General form of registration statement for all companies including face-amount certificate companies

Security Deposits

v3.22.2.2
Security Deposits
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Security Deposits    
Security Deposits

Note 6 – Security Deposits

 

Security deposits included the following as of June 30, 2022 and December 31, 2021, respectively:

 

    June 30,     December 31,  
    2022     2021  
Utility deposits   $ 1,090     $ 1,090  
Refundable deposit on equipment purchase     50,000       50,000  
Down payment on distillation equipment     1,399,413       1,155,000  
Security deposits on leases held in Colombia     67,523       35,869  
Security deposit on office lease     14,029       14,029  
Security deposits   $ 1,532,055     $ 1,255,988  

 

 

ONE WORLD PRODUCTS, INC.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Note 8 – Security Deposits

 

Security deposits included the following as of December 31, 2021 and 2020, respectively:

 

    December 31,     December 31,  
    2021     2020  
Utility deposits   $ 1,090     $ 660  
Refundable deposit on equipment purchase     50,000       50,000  
Down payment on distillation equipment     1,155,000       -  
Security deposits on leases held in Colombia     35,869       9,960  
Security deposit on office lease     14,029       4,494  
Security deposits   $ 1,255,988     $ 65,114  

 

 

ONE WORLD PRODUCTS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS