| Operating segments |
| |
|
Fiscal Year Ended |
| |
|
December 31, |
|
December 31, |
| |
|
2015 |
|
2014 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
798 |
|
|
$ |
806 |
|
| MariMed |
|
|
1,326,003 |
|
|
|
87,578 |
|
| Consolidated revenues |
|
$ |
1,270,176 |
|
|
$ |
88,384 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
1,206,003 |
|
|
|
20,000 |
|
| Depreciation and amortization |
|
$ |
1,206,003 |
|
|
$ |
20,000 |
|
| |
|
|
|
|
|
|
|
|
| Loss before taxes |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
(600,378 |
) |
|
$ |
(6,817,846 |
) |
| MariMed |
|
|
(1,246,525 |
) |
|
|
(603,445 |
) |
| Loss before taxes |
|
$ |
(1,846,903 |
) |
|
$ |
(7,421,291 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
3,048,776 |
|
|
|
2,666 |
|
| Combined capital expenditures |
|
$ |
3,048,776 |
|
|
$ |
2,666 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
40,935 |
|
|
$ |
224,018 |
|
| MariMed |
|
|
3,676,798 |
|
|
|
1,428,281 |
|
| Combined assets |
|
$ |
3,717,733 |
|
|
$ |
1,652,298 |
|
|