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NOTE 9 - SALE OF MARKETABLE SECURITIES
9 Months Ended
Sep. 30, 2017
Note 9 - Sale Of Marketable Securities  
NOTE 9 - SALE OF MARKETABLE SECURITIES

NOTE 9 – SALE OF MARKETABLE SECURITIES

 

When Worlds Inc. spun off Worlds Online Inc. in January 2011, the Company retained 5,936,115 shares of common stock in Worlds Online Inc. Those shares were retained on the books of the Company with a book value of $0. During the quarter the Company sold 120,472 shares at an average price of $0.49 per share raising $58,654.57. The proceeds from the sale was treated as a gain on sale of marketable securities in the financial statements.