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

Security Deposits

v3.23.4
Security Deposits
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Security Deposits    
Security Deposits

Note 8 – Security Deposits

 

Security deposits included the following as of September 30, 2023 and December 31, 2022, respectively:

 

    September 30,     December 31,  
    2023     2022  
Refundable deposit on equipment purchase   $ 85,000     $ 50,000  
Down payment on distillation equipment     -       1,399,413  
Security deposits on leases held in Colombia     -       395  
Security deposits   $ 85,000     $ 1,449,808  

 

 

ONE WORLD PRODUCTS, INC.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

Note 9 – Security Deposits

 

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

 

    December 31,     December 31,  
    2022     2021  
Utility deposits   $ -     $ 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     395       35,869  
Security deposit on office lease     -       14,029  
Security deposits   $ 1,449,808     $ 1,255,988  

 

 

ONE WORLD PRODUCTS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS