2022 Q4 Form 10-Q Financial Statement

#000149315222032039 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $49.28K $33.37K $7.850K
YoY Change 28.8% 325.13% -81.57%
Cost Of Revenue $246.0K $23.97K $7.060K
YoY Change 1146.15% 239.5% -8.07%
Gross Profit -$196.7K $9.404K $790.00
YoY Change -1162.15% 1090.38% -97.74%
Gross Profit Margin -399.17% 28.18% 10.06%
Selling, General & Admin $489.9K $474.9K $511.9K
YoY Change -84.74% -7.23% -56.15%
% of Gross Profit 5049.55% 64793.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.750K $9.883K $6.940K
YoY Change -25.34% 42.41% -26.95%
% of Gross Profit 105.09% 878.48%
Operating Expenses $497.6K $484.7K $518.8K
YoY Change -84.69% -6.57% -55.56%
Operating Profit -$694.3K -$475.3K -$518.0K
YoY Change -78.51% -8.24% -54.26%
Interest Expense -$70.02K $529.9K -$137.1K
YoY Change -86.24% -486.55% 1723.01%
% of Operating Profit
Other Income/Expense, Net $0.00 -$518.8K $5.000K
YoY Change -100.0% -10476.16%
Pretax Income -$764.3K -$994.1K -$667.7K
YoY Change -79.8% 48.89% -41.43%
Income Tax
% Of Pretax Income
Net Earnings -$764.3K -$994.1K -$667.7K
YoY Change -79.8% 48.9% -41.43%
Net Earnings / Revenue -1551.01% -2978.88% -8505.48%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.01 -$0.02 -$10.83K
COMMON SHARES
Basic Shares Outstanding 67.20M shares 65.86M shares
Diluted Shares Outstanding 66.08M shares 61.66M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.02K $68.62K $698.7K
YoY Change -90.79% -90.18% 3246.12%
Cash & Equivalents $11.02K $68.62K $698.7K
Short-Term Investments
Other Short-Term Assets $45.94K $49.26K $88.11K
YoY Change -84.99% -44.09% 18.49%
Inventory $54.15K $319.2K $526.7K
Prepaid Expenses $39.29K $26.43K
Receivables $12.36K $31.10K $28.92K
Other Receivables $132.6K
Total Short-Term Assets $123.5K $468.2K $1.475M
YoY Change -80.83% -68.26% 233.04%
LONG-TERM ASSETS
Property, Plant & Equipment $988.5K $996.3K $1.108M
YoY Change -1.44% -10.11% -2.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $179.9K $180.5K $1.225M
YoY Change -85.67% -85.26% 1627.17%
Total Long-Term Assets $3.044M $2.659M $2.333M
YoY Change 34.76% 13.99% 93.35%
TOTAL ASSETS
Total Short-Term Assets $123.5K $468.2K $1.475M
Total Long-Term Assets $3.044M $2.659M $2.333M
Total Assets $3.168M $3.127M $3.808M
YoY Change 9.11% -17.87% 130.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $798.1K $739.2K $463.4K
YoY Change 66.21% 59.52% -23.14%
Accrued Expenses $948.5K $813.3K $502.1K
YoY Change 107.19% 61.99% 68.34%
Deferred Revenue $11.81K $35.34K
YoY Change -60.85%
Short-Term Debt $995.0K $1.004M $360.6K
YoY Change 117.92% 178.43% 202.32%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.977M $2.737M $1.413M
YoY Change 95.42% 93.75% 36.44%
LONG-TERM LIABILITIES
Long-Term Debt $900.0K $900.0K $0.00
YoY Change 350.0%
Other Long-Term Liabilities $341.7K $15.70K $119.1K
YoY Change -86.82% -68.41%
Total Long-Term Liabilities $1.242M $915.7K $119.1K
YoY Change 520.84% 668.59% -68.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.977M $2.737M $1.413M
Total Long-Term Liabilities $1.242M $915.7K $119.1K
Total Liabilities $4.219M $3.653M $1.532M
YoY Change 144.79% 138.47% 8.44%
SHAREHOLDERS EQUITY
Retained Earnings -$22.98M -$22.21M
YoY Change 15.36%
Common Stock $67.20K $67.20K
YoY Change 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.836M -$5.110M $2.276M
YoY Change
Total Liabilities & Shareholders Equity $3.168M $3.127M $3.808M
YoY Change 9.11% -17.87% 130.86%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$764.3K -$994.1K -$667.7K
YoY Change -79.8% 48.9% -41.43%
Depreciation, Depletion And Amortization $7.750K $9.883K $6.940K
YoY Change -25.34% 42.41% -26.95%
Cash From Operating Activities -$255.5K -$219.5K -$1.827M
YoY Change -58.02% -87.99% 363.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$49.43K
YoY Change -100.0% -100.0% 38.93%
Acquisitions
YoY Change
Other Investing Activities $0.00 $6.350K $5.130K
YoY Change 23.78%
Cash From Investing Activities $0.00 $6.350K -$44.30K
YoY Change -100.0% -114.33% 24.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.0K
YoY Change -53.63%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K 238.3K 763.7K
YoY Change 33.33% -68.8% 118.84%
NET CHANGE
Cash From Operating Activities -255.5K -219.5K -1.827M
Cash From Investing Activities 0.000 6.350K -44.30K
Cash From Financing Activities 200.0K 238.3K 763.7K
Net Change In Cash -55.51K 25.11K -1.108M
YoY Change -90.4% -102.27% 1273.66%
FREE CASH FLOW
Cash From Operating Activities -$255.5K -$219.5K -$1.827M
Capital Expenditures $0.00 $0.00 -$49.43K
Free Cash Flow -$255.5K -$219.5K -$1.778M
YoY Change -47.73% -87.65% 395.91%

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-5500 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6806 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10919 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-991809 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-673179 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2288333 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2472009 usd
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
9866 usd
CY2021Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
14403 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
28971 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
49246 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1001675 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-687582 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2317304 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2521255 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66080317 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61662287 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65850852 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59712489 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-667679 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-2253639 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-4283623 usd
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
134128 usd
CY2022Q3 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
41180 usd
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
9866 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-2206512 usd
CY2021Q3 OWPC Adjustment Of Common Stock Issued For Services
AdjustmentOfCommonStockIssuedForServices
-51000 usd
CY2021Q3 OWPC Commitment Shares Issued Pursuant To Promissory Note
CommitmentSharesIssuedPursuantToPromissoryNote
150062 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
358017 usd
CY2021Q3 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
183376 usd
CY2021Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
14403 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5500 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2334 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-994143 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-5109990 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1953439 usd
OWPC Convertible Preferred Stock Units Sold For Cash
ConvertiblePreferredStockUnitsSoldForCash
-25 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
550000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
56796 usd
OWPC Commitment Shares Issued Pursuant To Promissory Note
CommitmentSharesIssuedPursuantToPromissoryNote
418312 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
358017 usd
OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
837955 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
49246 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10919 usd
us-gaap Net Income Loss
NetIncomeLoss
-2461090 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-2253639 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-3050254 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
134128 usd
OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
123440 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
28971 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6806 usd
us-gaap Net Income Loss
NetIncomeLoss
-2295139 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-5109990 usd
us-gaap Net Income Loss
NetIncomeLoss
-2295139 usd
us-gaap Net Income Loss
NetIncomeLoss
-2461090 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
25556 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34540 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29937 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9041 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-17563 usd
OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
20148 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
121372 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
412673 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
310633 usd
us-gaap Share Based Compensation
ShareBasedCompensation
339133 usd
us-gaap Share Based Compensation
ShareBasedCompensation
56796 usd
OWPC Amortization Of Options Issued For Services
AmortizationOfOptionsIssuedForServices
123440 usd
OWPC Amortization Of Options Issued For Services
AmortizationOfOptionsIssuedForServices
837955 usd
OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-84667 usd
OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-34237 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
194020 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
1159447 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
259049 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11216 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48843 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
120625 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
259528 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-109578 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
69479 usd
OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
33327 usd
OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
32330 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-271176 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
357650 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-97380 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5176 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-64067 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-33453 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1124967 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3120049 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6350 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5125 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43201 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
273348 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36851 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-268223 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
750000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
750000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
868081 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
947000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
455567 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99500 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
150000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3577505 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1117581 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4068938 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-6820 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-10919 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-51057 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
669747 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
119678 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28920 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68621 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
698667 usd
us-gaap Interest Paid Net
InterestPaidNet
79269 usd
us-gaap Interest Paid Net
InterestPaidNet
33564 usd
OWPC Fair Value Of Common Shares Issued For Conversion Of Debt
FairValueOfCommonSharesIssuedForConversionOfDebt
1537750 usd
OWPC Value Of Commitment Shares Issued As Debt Discount
ValueOfCommitmentSharesIssuedAsDebtDiscount
418312 usd
OWPC Value Of Warrants Issued As Debt Discount
ValueOfWarrantsIssuedAsDebtDiscount
358017 usd
OWPC Dividends Payable
DividendsPayable
28971 usd
OWPC Dividends Payable
DividendsPayable
49246 usd
OWPC Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
1535706 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zrh8AV0aTsD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_861_ztPqhYozbNwj">Reclassifications</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain reclassifications have been made to the prior years’ financial statements to conform to current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zORW3kHfEvlc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zVOOdjPP6lK4">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may 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. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
35340 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
22830 usd
CY2022Q3 us-gaap Cash
Cash
68621 usd
CY2022Q3 OWPC Working Capital
WorkingCapital
-2268606 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22212027 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
412673 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
22236 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
31233 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
115061 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
81182 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
201307 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
108246 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
338604 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
220661 usd
CY2022Q3 us-gaap Inventory Adjustments
InventoryAdjustments
19384 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
22066 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
319220 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
198595 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
26428 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
29366 usd
CY2022Q3 OWPC Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
22830 usd
CY2021Q4 OWPC Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
19470 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
110000 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
49258 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
158836 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
180521 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
147194 usd
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
1450008 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
1255988 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1073163 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1086959 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76880 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
83946 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
996283 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1003013 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6350 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9041 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34540 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29937 usd
CY2022Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
514133 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
261044 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
28505 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
9162 usd
CY2022Q3 OWPC Accrued Fees And Contributions
AccruedFeesAndContributions
172629 usd
CY2021Q4 OWPC Accrued Fees And Contributions
AccruedFeesAndContributions
129856 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
98047 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
57700 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
813314 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
457762 usd
CY2022Q1 us-gaap Area Of Land
AreaOfLand
12400 sqft
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
57339000 cop
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
15290 usd
OWPC Lease Termination Fees
LeaseTerminationFees
7700 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3800000 cop
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1013 usd
CY2021Q3 OWPC Annual Escalation Of Lease Payment Percent
AnnualEscalationOfLeasePaymentPercent
0.03 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
1900000 cop
us-gaap Operating Lease Payments
OperatingLeasePayments
507 usd
CY2022Q2 OWPC Annual Escalation Of Lease Payment Percent
AnnualEscalationOfLeasePaymentPercent
0.08 pure
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
93011 usd
OWPC Operating Lease Cost Interest On Lease Liabilities
OperatingLeaseCostInterestOnLeaseLiabilities
76251 usd
OWPC Operating Lease Cost Lease Payments On Short Term Leases
OperatingLeaseCostLeasePaymentsOnShortTermLeases
31999 usd
us-gaap Lease Cost
LeaseCost
201261 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32357 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17106 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15703 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
32809 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675 pure
OWPC Operating Cash Flows Used For Operating Leases
OperatingCashFlowsUsedForOperatingLeases
64067 usd
OWPC Lease Liability Terminated
LeaseLiabilityTerminated
1438830 usd
OWPC Rightof Use Asset Terminated
RightofUseAssetTerminated
1418682 usd
OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
20148 usd
OWPC Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
1535706 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4653 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19016 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11335 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35004 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2195 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
32809 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17106 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15703 usd
CY2021Q3 us-gaap Share Price
SharePrice
0.1001
CY2021Q3 OWPC Share Based Compensation Arrangement By Share Based Payment Award Options Call Option Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCallOptionValue
358017 usd
CY2021Q4 OWPC Fair Value Commitment
FairValueCommitment
3250000 shares
OWPC Fair Value Of Commitment Shares Issued As Debt Discount
FairValueOfCommitmentSharesIssuedAsDebtDiscount
418312 usd
CY2021 OWPC Fair Value Of Commitment Shares Issued As Debt Discount
FairValueOfCommitmentSharesIssuedAsDebtDiscount
418312 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3500000 shares
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
358017 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
358017 usd
OWPC Original Issue Discounts
OriginalIssueDiscounts
53700 usd
CY2021 OWPC Original Issue Discounts
OriginalIssueDiscounts
53700 usd
OWPC Legal And Brokerage Fees
LegalAndBrokerageFees
39300 usd
CY2021 OWPC Legal And Brokerage Fees
LegalAndBrokerageFees
39300 usd
OWPC Debt Discount
DebtDiscount
869329 usd
CY2021 OWPC Debt Discount
DebtDiscount
869329 usd
OWPC Amortization Of Debt Discount
AmortizationOfDebtDiscount
869329 usd
CY2021 OWPC Amortization Of Debt Discount
AmortizationOfDebtDiscount
456656 usd
CY2021 OWPC Unamortized Debt Discounts
UnamortizedDebtDiscounts
412673 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
869329 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
412673 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
310633 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
43899 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
854455 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
119274 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
154455 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
119274 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
700000 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
51345 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
8434 usd
CY2022Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
99500 usd
CY2022Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
200000 usd
CY2021Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
200000 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
13538 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
43899 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
21120 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
51345 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
8434 usd
OWPC Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
13538 usd
OWPC Finance Cost On Equity Line Of Credit
FinanceCostOnEquityLineOfCredit
15000 usd
OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
50753 usd
OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
24288 usd
OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
106894 usd
OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
273594 usd
OWPC Amortization Of Debt Discounts Warrants
AmortizationOfDebtDiscountsWarrants
255026 usd
OWPC Amortization Of Debt Discounts Warrants
AmortizationOfDebtDiscountsWarrants
12751 usd
OWPC Series B Preferred Stock Issued As Commitment On Eloc
SeriesBPreferredStockIssuedAsCommitmentOnELOC
205005 usd
OWPC Common Stock Issued As Commitment On2 Ajb Note
CommonStockIssuedAsCommitmentOn2AJBNote
134128 usd
OWPC Interest On Accounts Payable
InterestOnAccountsPayable
11249 usd
OWPC Interest On Accounts Payable
InterestOnAccountsPayable
7771 usd
us-gaap Interest Expense
InterestExpense
886837 usd
us-gaap Interest Expense
InterestExpense
347958 usd
OWPC Convertible Preferred Stock Declared
ConvertiblePreferredStockDeclared
28971 usd
OWPC Convertible Preferred Stock Declared
ConvertiblePreferredStockDeclared
34843 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15000 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
67202907 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
67202907 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
134128 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
123440 usd
CY2022Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
9480000 usd
us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
The net operating loss carry forwards, if not utilized, will begin to expire in 2025.

Files In Submission

Name View Source Status
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owpc-20220930_lab.xml Edgar Link unprocessable
0001493152-22-032039-index-headers.html Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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owpc-20220930_cal.xml Edgar Link unprocessable
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