One World Products, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Nature of Business and Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Related Party Transactions (Details Narrative)

v3.24.1.1.u2

Related Party Transactions (Details Narrative)	12 Months Ended
Related Party Transactions (Details Narrative)	Dec. 31, 2023 USD ($) shares
Three Corporate Officers [Member]
Related Party Transaction [Line Items]
Other Liabilities	$ 639,750
Isiah Thomas III [Member]
Related Party Transaction [Line Items]
Other Liabilities	430,000
Timothy Woods [Member]
Related Party Transaction [Line Items]
Other Liabilities	168,750
Mr Joerg Sommer [Member]
Related Party Transaction [Line Items]
Other Liabilities	41,000
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	240,000
Proceeds from Issuance or Sale of Equity	$ 5,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period \| shares	1,500,000
Accrued Bonuses	$ 380,000
Mr Joerg Sommer [Member] \| Closing of Qualified Offering [Member]
Related Party Transaction [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period \| shares	1,500,000
Mr Joerg Sommer [Member] \| Raising Two Million [Member]
Related Party Transaction [Line Items]
Accrued Bonuses	$ 200,000
Mr Joerg Sommer [Member] \| Raising an Additional One Million [Member]
Related Party Transaction [Line Items]
Accrued Bonuses	80,000
Mr Joerg Sommer [Member] \| Raising an Additional One Million 1 [Member]
Related Party Transaction [Line Items]
Accrued Bonuses	60,000
Mr Joerg Sommer [Member] \| Raising an Additional One Million 2 [Member]
Related Party Transaction [Line Items]
Accrued Bonuses	40,000
Dr.Kenneth Perego II [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Other Liabilities	17,782
Mr Joerg Sommer [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Other Liabilities	$ 15,208

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements.

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