Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Mar. 30, 2015 |
Mar. 31, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Revenues | ||||
| Revenue | $ 54,512 | $ 222 | $ 150,747 | $ 444 |
| Total | 54,512 | 222 | 150,747 | 444 |
| Cost and Expenses | ||||
| Cost of Revenue | 33,014 | 2,400 | 141,560 | 4,900 |
| Gross Profit (loss) | 21,497 | $ (2,178) | 9,187 | (4,456) |
| Options expense | 77,820 | 77,820 | $ 35,999 | |
| Amorization of intangibe asset | 6,667 | 13,333 | ||
| Consulting expense | 15,000 | $ 15,000 | 30,000 | $ 30,000 |
| Selling, General & Admin. | 119,015 | 32,950 | 218,950 | 69,302 |
| Payroll and related taxes | 175,287 | 48,125 | 330,481 | 96,250 |
| Total expenses | 393,789 | 96,076 | 670,585 | 231,551 |
| Operating (loss) | (372,292) | (98,254) | (661,398) | (236,007) |
| Interest Expense | (43,582) | $ (1,299) | (73,911) | $ (1,299) |
| Interest income | $ 5,106 | $ 5,106 | ||
| Loss on extinguishment of Debt | $ (19,078) | $ (19,078) | ||
| Realized loss on trading securities | 5,404 | |||
| Realized gain on trading securities | 5,404 | |||
| Unrealized loss on trading securities | $ (375) | $ (6,551) | $ (375) | $ (6,208) |
| Unrealized gain on trading securities | 480 | |||
| Total other income (expenses) | $ (38,852) | $ (26,928) | (68,701) | $ (21,181) |
| Net (Loss) | (411,143) | $ (125,182) | (730,099) | $ (257,188) |
| Less: Net loss attribuable to noncontrolling interests | (74,187) | (184,948) | ||
| Net (loss) attributable to Worlds Online common shareholders | $ (336,957) | $ (545,150) | $ (257,188) | |
| Weighted Average Loss per share (basic and fully diluted) | $ (0.01) | $ (0.02) | $ (0.01) | |
| Weighted Average Common Shares Outstanding | 31,954,236 | 31,864,452 | 31,954,236 | 31,844,610 |
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate net change in the difference between the fair value and the carrying value, or in the comparative fair values, of marketable securities categorized as trading held at each balance sheet date, that was included in earnings for the period, which may have arisen from (a) securities classified as trading, (b) the unrealized holding gain (loss) on held-to-maturity securities transferred to the trading security category, and (c) the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) on available-for-sale securities transferred to trading securities during the period. 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 Noninterest expense related to directors' fees which are fees paid by an Entity to its directors. Directors' fees may be paid in addition to salary and other benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease), resulting in a gain, in the difference between the fair value and the carrying value, or in the comparative fair values, of securities held at each balance sheet date, that was included in earnings for the period. No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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