2022 Q3 Form 10-Q Financial Statement
#000126493122000157 Filed on August 10, 2022
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 |
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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 |