| Operating segments |
| |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2016 |
|
2015 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
510 |
|
|
$ |
806 |
|
| MariMed |
|
|
2,134,935 |
|
|
|
542,774 |
|
| Consolidated revenues |
|
$ |
2,135,445 |
|
|
$ |
543,580 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
166,108 |
|
|
|
20,000 |
|
| Depreciation and amortization |
|
$ |
166,108 |
|
|
$ |
20,000 |
|
| |
|
|
|
|
|
|
|
|
| Profit/(Loss) before taxes |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
(355,058 |
) |
|
$ |
(487,773 |
) |
| MariMed |
|
|
327,637 |
|
|
|
(299,213 |
) |
| Profit/(Loss) before taxes |
|
$ |
(27,421 |
) |
|
$ |
(786,986 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
3,346,355 |
|
|
|
2,500,249 |
|
| Combined capital expenditures |
|
$ |
3,346,355 |
|
|
$ |
2,500,249 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
9,137 |
|
|
$ |
51,996 |
|
| MariMed |
|
|
7,687,828 |
|
|
|
4,202,078 |
|
| Combined assets |
|
$ |
7,696,965 |
|
|
$ |
4,254,074 |
|
|