Annual report pursuant to Section 13 and 15(d)

NOTE 14 - SEGMENTS

v2.4.1.9
NOTE 14 - SEGMENTS
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
NOTE 14 - SEGMENTS

 

NOTE 14 - SEGMENTS

 

The Company follows paragraph 280 of the FASB Accounting Standards Codification for disclosures about segment reporting. This Statement requires companies to report information about operating segments in interim and annual financial statements. It also requires segment disclosures about products and services, geographic areas, and major customers.

 
 2014          
    Worlds Online   MariMed   Total
             
Revenues   806   87,578   88,384
                         
Cost of sales     7,300       182,865       190,165  
                         
Gross profit   $ (6,494 )   $ (95,287 )   $ (101,781 )
                         
Expenses     6,811,352       508,158       7,319,510  
                         
Net (Loss)   $ (6,817,846 )   $ (603,445 )   $ (7,421,291 )
                         

 

                         
2013                        
                       
      WorldsOnline       MariMed       Total  
                         
Revenues     904       —         904  
                         
Cost of sales     26,285       —         26,285  
                         
Gross profit   $ (25,381 )   $ —       $ (25,381 )
                         
Expenses     510,226       —         510,226  
                         
Net (Loss)   $ (535,607 )   $ —       $ (535,607 )