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NOTE 8 - SALE OF MARKETABLE SECURITIES
12 Months Ended
Dec. 31, 2018
Marketable Securities [Abstract]  
NOTE 8 - SALE OF MARKETABLE SECURITIES

NOTE 8 - 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 year ended December 31, 2018, the Company sold 2,242,613 shares at an average price of $2.09 per share raising $4,692,990. During the year ended December 31, 2017, the Company sold 698,805 shares at an average price of $0.46 per share raising $326,153. The proceeds from the sale are treated as a gain on sale of marketable securities in the financial statements.