SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
Accounting Policies [Abstract] |
|
SCHEDULE OF CONSOLIDATED SUBSIDIARIES AND ENTITY |
The
Company’s consolidated subsidiaries were as follows as of December 31, 2022:
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 | % |
Oasis Park Resort, LLC | |
Wyoming | |
| 100 | % |
Plaza Bajamar, LLC | |
Wyoming | |
| 100 | % |
Plaza Valle Divino, LLC | |
Wyoming | |
| 100 | % |
|
SCHEDULE OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS |
The
following table presents balances of the liabilities with significant unobservable inputs (Level 3) as of December 31, 2022:
SCHEDULE
OF LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS
| |
Fair Value Measurements at December 31, 2022 Using | |
| |
Quoted Prices in Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Significant Unobservable Inputs (Level 3) | | |
Total | |
| |
| | |
| | |
| | |
| |
Derivative liability | |
$ | - | | |
$ | - | | |
$ | 531,527 | | |
$ | 531,527 | |
Total | |
$ | - | | |
$ | - | | |
$ | 531,527 | | |
$ | 531,527 | |
|
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 year ended December 31, 2022:
SCHEDULE
OF CHANGES IN LIABILITIES WITH SIGNIFICANT UNOBSERVABLE INPUTS
| |
Derivative | |
| |
Liability | |
Balance December 31, 2021 | |
$ | - | |
| |
| | |
New derivative from convertible notes | |
| 497,535 | |
Change in estimated fair value | |
| 33,992 | |
Balance December 31, 2022 | |
$ | 531,527 | |
|
SCHEDULE OF DERIVATIVE LIABILITY |
SCHEDULE
OF DERIVATIVE LIABILITY
| |
For Years Ending December 31, | |
| |
2022 | | |
2021 | |
| |
| | |
| |
Expected term | |
| 0.5 -1 year | | |
| - | |
Exercise price | |
| $0.10-$0.43 | | |
| - | |
Expected volatility | |
| 155%-162% | | |
| - | |
Expected dividends | |
| None | | |
| - | |
Risk-free interest rate | |
| 2.93%-4.73% | | |
| - | |
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 DISAGGREGATED REVENUE |
Disaggregated
revenue by major source was as follows for the years ended December 31, 2022 and 2021:
SCHEDULE
OF DISAGGREGATED REVENUE
| |
| | |
December 31, 2021 | |
| |
| | |
| |
Revenue from the sale of land | |
$ | - | | |
$ | 496,797 | |
Lease income | |
| - | | |
| 25,899 | |
Total Revenue | |
$ | - | | |
$ | 522,696 | |
|
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 year ended
December 31, 2022 | | |
For the year ended
December 31, 2021 | |
| |
| | |
| |
Options | |
| 6,000,000 | | |
| 3,850,000 | |
Warrants | |
| 3,867,500 | | |
| 3,180,000 | |
Total potentially dilutive shares | |
| 9,867,500 | | |
| 7,030,000 | |
|