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

Fixed Assets (OWP Ventures, Inc.)

v3.19.3
Fixed Assets (OWP Ventures, Inc.)
 6 Months Ended 9 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at June 30, 2019 and December 31, 2018, respectively:

 

    June 30, 2019     December 31, 2018  
Land   $ 179,731     $ -  
Office equipment     23,469       18,314  
Furniture and fixtures     32,216       23,595  
Software     17,654       -  
Equipment and machinery    

310,919

       -  
Construction in progress     156,909       316,491  
      720,898       358,400  
Less: accumulated depreciation     (6,966 )     (1,961 )
Total   $ 713,932     $ 356,439  

 

Construction in progress consists of equipment and capital improvements on the Popayán farm that have not yet been placed in service.

 

Depreciation and amortization expense totaled $5,005 and $103 for the six months ended June 30, 2019 and June 30, 2018, respectively.

  
OWP Ventures, Inc. [Member]    
Fixed Assets  

Note 9 – Fixed Assets

 

Fixed assets consist of the following at December 31, 2018:

 

    December 31,  
    2018  
Office equipment   $ 18,314  
Furniture and fixtures     23,595  
Construction in progress     316,491  
      358,400  
Less: accumulated depreciation     (1,961 )
Total   $ 356,439  

 

Construction in progress consists of equipment and capital improvements on the Popayán farm that have not yet been placed in service.

 

Depreciation and amortization expense totaled $1,961 for the year ended December 31, 2018.