secwatch.observer — SEC 8-K summary
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Issuer:     International Land Alliance Inc. (ILAL)
CIK:        0001657214
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001493152-23-038216
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ILAL subsidiary receives subdivision approval, enabling recognition of $4.2M deferred revenue
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- Rancho Costa Verde subsidiary in Mexico got subdivision approval from San Felipe municipality for Phase II and III.
- Approval fulfills final performance obligation for 600 residential lots previously sold.
- Gross sales from those lots exceeded $18M; $4.2M in deferred revenue can now be recognized.
- Payment of final transfer taxes is also required for revenue recognition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223038216/0001493152-23-038216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223038216/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038216

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