| Operating segments |
| |
|
Six Months Ended |
| |
|
June 30, |
|
June 30, |
| |
|
2016 |
|
2015 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
297 |
|
|
$ |
213 |
|
| MariMed |
|
|
1,261,599 |
|
|
|
150,534 |
|
| Consolidated revenues |
|
$ |
1,261,896 |
|
|
$ |
150,747 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
99,686 |
|
|
|
13,333 |
|
| Depreciation and amortization |
|
$ |
99,686 |
|
|
$ |
13,333 |
|
| |
|
|
|
|
|
|
|
|
| Profit/(Loss) before taxes |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
(257,603 |
) |
|
$ |
(352,653 |
) |
| MariMed |
|
|
240,042 |
|
|
|
(377,445 |
) |
| Profit/(Loss) before taxes |
|
$ |
(17,561 |
) |
|
$ |
(730,099 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
— |
|
|
$ |
— |
|
| MariMed |
|
|
1,500,773 |
|
|
|
2,307,426 |
|
| Combined capital expenditures |
|
$ |
1,500,773 |
|
|
$ |
2,307,426 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds Online |
|
$ |
12,127 |
|
|
$ |
55,954 |
|
| MariMed |
|
|
5,701,772 |
|
|
|
3,463,605 |
|
| Combined assets |
|
$ |
5,713,899 |
|
|
$ |
3,519,559 |
|
|