Quarterly report pursuant to Section 13 or 15(d)

NOTE 12 - SEGMENTS

v3.3.0.814
NOTE 12 - SEGMENTS
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
NOTE 12 - SEGMENTS

NOTE 12 – 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. 

 

2015            
    Worlds Online   MariMed   Total
             
Revenues & other income   731   548,435   549,166
                         
Cost of sales     8,800       246,049       254,849  
                         
Gross profit/(Loss)   $ (8,069)     $ 302,386     $ 294,317  
                         
Expenses     479,704       601,601       1,081,304  
                         
Net (Loss)   $ (487,773 )   $ (299,214 )   $ (786,987 )
                         

 

2014                        
      Worlds Online       MariMed       Total  
                         
Revenues     677       —         677  
                         
Cost of sales     7,300       —         7,300  
                         
Gross (loss)   $ (6,623 )   $ —       $ (6,623 )
                         
Expenses     6,888,829       —         6,888,829  
                         
Net (Loss)   $ (6,895,452 )   $ —       $ (6,895,452 )