Quarterly report pursuant to Section 13 or 15(d)

NOTE 12 - SEGMENTS

v3.2.0.727
NOTE 12 - SEGMENTS
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
NOTE 12 - SEGMENTS

NOTE 12 - SEGMENTS

 

The Company follows paragraph 280 of the FASB Accounting Standards Codification for disclosures about segment reporting. This Statement requires companies to report information about operating segments in interim and annual financial statements. It also requires segment disclosures about products and services, geographic areas, and major customers.

 
2015            
    Worlds Online   MariMed   Total
             
Revenues   503   96,212   96,715
                         
Cost of sales     0       108,546       108,546  
                         
Gross profit   $ 503     $ (12,334 )   $ (11,831 )
                         
Expenses     113,163       193,962       307,125  
                         
Net (Loss)   $ (112,660 )   $ (206,295 )   $ (318,955 )
                         

 

                         
2014                        
                         
      Worlds Online       MariMed       Total  
                         
Revenues     5,969       —         5,969  
                         
Cost of sales     2,500       —         2,500  
                         
Gross profit   $ 3,469   $ —       $ 3,469
                         
Expenses     135,477       —         135,477  
                         
Net (Loss)   $ (132,008 )   $ —       $ (132,008 )