Step 1: In a medium saucepot, over medium heat, combine 1/2 cup tomato paste, 1/2 cup water, 3 tablespoons Worcestershire sauce, 2 tablespoons apple cider vinegar, 3 tablespoons honey, 3 teaspoons ground chili powder, 1/4 teaspoon smoked paprika, 1 minced garlic clove and salt and pepper to taste.
Step 2: Heat, stirring occassionally, until heated through and combined.