2023 Q1 Form 10-K Financial Statement
#000126493123000006 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | $0.00 | ||
YoY Change | |||
Gross Profit | $0.00 | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $25.72K | $924.8K | $1.298M |
YoY Change | -91.02% | 649.79% | -26.07% |
% of Gross Profit | |||
Research & Development | $0.00 | ||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $11.57K | $924.8K | $1.298M |
YoY Change | -95.96% | 649.79% | -26.07% |
Operating Profit | -$79.83K | -$924.8K | -$1.504M |
YoY Change | -72.14% | 649.79% | -14.34% |
Interest Expense | $18.71K | $843.0K | $75.88K |
YoY Change | -104.13% | -5520.9% | -90.82% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$29.51K | -$331.1K | -$1.035M |
YoY Change | -96.01% | 138.38% | 68.59% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$29.51K | -$331.1K | -$1.035M |
YoY Change | -96.01% | 138.38% | 68.59% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | -$0.02 | |
Diluted Earnings Per Share | $0.00 | -$0.01 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 57.11M shares | 57.11M shares | 57.11M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $80.68K | $7.780K | $7.780K |
YoY Change | 25.65% | -82.49% | -82.49% |
Cash & Equivalents | $80.68K | $7.778K | $7.780K |
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | ||
YoY Change | -100.0% | ||
Inventory | |||
Prepaid Expenses | $0.00 | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $80.68K | $7.778K | $7.780K |
YoY Change | 11.38% | -85.23% | -85.22% |
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 | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $80.68K | $7.778K | $7.780K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $80.68K | $7.778K | $7.780K |
YoY Change | -73.75% | -97.26% | -97.26% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $800.4K | $797.9K | $797.9K |
YoY Change | -11.48% | -18.18% | -18.18% |
Accrued Expenses | $1.716M | $1.661M | $1.661M |
YoY Change | 10.24% | 7.4% | 7.4% |
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 | $45.00K | ||
YoY Change | |||
Total Short-Term Liabilities | $3.335M | $3.232M | $3.232M |
YoY Change | 3.11% | -1.91% | -1.91% |
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 | $3.335M | $3.232M | $3.232M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.335M | $3.232M | $3.232M |
YoY Change | 3.11% | -1.91% | -1.91% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $46.85M | $46.82M | |
YoY Change | -202.26% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$3.254M | -$3.224M | -$3.224M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $80.68K | $7.778K | $7.780K |
YoY Change | -73.75% | -97.26% | -97.26% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$29.51K | -$331.1K | -$1.035M |
YoY Change | -96.01% | 138.38% | 68.59% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$41.14K | -$111.5K | -$830.0K |
YoY Change | -88.04% | -62.1% | -41.65% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $69.04K | $793.4K | $793.4K |
YoY Change | -81.03% | -20.05% | -20.05% |
Cash From Investing Activities | $69.04K | $793.4K | $793.4K |
YoY Change | -81.03% | -20.05% | -20.05% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $45.00K | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -$41.14K | -111.5K | -$830.0K |
Cash From Investing Activities | $69.04K | 793.4K | $793.4K |
Cash From Financing Activities | $45.00K | ||
Net Change In Cash | $72.90K | 681.9K | -$36.64K |
YoY Change | 268.35% | -2.33% | -91.48% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$41.14K | -$111.5K | -$830.0K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1422560 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-14194 | usd |
CY2022 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
793391 | usd |
CY2021 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
1006588 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
793391 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
992394 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36643 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-430166 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44421 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
474587 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7778 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44421 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
62125 | usd |
CY2021 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
14401 | usd |
CY2022 | WDDD |
Working Capital Deficiency Going Concern
WorkingCapitalDeficiencyGoingConcern
|
3148459 | usd |
CY2022 | WDDD |
Stockholders Deficiency Going Concern
StockholdersDeficiencyGoingConcern
|
3148459 | usd |
CY2022 | WDDD |
Cash In Operations Going Concern
CashInOperationsGoingConcern
|
830034 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_zltD6ZesgFXk" 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: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
|
0 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
|
0 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
773279 | usd |
CY2022 | WDDD |
Assets Range Useful Lives
AssetsRangeUsefulLives
|
three to five years | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.50 | pure |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
773279 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
773279 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
22400000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
11720000 | shares |
CY2001Q2 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
205000 | usd |
CY2021Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
205000 | usd |
CY2022Q1 | us-gaap |
Legal Fees
LegalFees
|
17780 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
124230 | usd |
CY2022Q4 | WDDD |
Convertible Notes Payable1
ConvertibleNotesPayable1
|
649049 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
773279 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
773279 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
|
0 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
|
0 | usd |
CY2022 | us-gaap |
Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
|
<p id="xdx_842_eus-gaap--DerivativesEmbeddedDerivatives_zWIGy4EgWyJ5" 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"><b> </b></p> | |
CY2022 | us-gaap |
Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
|
<p id="xdx_846_eus-gaap--DerivativesReportingOfDerivativeActivity_zAERPGXLs0ei" 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: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
75883 | usd |
CY2022 | WDDD |
Stock Split Terms
StockSplitTerms
|
All common stock numbers and exercise prices in this Note are reflected on a post reverse split (5 to 1) basis. As a result of the reverse split on February 9, 2018 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
|
167 | shares |
CY2022 | 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 |
CY2022 | WDDD |
Stock Option Plan Expense1
StockOptionPlanExpense1
|
31807 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0137 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.42 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.05 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
|
0.05 | |
CY2022 | WDDD |
Directors Options Expected Life
DirectorsOptionsExpectedLife
|
P5Y | |
CY2022Q1 | WDDD |
Options Repriced
OptionsRepriced
|
900000 | shares |
CY2021 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
297673 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
70810 | usd |
CY2021 | WDDD |
Loss On Shares Issued
LossOnSharesIssued
|
8685 | usd |
CY2021 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
109874 | usd |
CY2022 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
821995 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
25800000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
25800000 | shares |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
45000000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17317788 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17317788 | usd |
CY2022 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
|
198580 | usd |
CY2021 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
|
161009 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17317788 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17292188 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17317788 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17292188 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.05 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.05 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.26 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.26 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.21 | 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 | pure |
CY2018Q3 | WDDD |
Pretax Income Range Higher
PretaxIncomeRangeHigher
|
2 | pure |
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 |
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 |
CY2022Q1 | us-gaap |
Legal Fees
LegalFees
|
17780 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
297673 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
70810 | usd |
CY2021 | WDDD |
Loss On Shares Issued
LossOnSharesIssued
|
8685 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
16401 | usd |
CY2021 | us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
9000 | usd |
CY2022 | us-gaap |
Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
|
0 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
53688 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
33899 | usd |
CY2022 | us-gaap |
Revenue Recognition Services Licensing Fees
RevenueRecognitionServicesLicensingFees
|
<p id="xdx_80C_eus-gaap--RevenueRecognitionServicesLicensingFees_zfq1ukM03z6i" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 8 - <span id="xdx_829_zcgsv3dSFKS7">PATENTS</span></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">Worlds Inc. currently has <span id="xdx_909_ecustom--NumberOfPatents_dc_uInterger_c20220101__20221231_zGo8BzHnXBf2" title="Current patents">nine</span> patents, <span id="xdx_90F_ecustom--PatentNumberOne_uInterger_c20220101__20221231_z7L8k88qbjN8" title="Patent number one">6,219,045</span> - <span id="xdx_909_ecustom--PatentNumberTwo_uInterger_c20220101__20221231_zByIQx08xPCe" title="Patent number two">7,181,690</span> - <span id="xdx_90C_ecustom--PatentNumberThree_uInterger_c20220101__20221231_zOMcEAs3VnFl" title="Patent number three">7,493,558</span> – <span id="xdx_90E_ecustom--PatentNumberFour_uInterger_c20220101__20221231_z8SIIPH5Mk56" title="Patent number four">7,945,856</span>, - <span id="xdx_90E_ecustom--PatentNumberFive_uInterger_c20220101__20221231_ztunt1m5AsDl" title="Patent number five">8,082,501</span>, – <span id="xdx_905_ecustom--PatentNumberSix_uInterger_c20220101__20221231_zx5liHySoi6a" title="Patent number six">8,145,998</span></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">– <span id="xdx_907_ecustom--PatentNumberSeven_uInterger_c20220101__20221231_z5O0Gjf5745i" title="Patent number seven">8,161,383</span>, – <span id="xdx_908_ecustom--PatentNumberEight_uInterger_c20220101__20221231_zk2oRZKnU4j1" title="Patent number eight">8,407,592</span> and <span id="xdx_902_ecustom--PatentNumberNine_uInterger_c20220101__20221231_zKeUA5r5Ifg4" title="Patent number nine"><span style="-sec-ix-hidden: xdx2ixbrl0675">8,640,028. </span></span>All of the patents have expired.</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">See Legal Proceedings section for more information on the patent infringement lawsuits.</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"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> | |
CY2022 | WDDD |
Number Of Patents
NumberOfPatents
|
9 | interger |
CY2022 | WDDD |
Patent Number One
PatentNumberOne
|
6219045 | interger |
CY2022 | WDDD |
Patent Number Two
PatentNumberTwo
|
7181690 | interger |
CY2022 | WDDD |
Patent Number Three
PatentNumberThree
|
7493558 | interger |
CY2022 | WDDD |
Patent Number Four
PatentNumberFour
|
7945856 | interger |
CY2022 | WDDD |
Patent Number Five
PatentNumberFive
|
8082501 | interger |
CY2022 | WDDD |
Patent Number Six
PatentNumberSix
|
8145998 | interger |
CY2022 | WDDD |
Patent Number Seven
PatentNumberSeven
|
8161383 | interger |
CY2022 | WDDD |
Patent Number Eight
PatentNumberEight
|
8407592 | interger |
CY2011Q1 | WDDD |
Retained Shares
RetainedShares
|
5936115 | shares |
CY2022 | WDDD |
Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments1
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments1
|
793391 | usd |
CY2022 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1200000 | shares |
CY2022Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.66 | |
CY2021 | WDDD |
Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments1
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments1
|
1006588 | usd |
CY2021 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1245000 | shares |
CY2020 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
100000 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.79 | |
CY2022Q4 | WDDD |
Retained Shares Own
RetainedSharesOwn
|
550000 | shares |
CY2022 | WDDD |
Retained Shares Own Value
RetainedSharesOwnValue
|
0 | usd |
CY2001Q2 | WDDD |
Accounts Payable And Accrued Liabilities Fair Value Disclosur1e
AccountsPayableAndAccruedLiabilitiesFairValueDisclosur1e
|
53688 | usd |
CY2001Q2 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
205000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1305009 | usd |
CY2022Q1 | us-gaap |
Legal Fees
LegalFees
|
17780 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
3572 | usd |
CY2022 | WDDD |
Convertible Note Receivable Related Party
ConvertibleNoteReceivableRelatedParty
|
<p id="xdx_808_ecustom--ConvertibleNoteReceivableRelatedParty_zd4LgUOHjIRl" style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 11 – <span id="xdx_820_zYkM9ZAugpK5">CONVERTIBLE NOTE RECEIVABLE – RELATED PARTY</span></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 made an investment in the form of a convertible note in the amount of $<span id="xdx_900_eus-gaap--DebtInstrumentCarryingAmount_iI_c20221231_zMOlceHPXIlg" title="Convertible note amount">200,000</span> to Canadian American Standard Hemp (CASH). The convertible note has a <span id="xdx_90B_eus-gaap--InvestmentInterestRate_iI_c20221231_zpHKAagbaKWc" title="Convertible note interest rate">7% </span>annual interest rate and matures in <span id="xdx_908_ecustom--MaturityTerms_uYears_c20220101__20221231_zz2YD3YFzYw" title="Convertible note maturity">2</span> years. Interest and principle is payable at maturity. The note can be converted at any time, either all or part of the amount due can be converted into the borrower’s equity. During the year ended December 31, 2020, CASH merged with Real Brands, Inc. The note was amended with a new maturity date of October 15, 2023. All other terms remained the same. As consideration for the extension, the Company received <span id="xdx_903_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_dc_c20221231_zXe6NBn0o1De" title="Warrants for extension on note">one </span>million warrants to purchase Real Brands, Inc. common stock at <span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20221231_zEiurMu4pco" title="Price per share">$0.05 </span>per share. The convertible note and accrued interest of <span id="xdx_90E_eus-gaap--InterestReceivableNoncurrent_iI_c20221231_zeCiy2L4WVEd" title="Convertible note and interest converted">$31,461 </span>can be converted into <span id="xdx_905_eus-gaap--ConversionOfStockSharesConverted1_c20220101__20221231_z1rnHB0fkZah" title="Number of shares per conversion">28,438,561 </span>shares of Real Brands common stock at a conversion price of <span id="xdx_902_eus-gaap--CommonStockConvertibleConversionPriceDecrease_c20220101__20221231_zTbiNeDEn1T5" title="Conversion price per share note conversion">$0.008139</span>. If converted into common stock, the Company would own approximately <span id="xdx_90D_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_c20221231_zDCcoewacitc">1% </span>of Real Brands Inc. Messrs. Kidrin, Toboroff and Christos are Directors of Real Brands and Mr. Kidrin is the CEO and Mr. Ryan is the CFO of Real Brands.<b> </b>Due to doubts about the collectability and the declining stock price of Real Brands Inc., the Company elected to impair the asset and recognize a loss on impairment of <span id="xdx_90F_eus-gaap--CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOtherthanTemporaryImpairmentChargesCreditLoss_c20220101__20221231_zrd1yBmAkaNa" title="Loss on impairment">$231,462</span>.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
200000 | usd |
CY2022Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.07 | pure |
CY2022 | WDDD |
Maturity Terms
MaturityTerms
|
2 | |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.05 | |
CY2022Q4 | us-gaap |
Interest Receivable Noncurrent
InterestReceivableNoncurrent
|
31461 | usd |
CY2022 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
28438561 | shares |
CY2022 | us-gaap |
Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
|
0.008139 | |
CY2022Q4 | us-gaap |
Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
|
0.01 | pure |
CY2022 | us-gaap |
Certain Loans Acquired In Transfer Accounted For As Debt Securities Otherthan Temporary Impairment Charges Credit Loss
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOtherthanTemporaryImpairmentChargesCreditLoss
|
231462 | usd |
CY2022 | us-gaap |
Nondebtor Reorganization Items Legal And Advisory Professional Fees
NondebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
|
8222 | usd |