International Land Alliance Inc. disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure→Substantial doubt about ability to continue as a going concern
Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As disclosed in Note 1 to the financial statements, the Company has suffered recurring losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are disclosed in Note 1. The financial statements do not include any adjustments that might result from…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2025-05-21
Prior form
10-K
Prior state
none
Prior state label
No going-concern disclosure
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
International Land Alliance Inc. told the SEC it could not file its annual report on time
Does not expect a significant change in results.1 day past the statutory due date.
(the “Company”) is not in a position to file its Annual Report on Form 10-K for the period ended December 31, 2025 (the “Form 10-K”) within the prescribed time period in order to permit the Company’s independent registered public accounting firm to complete its audit of the financial statements included in the Form 10-K. The compilation, dissemination and review of the information required to be presented in the Form 10-K have imposed time constraints that have rendered timely filing of the Form 10-K impracticable without undue hardship and expense to the registrant. The Company intends to file the Form 10-K on or before the fifteenth calendar day following the prescribed due date.
Evidence
Anticipates significant change
No
Days past due date
1
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is not in a position to file its Annual Report on Form 10-K for the period ended December 31, 2025 (the “Form 10-K”) within the prescribed time period in order to permit the Company’s independent registered public accounting firm to complete its audit of the financial statements included in the Form 10-K. The compilation, dissemination and review of the information required to be presented in the Form 10-K have imposed time constraints that have rendered timely filing of the Form 10-K impracticable without undue hardship and expense to the registrant. The Company intends to file the Form 10-K on or before the fifteenth calendar day following the prescribed due date.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.