Statements of Cash Flows (Unaudited) (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Statement of Cash Flows [Abstract] | |||
Net (loss) | $ (7,421,291)us-gaap_NetIncomeLoss | $ (535,607)us-gaap_NetIncomeLoss | |
Net loss attributed to noncontrolling interest | (242,909)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest | ||
Loss on extinguishment of Debt | 19,078world_LossOnExtinguishmentOfDebt | ||
Goodwill impariment loss | 6,524,054world_GoodwillImparimentLoss | ||
Amortization of intangible asset | 20,000us-gaap_AmortizationOfIntangibleAssets | ||
Realized gain on trading securities | (5,404)us-gaap_GainLossOnInvestments | (6,684)us-gaap_GainLossOnInvestments | |
Unrealized loss on trading securities | 10,355us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInOtherIncome | 2,696us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInOtherIncome | |
Unrealized gain on trading securities | (343)us-gaap_NetRealizedOrUnrealizedGainLossOnTradingSecurities | (18,550)us-gaap_NetRealizedOrUnrealizedGainLossOnTradingSecurities | |
Common stock issued for services rendered | 94,000us-gaap_ShareBasedCompensation | 164,000us-gaap_ShareBasedCompensation | |
Fair value of stock options issued to Directors | 35,999us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue | 3,198us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue | |
Accounts receivable | (50,078)us-gaap_IncreaseDecreaseInAccountsReceivable | ||
Due from related party | (9,486)us-gaap_IncreaseDecreaseInDueFromRelatedParties | ||
Other current assets | (500)us-gaap_IncreaseDecreaseInOtherCurrentAssets | ||
Deposits | (225,898)us-gaap_IncreaseDecreaseInDeposits | ||
Acounts payable and accrued expenses | 507,057us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 289,034us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | |
Accounts payable related party | (302,580)us-gaap_IncreaseDecreaseInDueToRelatedParties | ||
Other payable | 225,000us-gaap_IncreaseDecreaseInOtherAccountsPayable | ||
Net cash (used in) operating activities: | (692,537)us-gaap_NetCashProvidedByUsedInOperatingActivities | (10,653)us-gaap_NetCashProvidedByUsedInOperatingActivities | |
Cash used for trading securities | (3,077)world_CashUsedForTradingSecurities | ||
Proceeds from sales of trading securities | 23,004us-gaap_ProceedsFromPaymentsForTradingSecurities | 9,922us-gaap_ProceedsFromPaymentsForTradingSecurities | |
Purchase of website | (400,000)world_LicensesAndDomainNamePurchasedWebsite | ||
Purchase of properties | (2,666)us-gaap_PaymentsToAcquireProductiveAssets | ||
Net cash provided by investing activities: | (379,662)us-gaap_NetCashProvidedByUsedInInvestingActivities | 10,607us-gaap_NetCashProvidedByUsedInInvestingActivities | |
Proceeds from due to related parties | 1,930us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties | ||
Proceeds from convertible notes payable | 2,050,000world_IssuanceOfConvertibleNotesPayable | ||
Net cash provided by financing activities | 2,051,930us-gaap_NetCashProvidedByUsedInFinancingActivities | ||
Net increase/(decrease) in cash and cash equivalents | 979,731us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (46)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | |
Cash and cash equivalents beginning of period | 8,538us-gaap_CashAndCashEquivalentsAtCarryingValue | 8,585us-gaap_CashAndCashEquivalentsAtCarryingValue | |
Cash and cash equivalents end of period | 998,268us-gaap_CashAndCashEquivalentsAtCarryingValue | 8,538us-gaap_CashAndCashEquivalentsAtCarryingValue | 8,585us-gaap_CashAndCashEquivalentsAtCarryingValue |
Common stock issued for accrued expenses | 10,750us-gaap_StockIssuedDuringPeriodValueOther | 33,382us-gaap_StockIssuedDuringPeriodValueOther | |
Interest | |||
Income taxes | |||
Issurance of common stock | 5,911,534world_IssuranceOfCommonStock | ||
Issuance of option -1 | 569,682world_IssuanceOfOption1 | ||
Assuming of liabilities-1 | 1,832,020world_AssumingOfLiabilities1 | ||
Intangible asset | (391,111)world_IntangibleAsset | ||
Other asset | (162,997)world_OtherAsset | ||
Goodwill (1) | (6,515,990)world_Goodwill1 | ||
Non-controllling interest | (32,448)world_NoncontrolllingInterest | ||
Cash Acquired | $ 1,210,690world_CashAcquired |
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the amount of the total change in unrealized (holding) gains or losses for the period which are included in the statement of income (or changes in net assets) in other income. Such unrealized (holding) gains or losses relate to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). No definition available.
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other obligations due by the reporting entity that are payable within one year (or one business cycle), not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the realized and unrealized net gain (loss) on trading securities during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with collection, whether partial or full, of long-term loans to a related party. Alternate caption: Proceeds from Advances to Affiliates. No definition available.
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- Definition
Amount of cash inflow (outflow) from sales and purchases of trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. No definition available.
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Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed. No definition available.
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