2023 Q4 Form 10-Q Financial Statement

#000149315223041526 Filed on November 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $7.590K $5.906K $33.37K
YoY Change -84.6% -82.3% 325.13%
Cost Of Revenue $173.1K $767.00 $23.97K
YoY Change -29.62% -96.8% 239.5%
Gross Profit -$165.5K $5.139K $9.404K
YoY Change -15.85% -45.35% 1090.38%
Gross Profit Margin -2180.9% 87.01% 28.18%
Selling, General & Admin $1.881M $378.6K $474.9K
YoY Change 284.01% -20.27% -7.23%
% of Gross Profit 7367.19% 5049.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.690K $9.274K $9.883K
YoY Change 12.13% -6.16% 42.41%
% of Gross Profit 180.46% 105.09%
Operating Expenses $1.915M $387.9K $484.7K
YoY Change 284.92% -19.98% -6.57%
Operating Profit -$2.081M -$382.7K -$475.3K
YoY Change 199.7% -19.48% -8.24%
Interest Expense -$308.7K $67.57K $529.9K
YoY Change 340.92% -87.25% -486.55%
% of Operating Profit
Other Income/Expense, Net $0.00 -$67.57K -$518.8K
YoY Change -86.98% -10476.16%
Pretax Income -$3.953M -$450.3K -$994.1K
YoY Change 417.22% -54.7% 48.89%
Income Tax
% Of Pretax Income
Net Earnings -$3.953M -$450.3K -$994.1K
YoY Change 417.22% -54.7% 48.9%
Net Earnings / Revenue -52085.9% -7624.55% -2978.88%
Basic Earnings Per Share -$0.01 -$0.02
Diluted Earnings Per Share -$0.05 -$0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 78.31M shares 74.74M shares 65.86M shares
Diluted Shares Outstanding 74.96M shares 66.08M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $730.00 $10.15K $68.62K
YoY Change -93.38% -85.21% -90.18%
Cash & Equivalents $726.00 $10.15K $68.62K
Short-Term Investments
Other Short-Term Assets $13.16K $25.72K $49.26K
YoY Change -71.36% -47.78% -44.09%
Inventory $312.7K $319.2K
Prepaid Expenses $13.16K $18.96K $26.43K
Receivables $12.49K $31.10K
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.88K $361.1K $468.2K
YoY Change -88.76% -22.87% -68.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.367M $996.3K
YoY Change 137.62% -10.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $85.00K $213.6K $180.5K
YoY Change -52.76% 18.32% -85.26%
Total Long-Term Assets $85.00K $2.666M $2.659M
YoY Change -97.21% 0.26% 13.99%
TOTAL ASSETS
Total Short-Term Assets $13.88K $361.1K $468.2K
Total Long-Term Assets $85.00K $2.666M $2.659M
Total Assets $98.88K $3.027M $3.127M
YoY Change -96.88% -3.21% -17.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $528.6K $815.8K $739.2K
YoY Change -33.76% 10.37% 59.52%
Accrued Expenses $939.4K $1.238M $813.3K
YoY Change -0.96% 52.28% 61.99%
Deferred Revenue $11.55K $35.34K
YoY Change -67.33%
Short-Term Debt $1.457M $2.266M $1.004M
YoY Change 46.47% 125.68% 178.43%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.872M $4.513M $2.737M
YoY Change 30.05% 64.91% 93.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $900.0K
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00 $0.00 $15.70K
YoY Change -100.0% -100.0% -86.82%
Total Long-Term Liabilities $0.00 $0.00 $915.7K
YoY Change -100.0% -100.0% 668.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.872M $4.513M $2.737M
Total Long-Term Liabilities $0.00 $0.00 $915.7K
Total Liabilities $3.872M $4.513M $3.653M
YoY Change -8.22% 23.57% 138.47%
SHAREHOLDERS EQUITY
Retained Earnings -$26.93M -$24.49M -$22.21M
YoY Change 17.21% 10.25%
Common Stock $79.83K $76.74K $67.20K
YoY Change 18.79% 14.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.348M -$6.211M -$5.110M
YoY Change
Total Liabilities & Shareholders Equity $98.88K $3.027M $3.127M
YoY Change -96.88% -3.21% -17.87%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$3.953M -$450.3K -$994.1K
YoY Change 417.22% -54.7% 48.9%
Depreciation, Depletion And Amortization $8.690K $9.274K $9.883K
YoY Change 12.13% -6.16% 42.41%
Cash From Operating Activities -$150.9K -$203.2K -$219.5K
YoY Change -40.95% -7.41% -87.99%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$4.950K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $6.350K
YoY Change -100.0% 23.78%
Cash From Investing Activities $0.00 $4.950K $6.350K
YoY Change -22.05% -114.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 185.0K 64.50K 238.3K
YoY Change -7.5% -72.93% -68.8%
NET CHANGE
Cash From Operating Activities -150.9K -203.2K -219.5K
Cash From Investing Activities 0.000 4.950K 6.350K
Cash From Financing Activities 185.0K 64.50K 238.3K
Net Change In Cash 34.11K -133.8K 25.11K
YoY Change -161.45% -632.82% -102.27%
FREE CASH FLOW
Cash From Operating Activities -$150.9K -$203.2K -$219.5K
Capital Expenditures $0.00 -$4.950K $0.00
Free Cash Flow -$150.9K -$198.3K -$219.5K
YoY Change -40.95% -9.66% -87.65%

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-43808 usd
OWPC Series Convertible Preferred Stock Declared
SeriesConvertiblePreferredStockDeclared
-28971 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-498220 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1001675 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1411812 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2317304 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74958373 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74958373 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66080317 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66080317 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71436129 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71436129 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65850852 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65850852 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2022Q3 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
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-6244487 usd
CY2023Q3 OWPC Series A Preferred Stock To Be Issued For Services
SeriesAPreferredStockToBeIssuedForServices
45000 usd
CY2023Q3 OWPC Series B Preferred Stock Conversions
SeriesBPreferredStockConversions
355005 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
84000 usd
CY2023Q3 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
47714 usd
CY2023Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
15083 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-32831 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-450306 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-6210988 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
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
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-5836258 usd
OWPC Series A Convertible Preferred Stock Issued For Cash
SeriesAConvertiblePreferredStockIssuedForCash
45000 usd
OWPC Series B Preferred Stock Conversions
SeriesBPreferredStockConversions
355005 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
173850 usd
OWPC Commitment Shares Issued Pursuant To Promissory Note
CommitmentSharesIssuedPursuantToPromissoryNote
42175 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
300000 usd
OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
121052 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
43808 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
145370 usd
us-gaap Net Income Loss
NetIncomeLoss
-1513374 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-6210988 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-3050254 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 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
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-5109990 usd
us-gaap Net Income Loss
NetIncomeLoss
-1513374 usd
us-gaap Net Income Loss
NetIncomeLoss
-2295139 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25578 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34540 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9041 usd
OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
4397 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
26233 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
412673 usd
OWPC Series A Preferred Stock Issued For Services
SeriesAPreferredStockIssuedForServices
90000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
173850 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
339133 usd
OWPC Stock Options Issued For Services
StockOptionsIssuedForServices
121052 usd
OWPC Stock Options Issued For Services
StockOptionsIssuedForServices
123440 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
133 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11216 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
258583 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
120625 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-20219 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-109578 usd
OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
33666 usd
OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
33327 usd
OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-34391 usd
OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-84667 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
194020 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17774 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
259049 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
290021 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
357650 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-263 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5176 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-31940 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-64067 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1043238 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1124967 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6350 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5046 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43201 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5046 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36851 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
750000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
750000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
62000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99500 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
262500 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
868081 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
550000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
150000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
874500 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1117581 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
172920 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 Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-864 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-51057 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11016 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
119678 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10152 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68621 usd
us-gaap Interest Paid Net
InterestPaidNet
40693 usd
us-gaap Interest Paid Net
InterestPaidNet
79269 usd
OWPC Dividends Payable
DividendsPayable
43808 usd
OWPC Dividends Payable
DividendsPayable
28971 usd
OWPC Initital Recognition Of Rightofuse Assets And Lease Liabilities
InititalRecognitionOfRightofuseAssetsAndLeaseLiabilities
1535706 usd
OWPC Deposit On Equipment Settled With Note Payable
DepositOnEquipmentSettledWithNotePayable
35000 usd
OWPC Value Of Debt Discounts Attributable To Commitment Shares
ValueOfDebtDiscountsAttributableToCommitmentShares
42175 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84F_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z50uL0IzoYDj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86B_z7x2MKyTNU3">Reclassifications</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z3ZmpfP45TA" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zVGzkUEzIYl4">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11545 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6760 usd
CY2023Q3 us-gaap Cash
Cash
10152 usd
CY2023Q3 OWPC Working Capital
WorkingCapital
-4152153 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-24489739 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
53442 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18964 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
39288 usd
CY2023Q3 OWPC Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
6760 usd
CY2022Q4 OWPC Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
6655 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
25724 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
45943 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
21934 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
18580 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
30174 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1464 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
316100 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
80858 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
368208 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
100902 usd
CY2023Q3 us-gaap Inventory Adjustments
InventoryAdjustments
55472 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
46749 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
312736 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
54153 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
988536 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25578 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34540 usd
CY2022Q4 OWPC Annual Escalation Of Lease Payment Percent
AnnualEscalationOfLeasePaymentPercent
0.02 pure
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
213593 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179927 usd
CY2023Q3 us-gaap Security Deposit
SecurityDeposit
85000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
1449808 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2477622 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1073163 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
110205 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84627 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2367417 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
3825 usd
OWPC Lease Termination Fees
LeaseTerminationFees
7700 usd
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
20148 usd
CY2022Q4 OWPC Value Added Tax And Administration Fees
ValueAddedTaxAndAdministrationFees
29000000 cop
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
6300 usd
CY2023Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
771199 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
613569 usd
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
42764 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
31632 usd
CY2023Q3 OWPC Accrued Fees And Contributions
AccruedFeesAndContributions
178053 usd
CY2022Q4 OWPC Accrued Fees And Contributions
AccruedFeesAndContributions
167037 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
246463 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
136220 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1238479 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
948458 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11545 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11808 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6760 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6655 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4785 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5153 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
3000000 cop
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
645 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 Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
1535706 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
4397 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
34391 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
33431 usd
OWPC Operating Lease Cost Interest On Lease Liabilities
OperatingLeaseCostInterestOnLeaseLiabilities
11379 usd
OWPC Operating Lease Cost Interest On Lease Liabilities
OperatingLeaseCostInterestOnLeaseLiabilities
26463 usd
OWPC Operating Lease Cost Lease Payments On Short Term Leases
OperatingLeaseCostLeasePaymentsOnShortTermLeases
1290 usd
OWPC Operating Lease Cost Lease Payments On Short Term Leases
OperatingLeaseCostLeasePaymentsOnShortTermLeases
12590 usd
us-gaap Lease Cost
LeaseCost
47060 usd
us-gaap Lease Cost
LeaseCost
72484 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
425969 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86235 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
341680 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
427915 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675 pure
OWPC Operating Cash Flows Used For Operating Leases
OperatingCashFlowsUsedForOperatingLeases
31940 usd
OWPC Operating Cash Flows Used For Operating Leases
OperatingCashFlowsUsedForOperatingLeases
38725 usd
CY2023Q3 us-gaap Notes Payable
NotesPayable
507679 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
145524 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
53442 usd
CY2023Q3 OWPC Fair Value Commitment
FairValueCommitment
1666667 shares
OWPC Fair Value Of Commitment Shares Issued As Debt Discount
FairValueOfCommitmentSharesIssuedAsDebtDiscount
42175 usd
OWPC Original Issue Discounts
OriginalIssueDiscounts
24000 usd
OWPC Legal And Brokerage Fees
LegalAndBrokerageFees
13500 usd
OWPC Debt Discount
DebtDiscount
79675 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
26233 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
53442 usd
OWPC Debt Discount
DebtDiscount
79675 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
26233 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2023Q3 OWPC Investment Ownership Percentage
InvestmentOwnershipPercentage
0.0499 pure
OWPC Finance Cost On Equity Line Of Credit
FinanceCostOnEquityLineOfCredit
15000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
44877 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
43899 usd
OWPC Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
58804 usd
OWPC Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
43763 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
47255 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
21120 usd
OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
13549 usd
OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
50753 usd
OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
12684 usd
OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
106894 usd
OWPC Amortization Of Debt Discounts Warrants
AmortizationOfDebtDiscountsWarrants
255026 usd
OWPC Series B Preferred Stock Issued As Commitment On Eloc
SeriesBPreferredStockIssuedAsCommitmentOnEloc
205005 usd
OWPC Common Stock Issued As Commitment
CommonStockIssuedAsCommitment
134128 usd
OWPC Interest On Accounts Payable
InterestOnAccountsPayable
11249 usd
us-gaap Interest Expense
InterestExpense
177169 usd
us-gaap Interest Expense
InterestExpense
886837 usd
OWPC Series Convertible Preferred Stock Declared
SeriesConvertiblePreferredStockDeclared
-43808 usd
OWPC Series Convertible Preferred Stock Declared
SeriesConvertiblePreferredStockDeclared
-28971 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
76736274 shares
CY2023Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
3000000 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.10
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
300000 usd
OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
121052 usd
OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
123440 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
0.14
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y4M13D
us-gaap Share Based Compensation
ShareBasedCompensation
121052 usd
us-gaap Share Based Compensation
ShareBasedCompensation
123440 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
14011650 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.29
OWPC Class Of Warrant Weighted Average Life
ClassOfWarrantWeightedAverageLife
P2Y1M28D
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
9746000 usd
OWPC Operating Loss Carryforwards Expiration
OperatingLossCarryforwardsExpiration
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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