One World Products, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

Nature of Business and Significant Accounting Policies (Details Narrative)

v3.24.2.u1

Nature of Business and Significant Accounting Policies (Details Narrative) - USD ($)			3 Months Ended			6 Months Ended		12 Months Ended
	May 15, 2024	Feb. 21, 2019	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Apr. 19, 2024
Loss on deconsolidation of foreign subsidiaries			$ 122,600			$ 220,272		$ 1,564,823
Purchase price of license fair value						75,000
FDIC insured amount			250,000			250,000
Cash uninsured amount			$ 127,434			$ 127,434
Exercise price per share			$ 0.18			$ 0.18
Prefunded Warrant [Member]
Prefunded warrant									8,666,667
Common Stock [Member]
Exercise price per share									$ 0.00001
Petalo Pharmaceutical, S.A.S [Member]
Purchase price of license fair value	$ 75,000
Merger Agreement [Member]
Share based payment award shares purchased		825,000
Share price		$ 0.50
Merger Agreement [Member] \| OWP Ventures, Inc. [Member]
Business acquisition, equity interest issued or issuable, number of shares		39,475,398
Share based payment award shares purchased		825,000
Share price		$ 0.50
Proceeds from convertible debt		$ 300,000
Conversion price		$ 0.424
Common stock shares cancelled		875,000
Payments for custom clearance					$ 1,400,000

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Number of shares of equity interests issued or issuable to acquire entity.

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Amount of gain (loss) from deconsolidation of subsidiary and derecognition of group of assets constituting transfer of business or nonprofit activity, excluding conveyance of oil and gas mineral rights and transfer of good or service in contract with customer.

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