| Operating segments |
| |
|
Fiscal Year Ended |
| |
|
December 31, |
|
December 31, |
| |
|
2016 |
|
2015 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
618 |
|
|
$ |
798 |
|
| MariMed |
|
|
3,563,502 |
|
|
|
1,326,003 |
|
| Consolidated revenues |
|
$ |
3,564,120 |
|
|
$ |
1,270,176 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
265,746 |
|
|
|
1,206,,003 |
|
| Depreciation and amortization |
|
$ |
265,746 |
|
|
$ |
1,206,003 |
|
| |
|
|
|
|
|
|
|
|
| Income/(Loss) before taxes |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
(589,823 |
) |
|
$ |
(600,378 |
) |
| MariMed |
|
|
910,988 |
|
|
|
(1,246,525 |
) |
| Income/(Loss) before taxes |
|
$ |
321,165 |
|
|
$ |
(1,846,903 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
3,364,070 |
|
|
|
3,048,776 |
|
| Combined capital expenditures |
|
$ |
3,364,070 |
|
|
$ |
3,048,776 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
709 |
|
|
$ |
40,935 |
|
| MariMed |
|
|
8,562,392 |
|
|
|
3,676,798 |
|
| Combined assets |
|
$ |
8,563,101 |
|
|
$ |
3,717,733 |
|
|