2024 Q2 Form 10-K Financial Statement

#000149315224021067 Filed on May 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $1.254K $7.590K $7.589K
YoY Change 1572.0% -84.6% -93.96%
Cost Of Revenue $229.00 $173.1K $173.1K
YoY Change 73.48% -29.62% -42.44%
Gross Profit $1.025K -$165.5K -$165.5K
YoY Change -1898.25% -15.85% -5.46%
Gross Profit Margin 81.74% -2180.9% -2181.22%
Selling, General & Admin $374.5K $1.881M $1.881M
YoY Change -23.81% 284.01% -6.82%
% of Gross Profit 36531.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $8.690K $34.27K
YoY Change -100.0% 12.13% -18.97%
% of Gross Profit 0.0%
Operating Expenses $374.5K $1.915M $1.915M
YoY Change -25.1% 284.92% -7.07%
Operating Profit -$373.4K -$2.081M -$2.081M
YoY Change -25.31% 199.7% -6.94%
Interest Expense -$369.0K -$308.7K $308.7K
YoY Change -816.17% 340.92% -67.73%
% of Operating Profit
Other Income/Expense, Net -$491.6K $0.00 -$1.872M
YoY Change 943.18% 127.42%
Pretax Income -$865.1K -$3.953M -$3.953M
YoY Change 58.11% 417.22% 29.22%
Income Tax
% Of Pretax Income
Net Earnings -$865.1K -$3.953M -$3.953M
YoY Change 58.11% 417.22% 29.22%
Net Earnings / Revenue -68983.97% -52085.9% -52092.78%
Basic Earnings Per Share -$0.01 -$0.05
Diluted Earnings Per Share -$0.01 -$0.05 -$0.05
COMMON SHARES
Basic Shares Outstanding 104.3M shares 78.31M shares 73.33M shares
Diluted Shares Outstanding 112.6M shares 73.33M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.2K $730.00 $730.00
YoY Change 106.68% -93.38% -93.38%
Cash & Equivalents $362.2K $726.00
Short-Term Investments
Other Short-Term Assets $38.04K $13.16K $13.16K
YoY Change -68.85% -71.36% -71.36%
Inventory $18.15K $0.00
Prepaid Expenses $38.04K $13.16K
Receivables $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $418.4K $13.88K $13.88K
YoY Change -31.69% -88.76% -88.76%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $85.00K $85.00K $85.00K
YoY Change -58.84% -52.76% -94.14%
Total Long-Term Assets $160.0K $85.00K $85.00K
YoY Change -93.92% -97.21% -97.21%
TOTAL ASSETS
Total Short-Term Assets $418.4K $13.88K $13.88K
Total Long-Term Assets $160.0K $85.00K $85.00K
Total Assets $578.4K $98.88K $98.88K
YoY Change -82.18% -96.88% -96.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $536.3K $528.6K $528.7K
YoY Change -34.49% -33.76% -33.76%
Accrued Expenses $961.7K $939.4K $1.689M
YoY Change -24.6% -0.96% 63.27%
Deferred Revenue
YoY Change
Short-Term Debt $1.201M $1.457M $1.457M
YoY Change -13.55% 46.47% 46.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.925M $3.872M $3.872M
YoY Change -20.09% 30.05% 30.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.237M $0.00 $0.00
YoY Change 198.24% -100.0% -100.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $2.237M $0.00 $0.00
YoY Change 198.24% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.925M $3.872M $3.872M
Total Long-Term Liabilities $2.237M $0.00 $0.00
Total Liabilities $5.162M $3.872M $3.872M
YoY Change 17.03% -8.22% -8.22%
SHAREHOLDERS EQUITY
Retained Earnings -$29.50M -$26.93M
YoY Change 22.7% 17.21%
Common Stock $104.3K $79.83K
YoY Change 42.2% 18.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$9.159M -$8.348M -$3.773M
YoY Change
Total Liabilities & Shareholders Equity $578.4K $98.88K $98.88K
YoY Change -82.18% -96.88% -96.88%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$865.1K -$3.953M -$3.953M
YoY Change 58.11% 417.22% 29.22%
Depreciation, Depletion And Amortization $0.00 $8.690K $34.27K
YoY Change -100.0% 12.13% -18.97%
Cash From Operating Activities -$480.0K -$150.9K -$1.194M
YoY Change 70.83% -40.95% -13.5%
INVESTING ACTIVITIES
Capital Expenditures $75.00K $0.00 $5.046K
YoY Change -88.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$75.00K $0.00 -$5.046K
YoY Change -86.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $650.0K
YoY Change 85.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 876.5K 185.0K $1.060M
YoY Change 141.79% -7.5% -19.59%
NET CHANGE
Cash From Operating Activities -480.0K -150.9K -$1.194M
Cash From Investing Activities -75.00K 0.000 -$5.046K
Cash From Financing Activities 876.5K 185.0K $1.060M
Net Change In Cash 321.5K 34.11K -$10.29K
YoY Change 294.29% -161.45% -90.53%
FREE CASH FLOW
Cash From Operating Activities -$480.0K -$150.9K -$1.194M
Capital Expenditures $75.00K $0.00 $5.046K
Free Cash Flow -$555.0K -$150.9K -$1.199M
YoY Change 97.53% -40.95% -15.77%

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SeriesAConvertiblePreferredStockIssuedForServices
45000 usd
CY2023 OWPC Series B Preferred Stock Conversions
SeriesBPreferredStockConversions
505005 usd
CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
263440 usd
CY2023 OWPC Commitment Shares Issued Pursuant To Promissory Note
CommitmentSharesIssuedPursuantToPromissoryNote
42175 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
400000 usd
CY2023 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
151749 usd
CY2023 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.60
CY2023 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
58891 usd
CY2023 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
58891 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
93027 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-3953321 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-8348074 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-8348074 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-3953321 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-3059477 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34266 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42287 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3290 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9041 usd
CY2023 OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
4397 usd
CY2022 OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
20148 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
121372 usd
CY2023 OWPC Loss On Deconsolidation Of Foreign Subsidiaries
LossOnDeconsolidationOfForeignSubsidiaries
1564823 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
55539 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
412673 usd
CY2023 OWPC Series A Preferred Stock Issued For Services
SeriesAPreferredStockIssuedForServices
90000 usd
CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
263440 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
339133 usd
CY2023 OWPC Stock Options Issued For Services
StockOptionsIssuedForServices
151749 usd
CY2022 OWPC Stock Options Issued For Services
StockOptionsIssuedForServices
164620 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12355 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7525 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-8362 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-144442 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-30101 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-112893 usd
CY2023 OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
46615 usd
CY2022 OWPC Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
32733 usd
CY2023 OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-34391 usd
CY2022 OWPC Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
-118347 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
193820 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
132138 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
317921 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
473497 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
492794 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-11808 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18356 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-31940 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-96253 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1194130 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1380483 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6350 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5046 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43201 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5046 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36851 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
750000 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
750000 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
147000 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99500 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
262500 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
868081 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
650000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
350000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1059500 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1317581 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
131046 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8909 usd
CY2023 OWPC Cash Removed In Deconsolidated Foreign Subsidiaries
CashRemovedInDeconsolidatedForeignSubsidiaries
-1659 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10290 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-108662 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
726 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11016 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
93809 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
117112 usd
CY2023 OWPC Dividends Payable
DividendsPayable
58891 usd
CY2022 OWPC Dividends Payable
DividendsPayable
38923 usd
CY2022 OWPC Initital Recognition Of Rightofuse Assets And Lease Liabilities
InititalRecognitionOfRightofuseAssetsAndLeaseLiabilities
1962998 usd
CY2023 OWPC Deposit On Equipment Settled With Note Payable
DepositOnEquipmentSettledWithNotePayable
35000 usd
CY2023 OWPC Accounts Payable Settled With Exchange Of Equipment
AccountsPayableSettledWithExchangeOfEquipment
9158 usd
CY2023 OWPC Par Value Of Cashless Exercise Of Common Stock Options
ParValueOfCashlessExerciseOfCommonStockOptions
42175 usd
CY2023 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
1564823 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84F_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z1urMYi0KB7f" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_86F_zgeIYO5TxaRc" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Reclassifications</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ONE WORLD PRODUCTS, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zJLNTtBmBZx4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_863_zADNBjs3RY8k" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
10350 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
80498 usd
CY2023Q4 OWPC Working Capital
WorkingCapital
-3858229 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-26929686 usd
CY2023Q4 us-gaap Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
1200000 usd
CY2023 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
1564823 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
24136 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
18580 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
94094 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
198985 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
311659 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
257506 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
54153 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
13156 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
39288 usd
CY2022Q4 OWPC Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
6655 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
13156 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
45943 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
179927 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
85000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
1449808 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1073163 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84627 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
988536 usd
CY2022Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6350 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9041 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34266 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42287 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
114907 usd
CY2023 OWPC Operating Lease Cost Interest On Lease Liabilities
OperatingLeaseCostInterestOnLeaseLiabilities
11379 usd
CY2022 OWPC Operating Lease Cost Interest On Lease Liabilities
OperatingLeaseCostInterestOnLeaseLiabilities
83702 usd
CY2023 OWPC Operating Lease Cost Lease Payments On Short Term Leases
OperatingLeaseCostLeasePaymentsOnShortTermLeases
1575 usd
CY2022 OWPC Operating Lease Cost Lease Payments On Short Term Leases
OperatingLeaseCostLeasePaymentsOnShortTermLeases
23811 usd
CY2023 us-gaap Lease Cost
LeaseCost
47345 usd
CY2022 us-gaap Lease Cost
LeaseCost
222420 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
665417 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
613569 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
31632 usd
CY2022Q4 OWPC Accrued Fees And Contributions
AccruedFeesAndContributions
167037 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
273951 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
136220 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
939368 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
948458 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11808 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6655 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5153 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
0 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
CY2023 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
CY2022Q4 OWPC Annual Escalation Of Lease Payment Percent
AnnualEscalationOfLeasePaymentPercent
0.02 pure
CY2023 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
3825 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
34391 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
CY2023Q4 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
CY2023 OWPC Operating Cash Flows Used For Operating Leases
OperatingCashFlowsUsedForOperatingLeases
31940 usd
CY2022 OWPC Operating Cash Flows Used For Operating Leases
OperatingCashFlowsUsedForOperatingLeases
96253 usd
CY2023 OWPC Lease Liability Terminated
LeaseLiabilityTerminated
395975 usd
CY2022 OWPC Lease Liability Terminated
LeaseLiabilityTerminated
1438830 usd
CY2023 OWPC Rightof Use Asset Terminated
RightofUseAssetTerminated
391578 usd
CY2022 OWPC Rightof Use Asset Terminated
RightofUseAssetTerminated
1418682 usd
CY2023 OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
4397 usd
CY2022 OWPC Gain On Early Extinguishment Of Lease
GainOnEarlyExtinguishmentOfLease
20148 usd
CY2022 OWPC Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
1962998 usd
CY2022 OWPC Debt Discount
DebtDiscount
869329 usd
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3250000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3500000 shares
CY2023Q4 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
32055 usd
CY2023 us-gaap Payments For Brokerage Fees
PaymentsForBrokerageFees
18698 usd
CY2023Q4 OWPC Investment Ownership Percentage
InvestmentOwnershipPercentage
0.0499 pure
CY2023Q4 us-gaap Notes Payable
NotesPayable
335000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
145524 usd
CY2023Q4 OWPC Fair Value Commitment
FairValueCommitment
1666667 shares
CY2023 OWPC Fair Value Of Commitment Shares Issued As Debt Discount
FairValueOfCommitmentSharesIssuedAsDebtDiscount
42175 usd
CY2023 OWPC Original Issue Discounts
OriginalIssueDiscounts
24000 usd
CY2023 OWPC Legal And Brokerage Fees
LegalAndBrokerageFees
13500 usd
CY2023 OWPC Debt Discount
DebtDiscount
79675 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
55539 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
24136 usd
CY2023 OWPC Debt Discount
DebtDiscount
79675 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
55539 usd
CY2023Q4 OWPC Investment Ownership Percentage
InvestmentOwnershipPercentage
0.0499 pure
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
60000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
59023 usd
CY2023 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
92486 usd
CY2022 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
85653 usd
CY2023 OWPC Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
81114 usd
CY2022 OWPC Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
19127 usd
CY2023 OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
26140 usd
CY2022 OWPC Amortization Of Beneficial Conversion Features
AmortizationOfBeneficialConversionFeatures
50753 usd
CY2023 OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
49001 usd
CY2022 OWPC Amortization Of Debt Discounts Common Stock
AmortizationOfDebtDiscountsCommonStock
106894 usd
CY2022 OWPC Amortization Of Debt Discounts Warrants
AmortizationOfDebtDiscountsWarrants
255026 usd
CY2022 OWPC Finance Cost On Equity Line Of Credit Issuances Of Series B Preferred Stock
FinanceCostOnEquityLineOfCreditIssuancesOfSeriesBPreferredStock
205005 usd
CY2022 OWPC Finance Cost On Equity Line Of Credit Issuances Of Common Stock
FinanceCostOnEquityLineOfCreditIssuancesOfCommonStock
134128 usd
CY2022 OWPC Finance Cost On Equity Line Of Credit
FinanceCostOnEquityLineOfCredit
30000 usd
CY2022 OWPC Interest On Accounts Payable
InterestOnAccountsPayable
11249 usd
CY2023 us-gaap Interest Expense
InterestExpense
308741 usd
CY2022 us-gaap Interest Expense
InterestExpense
956858 usd
CY2023 OWPC Series Convertible Preferred Stock Declared
SeriesConvertiblePreferredStockDeclared
-58891 usd
CY2022 OWPC Series Convertible Preferred Stock Declared
SeriesConvertiblePreferredStockDeclared
-38923 usd
CY2022Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79827618 shares
CY2023Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1000000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.10
CY2023Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000 usd
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
CY2023Q4 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
250000 shares
CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
18500 usd
CY2023 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
151749 usd
CY2022 OWPC Amortization Of Common Stock Options Issued For Services
AmortizationOfCommonStockOptionsIssuedForServices
164620 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
100000 shares
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.56
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
500000 shares
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.50
CY2023 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.10
CY2023 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
0.56
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
10892000 shares
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y2M26D
CY2023Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.14
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
10392000 shares
CY2023Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
0.14
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
14011650 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.25
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.29
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
9990000 usd
CY2023 OWPC Operating Loss Carryforwards Expiration
OperatingLossCarryforwardsExpiration
The net operating loss carry forwards, if not utilized, will begin to expire in 2025.
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21 pure
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2097900 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1950000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2097900 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1950000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2097900 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1950000 usd
CY2024Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
724086 usd

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