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NOTE 9 - SALE OF MARKETABLE SECURITIES
3 Months Ended
Mar. 31, 2018
Marketable Securities [Abstract]  
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. (now named MariMed Inc.). Those shares were retained on the books of the Company with a book value of $0. During the three months ended March 31, 2018, the Company sold 1,069,045 shares at an average price of $0.85 per share raising $904,054. The proceeds from the sale are treated as a gain on sale of marketable securities in the financial statements.