Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2023 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 22 – Subsequent Events
The Company evaluates events that have occurred after the balance sheet date through the date these financial statements were issued.
Related Party Debt Financing
On August 14, 2023, the Company received an advance of $6,000 from Dr. Kenneth Perego, II, M.D., our Vice Chairman of the Board pursuant to an unsecured promissory note due on demand that carries a 6% interest rate.
Debt Financing
On August 18, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued a Secured Promissory Note in the amount of $35,000 to LDL8 Consulting, LLC, for a deposit on the purchase of equipment from another vendor. The Secured Promissory Note is secured by all of the Company’s assets, carries a 10% interest rate and is due on August 18, 2024. In the event of default, the interest rate increases to 25% until repayment.
Series B Preferred Stock Conversion
On July 7, 2023, a shareholder converted 13,667 shares of Series B Preferred Stock into 1,366,700 shares of common stock. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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