Quarterly report pursuant to Section 13 or 15(d)

NOTE 11 - SEGMENT REPORTING

v3.5.0.2
NOTE 11 - SEGMENT REPORTING
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
NOTE 11 - SEGMENT REPORTING

NOTE 11 – 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.

    Three Months Ended
    March 31,   March 31,
    2016   2015
 Revenues:                
 Worlds Online   $ 213     $ 503  
 MariMed     614,243       95,732  
 Consolidated revenues   $ 614,456     $ 96,235  
                 
 Depreciation and amortization:                
Worlds Online   $ —       $ —    
 MariMed     35,439       6,667  
 Depreciation and amortization   $ 35,439     $ 6,667  
                 
 Profit/(Loss) before taxes                
 Worlds Online   $ (132,521 )   $ (112,179 )
 MariMed     70,759       (206,776 )
 Profit/(Loss) before taxes   $ (61,762 )   $ (318,956 )

 

Capital Expenditures:

               
 Worlds Online   $ —       $ —    
 MariMed     990,504       1,407,978  
 Combined capital expenditures   $ 990,504     $ 1,407,978  
                 
 Assets:                
 Worlds Online   $ 20,311     $ 32,605  
 MariMed     5,368,004       3,685,128  
   Combined assets   $ 5,388,315     $ 3,717,733