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NOTE 7 - SALE OF MARKETABLE SECURITIES
9 Months Ended
Sep. 30, 2019
Marketable Securities [Abstract]  
NOTE 7 - SALE OF MARKETABLE SECURITIES

NOTE 7 - 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 nine months ended September 30, 2018, the Company sold 1,842,116 shares at an average price of $1.64 per share raising $3,017,790. The proceeds from the sale are treated as a gain on sale of marketable securities in the financial statements. No shares were sold in the nine months ended September 30, 2019.