Annual report pursuant to Section 13 and 15(d)

Deconsolidation of Foreign Subsidiaries (Tables)

v3.24.1.1.u2
Deconsolidation of Foreign Subsidiaries (Tables)
 12 Months Ended
Dec. 31, 2023
Deconsolidation Of Foreign Subsidiaries  
Schedule of Deconsolidated Balance sheet of Foreign Subsidiaries

FOREIGN SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

 

    December 31,  
    2023  
Assets        
         
Current assets:        
Cash   $ 1,660  
Inventory     45,791  
Other current assets     2,687  
Total current assets     50,138  
         
Other assets     226,542  
Fixed assets, net     2,346,281  
         
Total Assets   $ 2,622,961  
         
Liabilities and Stockholders' Equity (Deficit)        
         
Current liabilities:        
Accounts payable   $ 392,403  
Accrued expenses     482,587  
Notes payable     183,148  
Intercompany liability owed to OWP Ventures, Inc.     7,348,034  
Total current liabilities     8,406,172  
         
Stockholders’ Equity (Deficit):        
Accumulated (deficit)     (5,783,211 )
Total Stockholders’ Equity (Deficit)     (5,783,211 )
         
Total Liabilities and Stockholders’ Equity (Deficit)   $ 2,622,961