

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS	Land, buildings, net and construction in process as of September 30, 2023, and December 31, 2022: SCHEDULE OF LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS      Useful life   September 30, 2023     December 31, 2022   Land – Emerald Grove       $ 203,419     $ 203,419                         Land – Rancho Costa Verde Development       $ 1,002,800     $ -                         Furniture & equipment, net   5 years   $ 5,473     $ 1,877                         Building   20 years     2,591,421       1,048,138   Less: Accumulated depreciation         (776,381 )     (184,393 )                       Building, net       $ 1,815,040     $ 863,745

v3.23.3

PROMISSORY NOTES (Tables)	9 Months Ended
	Sep. 30, 2023
Promissory Notes
SCHEDULE OF PROMISSORY NOTES	Promissory notes consisted of the following at September 30, 2023, and December 31, 2022:  SCHEDULE OF PROMISSORY NOTES     September 30, 2023     December 31, 2022                 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, 18% interest, due March 2020 – past maturity     1,500       1,500   Elder note Payable, 18% interest, due March 2021- past maturity     76,477       76,477   Griffith note Payable, 15% interest, due November 2023     155,000       -   Banker note Payable, 15% interest, due October 2023     150,000       -   Robles note Payable, 10% interest, due November 2023     100,000       -   Redwood Trust note payable, 12% interest, due February 2023     1,787,000       1,787,000   Total Notes Payable   $ 2,294,762     $ 1,889,762   Less discounts     -       (4,146 )                   Total Promissory notes, net of discount     2,294,762       1,885,616                     Less current portion     (2,294,762 )     (1,885,616 )                   Total Promissory notes, net of discount - long term   $ -     $ -

v3.23.3

CONVERTIBLE NOTES (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
SCHEDULE OF CONVERTIBLE NOTES	Convertible notes consisted of the following at September 30, 2023 and December 31, 2022:  SCHEDULE OF CONVERTIBLE NOTES     September 30, 2023     December 31, 2022                 1800 Diagonal convertible note #1, 9% interest, due July 2023     -       85,000   1800 Diagonal convertible note#2, 9% interest, due September 2023     -       64,250   1800 Diagonal convertible note #3, 10% interest, due October 2023     -       122,488   1800 Diagonal convertible note #4, 9% interest, due March 2024     -       -   1800 Diagonal convertible note #5, 9% interest, due June 2024     55,000       -   1800 Diagonal convertible note #6, 10% interest, due September 2024     92,000       -   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   $ 9,547,000     $ 771,738   Less discounts     (21,790 )     (213,081 )                   Total convertible notes, net of discount     9,525,210       558,657                     Less current portion     (9,525,210 )     (558,657 )                   Total convertible notes, net of discount - long term   $ -     $ -

v3.23.3

PROMISSORY NOTES – RELATED PARTY (Tables)	9 Months Ended
	Sep. 30, 2023
Promissory Notes Related Party
SCHEDULE OF RELATED PARTY PROMISSORY NOTES	Related party promissory notes consisted of the following at September 30, 2023, and December 31, 2022: SCHEDULE OF RELATED PARTY PROMISSORY NOTES      September 30, 2023     December 31, 2022   RAS Real Estate LLC   $ -     $ 249,589   Six-Twenty Management LLC – On demand     1,414,338       960,746   Frank Ingrande     10,394       -   Lisa Landau – On demand     66,294       76,360   Total On demand notes, net of discount   $ 1,491,026     $ 1,286,695

v3.23.3

BUSINESS ACQUISITION IN STAGES (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED	The acquisition-date fair value of the consideration transferred is as follows: SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED      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 a provisional purchase price allocation as of the January 3, 2023, acquisition date: SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION      January 3, 2023   Cash   $ 321,916   Accounts receivable     1,900,388   Other current assets     342,574   Fixed Assets     1,977,182   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   $ (11,980,000 ) Goodwill     25,354,972   Total consideration   $ 13,374,972
SCHEDULE OF PRO FORMA FINANCIAL INFORMATION	The following unaudited pro forma consolidated results of operations for the nine months ended September 30, 2023 and 2022 assume the acquisition was completed on January 1, 2022:   SCHEDULE OF PRO FORMA FINANCIAL INFORMATION     2023     2022     2023     2022       Three Months Ended September 30,     Nine Months Ended September 30,       2023     2022     2023     2022   Pro forma net revenues     360,102       828,804       1,090,617       1,516,622   Pro forma net loss     (370,007 )     (194,372 )     (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: SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS      For the Nine Months Ending September 30,       2023     2022                 Expected term     5 years       -   Exercise price   $ 0.10       -   Expected volatility     145 %     -   Risk-free interest rate     3.94 %     -   Forfeitures     None       -

v3.23.3

STOCKHOLDERS’ DEFICIT (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
SCHEDULE OF WARRANTS ACTIVITY	A summary of the Company’s warrant activity during the nine months ended September 30, 2023, is presented below: SCHEDULE OF WARRANTS ACTIVITY        Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Year)   Outstanding at December 31, 2022     3,867,500     $ 0.71       4.11   Granted     34,240,000       0.10       4.75   Exercised     -       -       -   Forfeited-Canceled     -       -       -   Outstanding at September 30, 2023     38,107,500     $ 0.16       4.17                             Exercisable at September 30, 2023     38,107,500
SCHEDULE OF OPTION ACTIVITY	A summary of the Company’s option activity during the nine months ended September 30, 2023, is presented below: SCHEDULE OF OPTION ACTIVITY            Weighted     Weighted Average Remaining Contract       Number of Options     Average Exercise Price     Term (Year)   Outstanding at December 31, 2022     6,000,000     $ 0.34       3.88   Granted     -       -       -   Exercised     -       -       -   Forfeited-Canceled     -       -       -   Outstanding at September 30, 2023     6,000,000     $ 0.34       3.14                             Exercisable at September 30, 2023     5,731,251

v3.23.3

NATURE OF OPERATIONS AND GOING CONCERN (Details Narrative)		3 Months Ended						9 Months Ended
	Jan. 03, 2023 USD ($)	Sep. 30, 2023 USD ($) a	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	May 31, 2021 a
Restructuring Cost and Reserve [Line Items]
Land in acres | a		20						20
Working capital		$ 32,400,000						$ 32,400,000
Net loss		6,340,368	$ 378,660	$ 1,908,561	$ 978,052	$ 1,860,507	$ 1,492,722	8,627,589	$ 4,331,281
Accumulated deficit		$ 33,749,046						$ 33,749,046		$ 25,121,457
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

v3.23.3

SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY (Details) - Equity Investees Interest [Member]	9 Months Ended
	Sep. 30, 2023
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%
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%

v3.23.3

SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Derivative liability	$ 696,460	$ 626,792	$ 922,693	$ 531,527
Total liabilities	696,460
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	696,460
Total liabilities	$ 696,460

v3.23.3

SCHEDULE OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Accounting Policies [Abstract]
Balance of derivative liabilities	$ 626,792	$ 922,693	$ 531,527
New derivative from convertible notes			208,464
Settlement by debt extinguishment	(221,080)		(297,566)
Change in fair value of derivative liability	290,748	(295,901)	480,268
Balance of derivative liabilities	$ 696,460	$ 626,792	$ 922,693

v3.23.3

SCHEDULE OF DERIVATIVE LIABILITY (Details)	1 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023 $ / shares
Measurement Input, Expected Term [Member]
Property, Plant and Equipment [Line Items]
Expected term
Measurement Input, Expected Term [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Expected term		1 month
Measurement Input, Expected Term [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Expected term		1 year
Measurement Input, Exercise Price [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input
Measurement Input, Exercise Price [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		0.03
Measurement Input, Exercise Price [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		0.13
Measurement Input, Price Volatility [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input
Measurement Input, Price Volatility [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		176
Measurement Input, Price Volatility [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		232
Measurement Input, Expected Dividend Rate [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input	(0)	0
Measurement Input, Risk Free Interest Rate [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		5.03
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		5.55
Measurement Input Forfeitures [Member]
Property, Plant and Equipment [Line Items]
Derivative liability measurement input		0

v3.23.3

SCHEDULE OF DEPRECIATION ESTIMATED USEFUL LIVES (Details)	Sep. 30, 2023
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

v3.23.3

SCHEDULE OF POTENTIALLY DILUTIVE SHARES (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	44,107,500	7,717,500
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	6,000,000	3,850,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	38,107,500	3,867,500

v3.23.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 03, 2023	Jan. 01, 2023	May 31, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 01, 2022	Aug. 26, 2020	Feb. 11, 2019
Property, Plant and Equipment [Line Items]
Revenue				$ 358,129	$ 16,973	$ 1,084,641	$ 50,919
Advertising costs				$ 12,000	$ 100,600	$ 300,259	$ 903,283
Option issued and outstanding				6,000,000		6,000,000		6,000,000
2019 Equity Incentive Plan [Member]
Property, Plant and Equipment [Line Items]
Common stock reserved for issuance											3,000,000
2019 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Property, Plant and Equipment [Line Items]
Option issued and outstanding				2,150,000		2,150,000
2020 Equity Incentive Plan [Member]
Property, Plant and Equipment [Line Items]
Common stock reserved for issuance										3,000,000
2020 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Property, Plant and Equipment [Line Items]
Option issued and outstanding				1,700,000		1,700,000
2022 Equity Incentive Plan [Member]
Property, Plant and Equipment [Line Items]
Common stock reserved for issuance									5,000,000
2022 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Property, Plant and Equipment [Line Items]
Option issued and outstanding				2,150,000		2,150,000
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life				20 years		20 years
Rancho Costa Verde Development, LLC [Member]
Property, Plant and Equipment [Line Items]
Consideration amount	$ 13,374,972	$ 13,500,000	$ 2,680,000

v3.23.3

ASSET PURCHASE AND TITLE TRANSFER (Details Narrative)			9 Months Ended		12 Months Ended
	Sep. 29, 2021 USD ($)	Jul. 30, 2018 USD ($) a	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)	Jun. 18, 2019 USD ($) a	Mar. 18, 2019 USD ($)
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Area of Land | a			20
Aggregate property principal amount			$ 1,815,040			$ 863,745
Total purchase price			205,096
Unpaid amount owed			$ 58,560			58,560
Baja Residents Club (BRC) [Member] | Robert Valdes [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
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]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
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]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Area of Land | a		80

v3.23.3

SCHEDULE OF LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (776,381)	$ (184,393)
Buildings, net	1,815,040	863,745
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	1,002,800
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	$ 5,473	1,877
Useful life of asset	5 years
Building - Emerald Grove & RCVD [Member]
Property, Plant and Equipment [Line Items]
Land and buildings, gross	$ 2,591,421	$ 1,048,138
Useful life of asset	20 years

v3.23.3

LAND, BUILDING, NET AND CONSTRUCTION IN PROCESS (Details Narrative)	1 Months Ended			3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2019 USD ($)	Nov. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) a shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Property, Plant and Equipment [Line Items]
Depreciation expenses				$ 29,747	$ 13,236	$ 89,241	$ 39,708
Area of land acquired | a				20		20
Payments for construction in process						$ 354,070	444,535
Number of common stock issued value				$ 50,000
Land and buildings, net				1,815,040		1,815,040		$ 863,745
Assets impairment loss						$ 245,674
Prepaid Expenses and Other Current Assets [Member]
Property, Plant and Equipment [Line Items]
Number of common stock issued | shares						250,000		250,000	250,000
Number of common stock issued value						$ 150,000		$ 150,000	$ 150,000
Roberto Valdes [Member]
Property, Plant and Equipment [Line Items]
Consideration amount			$ 1,000,000
Valdeland [Member] | Roberto Valdes [Member]
Property, Plant and Equipment [Line Items]
ownership percentage				100.00%		100.00%
Valle Divino [Member]
Property, Plant and Equipment [Line Items]
Area of land acquired | a				20		20
Construction in process, balance				$ 0		$ 0		0
Payments to acquire productive assets						$ 457,275		457,275
Plaza Bajamar [Member]
Property, Plant and Equipment [Line Items]
Area of land acquired | a				1,150		1,150
Payments for construction in process						$ 179,700
Land and buildings, net				$ 0		0		$ 0
Assets impairment loss						179,700
Proceeds from sale of construction						1,500,000
Funded amount				$ 500,000		$ 500,000
Rancho Costa Verde Development [Member]
Property, Plant and Equipment [Line Items]
Area of land acquired | a				1,000		1,000
Rancho Costa Verde Development [Member]
Property, Plant and Equipment [Line Items]
Fair value of assets acquired						$ 1,977,182
Two Model Villas [Member] | Roberto Valdes [Member]
Property, Plant and Equipment [Line Items]
Payments to acquire property, plant, and equipment	$ 250,000	$ 250,000
Payments for construction in process	150,000	150,000
Valdeland [Member] | Roberto Valdes [Member]
Property, Plant and Equipment [Line Items]
Down payment for purchase of land	$ 100,000	$ 100,000

v3.23.3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				3 Months Ended		9 Months Ended
	Mar. 03, 2023	Jan. 01, 2023	Dec. 01, 2022	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2023	Mar. 31, 2024	Dec. 31, 2022	May 31, 2021
Number of shares stock options
Convertible Promissory Note [Member] | R C V D [Member] | Forecast [Member]
Convertible note, percentage							5.00%
Convertible Promissory Note [Member] | Diagonal Note #4 [Member]
Gross proceeds	$ 104,250
Convertible note, percentage	9.00%	12.00%
Convertible Promissory Note [Member] | International Real Estate Development LLC [Member]
Gross proceeds		$ 8,900,000
Quarterly installment					$ 2,225,000
Two Thousand Twenty One Plan [Member] | Nonconsolidated Investees, Other [Member]
Remaining vesting percentage				33.00%		33.00%
Two Thousand Twenty One Plan [Member] | Nonconsolidated Investees, Other [Member] | I R E D [Member]
Remaining vesting percentage				33.00%		33.00%
Two Thousand Twenty One Plan [Member] | Nonconsolidated Investees, Other [Member] | R C V D [Member]
Remaining vesting percentage				25.00%		25.00%
Chief Executive Officer [Member]
Construction on residential fund						$ 251,000
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		$ 33,038
Chief Financial Officer [Member] | Related Party [Member]
Balance owed to related party				66,846		66,846		33,038
President [Member] | Related Party [Member]
Balance owed to related party				$ 66,846		$ 66,846		$ 33,038
Employment Agreement [Member] | Frank Ingrande [Member]
Remaining Interest percentage				75.00%		75.00%
Employment Agreement [Member] | Frank Ingrande [Member]
Remaining vesting percentage									33.00%
Employment Agreement [Member] | Chief Executive Officer [Member]
Accrued compensation cost				$ 33,808		$ 33,808
Employment Agreement [Member] | Chief Executive Officer [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
Employment Agreement [Member] | Chief Executive Officer [Member] | 2022 Plan [Member] | Equity Option [Member]
Share-based payment arrangement, expense				16,900		50,700
Employment Agreement [Member] | Chief Financial Officer [Member]
Accrued compensation cost				33,808		33,808
Employment Agreement [Member] | Chief Financial Officer [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
Employment Agreement [Member] | Chief Financial Officer [Member] | 2022 Plan [Member] | Equity Option [Member]
Share-based payment arrangement, expense				16,900		50,700
Employment Agreement [Member] | President [Member]
Accrued compensation cost				33,808		33,808
Employment Agreement [Member] | President [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
Employment Agreement [Member] | President [Member] | 2022 Plan [Member] | Equity Option [Member]
Share-based payment arrangement, expense				$ 16,900		$ 50,700
International Real Estate Development LLC [Member] | Frank Ingrande [Member]
Remaining Interest percentage				75.00%		75.00%

v3.23.3

SCHEDULE OF PROMISSORY NOTES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	$ 2,294,762	$ 1,889,762
Less discounts		(4,146)
Total Promissory notes, net of discount	2,294,762	1,885,616
Less current portion	(2,294,762)	(1,885,616)
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	155,000
George Banker [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	150,000
George Robles [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	100,000
Redwood Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Notes Payable	$ 1,787,000	$ 1,787,000

v3.23.3

SCHEDULE OF PROMISSORY NOTES (Details) (Parenthetical)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	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	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	March 2020
Debt instrument, interest rate	18.00%	18.00%
Christopher Elder Member Note Two [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	March 2021	March 2021
Debt instrument, interest rate	18.00%	18.00%
Bobbie Allen Griffith [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	November 2023	November 2023
Debt instrument, interest rate	15.00%	15.00%	15.00%
George Banker [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	October 2023	October 2023
Debt instrument, interest rate	15.00%	15.00%		15.00%
George Robles [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	November 2023	November 2023
Debt instrument, interest rate	10.00%	10.00%
Redwood Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, maturity date	February 2023	February 2023
Debt instrument, interest rate	12.00%	12.00%			12.00%

v3.23.3

PROMISSORY NOTES (Details Narrative)					3 Months Ended		9 Months Ended
	Jun. 27, 2023	Aug. 02, 2022 USD ($)	Jan. 21, 2021 USD ($) a	Mar. 19, 2018 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Sep. 05, 2023 USD ($)	Sep. 01, 2023 USD ($)	Aug. 11, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 15, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Interest Expense, Other					$ 0	$ 0	$ 4,146	$ 0
Area of Land | a					20		20
Debt discount and stock payable					$ 21,790		$ 21,790					$ 213,081
Principal balance outstanding					$ 2,294,762		$ 2,294,762					$ 1,889,762
Redwood Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Area of Land | a			80
Debt instrument face amount			$ 1,787,000
Debt instrument, interest rate			12.00%		12.00%		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							$ 190,986
Interest paid							263,377
Accrued interest					$ 649		649					$ 73,040
Principal balance outstanding					1,787,000		1,787,000					1,787,000
Cash Call, Inc [Member]
Defined Benefit Plan Disclosure [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					24,785
Christopher Elder [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument face amount													$ 126,477
Debt instrument, interest rate													18.00%
Interest expense debt							8,604	$ 8,658
Accrued interest					32,103		32,103					23,500
Principal balance outstanding					$ 76,477		$ 76,477					$ 76,477
Bobbie Allen Griffith [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument face amount									$ 215,000
Debt instrument, interest rate					15.00%		15.00%		15.00%			15.00%
Debt instrument, periodic payment					$ 60,000		$ 60,000
Interest expense debt					11,625		11,625
Accrued interest					11,625		11,625
Debt discount and stock payable					20,777		20,777
Principal balance outstanding					155,000		155,000
Principal balance outstanding					155,000		155,000
Amortization expense					$ 20,777		$ 20,777
George Banker [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument face amount											$ 150,000
Debt instrument, interest rate					15.00%		15.00%				15.00%	15.00%
Interest expense debt					$ 22,500		$ 22,500
Accrued interest					22,500		22,500
Debt discount and stock payable					5,769		5,769
Principal balance outstanding					150,000		150,000
Amortization expense					$ 4,808		$ 4,808
George Robles [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument face amount										$ 100,000
Debt instrument, interest rate					10.00%		10.00%					10.00%
Interest expense debt					$ 5,000		$ 5,000
Accrued interest					5,000		5,000
Debt discount and stock payable					5,393		5,393
Principal balance outstanding					100,000		100,000
Amortization expense					$ 2,606		$ 2,606
George Robles [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, interest rate										5.00%
George Robles [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt instrument, interest rate										10.00%

v3.23.3

SCHEDULE OF CONVERTIBLE NOTES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Total convertible notes	$ 9,547,000	$ 771,738
Less discounts	(21,790)	(213,081)
Total convertible notes, net of discount	9,525,210	558,657
Less current portion	(9,525,210)	(558,657)
Total convertible notes, net of discount - long term
1800 Diagonal Convertible Note #1 [Member]
Short-Term Debt [Line Items]
Total convertible notes		85,000
1800 Diagonal Convertible Note #2 [Member]
Short-Term Debt [Line Items]
Total convertible notes		64,250
1800 Diagonal Convertible Note #3 [Member]
Short-Term Debt [Line Items]
Total convertible notes		122,488
1800 Diagonal Convertible Note #4 [Member]
Short-Term Debt [Line Items]
Total convertible notes
1800 Diagonal Convertible Note #5 [Member]
Short-Term Debt [Line Items]
Total convertible notes	55,000
1800 Diagonal Convertible Note #6 [Member]
Short-Term Debt [Line Items]
Total convertible notes	92,000
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

v3.23.3

SCHEDULE OF CONVERTIBLE NOTES (Details) (Parenthetical)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
1800 Diagonal Convertible Note #1 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	9.00%	9.00%
Debt instrument, maturity date, description	July 2023	July 2023
1800 Diagonal Convertible Note #2 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	9.00%	9.00%
Debt instrument, maturity date, description	September 2023	September 2023
1800 Diagonal Convertible Note #3 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	10.00%	10.00%
Debt instrument, maturity date, description	October 2023	October 2023
1800 Diagonal Convertible Note #4 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	9.00%	9.00%
Debt instrument, maturity date, description	March 2024	March 2024
1800 Diagonal Convertible Note #5 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	9.00%	9.00%
Debt instrument, maturity date, description	June 2024	June 2024
1800 Diagonal Convertible Note #6 [Member]
Short-Term Debt [Line Items]
Debt, interest rate	10.00%	10.00%
Debt instrument, maturity date, description	September 2024	September 2024
Mast Hill Convertible Note [Member]
Short-Term Debt [Line Items]
Debt, interest rate	16.00%	16.00%
Debt instrument, maturity date, description	March 2023	March 2023
Blue Lake Convertible Note [Member]
Short-Term Debt [Line Items]
Debt, interest rate	16.00%	16.00%
Debt instrument, maturity date, description	March 2023	March 2023
International Real Estate Development [Member]
Short-Term Debt [Line Items]
Debt, interest rate	5.00%	5.00%
Debt instrument, maturity date, description	March 2024	March 2024

v3.23.3

CONVERTIBLE NOTES (Details Narrative) - USD ($)										3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 13, 2023	Sep. 06, 2023	Mar. 03, 2023	Jan. 01, 2023	Oct. 17, 2022	Sep. 02, 2022	Jul. 28, 2022	Mar. 28, 2022	Mar. 23, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Nov. 30, 2022
Short-Term Debt [Line Items]
Net proceeds												$ 225,000	$ 663,250
Number of shares issued for common stock, value										$ 50,000
Debt instrument converted amount												156,310
Interest expense										708,356	$ 631,308	1,723,273	960,496
Unamortized debt discount										21,790		21,790		$ 213,081
Amortization of debt discount												357,376	291,374
Repayments of related party												318,359	$ 262,596
Notes payable										2,294,762		2,294,762		1,885,616
Rancho Costa Verde Development, LLC [Member] | International Real Estate Development LLC [Member]
Short-Term Debt [Line Items]
Interest expense												333,750
Accured interest										333,750		333,750
Debt instrument, interest rate, stated				12.00%
Debt instrument maturity date				Mar. 31, 2024
Convertible notes payable										8,900,000		8,900,000
Debt instrument, interest rate				5.00%
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.
Principal amount				$ 8,900,000
Debt instrument, periodic payment				$ 2,225,000
Convertible Promissory Note [Member] | Diagonal Note #1 [Member]
Short-Term Debt [Line Items]
Gross proceeds							$ 85,000
Net proceeds							80,750
Debt issuance costs							$ 4,250
Convertible note, percentage							9.00%
Debt instrument converted amount												$ 15,000
Debt instrument converted amount, shares												242,404
Interest expense												$ 37,900
Accured interest										0		0		3,700
Unamortized debt discount							$ 4,250			0		0		2,479
Amortization of debt discount												2,479
Debt instrument, convertible, description							At any time after issuance, the note is convertible into shares of our common stock at the greater of a fixed rate or discount to the market price. The note includes a prepayment feature at a premium of 25% from the issuance date and up to 180 days
Unpaid principal and interest, rate							50.00%
Repayments of related party												111,594
Notes payable										0		0		85,000
Convertible Promissory Note [Member] | Diagonal Note #2 [Member]
Short-Term Debt [Line Items]
Gross proceeds						$ 64,250
Net proceeds						60,000
Debt issuance costs						$ 4,250
Convertible note, percentage						9.00%
Interest expense												16,620
Accured interest										0		0		1,900
Unamortized debt discount										0		0		42,876
Amortization of debt discount												42,876
Debt instrument, convertible, description						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 25% from the issuance date and up to 180 days
Unpaid principal and interest, rate						50.00%
Repayments of related party						$ 71,000
Notes payable										0		0		64,250
Repayments of debt						$ 11,798
Convertible Promissory Note [Member] | Diagonal Note #3 [Member]
Short-Term Debt [Line Items]
Gross proceeds					$ 142,276
Net proceeds					122,782
Debt issuance costs					$ 19,494
Convertible note, percentage					10.00%
Interest expense												12,804		14,227
Accured interest														12,804
Unamortized debt discount					$ 19,494					0		0		15,433
Amortization of debt discount												15,433
Repayments of debt												122,488
Debt instrument, guaranteed					guaranteed twelve-month coupon or $14,227
Debt instrument maturity date					Oct. 17, 2023
Installment payments															$ 15,650
Interest paid														1,423
Convertible notes payable										0		0		122,488
Convertible Promissory Note [Member] | Diagonal Note #4 [Member]
Short-Term Debt [Line Items]
Gross proceeds			$ 104,250
Net proceeds			100,000
Debt issuance costs			$ 4,250
Convertible note, percentage			9.00%	12.00%
Unamortized debt discount			$ 4,250							0		0
Amortization of debt discount												4,250
Repayments of debt												104,250
Debt instrument maturity date			Mar. 03, 2024
Convertible notes payable										0		0
Debt instrument, interest rate			22.00%
Debt instrument, description			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
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												413
Accured interest										413		413
Unamortized debt discount	$ 5,000									4,583		4,583
Amortization of debt discount												417
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%
Debt instrument, guaranteed	default coupon of 22%
Debt instrument maturity date	Jun. 15, 2024
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%
Interest expense												9,200
Accured interest										9,200		9,200
Unamortized debt discount		$ 17,000								15,583		15,583
Amortization of debt discount												1,417
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%
Debt instrument, guaranteed		default coupon of 22
Debt instrument maturity date		Sep. 06, 2024
Convertible notes payable										92,000		92,000
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		250,000
Interest expense												27,663
Accured interest										$ 0		$ 0		23,703
Debt instrument, interest rate, stated										25.00%		25.00%
Default penalty										$ 0		$ 0		68,426
Default penalty										6,904		6,904
Debt instrument, debt default, amount												75,289
Unamortized debt discount									$ 219,832	0		0		50,742
Amortization of debt discount												50,742
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		250,000
Interest expense												13,400
Accured interest										$ 36,740		$ 36,740		23,400
Debt instrument, interest rate, stated										25.00%		25.00%
Default penalty										$ 85,091		$ 85,091		85,091
Unamortized debt discount								$ 219,607		$ 0		0		$ 53,097
Amortization of debt discount												$ 53,097

v3.23.3

SCHEDULE OF RELATED PARTY PROMISSORY NOTES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Total On demand notes, net of discount	$ 2,294,762	$ 1,885,616
Promissory Notes [Member]
Short-Term Debt [Line Items]
Total On demand notes, net of discount	1,491,026	1,286,695
Promissory Notes [Member] | RAS Real Estate LLC [Member]
Short-Term Debt [Line Items]
Total On demand notes, net of discount		249,589
Promissory Notes [Member] | Six Twenty Management LLC [Member]
Short-Term Debt [Line Items]
Total On demand notes, net of discount	1,414,338	960,746
Promissory Notes [Member] | Frank Ingrande [Member]
Short-Term Debt [Line Items]
Total On demand notes, net of discount	10,394
Promissory Notes [Member] | Lisa Landau [Member]
Short-Term Debt [Line Items]
Total On demand notes, net of discount	$ 66,294	$ 76,360

v3.23.3

PROMISSORY NOTES – RELATED PARTY (Details Narrative) - USD ($)			3 Months Ended		9 Months Ended
	Mar. 31, 2021	Oct. 25, 2019	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Proceed from related party					$ 560,840	$ 677,347
Repayment of related party					318,359	262,596
Debt principal balance			$ 2,294,762		2,294,762		$ 1,885,616
Interest expenses			708,356	$ 631,308	1,723,273	960,496
Debt converted into shares, value					156,310
Lisa Landau [Member]
Repayments of debt by related party					71,000
Debt principal balance			66,294		66,294		76,360
Advances from related party					71,000
Repayment of related parties debt					152,065
Non Convertible Promissory Note [Member] | Six Twenty Management LLC [Member]
Related party debt initial amount	$ 288,611
Convertible note, percentage	8.00%
Proceed from related party	$ 609,200				485,881
Repayment of related party					111,594
Repayments of debt by related party					143,883
Debt principal balance			1,414,338		1,414,338		960,746
Interest expenses					84,860	$ 43,446
Accrued interest			171,825		171,825		86,965
Promissory Note [Member] | RAS, LLC [Member]
Related party debt initial amount		$ 440,803
Convertible note, percentage		10.00%
Repayments of debt by related party					12,300
Debt principal balance			0		0		249,589
Interest expenses					102,858
Accrued interest			$ 0		$ 0		$ 45,876
Default coupon rate		18.00%	18.00%		18.00%
Secured of common shares		2,500,000
Debt converted into shares					7,021,171
Debt converted					$ 386,023
Debt converted into shares, value					1,167,588
Loss on conversion					$ 781,565
Six Twenty Management LLC [Member]
Attributable Interest			100.00%		100.00%

v3.23.3

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

v3.23.3

SCHEDULE OF PROVISIONAL PURCHASE PRICE ALLOCATION (Details) - USD ($)	Sep. 30, 2023	Jan. 03, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 22,359,972
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		1,977,182
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		(11,980,000)
Goodwill		25,354,972
Total consideration		$ 13,374,972

v3.23.3

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Pro forma net revenues	$ 360,102	$ 828,804	$ 1,090,617	$ 1,516,622
Pro forma net loss	$ (370,007)	$ (194,372)	$ (1,110,022)	$ (926,798)

v3.23.3

SCHEDULE OF FAIR VALUE OF COMMON STOCK WARRANTS (Details)	Sep. 30, 2023	Sep. 30, 2022
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, term	5 years	0 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

v3.23.3

BUSINESS ACQUISITION IN STAGES (Details Narrative)			1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 03, 2023 USD ($) a shares	Jan. 01, 2023 USD ($)	May 31, 2021 USD ($) a shares	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Investment principal amount	$ 2,680,000							$ 0
Interest Expense				$ 708,356	$ 631,308	$ 1,723,273	$ 960,496
Land in acres | a				20		20
Real Estate Owned, Amount of Loss at Acquisition				$ 2,995,000		$ 2,995,000
Goodwill				$ 22,359,972		22,359,972
Goodwill, Acquired During Period						22,359,972
R C V D [Member]
Business Acquisition [Line Items]
Acquire percentage	25.00%
I R E D [Member]
Business Acquisition [Line Items]
Acquire percentage	75.00%
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
[custom:BusinessCombinationConsiderationTransferredCommonStockWarrantsIssuedAndIssuable]	2,674,972
Land in acres | a			1,100
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss						2,995,000
Real Estate Owned, Amount of Loss at Acquisition	2,995,000
Goodwill	$ 25,354,972
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						333,750
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
[custom:BusinessCombinationConsiderationTransferredCommonStockWarrantsIssuedAndIssuable]	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						$ 333,750
Land in acres | a	1,100
Securities Purchase Agreement [Member] | Rancho Costa Verde Development, LLC [Member] | R C V D [Member]
Business Acquisition [Line Items]
Acquire percentage	25.00%

v3.23.3

EQUITY METHOD INVESTMENT (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 03, 2023	Jan. 01, 2023	May 31, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Loss of acquisition				$ 2,995,000		$ 2,995,000
Rancho Costa Verde Development, LLC [Member]
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
Loss of acquisition	$ 2,995,000
Rancho Costa Verde Development, LLC [Member] | 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

v3.23.3

COMMITMENTS AND CONTINGENCIES (Details Narrative)		3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 25, 2019 USD ($)	Sep. 30, 2023 USD ($) a	Sep. 30, 2023 USD ($) a	Dec. 31, 2022 USD ($)	Dec. 31, 2021	Sep. 30, 2019 USD ($) a
Area of land acquired | a		20	20
Common shares issued for cash		$ 50,000
Net budget		1,556,000	$ 1,556,000
Net budget inclusive of lots construction		995,747	995,747
Commitment amount		560,250	560,250
Common Stock [Member]
Common shares issued for cash		$ 500	50,000
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 shares issued for cash	600,000
Land Purchase Agreement [Member] | Common Stock [Member]
Common shares issued for cash	$ 250,000
Contract For Deed Agreement [Member] | IntegraGreen [Member]
Area of land acquired | a						20
Purchase price of land						$ 630,000
Balance of balloon payment						63,000
Debt instrument principal amount						$ 403,020
Oasis Park Resort Construction Budget [Member]
Total budget			512,000	$ 512,000
Payment for budget			118,600	118,600
Commitment paid			$ 393,400	393,400
Valle Divino [Member]
Area of land acquired | a		20	20
Payments to acquire productive assets			$ 457,275	$ 457,275
Valle Divino [Member] | Valdetierra S.A de C.V. [Member] | Roberto Valdes [Member]
Attributable Interest				100.00%	100.00%

v3.23.3

SCHEDULE OF WARRANTS ACTIVITY (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Equity [Abstract]
Number of Warrants, Outstanding Beginning	3,867,500
Weighted Average Exercise Price Outstanding Beginning	$ 0.71
Weighted Average Remaining Contract Term (Year), Warrants Outstanding	4 years 2 months 1 day	4 years 1 month 9 days
Number of Warrants, Granted	34,240,000
Weighted Average Exercise Price Warrants Granted	$ 0.10
Weighted Average Remaining Contract Term (Year), Warrants granted	4 years 9 months
Number of Warrants, Exercised
Weighted Average Exercise Price Warrants Exercised
Number of Warrants, Forfeited-Canceled
Weighted Average Exercise Price Forfeited-Canceled
Number of Warrants, Outstanding Ending	38,107,500	3,867,500
Weighted Average Exercise Price Outstanding Ending	$ 0.16	$ 0.71
Number of Warrants, Exercisable Ending	38,107,500

v3.23.3

SCHEDULE OF OPTION ACTIVITY (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
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	3 years 1 month 20 days	3 years 10 months 17 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	5,731,251

v3.23.3

STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)				3 Months Ended						9 Months Ended		12 Months Ended
	Jun. 02, 2023	Jul. 26, 2021	Nov. 06, 2019	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	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		150,000,000
Preferred stock, shares authorized				2,010,000						2,010,000
Common stock, par value				$ 0.001						$ 0.001		$ 0.001
Common stock, shares issued				75,395,165						75,395,165		43,499,423
Common stock, shares outstanding				72,395,165						72,395,165		43,499,423
Number of options granted
Option issued and outstanding				6,000,000						6,000,000		6,000,000
Number of shares issued for common stock				$ 137,000		$ 15,000	$ 133,334	$ 729,885	$ 447,278
Number of shares issued for acquisitions, value						$ 1,800,000
Common shares issued for cash				50,000
Number of option exercised shares
Number of option exercised value								$ 700	$ 600
Temporary equity value				603,500						$ 603,500		$ 293,500		$ 293,500
Number of warrants issued										34,240,000
Aggregate intrinsic value				$ 210,485						$ 210,485		0
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]
Number of shares issued for common stock				2,100,000		100,000	333,336	1,635,000	814,714
Number of shares issued for common stock				$ 2,100		$ 100	$ 333	$ 1,635	$ 815
Number of shares issued for acquisitions						20,000,000
Number of shares issued for acquisitions, value						$ 20,000
Stock Issued During Period, Shares, Conversion of Convertible Securities				7,851,268		1,077,164				8,928,435
Common stock issued for warrant exercise, shares					267,310					267,310
Number of common stock issued				500,000						500,000
Common shares issued for cash				$ 500						$ 50,000
Number of option exercised shares								700,000	600,000
Number of option exercised value								$ 700	$ 600
Common Stock [Member] | Rancho Costa Verde Development, LLC [Member]
Class of Stock [Line Items]
Number of warrants issued										33,000,000
Warrant [Member]
Class of Stock [Line Items]
Aggregate intrinsic value				$ 7,155,146						$ 7,155,146		$ 0
Warrant [Member] | Bigger Capital Fund LP [Member]
Class of Stock [Line Items]
Exercise price of warrants		$ 0.68		$ 0.07						$ 0.07
Number of shares issued		1,240,000
Reduction of exercise price of warrants		$ 0.07
Number of warrants shares				2,740,000						2,740,000
Share-based compensation expenses										$ 123,896
Consulting Agreement [Member]
Class of Stock [Line Items]
Number of shares issued for common stock										2,200,000	2,783,050
Number of shares issued for common stock										$ 152,000	$ 1,310,497
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.
Securities Purchase Agreement [Member] | Two Accredited Investors [Member]
Class of Stock [Line Items]
Common shares issued from promissory notes, shares											450,000
Common shares issued from promissory notes											$ 202,000
Consulting Advisory and Finders Agreement [Member]
Class of Stock [Line Items]
Number of shares issued for common stock											88,988
Number of shares issued for common stock											$ 40,490
Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Number of option exercised shares											1,300,000
Number of option exercised value											$ 1,300
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
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
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
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				2,010,000						2,010,000		2,010,000
Preferred stock, shares issued				28,000						28,000		28,000
Preferred stock, shares outstanding				28,000						28,000		28,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued				1,000						1,000		1,000
Preferred stock, shares outstanding				1,000						1,000		1,000
Temporary equity value				$ 293,500						$ 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				1,022,822			45,000			$ 1,022,822	45,000
Stock issued during period value new issues				$ 1,212,822						$ 1,212,822		$ 190,000
Series B Preferred Stock [Member] | Cleanspark Inc [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			1,000
Preferred stock, shares issued			1,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued				3,100						3,100		0
Preferred stock, shares outstanding				3,100						3,100		0
Temporary equity value				$ 310,000						$ 310,000
Cumulative accrual percentage										12.00%
Recognized dividend							$ 60,003				$ 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] | Warrant [Member]
Class of Stock [Line Items]
Number of warrants issued										1,240,000
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

v3.23.3

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended
	Oct. 31, 2023	Sep. 30, 2023
Subsequent Event [Line Items]
Preferred stock, shares authorized		2,010,000
Series C Preferred Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of common stock issued	27,405
Series D Preferred Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Preferred stock, shares authorized	20,000
Preferred stock, par value	$ 0.001
Preferred stock, stated value	$ 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.

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