NOTE 3 - USE OF EQUITY AS COMPENSATION  

During the year ended December 31, 2014, the Company issued an aggregate of 129,688 shares of common stock as payment for an accrued expense with an aggregate value of $10,750.

During the year ended December 31, 2013, the Company had common stock issued for services rendered in the amount of $94,000, which was issued in connection with a consulting service agreement, dated April 16, 2012, with a Consultant for software development, performing such software supervisory duties on behalf of the Company as the Company’s CEO and Board of Directors may from time to time reasonably direct, in exchange for the issuance of 400,000 shares of common stock of the Company. The agreement had a term of one year effective from April 16, 2012 ending April 15, 2013. The fair value of this stock issuance was determined using the market value of the Company’s common stock on the grant date at a price of approximately $0.57 per share. Accordingly, the Company calculated the stock based compensation of $228,000 at its fair value and booked pro rata within the relative service periods. The 400,000 shares were not issued as of December 31, 2013.

During the year ended December 31, 2013 the Company issued an aggregate of 476,884 shares of common stock as payment for an accrued expense with an aggregate value of $33,383.

During the year ended December 31, 2013, Worlds Inc. retained 5,936,115 common shares in the spin off from Worlds Inc.