Notes Payable, Related Parties | Note 11 – Notes Payable, Related Parties Notes payable, related parties, consists of the following at September 30, 2024 and December 31, 2023, respectively: Schedule of Notes Payable Related Party September 30, December 31, 2024 2023 On March 19, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 50,000 March 1, 2027 10 $ 50,000 $ - On March 15, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued an unsecured promissory note in the amount of $ 26,116 March 1, 2027 10 25,000 1,116 26,116 - On March 15, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued an unsecured promissory note in the amount of $ 1,803,398 March 1, 2027 7 840,740 750,000 90,740 962,658 850,000 112,658 1,803,398 - On March 15, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued an unsecured promissory note in the amount of $ 337,000 March 1, 2027 10 337,000 150,000 187,000 - ONE WORLD PRODUCTS, INC. Notes to Condensed Consolidated Financial Statements (Unaudited) On March 15, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., issued an unsecured promissory note in the amount of $ 27,467 March 1, 2027 10 24,500 2,967 27,467 - On March 12, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 100,000 10 101,123 100,000 1,123 - - On March 1, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 100,000 March 1, 2025 8 March 1, 2027 - - On February 26, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 27,000 10 27,414 27,000 414 - - On January 29, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 50,000 January 29, 2025 8 March 1, 2027 - - On January 11, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 10,000 10 10,279 10,000 279 - - On January 8, 2024, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 10,000 10 10,288 10,000 288 - - On November 28, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 60,000 10 62,400 60,000 2,400 - 60,000 On October 11, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 25,000 10 March 1, 2027 - 25,000 ONE WORLD PRODUCTS, INC. Notes to Condensed Consolidated Financial Statements (Unaudited) On September 11, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 52,000 10 March 1, 2027 2,650 - 52,000 On August 31, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 4,000 6 March 1, 2027 130 - 4,000 On August 14, 2023, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 6,000 6 March 1, 2027 211 - 6,000 On August 5, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 50,000 6 March 1, 2027 4,833 - 50,000 On August 2, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 4,500 6 March 1, 2027 - 4,500 On June 13, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 100,000 8 March 1, 2027 - 100,000 On July 7, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 5,000 6 March 1, 2027 507 - 5,000 On June 3, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 10,000 6 March 1, 2027 - 10,000 On May 5, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 10,000 6 March 1, 2027 - 10,000 ONE WORLD PRODUCTS, INC. Notes to Condensed Consolidated Financial Statements (Unaudited) On May 5, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 20,000 6 2,236 - 20,000 On March 1, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 400,000 8 March 1, 2027 - 400,000 On February 15, 2022, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 200,000 8 March 1, 2027 - 200,000 On December 29, 2021, the Company, through its wholly-owned subsidiary, OWP Ventures, Inc., received an advance of $ 200,000 8 March 1, 2027 35,375 - 200,000 Total notes payable, related parties 2,093,981 1,146,500 Less: unamortized debt discounts 3,861 - Notes payable, related parties, net of discounts 2,090,120 1,146,500 Less: current maturities - 1,146,500 Notes payable, related parties, long-term portion $ 2,090,120 $ - The Company recorded interest expense pursuant to the stated interest rates on the notes payable, related parties, in the amount of $ 118,599 58,804 5,978 ONE WORLD PRODUCTS, INC. Notes to Condensed Consolidated Financial Statements (Unaudited) |