2022 Q3 Form 10-Q Financial Statement

#000126493122000157 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $47.30K $140.9K $123.3K
YoY Change -77.3% -75.11% -65.03%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $47.30K $140.9K $123.3K
YoY Change -77.3% -75.11% -65.03%
Operating Profit -$100.4K -$208.6K -$123.3K
YoY Change -51.8% -68.8% -65.03%
Interest Expense $19.13K $18.92K -$15.55K
YoY Change -84.83% 0.0% -34.03%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $20.58K $14.82K -$138.9K
YoY Change -125.02% -77.14% -63.09%
Income Tax
% Of Pretax Income
Net Earnings $20.58K $14.82K -$138.9K
YoY Change -125.02% -77.13% -63.09%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $360.30 $259.50 -$2.432K
COMMON SHARES
Basic Shares Outstanding 57.11M shares 57.11M shares
Diluted Shares Outstanding 57.11M shares 57.11M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.00K $36.97K $44.42K
YoY Change -83.05% -94.29% -90.64%
Cash & Equivalents $58.00K $36.97K $44.42K
Short-Term Investments
Other Short-Term Assets $8.222K $8.222K $8.222K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $66.22K $45.20K $52.64K
YoY Change -80.65% -94.81% -88.91%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $242.1K $238.5K $231.5K
YoY Change 6.23% 6.54%
TOTAL ASSETS
Total Short-Term Assets $66.22K $45.20K $52.64K
Total Long-Term Assets $242.1K $238.5K $231.5K
Total Assets $308.3K $283.7K $284.1K
YoY Change -45.92% -67.44% -58.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $807.1K $827.9K $975.3K
YoY Change -28.82% -2.31% -0.68%
Accrued Expenses $1.564M $1.559M $1.546M
YoY Change 0.67% -24.98% -3.74%
Deferred Revenue
YoY Change
Short-Term Debt $773.3K $773.3K $773.3K
YoY Change 0.0% 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.145M $3.161M $3.295M
YoY Change -9.14% -14.57% -1.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.145M $3.161M $3.295M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.145M $3.161M $3.295M
YoY Change -9.14% -14.57% -1.98%
SHAREHOLDERS EQUITY
Retained Earnings -$46.49M -$46.51M -$45.79M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.837M -$2.877M -$3.011M
YoY Change
Total Liabilities & Shareholders Equity $308.3K $283.7K $284.1K
YoY Change -45.92% -67.44% -58.94%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $20.58K $14.82K -$138.9K
YoY Change -125.02% -77.13% -63.09%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$112.0K -$262.5K -$294.2K
YoY Change -74.73% -28.26% -5.76%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $992.4K
YoY Change -7073.93%
Cash From Investing Activities $992.4K
YoY Change -7073.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 133.0K 599.1K
YoY Change -3.69% 39.26%
NET CHANGE
Cash From Operating Activities -112.0K -262.5K -294.2K
Cash From Investing Activities 992.4K
Cash From Financing Activities 133.0K 599.1K
Net Change In Cash 21.03K 336.6K 698.2K
YoY Change -106.9% 423.2% -321.07%
FREE CASH FLOW
Cash From Operating Activities -$112.0K -$262.5K -$294.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000001961
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
usd
CY2022Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
usd
WDDD Loss On Issuance Of Shares For Services
LossOnIssuanceOfSharesForServices
usd
CY2022Q2 WDDD Loss On Issuance Of Shares For Services
LossOnIssuanceOfSharesForServices
usd
CY2021Q2 WDDD Loss On Issuance Of Shares For Services
LossOnIssuanceOfSharesForServices
usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-24115
dei Entity Registrant Name
EntityRegistrantName
WORLDS INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
22-1848316
dei Entity Address Address Line1
EntityAddressAddressLine1
11 Royal Road
dei Entity Address City Or Town
EntityAddressCityOrTown
Brookline
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02445
dei City Area Code
CityAreaCode
(617)
dei Local Phone Number
LocalPhoneNumber
725-8900
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
57112506 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36973 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44421 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
8222 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8222 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
45195 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
52643 usd
CY2022Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
200000 usd
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
200000 usd
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
38500 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
31461 usd
CY2022Q2 us-gaap Assets
Assets
283695 usd
CY2021Q4 us-gaap Assets
Assets
284104 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
827910 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
975255 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1559420 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1546480 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
773279 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
773279 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3160609 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3295014 usd
CY2022Q2 us-gaap Liabilities
Liabilities
3160609 usd
CY2021Q4 us-gaap Liabilities
Liabilities
3295014 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57112506 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57112506 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57112506 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57112506 shares
CY2022Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
57113 usd
CY2021Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
57113 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42372656 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
41513730 usd
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1206913 usd
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1206913 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-46513596 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45788666 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2876914 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-3010910 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
283695 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
284104 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
821296 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
109874 usd
CY2022Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
15904 usd
CY2021Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
51692 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
377530 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1319571 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
140905 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
566137 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
101649 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
104065 usd
CY2022Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
51755 usd
CY2021Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
50709 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-3010910 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
821296 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1300475 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1533510 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-208563 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-668538 usd
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
37630 usd
us-gaap Net Income Loss
NetIncomeLoss
-724930 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2876914 usd
us-gaap Net Income Loss
NetIncomeLoss
-724930 usd
us-gaap Net Income Loss
NetIncomeLoss
-393040 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
821296 usd
us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
606136 usd
us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
864926 usd
CY2022Q2 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
238767 usd
CY2021Q2 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
433735 usd
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
315000 usd
CY2021Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
315000 usd
WDDD Loss On Issuance Of Shares For Services
LossOnIssuanceOfSharesForServices
-8685 usd
us-gaap Interest Income Operating
InterestIncomeOperating
7039 usd
us-gaap Interest Income Operating
InterestIncomeOperating
7039 usd
CY2022Q2 us-gaap Interest Income Operating
InterestIncomeOperating
3539 usd
CY2021Q2 us-gaap Interest Income Operating
InterestIncomeOperating
3539 usd
us-gaap Interest Expense
InterestExpense
37630 usd
us-gaap Interest Expense
InterestExpense
37810 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
18919 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
18919 usd
us-gaap Net Income Loss
NetIncomeLoss
-724930 usd
us-gaap Net Income Loss
NetIncomeLoss
-393040 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
14823 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
64817 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57112506 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57031920 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57112506 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57112506 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-2669888 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
109874 usd
WDDD Common Stock Issued For Settlement Of Accounts Payable Related Party1
CommonStockIssuedForSettlementOfAccountsPayableRelatedParty1
70810 usd
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
16401 usd
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
37810 usd
us-gaap Net Income Loss
NetIncomeLoss
-393040 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-2828033 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
109874 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
8685 usd
us-gaap Increase Decrease In Marketable Securities Restricted
IncreaseDecreaseInMarketableSecuritiesRestricted
-606136 usd
us-gaap Increase Decrease In Marketable Securities Restricted
IncreaseDecreaseInMarketableSecuritiesRestricted
-864926 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
37630 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
37810 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-134405 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
416237 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-606544 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-685359 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
606136 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
864926 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7039 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7039 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
599097 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
857887 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-7448 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
172528 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44421 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
474587 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36973 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
647115 usd
us-gaap Stock Issued1
StockIssued1
62125 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
16401 usd
WDDD Working Capital Deficiency
WorkingCapitalDeficiency
2876914 usd
WDDD Stockholders Deficiency
StockholdersDeficiency
2876914 usd
WDDD Cash In Operations Deficiency
CashInOperationsDeficiency
606544 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
142 pure
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zwzrSNXfnkob" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Use of Estimates</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. </p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p id="xdx_84E_eus-gaap--RevenueRecognitionAllowances_zR0ic4Znwi82" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Revenue Recognition</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective January 1, 2018, the Company adopted ASC 606. There was no impact in adopting ASC 606 as the Company has no revenue at this time. In the second quarter of 2011, the Company spun off its online businesses to MariMed Inc. The Company’s sources of revenue after the spinoff was expected to be from sublicenses of the patented technology by Worlds Online and any revenue that may be generated from enforcing its patents. Commencing in the first half of 2022, the Company expects that its revenues will come from its expansion of its legacy celebrity worlds and its collection of non-fungible tokens. The Company recognizes revenue by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
50%
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
773279 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
773279 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
27620000 shares
CY2021Q2 WDDD Warrant Or Right Outstanding
WarrantOrRightOutstanding
4380000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11720000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4380000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.05
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
0.05
CY2022Q2 WDDD Options Expected Life
OptionsExpectedLife
5
CY2022Q2 WDDD Options Vest Period
OptionsVestPeriod
6 interger
CY2022Q1 WDDD Options Repriced
OptionsRepriced
900000 shares
WDDD Option Expense1
OptionExpense1
38444 usd
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
297673 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
70810 usd
WDDD Loss On Shares Issued
LossOnSharesIssued
8685 usd
CY2001Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
205000 usd
CY2022Q2 us-gaap Litigation Reserve
LitigationReserve
205000 usd
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
205000 usd
us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<p id="xdx_849_eus-gaap--DerivativesEmbeddedDerivatives_zg3SzM8lWRhl" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Embedded Conversion Features </b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion features within convertible debt under ASC 815 “Derivatives and Hedging” to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 “Debt with Conversion and Other Options” for consideration of any beneficial conversion feature.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
109874 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
821296 usd
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p id="xdx_849_eus-gaap--DerivativesReportingOfDerivativeActivity_zLPjhiDR1hbf" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Derivative Financial Instruments</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.   </p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt"><b> </b></p>
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
124230000 usd
CY2022Q2 WDDD Convertible Notes Payable1
ConvertibleNotesPayable1
649049000 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
773279 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
773279 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
-0 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
-0 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
-0 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
-0 usd
CY2022Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
18919 usd
CY2018Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
5 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
15900000 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
300000 shares
WDDD Option Expense
OptionExpense
31108 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
1.37 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2018Q3 WDDD Terms Of Employment Agreement
TermsOfEmploymentAgreement
5
CY2018Q3 WDDD Terms Of Employment Agreement Renewal Option
TermsOfEmploymentAgreementRenewalOption
1
CY2018Q3 WDDD Officer Base Salary
OfficerBaseSalary
200000 usd
CY2018Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.10 pure
CY2018Q3 WDDD Car Allowance
CarAllowance
500 usd
CY2018Q3 WDDD Annua Bonus
AnnuaBonus
0.025 pure
CY2018Q3 WDDD Additional Bonus
AdditionalBonus
75000 usd
CY2018Q3 WDDD Pretax Income Range Lower
PretaxIncomeRangeLower
1.50
CY2018Q3 WDDD Pretax Income Range Higher
PretaxIncomeRangeHigher
200
CY2018Q3 WDDD Additional Bonus Exceed
AdditionalBonusExceed
0.05 pure
CY2018Q3 us-gaap Life Settlement Contracts Investment Method Five Year Disclosure Premiums To Be Paid
LifeSettlementContractsInvestmentMethodFiveYearDisclosurePremiumsToBePaid
10000 usd
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
5000000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.25
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2000000 shares
CY2019Q3 WDDD Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber1
1500000 shares
CY2020Q3 WDDD Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber1
1500000 shares
CY2018Q3 us-gaap Life Settlement Contracts Fair Value Method Face Value
LifeSettlementContractsFairValueMethodFaceValue
2000000 usd
CY2018Q3 WDDD Payment Amount Based
PaymentAmountBased
2.99 pure
CY2018Q3 WDDD Restrictive Convenants Amount
RestrictiveConvenantsAmount
12 interger
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
297673 shares
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
70810 usd
WDDD Loss On Shares Issued
LossOnSharesIssued
8685 usd
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
16401 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
46438 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
33899 usd
us-gaap Revenue Recognition Services Licensing Fees
RevenueRecognitionServicesLicensingFees
<p id="xdx_80F_eus-gaap--RevenueRecognitionServicesLicensingFees_z4f5enIuujEj" style="font: 11pt/15.95pt Times New Roman, Times, Serif; margin: 0 0 10pt"><b>NOTE 7 - <span id="xdx_822_zbBN3W0GEK83">PATENTS</span></b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Worlds Inc. currently has <span id="xdx_90E_ecustom--NumberOfPatents_dc_uInterger_c20220101__20220630_zlOh3r1NOfOj" title="Patents">nine </span>patents, <span id="xdx_90F_ecustom--PatentNumberOne_uInterger_c20220101__20220630_z1JgLstSJjP6" title="Patent number one">6,219,045</span> - <span id="xdx_900_ecustom--PatentNumberTwo_uInterger_c20220101__20220630_z6Qz5FneHdl2" title="Patent number two">7,181,690 </span>- <span id="xdx_902_ecustom--PatentNumberThree_uInterger_c20220101__20220630_zLf4lVg03uHg" title="Patent number three">7,493,558</span> – <span id="xdx_906_ecustom--PatentNumberFour_uInterger_c20220101__20220630_zLHVebWGmBV7" title="Patent number four">7,945,856</span>, - <span id="xdx_903_ecustom--PatentNumberFive_uInterger_c20220101__20220630_zPwe5HENefq7" title="Patent number five">8,082,501</span>, – <span id="xdx_90F_ecustom--PatentNumberSix_uInterger_c20220101__20220630_z2gyYeA9BzVb" title="Patent number six">8,145,998</span><span id="xdx_904_ecustom--PatentNumberSeven_uInterger_c20220101__20220630_ze1dhSrJZPM6" title="Patent number seven">8,161,383</span>, – <span id="xdx_90A_ecustom--PatentNumberEight_uInterger_c20220101__20220630_zgsZWe42sAk3" title="Patent number eight">8,407,592</span> and <span id="xdx_90E_ecustom--PatentNumberNine_uInterger_c20220101__20220630_zC3wao52vZRl" title="Patent number nine">8,640,028</span>.</p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt/106% Times New Roman, Times, Serif; margin: 0 0 8pt"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
WDDD Number Of Patents
NumberOfPatents
9 interger
WDDD Patent Number One
PatentNumberOne
6219045 interger
WDDD Patent Number Two
PatentNumberTwo
7181690 interger
WDDD Patent Number Three
PatentNumberThree
7493558 interger
WDDD Patent Number Four
PatentNumberFour
7945856 interger
WDDD Patent Number Five
PatentNumberFive
8082501 interger
WDDD Patent Number Six
PatentNumberSix
8145998 interger
WDDD Patent Number Seven
PatentNumberSeven
8161383 interger
WDDD Patent Number Eight
PatentNumberEight
8407592 interger
WDDD Patent Number Nine
PatentNumberNine
8640028 interger
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
46438 usd
CY2001Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
205000 usd
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1305009 usd
CY2022Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2972 usd
CY2022Q2 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
200000 usd
CY2022Q2 us-gaap Investment Interest Rate
InvestmentInterestRate
7 pure
WDDD Maturity Terms
MaturityTerms
2
CY2022Q2 WDDD Warrants
Warrants
1000000 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.05
CY2022Q2 us-gaap Interest Receivable Noncurrent
InterestReceivableNoncurrent
38500 usd
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
29303395 shares
us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
0.008139
CY2022Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.01 pure
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
7039 usd
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
7039 usd
CY2011Q1 WDDD Retained Shares
RetainedShares
5936115 shares
WDDD Retained Shares Own Value
RetainedSharesOwnValue
0 usd
us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
606136 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
900000 shares
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.70
us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
864926 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1095000 shares
CY2020Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
100000 shares
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.79
CY2022Q2 WDDD Retained Shares Own
RetainedSharesOwn
850000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
usd

Files In Submission

Name View Source Status
0001264931-22-000157-index-headers.html Edgar Link pending
0001264931-22-000157-index.html Edgar Link pending
0001264931-22-000157.txt Edgar Link pending
0001264931-22-000157-xbrl.zip Edgar Link pending
ex31_1.htm Edgar Link pending
ex31_2.htm Edgar Link pending
ex32_1.htm Edgar Link pending
ex32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wddd-20220630.xsd Edgar Link pending
wddd10q222.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
wddd-20220630_lab.xml Edgar Link unprocessable
wddd-20220630_def.xml Edgar Link unprocessable
wddd-20220630_pre.xml Edgar Link unprocessable
wddd10q222_htm.xml Edgar Link completed
wddd-20220630_cal.xml Edgar Link unprocessable