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SALE OF MARKETABLE SECURITIES
6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
SALE OF MARKETABLE SECURITIES

NOTE 10 – 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 six months ended June 30, 2022 the Company generated net cash of $606,136 from the sale of 900,000 shares of MariMed Inc. common stock. The average price was $0.70 per share. 

 

During the six months ended June 30, 2021 the Company generated net cash of $864,926 from the sale of 1,095,000 shares of MariMed Inc. common stock during the six months ended June 30, 2021 and 100,000 shares of MariMed Inc. common stock at the end of December 2020 which was not transferred to the Company’s bank account until January of 2021. The average price per share was $0.79 per share. 

 

As of June 30, 2022, the Company still owns approximately 850,000 shares of MariMed Inc. common stock.