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SALE OF MARKETABLE SECURITIES
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
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, 2023 the Company generated net cash of $69,035 from the sale of 185,668 shares of MariMed Inc. common stock. The average price was $0.40 per share. 

 

During the three months ended March 31, 2022 the Company generated net cash of $367,369 from the sale of 500,000 shares of MariMed Inc. common stock. The average price was $0.73 per share. 

 

As of March 31, 2023, the Company still owns approximately 364,000 shares of MariMed Inc. common stock.