One World Ventures Inc. (OWVI)

[Bruno2]

report 11/14/2023 for the quarterly period ended September 30, 2023

https://www.otcmarkets.com/filing/html?id=17053869&guid=ckJ-kWUD04t3dth#owvi_ex312_htm

General and administrative expenses of $792,696, for the nine months ended September 30, 2023, included a loan and accrued interest receivable impairment of $646,350. The $80,880 for the nine months ended September 30, 2022 consisted of overhead costs other than consulting fees, professional fees, and legal and accounting expenses.
The increase in operating expenses from 2022 to 2023, in addition to the impairment cost of $646,350 was due to costs associated with increased business activity.