| Operating segments |
| |
|
Three Months Ended |
| |
|
March 31, |
|
March 31, |
| |
|
2016 |
|
2015 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
213 |
|
|
$ |
503 |
|
| MariMed |
|
|
614,243 |
|
|
|
95,732 |
|
| Consolidated revenues |
|
$ |
614,456 |
|
|
$ |
96,235 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
35,439 |
|
|
|
6,667 |
|
| Depreciation and amortization |
|
$ |
35,439 |
|
|
$ |
6,667 |
|
| |
|
|
|
|
|
|
|
|
| Profit/(Loss) before taxes |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
(132,521 |
) |
|
$ |
(112,179 |
) |
| MariMed |
|
|
70,759 |
|
|
|
(206,776 |
) |
| Profit/(Loss) before taxes |
|
$ |
(61,762 |
) |
|
$ |
(318,956 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
990,504 |
|
|
|
1,407,978 |
|
| Combined capital expenditures |
|
$ |
990,504 |
|
|
$ |
1,407,978 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
20,311 |
|
|
$ |
32,605 |
|
| MariMed |
|
|
5,368,004 |
|
|
|
3,685,128 |
|
| Combined assets |
|
$ |
5,388,315 |
|
|
$ |
3,717,733 |
|
|