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SALE OF MARKETABLE SECURITIES
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
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 six months ended June 30, 2023 the Company generated net cash of $76,839 from the sale of 200,000 shares of MariMed Inc. common stock. The average price was $0.40 per share. 

 

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. 

 

As of June 30, 2023, the Company still owns approximately 350,000 shares of MariMed Inc. common stock.