One World Products, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Nature of Business and Significant Accounting Policies (Policies)
- Nature of Business and Significant Accounting Policies (Policies) (OWP Ventures, Inc.)
Notes Tables
Notes Details

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details)

v3.19.3

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details)	Jun. 30, 2019 USD ($)
Leases [Abstract]
Finance lease: Right-of-use asset	$ 278,725
Finance lease: Accumulated amortization	(19,971)
Right-of-use asset, net	258,754
Current portion of finance lease liability	38,561
Long-term finance lease liability	222,358
Total finance lease liability	$ 260,919
Weighted average remaining lease term: Operating leases	0 years
Weighted average remaining lease term: Finance leases	5 years 6 months
Weighted average discount rate: Operating leases	0.00%
Weighted average discount rate: Finance leases	6.75%

- Definition

Finance lease: Accumulated amortization.

+ References

No definition available.

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- Definition

Finance lease: Right-of-use asset.

+ References

No definition available.

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- Definition

Present value of lessee's discounted obligation for lease payments from finance lease.

+ References

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-Publisher FASB
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Present value of lessee's discounted obligation for lease payments from finance lease, classified as current.

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- Definition

Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent.

+ References

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Amount of lessee's right to use underlying asset under finance lease.

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Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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