2024 Q3 Form 10-Q Financial Statement
#000149315224026653 Filed on July 09, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $1.303M | $5.089M | $240.9K |
YoY Change | 263.91% | 2012.18% | |
Cost Of Revenue | $390.8K | $183.6K | $3.000K |
YoY Change | 31.72% | 6019.6% | |
Gross Profit | $912.5K | $4.905M | $237.9K |
YoY Change | 1384.94% | 1961.65% | |
Gross Profit Margin | 70.01% | 96.39% | 98.75% |
Selling, General & Admin | $635.7K | $462.7K | $870.3K |
YoY Change | -37.62% | -46.83% | -36.21% |
% of Gross Profit | 69.67% | 9.43% | 365.76% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $51.53K | $29.75K | |
YoY Change | 73.21% | 127.1% | |
% of Gross Profit | 1.05% | 12.5% | |
Operating Expenses | $635.7K | $652.1K | $870.3K |
YoY Change | -37.62% | -25.07% | -36.21% |
Operating Profit | $276.8K | $4.253M | -$632.3K |
YoY Change | -128.9% | -772.62% | -53.65% |
Interest Expense | $580.3K | -$981.2K | |
YoY Change | -159.14% | 574.52% | |
% of Operating Profit | 13.64% | ||
Other Income/Expense, Net | -$528.4K | -$603.1K | $0.00 |
YoY Change | -90.18% | ||
Pretax Income | $3.650M | -$1.909M | |
YoY Change | -291.25% | 27.86% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$251.6K | $3.650M | -$27.26M |
YoY Change | -96.03% | -113.39% | 1726.43% |
Net Earnings / Revenue | -19.31% | 71.73% | -11315.96% |
Basic Earnings Per Share | -$0.01 | $0.05 | -$0.45 |
Diluted Earnings Per Share | -$0.01 | $0.05 | -$0.45 |
COMMON SHARES | |||
Basic Shares Outstanding | 86.76M shares | 79.31M shares | 60.16M shares |
Diluted Shares Outstanding | 90.34M shares | 79.31M shares | 60.16M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $136.9K | $199.4K | |
YoY Change | -31.36% | 3.16% | |
Cash & Equivalents | $3.339K | $136.9K | $199.4K |
Short-Term Investments | |||
Other Short-Term Assets | $16.82K | $8.840K | |
YoY Change | 90.27% | -96.05% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.297M | $1.506M | $1.673M |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $1.326M | $1.659M | $1.882M |
YoY Change | -26.0% | -11.81% | 156.75% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.830M | $1.802M | $3.232M |
YoY Change | 0.84% | -44.24% | 56.13% |
Goodwill | $11.12M | $11.12M | |
YoY Change | -50.28% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $440.0K | $55.77K | $47.64K |
YoY Change | 773.41% | 17.06% | -92.64% |
Total Long-Term Assets | $29.17M | $28.76M | $3.279M |
YoY Change | 14.66% | 776.85% | -38.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.326M | $1.659M | $1.882M |
Total Long-Term Assets | $29.17M | $28.76M | $3.279M |
Total Assets | $30.49M | $30.41M | $5.161M |
YoY Change | 11.98% | 489.33% | -14.36% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.293M | $1.687M | |
YoY Change | 35.93% | 20.9% | |
Accrued Expenses | $1.264M | $708.2K | |
YoY Change | 78.49% | ||
Deferred Revenue | $142.9K | $143.4K | |
YoY Change | 53.06% | ||
Short-Term Debt | $500.0K | $651.8K | $17.68M |
YoY Change | -94.76% | -96.31% | 1834.18% |
Long-Term Debt Due | $2.745M | $1.890M | |
YoY Change | 45.24% | -5.82% | |
Total Short-Term Liabilities | $15.14M | $15.38M | $32.57M |
YoY Change | -55.75% | -52.78% | 628.75% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $15.14M | $15.38M | $32.57M |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $15.14M | $15.38M | $32.57M |
YoY Change | -55.75% | -52.78% | 628.75% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$23.70M | -$23.50M | |
YoY Change | -29.67% | ||
Common Stock | $89.01K | $85.06K | |
YoY Change | 18.05% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $300.0K | $300.0K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | |||
Shareholders Equity | $14.75M | $14.43M | -$27.41M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $30.49M | $30.41M | $5.161M |
YoY Change | 11.98% | 489.33% | -14.36% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$251.6K | $3.650M | -$27.26M |
YoY Change | -96.03% | -113.39% | 1726.43% |
Depreciation, Depletion And Amortization | $51.53K | $29.75K | |
YoY Change | 73.21% | 127.1% | |
Cash From Operating Activities | $191.7K | $36.98K | |
YoY Change | 418.36% | -110.72% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $259.9K | $395.0K | |
YoY Change | -34.21% | -462.36% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $321.9K | ||
YoY Change | |||
Cash From Investing Activities | -$259.9K | -$73.05K | |
YoY Change | 255.74% | -32.98% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $64.79K | 186.1K | |
YoY Change | -65.18% | -68.49% | |
NET CHANGE | |||
Cash From Operating Activities | $191.7K | 36.98K | |
Cash From Investing Activities | -$259.9K | -73.05K | |
Cash From Financing Activities | $64.79K | 186.1K | |
Net Change In Cash | -$3.392K | 150.0K | |
YoY Change | -102.26% | 9.75% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $191.7K | $36.98K | |
Capital Expenditures | $259.9K | $395.0K | |
Free Cash Flow | -$68.18K | -$358.0K | |
YoY Change | -80.95% | 51.73% |
Facts In Submission
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Dividends Preferred Stock
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
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|
0.05 | |
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EarningsPerShareBasic
|
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|
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|
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|
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|
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|
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Stock Issued During Period Value Other
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|
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|
78047 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
100919 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
49126 | usd |
CY2024Q1 | ILAL |
Stock Issued During Period Value Issued For Conversion Of Related Party Debt
StockIssuedDuringPeriodValueIssuedForConversionOfRelatedPartyDebt
|
9456250 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3650150 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14431048 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4844482 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4844482 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1800000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
2674976 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
25354972 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
300000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
147805 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
15000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
|
-15000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
|
-15000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1908561 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-27707187 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-27707187 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3650150 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1908561 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
213931 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
78047 | usd |
CY2024Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
189369 | usd |
CY2023Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
245674 | usd |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
15000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-49329 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
51531 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
29748 | usd |
CY2023Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
160830 | usd |
CY2023Q1 | ILAL |
Excess Fair Value Of Derivative Over Carrying Balance Of Debt
ExcessFairValueOfDerivativeOverCarryingBalanceOfDebt
|
36062 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-22748 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-397678 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-146374 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-31280 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-40363 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
282543 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
5070 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
608001 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-15754 | usd |
CY2023Q1 | ILAL |
Increase Decrease In Accounts Payable And Accrued Interestrelated Party
IncreaseDecreaseInAccountsPayableAndAccruedInterestrelatedParty
|
154462 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-4521222 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
303713 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-63348 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-294346 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
50000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
129830 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
191688 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
36978 | usd |
CY2023Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
321919 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
|
259867 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
|
215266 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
179700 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-259867 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-73047 | usd |
CY2024Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
51267 | usd |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
100850 | usd |
CY2024Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
5000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
63058 | usd |
CY2024Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
32003 | usd |
CY2023Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
100000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
78058 | usd |
CY2023Q1 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
23776 | usd |
CY2024Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
75000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
226220 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
64788 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
186088 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3392 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
150019 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
140247 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
49374 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
136856 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
199393 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
13456 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
47285 | usd |
CY2023Q1 | ILAL |
Dividend On Series B
DividendOnSeriesB
|
15000 | usd |
CY2024Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
49126 | usd |
CY2024Q1 | ILAL |
Series A Shares Issued For Conversion Of Related Party Notes Payable
SeriesASharesIssuedForConversionOfRelatedPartyNotesPayable
|
9456250 | usd |
CY2023Q1 | ILAL |
Debt Discount From Issuance Of New Promissory Notes
DebtDiscountFromIssuanceOfNewPromissoryNotes
|
104250 | usd |
CY2024Q1 | ILAL |
Common Shares Issued For Services
CommonSharesIssuedForServices
|
213931 | usd |
CY2023Q1 | ILAL |
Common Shares Issued For Services
CommonSharesIssuedForServices
|
15000 | usd |
CY2024Q1 | ILAL |
Working Capital
WorkingCapital
|
13700000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3650000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-23500000 | usd |
CY2024Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_84B_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zVk0mIr2Eelc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_866_zg15vbe8G5Be">Reclassification</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain numbers from 2023 have been reclassified to conform with the current year presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_z7nsX3o8RRh9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86E_znKF5b2Tiqx">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><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"><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-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><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"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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 assets 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
804672 | usd |
CY2024Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
804672 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
781924 | usd |
CY2024Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-22748 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
804672 | usd |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5088874 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
240932 | usd |
CY2024Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
167589 | usd |
CY2023Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
260084 | usd |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
44107500 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
42867500 | shares |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_z0nPzD7fAVBc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_865_z75O82SSPu7j">Concentration of Credit Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; 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-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; 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 March 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2024Q1 | ILAL |
Unpaid Amount Owed
UnpaidAmountOwed
|
58560 | usd |
CY2023Q4 | ILAL |
Unpaid Amount Owed
UnpaidAmountOwed
|
58560 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
824127 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
772596 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1802161 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1818825 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
51531 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
29748 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
1500000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
|
500000 | usd |
CY2024Q1 | ILAL |
Notes Payable Gross
NotesPayableGross
|
2744762 | usd |
CY2023Q4 | ILAL |
Notes Payable Gross
NotesPayableGross
|
2674762 | usd |
CY2024Q1 | us-gaap |
Notes Payable
NotesPayable
|
2744762 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
2674762 | usd |
CY2024Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2744762 | usd |
CY2023Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2674762 | usd |
CY2024Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
651811 | usd |
CY2023Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
9585111 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
31737 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
33034 | usd |
CY2024Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
620074 | usd |
CY2023Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
9552077 | usd |
CY2024Q1 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
620074 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
9552077 | usd |
CY2023Q1 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
2680000 | usd |
CY2022Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
0 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
1090617 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
1516622 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-1110022 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-926798 | usd |
CY2024Q1 | ILAL |
Net Budget
NetBudget
|
1556000 | usd |
CY2023Q4 | ILAL |
Net Budget
NetBudget
|
1556000 | usd |
CY2024Q1 | ILAL |
Net Budget Inclusive Of Lots Construction
NetBudgetInclusiveOfLotsConstruction
|
995747 | usd |
CY2023Q4 | ILAL |
Net Budget Inclusive Of Lots Construction
NetBudgetInclusiveOfLotsConstruction
|
995747 | usd |
CY2024Q1 | us-gaap |
Other Commitment
OtherCommitment
|
560250 | usd |
CY2023Q4 | us-gaap |
Other Commitment
OtherCommitment
|
560250 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2010000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
85064195 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
82064195 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
79658165 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
76658165 | shares |
CY2022Q4 | 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 |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
38107500 | shares |
CY2023Q4 | ILAL |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
|
0.16 | |
CY2023 | ILAL |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermBeginning
|
P4Y2M1D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
38107500 | shares |
CY2024Q1 | ILAL |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
|
0.16 | |
CY2024Q1 | ILAL |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTermEnding
|
P3Y8M1D | |
CY2024Q1 | ILAL |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
|
38107500 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6000000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.34 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P3Y1M20D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6000000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.34 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y7M20D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
6000000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |