ILAL — what changed in the latest 10-Q
A section-by-section comparison of ILAL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2025-11-19
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −17 | ~12 | 17 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
■ Oasis Park Resort is a 497-acres master planned real estate community including 1,344 residential home sites, south of San Felipe, Baja California, which offers a 180-degree sea and mountain views. In addition to the residential lots, there is a planned boutique hotel, a spacious commercial center…
Cost of revenue increased by $45,563 to $319,743 for the three months ended March 31, 2026, from $274,180 for the three months ended March 31, 2025. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.
Operating expenses increased by $1,696,654 to $2,808,758 for the three months ended March 31, 2026, from $1,112,103 for the three months ended March 31, 2025. This is primarily due to the Company issuing a large amount of common stock for services during Q1 2026.
Sales and marketing costs decreased by $3,391, to $184,120 in the three months ended March 31, 2026, from $187,511 in the three months ended March 31, 2025. Sales costs are related to real estate’s sales commissions. Marketing costs include advertising, prospective customers’ education, travel, and …
General and administrative costs increased by $1,700,045, to $2,624,638 in the three months ended March 31, 2026, compared to $924,593 for the three months ended March 31, 2025. General and administrative increased for mainly due to a large increase in stock-based compensation expenses during the th…
Text removed vs the prior filing · source: 10-Q · 2025-11-19
Oasis Park Resort is a 497-acres master planned real estate community including 1,344 residential home sites, south of San Felipe, Baja California, which offers a 180-degree sea and mountain views. In addition to the residential lots, there is a planned boutique hotel, a spacious commercial center, …
The Company recently allowed prospective homeowners and existing lot holders to tour the property again. As of the date of this report, 75 of the 1,344 planned residential lots were pre-sold to initial shareholders. The Company has made significant progress on the project, which included the complet…
Revenue decreased by $5,255,692 to $1,878,548 for the nine months ended September 30, 2025, from $7,134,240 for the nine months ended September 30, 2024. The revenue recognized during the six months ended September 30, 2025, includes real estate sales, interest from financed sales, financing fees, a…
Cost of revenue increased to $407,191 for the three months ended September 30, 2025, from $390,788 for the three months ended September 30, 2024. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.
Cost of revenue increased to $1,123,215 for the nine months ended September 30, 2025, from $993,114 for the nine months ended September 30, 2024. Cost of revenue includes land cost and related land improvements including infrastructure and subdivision costs.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice