Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

v3.7.0.1
Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Revenue $ 1,150,719 $ 614,456
Total 1,150,719 614,456
Cost and Expenses    
Cost of Revenue 401,241 351,669
Gross Income/(Loss) 749,478 262,787
Consulting expense 15,000
Promotion & Marketing 69,469
Selling, General & Admin. 302,890 112,709
Payroll and related taxes 167,862 120,531
Total expenses 540,221 248,240
Operating income (loss) 209,257 14,547
Interest expense (102,182) (92,712)
Interest income 20,660 20,855
Warrant expense (5,154)
Loss on conversion of payable to common stock (18,278)
Unrealized loss on trading securities (71)
Unrealized gain on trading securities 702
Total other income (expense) (99,871) (76,309)
Net income (Loss) 109,386 (61,761)
Less: Net income/(loss) attributable to noncontrolling interest 141,626 38,773
Net income/(loss) attributable to Worlds Online common shareholders $ (32,240) $ (100,535)
Weighted Average Loss per share (basic and fully diluted)
Weighted Average Common Shares Outstanding 64,208,389 31,976,154