2022 Q3 Form 10-Q Financial Statement

#000149315222023366 Filed on August 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $16.97K $16.97K
YoY Change 103.51% 103.51%
Cost Of Revenue
YoY Change
Gross Profit $16.97K $16.97K
YoY Change 103.51% 103.51%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $533.0K $1.512M $1.364M
YoY Change -4.44% -18.16% 73.18%
% of Gross Profit 3140.48% 8909.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.24K $13.37K $13.10K
YoY Change 11.07% 13.4% 12.93%
% of Gross Profit 78.01% 78.77%
Operating Expenses $533.0K $1.512M $1.364M
YoY Change -4.44% -18.16% 73.18%
Operating Profit -$516.1K -$1.495M -$1.364M
YoY Change -6.08% -18.71% 73.18%
Interest Expense $631.3K $224.8K -$145.5K
YoY Change -427.82% 55.14% -24.18%
% of Operating Profit
Other Income/Expense, Net -$462.0K -$365.3K
YoY Change -561.99% 169.63%
Pretax Income -$978.1K -$1.861M -$1.493M
YoY Change 52.33% -5.79% 50.71%
Income Tax
% Of Pretax Income
Net Earnings -$978.1K -$1.861M -$1.493M
YoY Change 52.33% -5.79% 50.71%
Net Earnings / Revenue -5762.4% -10961.57%
Basic Earnings Per Share -$0.03 -$0.05
Diluted Earnings Per Share -$26.87K -$52.48K -$42.88K
COMMON SHARES
Basic Shares Outstanding 36.14M shares 35.45M shares
Diluted Shares Outstanding 36.39M shares 35.45M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.84K $5.530K $193.3K
YoY Change -86.35% -67.16% 60.31%
Cash & Equivalents $95.84K $5.534K
Short-Term Investments
Other Short-Term Assets $206.1K $202.7K $223.9K
YoY Change 17.64% -2.49% -7.17%
Inventory
Prepaid Expenses
Receivables $55.47K $327.3K $315.7K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $357.4K $535.5K $732.8K
YoY Change -63.48% 138.34% 102.58%
LONG-TERM ASSETS
Property, Plant & Equipment $2.379M $2.264M $2.070M
YoY Change 33.99% 31.83% 28.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.280M $2.330M $2.471M
YoY Change -16.15% -13.29%
Other Assets $647.4K $647.4K $647.4K
YoY Change -6.24% -5.09% -3.92%
Total Long-Term Assets $5.699M $5.348M $5.293M
YoY Change 9.92% 5.15% 131.89%
TOTAL ASSETS
Total Short-Term Assets $357.4K $535.5K $732.8K
Total Long-Term Assets $5.699M $5.348M $5.293M
Total Assets $6.057M $5.884M $6.026M
YoY Change -1.74% 10.78% 127.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.780M $1.588M $1.395M
YoY Change 72.02% 62.28% 61.53%
Accrued Expenses
YoY Change
Deferred Revenue $487.5K $330.4K
YoY Change
Short-Term Debt $1.299M $986.5K $914.1K
YoY Change 52.08% 3.92% 40.51%
Long-Term Debt Due $2.209M $2.097M $2.006M
YoY Change 2049.57% 409.69% 373.82%
Total Short-Term Liabilities $6.054M $5.022M $4.470M
YoY Change 158.32% 88.49% 93.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.054M $5.022M $4.470M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.054M $5.022M $4.470M
YoY Change 48.85% 14.76% 11.33%
SHAREHOLDERS EQUITY
Retained Earnings -$19.00M -$18.10M
YoY Change
Common Stock $36.47K $36.14K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$291.2K $568.5K $1.263M
YoY Change
Total Liabilities & Shareholders Equity $6.057M $5.884M $6.026M
YoY Change -1.74% 10.78% 127.88%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$978.1K -$1.861M -$1.493M
YoY Change 52.33% -5.79% 50.71%
Depreciation, Depletion And Amortization $13.24K $13.37K $13.10K
YoY Change 11.07% 13.4% 12.93%
Cash From Operating Activities -$175.9K $14.75K -$344.9K
YoY Change -48.02% -107.3% 111.8%
INVESTING ACTIVITIES
Capital Expenditures -$128.2K -$207.3K -$109.0K
YoY Change 83.14% 482.25% -19.65%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$128.2K -$207.3K -$109.0K
YoY Change -24.59% 52.89% -19.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 394.4K 4.840K 590.6K
YoY Change -66.96% -97.93% 45.51%
NET CHANGE
Cash From Operating Activities -175.9K 14.75K -344.9K
Cash From Investing Activities -128.2K -207.3K -109.0K
Cash From Financing Activities 394.4K 4.840K 590.6K
Net Change In Cash 90.31K -187.7K 136.7K
YoY Change -86.82% 81.0% 27.27%
FREE CASH FLOW
Cash From Operating Activities -$175.9K $14.75K -$344.9K
Capital Expenditures -$128.2K -$207.3K -$109.0K
Free Cash Flow -$47.65K $222.1K -$235.9K
YoY Change -82.24% -233.32% 767.11%

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StockIssuedDuringPeriodWithWarrantIssuedInConnectionWithDebtFinancing
159664 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-15000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1492722 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1262616 usd
CY2022Q2 ILAL Stock Issued During Period Value Stock Issued With Finders Fee Agreement
StockIssuedDuringPeriodValueStockIssuedWithFindersFeeAgreement
40490 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
700 usd
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
729885 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-15000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
410288 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1860507 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
568472 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1201920 usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
8970 usd
CY2021Q1 ILAL Stock Issued During Period Value Commitment Shares Issued
StockIssuedDuringPeriodValueCommitmentSharesIssued
130900 usd
CY2021Q1 ILAL Stock Issued During Period Value Against Accrued Interest Due To Related Party
StockIssuedDuringPeriodValueAgainstAccruedInterestDueToRelatedParty
10999 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
45000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
347380 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-15000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-990483 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-1664154 usd
CY2021Q2 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
29521 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000 usd
CY2021Q2 ILAL Stock Issued During Period Value Equity Method Investments
StockIssuedDuringPeriodValueEquityMethodInvestments
2580000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20000 usd
CY2021Q2 ILAL Stock Issued During Period Value Pursuant To Consulting Agreements
StockIssuedDuringPeriodValuePursuantToConsultingAgreements
259108 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
-15000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1307078 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1974830 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
641723 usd
us-gaap Net Income Loss
NetIncomeLoss
-3353229 usd
us-gaap Net Income Loss
NetIncomeLoss
-2965313 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1281976 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1922536 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1177163 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10876 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26472 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23387 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-182093 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6942 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
144935 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
136975 usd
ILAL Expenses Paid By Related Party
ExpensesPaidByRelatedParty
-25462 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13199 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-48993 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-124580 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-25219 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
215444 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
39 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3946 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
203770 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
30000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
117980 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-330191 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-365054 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
100000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
316335 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
171259 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316335 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271259 usd
ILAL Common Stock Warrants And Options Sold For Cash
CommonStockWarrantsAndOptionsSoldForCash
65000 usd
ILAL Common Stock Issued From Options Exercise
CommonStockIssuedFromOptionsExercise
1300 usd
ILAL Common Stock Warrants And Plots Promised For Cash Net
CommonStockWarrantsAndPlotsPromisedForCashNet
100000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
192244 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
152543 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
51128 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
593196 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
522500 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
288874 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
315042 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
563112 usd
ILAL Cash Proceeds From Refinancing Net
CashProceedsFromRefinancingNet
368736 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
595470 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
639983 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-51056 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3670 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56590 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13171 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5534 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16841 usd
us-gaap Interest Paid Net
InterestPaidNet
75858 usd
us-gaap Interest Paid Net
InterestPaidNet
75513 usd
ILAL Dividend On Series B
DividendOnSeriesB
30000 usd
ILAL Dividend On Series B
DividendOnSeriesB
30000 usd
ILAL Debt Discount From Issuance Of New Promissory Notes
DebtDiscountFromIssuanceOfNewPromissoryNotes
93700 usd
ILAL Common Stock Issued For Finders Fee Agreement
CommonStockIssuedForFindersFeeAgreement
40490 usd
ILAL Debt Discount Created From Warrants Embedded In Financing
DebtDiscountCreatedFromWarrantsEmbeddedInFinancing
159664 usd
ILAL Corporate Expenses Paid By Related Party Note
CorporateExpensesPaidByRelatedPartyNote
28665 usd
ILAL Shares Issued With Debt Modification
SharesIssuedWithDebtModification
8970 usd
ILAL Cancellation Of Previously Issued Common Stock
CancellationOfPreviouslyIssuedCommonStock
315288 usd
ILAL Interest On Notes Paid By Related Party
InterestOnNotesPaidByRelatedParty
11067 usd
ILAL Construction In Progress Paid By Related Party
ConstructionInProgressPaidByRelatedParty
84614 usd
ILAL Common Stock Issued As Consideration For Equitymethod Investee
CommonStockIssuedAsConsiderationForEquitymethodInvestee
2580000 usd
ILAL Commitment Shares Issued With Convertible Note
CommitmentSharesIssuedWithConvertibleNote
202275 usd
ILAL Commitment Shares Issued With Convertible Note
CommitmentSharesIssuedWithConvertibleNote
130900 usd
ILAL Common Stock Issued In Settlement Of Related Party Accrued Interest On Note
CommonStockIssuedInSettlementOfRelatedPartyAccruedInterestOnNote
10999 usd
CY2022Q2 ILAL Working Capital
WorkingCapital
4500000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3353229 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18100000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-330000 usd
us-gaap Depreciation
Depreciation
26472 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
2097316 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
1838300 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
2097316 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
102762 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_ztsM3ChbPLg3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zUeHnICThwYe">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liability for legal contingencies.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Useful life of buildings.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assumptions used in valuing equity instruments.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income taxes and related valuation allowances.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Going concern.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assessment of long-lived asset for impairment.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant influence or control over the Company’s investee.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue recognition</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Depreciation
Depreciation
23387 usd
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
1400000 usd
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
181300 usd
CY2022Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
15000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
30000 usd
us-gaap Advertising Expense
AdvertisingExpense
802683 usd
us-gaap Advertising Expense
AdvertisingExpense
39200 usd
CY2022Q2 ILAL Notes Payable Gross
NotesPayableGross
2459482 usd
CY2021Q4 ILAL Notes Payable Gross
NotesPayableGross
1889762 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
362166 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
51462 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1735538 usd
ILAL Aggregate Interest Amount
AggregateInterestAmount
71480 usd
CY2022Q2 ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
0.71
ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermEnding
P4Y7M9D
CY2022Q2 ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
3867500 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.80
CY2022Q2 ILAL Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 Offering Percentage
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1OfferingPercentage
1.25 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7717500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3100000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zhFVZl0UiZY1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_863_zVxT4Vhm77Q3">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 June 30, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zN5bn1I1At4j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_zYBjvDJF0dnj">Reclassification</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain reclassifications have been made to prior year’s data to confirm to the current year’s presentation. Such reclassifications had no impact on the Company’s financial condition, operating results, cash flows or stockholders’ deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2019Q1 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
1122050 usd
us-gaap Interest Expense Other
InterestExpenseOther
30000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
158190 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
132254 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
889948 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
915884 usd
ILAL Repayment Of Promissory From Related Parties
RepaymentOfPromissoryFromRelatedParties
28870 usd
ILAL Commitment To Purchase Of Land
CommitmentToPurchaseOfLand
The land project consisting
CY2022Q2 us-gaap Area Of Land
AreaOfLand
20
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36138029 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31849327 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
150000000 shares
ILAL Stock Issued During Period Shares Existing Finders Fee
StockIssuedDuringPeriodSharesExistingFindersFee
88988 shares
ILAL Stock Issued During Period Values Existing Finders Fee
StockIssuedDuringPeriodValuesExistingFindersFee
40490 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65000 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
140000 shares
CY2022Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
293500 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
293500 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3180000 shares
CY2021Q4 ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
0.69
ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermBeginning
P5Y29D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
687500 shares
ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice
0.80
ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermGranted
P4Y8M26D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3867500 shares
CY2022Q2 ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Options Equity Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsEquityVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2021Q4 ILAL Share Based Compensation Arrangement By Share Based Payment Award Non Options Equity Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsEquityVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3850000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.41
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1300000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.001
ILAL Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermGranted
P5Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1300000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.001
ILAL Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm1
P5Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3850000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.41
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M21D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3550000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
716000 usd

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0001493152-22-023366-index-headers.html Edgar Link pending
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0001493152-22-023366.txt Edgar Link pending
0001493152-22-023366-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
ilal-20220630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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ilal-20220630_lab.xml Edgar Link unprocessable
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ilal-20220630_def.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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ilal-20220630_cal.xml Edgar Link unprocessable