MariMed (MRMD) 10-K 27 Sep 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Sep. 16, 2016
Document And Entity Information
Entity Registrant Name	WORLDS ONLINE INC.
Entity Central Index Key	1,522,767
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 23,288,895
Entity Common Stock, Shares Outstanding		64,074,683
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 160,859	$ 988,268
Accounts receivable	467,348	50,078
Prepaid expense	38,225	18,500
Due from third party	77,500	175,898
Due from - related party	104,494	59,486
Notes receivables - Current	100,767
Other current assets	212	4,069
Total Current Assets	949,405	1,296,299
Long Term Assets
Website (net of accumulated amortization)		353,333
Notes receivables - long term	587,592
Property, Furniture and Equipment (net of accumulated depreciation)	84,140	2,666
Building Improvements (net of accumulated depreciation)	2,025,108
Land and improvements	71,488
Total Long Term Assets	2,768,328	355,999
Total Assets	3,717,733	1,652,298
Current Liabilities
Account payable and accrued expenses	1,136,344	1,076,608
Account payable - related party	680,320
Due to related parties	125,902	1,930
Deferred revenue	226,950	226,950
Other payable	230,000	225,000
Total Current Liabilities	2,399,517	1,530,488
Notes Payables	3,250,000	2,050,000
Total Liabilities	5,649,517	3,580,488
Stockholders (Deficit)
Common Stock (par value $0.001 authorized 100,000,000 shares, 32,120,446 and 31,954,236 common shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively)	32,120	31,954
Common stock subscribed but not yet issued (32,354,236 and 32,354,236 common shares as of December 31, 2015 and December 31, 2014, respectively)	32,354	32,354
Subscription receivable	(25,000)
Common Stock Warrants	1,165,563	1,165,563
Additional Paid in Capital	7,005,164	6,056,740
Accumulated Deficit	(10,196,094)	(8,971,892)
Noncontrolling interest	54,109	(242,909)
Total stockholders deficit	(1,931,783)	(1,928,190)
Total Liabilities and Stockholders Deficit	$ 3,717,733	$ 1,652,298

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	100,000,000	100,000,000
Common stock issued	32,120,446	31,954,236
Common stock outstanding	32,120,446	31,954,236
Common stock subscribed not yet issued	32,354,236	32,354,236

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Revenue	$ 1,270,176	$ 88,384
Total	1,270,176	88,384
Cost and Expenses
Cost of Revenue	1,303,713	190,165
Gross Income/(Loss)	(33,537)	(101,781)
Equity compensation	45,946	35,999
Amortization of intangible asset	366,667	20,000
Consulting expense	60,000	60,000
Research & development	93,106
Selling, General & Admin.	588,282	302,270
Payroll and related taxes	503,033	297,298
Total expenses	1,657,034	715,567
Operating (loss)	(1,690,571)	(817,348)
Interest expense	(206,563)	(56,203)
Interest income	56,145
Loss on extinguishment of Debt		(19,078)
Loss on conversion of payable to common stock	(2,556)
Realized loss on trading securities
Realized gain on trading securities		5,404
Unrealized loss on trading securities	(3,838)	(10,355)
Unrealized gain on trading securities	480	343
Goodwill impariment loss		(6,524,054)
Total other income (expense)	(156,332)	(6,603,943)
Net (Loss)	(1,846,902)	(7,421,291)
Less: Net loss attributable to noncontrolling interest	(631,569)	(201,750)
Net (loss) attributable to Worlds Online common shareholders	$ (1,215,334)	$ (7,219,541)
Weighted Average Loss per share (basic and fully diluted)	$ (0.04)	$ (0.23)
Weighted Average Common Shares Outstanding	31,976,154	31,899,874

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net (loss)	$ (1,215,334)	$ (7,219,541)
Net loss attributed to noncontrolling interest	(631,569)	(201,750)
Adjustments to reconcile net (loss) to net cash provided by operating activities
Loss on extinguishment of Debt		19,078
Stock and warrants issued for acqusition		6,524,054
Amortization of intangible asset	366,667	20,000
Realized gain on trading securities		(5,404)
Unrealized loss on trading securities	3,838	10,355
Unrealized gain on trading securities	(480)	(343)
Equity compensation	45,946	35,999
Accounts receivable	(473,415)	(50,078)
Other current assets	3,857	(500)
Prepaid expense	(19,725)
Due from third party	(77,500)
Deposits		(18,500)
Acounts payable and accrued expenses	59,737	507,056
Accounts payable related party	700,761	(300,650)
Other payable	5,000	225,000
Net cash (used in) operating activities:	(392,881)	(455,224)
Proceeds from sales of trading securities		23,004
Notes receivables issued to third party	(456,316)
Purchase of website		(400,000)
Purchase of fixed assets	(3,048,776)	(2,666)
Net cash provided by investing activities:	(3,505,092)	(379,662)
Proceeds from note payable	1,200,000	2,050,000
Dividend paid to investors	(8,868)
Proceeds from related party	378,964	(235,384)
Proceeds from Mia Dev Class A shares	1,500,469
Net cash provided by financing activities	3,070,565	1,814,616
Net (decrease) in cash and cash equivalents	(827,408)	979,730
Cash and cash equivalents beginning of period	988,268	8,538
Cash and cash equivalents end of period	160,859	988,268
Non-cash financing activities:
Common stock issued for accrued expenses	22,375	10,750
Cash paid during the period for:
Interest
Income taxes
Non-cash Activities
Converting related party liabilities to Equity	300,000
Issuance common stock to repay accounts payables	$ 24,932
Aquisition of Sigal LLC
Issurance of common stock		5,911,534
Issuance of option		$ 569,682
Assuming of liabilitie		1,832,020
Intangible asset		(391,111)
Other asset		(162,997)
Goodwill		(6,515,990)
Non-controllling interest		(32,448)
Cash Acquired		$ 1,210,690

Shareholders Deficit

Shareholders Deficit - USD ($)	Common Stock	Additional Paid-In Capital	Common Share subscribed but not issued	Subscription Receivable	Common Stock Warrants	Accumulated Deficit	Non-Controlling Interest	Total
Beginning Balance, shares at Dec. 31, 2013	31,824,548		400,000
Beginning Balance, amount at Dec. 31, 2013	$ 31,824	$ (458,218)	$ 400		$ 1,165,563	$ (1,752,352)		$ (1,012,782)
Stock options for directors and officer		$ 35,999						35,999
Payment of accrued expense, shares	129,688
Payment of accrued expense, amount	$ 130	$ 29,699						29,828
Aquistion of Sigal Consulting, shares			31,954,236
Aquistion of Sigal Consulting, amount		$ 6,449,260	$ 31,954					6,481,214
Non-controlling interest							(41,159)	(41,159)
Class A shares in Mia Development
Dividend paid
Net Income Loss						(7,219,541)	(201,750)	(7,421,291)
Ending Balance, shares at Dec. 31, 2014	31,954,236		32,354,236
Ending Balance, amount at Dec. 31, 2014	$ 31,954	6,056,740	$ 32,354		1,165,563	(8,971,892)	(242,909)	(1,928,190)
Stock options for directors and officer		45,946						45,946
Payment of accrued expense, shares	166,210
Payment of accrued expense, amount	$ 166	24,765						24,931
Class A shares in Mia Development		877,713		$ (25,000)			947,756	1,800,469
Dividend paid						(8,868)	(19,169)	(28,037)
Net Income Loss						(1,215,334)	(631,569)	(1,846,902)
Ending Balance, shares at Dec. 31, 2015	32,120,446		32,354,236
Ending Balance, amount at Dec. 31, 2015	$ 32,120	$ 7,005,164	$ 32,354	$ (25,000)	$ 1,165,563	$ (10,196,094)	$ 54,109	$ (1,931,783)

NOTE 1 - DESCRIPTION OF BUSINES

NOTE 1 - DESCRIPTION OF BUSINESS & SUMMARY OF ACCTING POLICIES	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 1 - DESCRIPTION OF BUSINESS & SUMMARY OF ACCTING POLICIES	NOTE 1 - DESCRIPTION OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES Description of Business We currently operate in two separate segments with one segment being a 3D entertainment portal which leverages its proprietary licensed technology to offer visitors a network of virtual, multi-user environments which we call "worlds" and the second segment being a management company in the medical cannabis industry. We were formed on January 25, 2011 as a wholly-owned subsidiary of Worlds Inc. (formerly known as Worlds.com Inc.). Effective May 16, The assets transferred to us include: Worlds Inc.’s technology platform, Worlds Chat, Aerosmith World, DMC Worlds, Cinema Virtual, Pearson contracts and related revenue, the following URLs: Worlds.com, Cybersexworld.com, Hang.com, and Worldsfunds.com, a digital inventory of over 10,000 3D objects, animation sequences, an extensive avatar library, texture maps and virtual world architectures. The transfer On May 19, 2014, Worlds Online Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Agreement”) between MariMed Advisors Inc. (“MariMed”), a wholly owned subsidiary of the Company, Sigal Consulting LLC (“Sigal”), a Massachusetts limited liability company, and the Members of Sigal (“Sellers”). The transaction closed on September 29, 2014. Pursuant to the Agreement, the Company, through MariMed, acquired all of the assets of Sigal and the Sellers received the aggregate amount of (i) the Company’s common stock (WORX) equal to 50% of the Company’s outstanding common stock on the Closing Date; (ii) three million options to purchase shares of the Company’s common stock which are exercisable over five years with various exercise prices ranging from $0.15 to $0.35 and (iii) 49% of MariMed’s outstanding common stock. As a result, the Company’s ownership of MariMed was reduced from 100% to 51%. The transaction was accounted for as a purchase acquisition/merger wherein the Company is both accounting acquirer and legal acquirer. Accordingly, the company recorded the assets purchased and liabilities assumed as part of the merger and the portion that the fair value Basis of Presentation The accompanying financial our ability to grow our business Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Trading Securities Trading securities are common stock in publicly traded companies, one that was received as compensation for performing consulting services. The other was purchased as an investment. The carrying value of the investments is the market price of the shares at December 31, 2015 and December 31, 2014. Any unrealized gain or loss are recorded under other income/(expense) in the accompanying statements of operations. Cash and Cash Equivalents Cash and cash equivalents are comprised of highly liquid money market instruments, which have original maturities of three months or less at the time of purchase. Revenue Recognition The Company has the following source of revenue: VIP subscriptions to our Worlds Ultimate 3-D Chat service and consulting and other revenues from MariMed. The Company recognizes revenue when all of the following criteria are met: evidence of an arrangement exists such as a signed contract, delivery has occurred, the price is fixed or determinable, and collectability is reasonable assured. This will usually be in the form of a receipt of a customer’s acceptance indicating the product has been completed to their satisfaction except for development work and service revenue which is recognized when the services have been performed. Deferred revenue represents cash payments received in advance to be recorded as revenue when earned. The corresponding cost associated with those contracts is also deferred as deferred costs until the revenue is ultimately recognized. Research and Development Costs Research and development costs will be charged to operations as incurred. Intangible Asset - Websites The Company purchased several medical marijuana related websites in 2014. The cost of these websites are being amortized using the straight line method over a period of five years. The websites are currently generating a deal flow for us and we expect the future economic benefit of those websites to be at least 5 years. Property and Equipment Property and equipment will be stated at cost. Depreciation will be provided on a straight line basis over the estimated useful lives of the assets ranging from three to five years. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income. Maintenance and repairs will be charged to expense in the period incurred. Impairment of Long Lived Assets The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification (“ASC”) for disclosures about Impairment or Disposal of Long-Lived Assets. Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair value, which is determined based on either discounted future cash flows or appraised values. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB ASC (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. The carrying amounts of the Company’s financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity of these instruments. Accounts Payable Related Party Accounts payable related party is comprised of cash payments made by Worlds Inc. on our behalf for shared operating expenses. Deferred Revenue Deferred revenue represents advance payments for the license, the design and development of the software, content and related technology for the creation of an interactive, 3D entertainment portal on the internet. Extinguishment of liabilities The Company Extinguishments of Stock-Based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB ASC for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Income Taxes The Company accounts for income taxes under Section 740-10-30 of the FASB ASC (“ASC 740”). Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax Related Party Transactions The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, Comprehensive Income (Loss) The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB ASC which establishes standards for the reporting and display of comprehensive income and its components in the consolidated financial statements. Loss Per Share Net loss per common share is computed pursuant to section 260-10-45 of the FASB ASC. Basic net loss per share is computed by dividing net Commitments and Contingencies The Company follows subtopic 450-20 of the FASB ASC to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees Risk and Uncertainties The Company is subject to risks common to companies in the technology industries, including, but not limited to, litigation, development of new technological innovations and dependence on key personnel. The Company is also subject to risks arising from its medical marijuana related business inasmuch as marijuana is still a federally prohibited substance. Off Balance Sheet Arrangements The Company does not have any off-balance sheet arrangements. Uncertain Tax Positions The Company did not take any uncertain tax positions and had no adjustments to unrecognized income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the years ended December 31, 2015 or 2014. Acquisition On September 29, 2014 our wholly-owned subsidiary, MariMed Advisors Inc. ("MariMed"), acquired all of the outstanding assets of Sigal Consulting LLC ("Sigal") from its members, The purchase price consisted of 31,954,236 shares of the Company's common stock, 3 million five-year options to purchase additional shares of our common stock at prices ranging from $0.15 - $0.35 per share and which vest over two years and 49% of MariMed's outstanding equity. The fair value of the common stock issued was $5,911,534 determined by the fair value of the Company’s Common Stock on the closing date, at a price of approximately $0.185 per share. The fair value of the stock options was $569,682 measured using the Black-Scholes valuation model on the grant date, assuming approximately 1.56% risk-free interest, 0% dividend yield, 311% volatility, and expected life of five years. The fair value of common stock issued and options granted for acquisition over the book value of Sigal is recorded as goodwill, which was subsequently impaired in full. One of the owners of Sigal, Robert Fireman, is a director of the Company. Subsequent Events The Company evaluated for subsequent events through the issuance date of the Company’s financial statements. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers.” This amendment outlines The Company has reviewed all recently issued, but not yet effective, accounting pronouncements up to ASU 2015-16, and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

NOTE 2 - GOING CONCERN

NOTE 2 - GOING CONCERN	12 Months Ended
	Dec. 31, 2015
Note 2 - Going Concern
NOTE 2 - GOING CONCERNS	NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Worlds Online Inc. has had only minimal revenues from operations, has a negative working capital, and has a negative stockholders deficit and negative cash flows from operations. There can be no assurance that the Company will be able to obtain the substantial additional capital resources necessary to fully implement its business plan or that any assumptions relating to its business plan will prove to be accurate. The Company is pursuing sources of additional financing and there can be no assurance that any such financing will be available to the Company on commercially reasonable terms, or at all. Any inability to obtain additional financing will likely have a material adverse effect on the Company, including possibly requiring the Company to reduce and/or cease operations. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 - USE OF EQUITY AS COMPE

NOTE 3 - USE OF EQUITY AS COMPENSATION	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
NOTE 3 – USE OF EQUITY AS COMPENSATION	NOTE 3 - USE OF EQUITY AS COMPENSATION During the year ended December 31, 2015, the Company issued an aggregate of 166,210 shares of common stock as payment for an accrued expense with an aggregate value of $22,375. During the year ended December 31, 2015, the Company issued 300,000 options to the Company's directors. The directors each received 100,000 options for serving as board members in 2015. The stock options allow each director to purchase 100,000 shares of the Company's common stock at $0.13 per share per each individual option. An additional 300,000 options were issued to the Chief Financial Officer of the Company. The stock options to the Company's Chief Financial Officer allow for the purchase of 300,000 shares of the Company's common stock at $0.13 per share per each individual option. The options expire on June 29, 2020. Refer to Note 6 for further discussion. During the year ended December During the year ended December 31, 2014, the Company issued an aggregate of 129,688 shares of common stock as payment for an accrued expense with an aggregate value of $10,750.

NOTE 4 - DEFERRED REVENUE

NOTE 4 - DEFERRED REVENUE	12 Months Ended
	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
NOTE 4 - DEFERRED REVENUE	NOTE 4 - DEFERRED REVENUE Deferred revenue represents advance payments for the license, the design and development of the software, content and related technology for the creation of an interactive, 3D entertainment portal on the internet. During the year ended December 31, 2015, no services were provided. The deferred revenue balance is $226,950.

NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 5 - PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT During the year ended December 31, 2015 Mia Development LLC, a subsidiary of MariMed purchased $3,048,776 in building improvements, land and equipment.

NOTE 6 - STOCK OPTIONS

NOTE 6 - STOCK OPTIONS	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
NOTE 6 - STOCK OPTIONS	NOTE 6 - STOCK OPTIONS During the year ended December 31, 2015, the Company issued 300,000 options to the Company’s directors. The directors each received 100,000 options for serving as board members in 2015. An additional 300,000 options were issued to the Chief Financial Officer of the Company. The stock options allow each director to purchase 100,000 shares of the Company’s common stock at $0.13 per share per each individual option. The stock options to the Company’s Chief Financial Officer allow for the purchase of 300,000 shares of the Company’s common stock at $0.13 per share per each individual option. The options expire on June 29, 2020. During the During the year ended December 31, 2015, the Company issued 55,000 warrants and recorded a warrant expense of $7,036 equal to the estimated fair value of the options at the date of grants. The fair market value was calculated using the Black-Scholes options pricing model, assuming approximately 1.63% risk-free interest, 0% dividend yield, 271% volatility, and expected life of 3 years. No stock options or warrants were exercised during the year ended December 31, 2015. During the year ended December 31, 2014, the Company issued 450,000 stock options to Directors of the Company. The Company issued 100,000 options to each of the Company’s independent directors for serving as a Director in 2014. The stock options allow each director to purchase 100,000 shares of the Company’s common stock at $0.08 Accordingly, the Company recorded an expense of $35,999 during the year ended December 31, 2014 equal to the estimated fair value of the options at the date of grants. These options were granted for services to be performed. The fair market value was calculated In connection with the acquisition of Sigal Consulting LLC, the Company granted three million five-year stock options to the sellers of Sigal Consulting LLC at prices ranging from $0.15 - $0.35 per share and which vest over two years. The fair value of the stock options was $569,682 measured using the Black-Scholes valuation model on the grant date, assuming approximately 1.56% risk-free interest, 0% dividend yield, 311% volatility, and expected life of five years. During the year ended December 31, 2014, no stock options or warrants were exercised. There were no outstanding warrants as of December 31, 2014. Stock options outstanding and exercisable as of December 31, 2015 are as follows: Exercise Price per Share Shares Under Option Remaining Life in Years Outstanding $ 0.08 450,000 3.00 $ 0.025 200,000 2.00 $ 0.025 500,000 1.97 $ 0.01 4,500,000 1.67 $ 0.13 600,000 4.50 $ 0.15 1,000,000 3.39 $ 0.25 1,000,000 3.39 $ 0.35 1,000,000 3.39 9,250,000 Exercisable $ 0.08 450,000 3.00 $ 0.025 200,000 2.00 $ 0.025 500,000 1.97 $ 0.01 4,500,000 1.67 $ 0.15 1,000,000 3.39 6,650,000

NOTE 7 - INCOME TAXES

NOTE 7 - INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
NOTE 7 - INCOME TAXES	NOTE 7 - INCOME TAXES At December 31, 2015, the Company had federal and state net operating loss carry forwards of approximately $2,942,820 that expire in 2036. Due to operating losses, there is no provision for current federal or state income taxes for the periods ended December 31, 2015 or 2014. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes. The Company’s deferred tax asset at December 31, 2015 consists of a net operating loss calculated using federal and state effective tax rates equating to approximately $1,326,000 less a valuation allowance in the amount of approximately $1,326,000. Because of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance. The measurement valuation allowance increased by $293,232 and $349,000 during the 2015 and 2014 periods respectively. The Company’s total deferred tax asset as of December 31, 2015 is as follows: Deferred tax asset – gross $ 1,326,000 Valuation allowance (1,326,000 ) Net deferred tax asset $ — The reconciliation of income taxes computed at the federal and state statutory income tax rate to total income taxes for the periods ended December 31, 2015 and 2014 is as follows: 2015 2014 Income tax computed at the federal statutory rate 34 % 34 % Income tax computed at the state statutory rate 5 % 5 % Valuation allowance (39 %) (39 %) Total deferred tax asset 0 % 0 %

NOTE 8 - TRADING SECURITIES

NOTE 8 - TRADING SECURITIES	12 Months Ended
	Dec. 31, 2015
Marketable Securities [Abstract]
NOTE 8 - TRADING SECURITIES	NOTE 8 - Trading Securities Marketable equity securities Cost Market value Unrealized Gain/(Loss) Paid, Inc. $ 13,200 $ 212 $ (12,987 ) Global Links Corp. $ 381 $ 0 $ (381 ) Fair market measurement at December 31, 2015 were computed using quoted prices in an active market for identified assets, (level 1). The shares were obtained as compensation for performing consulting services. An unrealized loss of $3,838, and a $480 unrealized gain are included in the Company Statements of Operations for the periods ended December 31, 2015. An unrealized loss of $10,355, an unrealized gain of $343 and a $5,404 realized gain are included in the Company Statements of Operations for the periods ended December 31, 2014.

NOTE 9 - RELATED PARTY TRANSACT

NOTE 9 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
NOTE 9 - RELATED PARTY TRANSACTIONS	NOTE 9 - RELATED PARTY TRANSACTIONS The Company was formed on January 25, 2011 as a wholly-owned subsidiary of Worlds Inc. (formerly known as Worlds.com Inc.). On May 16, 2011 Worlds Inc. transferred to the Company the majority of its operations and related operational assets, except for its patent The assets transferred to the Company include: Worlds Inc.’s technology platform, Worlds Ultimate Chat, Aerosmith World, DMC Worlds, Cinema Virtual, Pearson contracts and related revenue, the following URLs: Worlds.com, Cybersexworld.com, Hang.com, and Worldsfunds.com, a digital inventory of over 10,000 3D objects, animation sequences, an extensive avatar library, texture maps and virtual world architectures. None of the transferred assets have any carrying value on the financial statements of the Company. Deferred revenue of $226,950 at December 31, 2015 and December 31, 2014 was transferred from Worlds, Inc. The due us The due to related parties for 2015 is comprised of cash received from related parties to pay for operating expenses and include advances made

NOTE 10 - COMMITMENTS AND CONTI

NOTE 10 - COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
NOTE 10 - COMMITMENTS AND CONTINGENCIES	NOTE 10 - COMMITMENTS AND CONTINGENCIES The Company is committed to an employment agreement with its President and CEO, Thom Kidrin. The agreement, dated as of August 30, 2012, is for five years with a one-year renewal option held by Mr. Kidrin. The agreement provides for a base salary of $175,000, which increases 10% on September 1 of each year; a monthly car allowance of $500; an annual bonus equal to 2.5% of Pre-Tax Income (as defined in the agreement); an additional bonus as follows: $75,000, if Pre-Tax Income for the year is between 150% and 200% of the prior fiscal year’s Pre-Tax Income or (B) $100,000, if Pre-Tax Income for the year is between 201% and 250% of the prior fiscal year’s Pre-Tax Income or (C) $200,000, if Pre-Tax Income for the year is 251% or greater than the prior fiscal year’s Pre-Tax Income, but in no event shall this additional bonus exceed five (5%) percent of Pre-Tax Income for such year; payment of up to $10,000 in life insurance premiums; options to purchase 4.5 million shares of Worlds Inc. common stock at an exercise price of $0.01 per share, of which one-third vested on August 30, 2012, one-third vest on August 30, 2013 and the balance vested on August 30, 2014; a death benefit of at least $2 million dollars; and a payment equal to 2.99 times his base amount (as defined in the agreement) in the event of a Change of Control (as defined in the agreement). The agreement also provides that Mr. Kidrin can be terminated for cause (as defined in the agreement) and that he is subject to restrictive covenants for 12 months after termination. The balance due Mr. Kidrin at December 31, 2015 and December 31, 2014 is $599,265 and $387,457 respectively, and are included in accrued expenses.

NOTE 11- NON-CONTROLLING INTERE

NOTE 11- NON-CONTROLLING INTEREST	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
NOTE 11-NON-CONTROLLING INTEREST	NOTE 11 - NON-CONTROLLING INTEREST Effective September 29, 2014, in connection with the acquisition of Sigal Consulting LLC., the Company’s percentage of ownership in MariMed Advisors, Inc., its subsidiary, decreased from 100% to 51%. The acquisition resulted in an allocation of ownership interest valued at $(41,159) to the non-controlling shareholders. During December 31, 2015 year ended, $(635,569) net loss attributed to non-controlling interest. On December 31, 2015 the non-controlling interest is $526,977). During December 31, 2014 year ended, $201,750 net loss attributed to noncontrolling interest. On December 31, 2014 the noncontrolling interest is $(242,909).

NOTE 12 - LOSS ON EXTINGUISHMEN

NOTE 12 - LOSS ON EXTINGUISHMENT OF DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTE 12 - LOSS ON EXTINGUISHMENT OF DEBT	NOTE 12 - LOSS ON EXTINGUISHMENT OF DEBT During the year ended December 31, 2014, the Company issued 129,688 shares of common stock with a $29,828 fair market value to pay off the accrued expense in amount of $10,750. The $19,078 difference between the fair market value of the common stock and the balance of accrued expense was booked as loss on extinguishment of debt.

NOTE 13 - GOODWILL IMPAIRMENT L

NOTE 13 - GOODWILL IMPAIRMENT LOSS	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
NOTE 13 - GOODWILL IMPAIRMENT LOSS	NOTE 13 - GOODWILL IMPAIRMENT LOSS On May 19, 2014, Worlds Online Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Agreement”) between MariMed Advisors Inc. (“MariMed”), a wholly owned subsidiary of the Company, Sigal Consulting LLC (“Sigal”), a Massachusetts limited liability company, and the Members of Sigal (“Sellers”). The transaction closed on September 29, 2014. Pursuant to the Agreement, the Company acquired all of the interest in Sigal Consulting LLC through MariMed in consideration to Sellers for an aggregate amount of (i) the Company’s common stock equal to 50% of the Company’s outstanding common stock on the Closing Date; (ii) three million stock options of the Company to purchase the Company’s common stock which are exercisable over five years with various exercise price and (iii) 49% of MariMed’s outstanding common stock on the Closing Date. As a result, the Company indirectly owned 100% of Sigal Consulting LLC through its 51% ownership in MariMed. The purchase price consisted of 31,954,236 shares of our common stock, 3 million our

NOTE 14 - SEGMENT REPORTING

NOTE 14 - SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
NOTE 14 - SEGMENT REPORTING	NOTE 14– SEGMENT REPORTING: The Company follows paragraph 280 of the FASB Accounting Standards Codification for disclosures about segment reporting. This statement requires companies to report information about operating segments in interim and annual financial statements. It also requires segment disclosures about products and services, geographic areas, and major customers. The Company has two reportable operating segments as determined by management using the “management approach” as defined by the authoritative guidance on Disclosures about Segments of an Enterprise and Related Information Summarized in the following tables are net sales and operating revenues, depreciation and amortization expense, income from continuing operations before taxes, capital expenditures and assets for the Company's reportable segments as of and for the fiscal years ended December 31, 2015 and December 31, 2014: Fiscal Year Ended December 31, December 31, 2015 2014 Revenues: Worlds Online $ 798 $ 806 MariMed 1,326,003 87,578 Consolidated revenues $ 1,270,176 $ 88,384 Depreciation and amortization: Worlds Online $ — $ — MariMed 1,206,003 20,000 Depreciation and amortization $ 1,206,003 $ 20,000 Loss before taxes Worlds Online $ (600,378 ) $ (6,817,846 ) MariMed (1,246,525 ) (603,445 ) Loss before taxes $ (1,846,903 ) $ (7,421,291 ) Capital Expenditures: Worlds Online $ — $ — MariMed 3,048,776 2,666 Combined capital expenditures $ 3,048,776 $ 2,666 Assets: Worlds Online $ 40,935 $ 224,018 MariMed 3,676,798 1,428,281 Combined assets $ 3,717,733 $ 1,652,298

NOTE 15 - MATERIAL TRANSACTION

NOTE 15 - MATERIAL TRANSACTION	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 15 - MATERIAL TRANSACTION	NOTE 15 – MATERIAL TRANSACTIONS Mia Development LLC (“Mia”) entered into a long term lease with First State Compassion Center. Mia is currently subleasing the building but has signed an Agreement of Sales with the owner. Upon First State Compassion Center securing licenses and permits for the growing and sale of medical marijuana in the state, Mia may purchase the building. If the tenant is unable to secure the appropriate licenses and permits, the Agreement of Sale to purchase the building will be null and void. In January of 2015, First State Compassion Center Inc. issued a promissory note to Mia in the amount of $1,100,000. The note During the

NOTE 16 - NOTES PAYABLE

NOTE 16 - NOTES PAYABLE	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
NOTE 16 - NOTES PAYABLE	NOTE 16 – NOTES PAYABLE During the year ended December 31, 2015, MariMed borrowed $1,575,000 via promissory notes and repaid $375,000 before year end. The notes mature between July 15, 2015 and January 7, 2016 and carry a ten percent interest rate. Two of the notes were converted to Class A shares in the Mia in February of 2016. The remaining notes have reached maturity but are still outstanding and being paid interest at a rate of ten percent.

NOTE 17 - SUBSEQUENT EVENT

NOTE 17 - SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
NOTE 17 - SUBSEQUENT EVENT	NOTE MariMed borrowed $950,000 during February and April of 2016. The promissory notes for these loans carry annual interest rates of 10% and 12% and one is payable on December 31, 2016 and the other is payable on May 1, 2018. The Company converted two During February of 2016 the Company issued a warrant to purchase 200,000 shares of common stock at a price of $0.10 per share. The warrant expires on February 18, 2019.

NOTE 1 - DESCRIPTION OF BUSIN24

NOTE 1 - DESCRIPTION OF BUSINESS & SUMMARY OF ACCTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Description of Business	Description of Business We currently operate in two separate segments with one segment being a 3D entertainment portal which leverages its proprietary licensed technology to offer visitors a network of virtual, multi-user environments which we call "worlds" and the second segment being a management company in the medical cannabis industry. We were formed on January 25, 2011 as a wholly-owned subsidiary of Worlds Inc. (formerly known as Worlds.com Inc.). Effective May 16, The assets transferred to us include: Worlds Inc.’s technology platform, Worlds Chat, Aerosmith World, DMC Worlds, Cinema Virtual, Pearson contracts and related revenue, the following URLs: Worlds.com, Cybersexworld.com, Hang.com, and Worldsfunds.com, a digital inventory of over 10,000 3D objects, animation sequences, an extensive avatar library, texture maps and virtual world architectures. The transfer On May 19, 2014, Worlds Online Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Agreement”) between MariMed Advisors Inc. (“MariMed”), a wholly owned subsidiary of the Company, Sigal Consulting LLC (“Sigal”), a Massachusetts limited liability company, and the Members of Sigal (“Sellers”). The transaction closed on September 29, 2014. Pursuant to the Agreement, the Company, through MariMed, acquired all of the assets of Sigal and the Sellers received the aggregate amount of (i) the Company’s common stock (WORX) equal to 50% of the Company’s outstanding common stock on the Closing Date; (ii) three million options to purchase shares of the Company’s common stock which are exercisable over five years with various exercise prices ranging from $0.15 to $0.35 and (iii) 49% of MariMed’s outstanding common stock. As a result, the Company’s ownership of MariMed was reduced from 100% to 51%. The transaction was accounted for as a purchase acquisition/merger wherein the Company is both accounting acquirer and legal acquirer. Accordingly, the company recorded the assets purchased and liabilities assumed as part of the merger and the portion that the fair value .
Basis of Presentation	Basis of Presentation The accompanying financial our ability to grow our business
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Trading Securities	Trading Securities Trading securities are common stock in publicly traded companies, one that was received as compensation for performing consulting services. The other was purchased as an investment. The carrying value of the investments is the market price of the shares at December 31, 2015 and December 31, 2014. Any unrealized gain or loss are recorded under other income/(expense) in the accompanying statements of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are comprised of highly liquid money market instruments, which have original maturities of three months or less at the time of purchase.
Revenue Recognition	Revenue Recognition The Company has the following source of revenue: VIP subscriptions to our Worlds Ultimate 3-D Chat service and consulting and other revenues from MariMed. The Company recognizes revenue when all of the following criteria are met: evidence of an arrangement exists such as a signed contract, delivery has occurred, the price is fixed or determinable, and collectability is reasonable assured. This will usually be in the form of a receipt of a customer’s acceptance indicating the product has been completed to their satisfaction except for development work and service revenue which is recognized when the services have been performed. Deferred revenue represents cash payments received in advance to be recorded as revenue when earned. The corresponding cost associated with those contracts is also deferred as deferred costs until the revenue is ultimately recognized.
Research and Development Costs	Research and Development Costs Research and development costs will be charged to operations as incurred.
Intangible Asset - Websites	Intangible Asset - Websites The Company purchased several medical marijuana related websites in 2014. The cost of these websites are being amortized using the straight line method over a period of five years. The websites are currently generating a deal flow for us and we expect the future economic benefit of those websites to be at least 5 years.
Property and Equipment	Property and Equipment Property and equipment will be stated at cost. Depreciation will be provided on a straight line basis over the estimated useful lives of the assets ranging from three to five years. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income. Maintenance and repairs will be charged to expense in the period incurred.
Impairment of Long Lived Assets	Impairment of Long Lived Assets The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification (“ASC”) for disclosures about Impairment or Disposal of Long-Lived Assets. Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair value, which is determined based on either discounted future cash flows or appraised values.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB ASC for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB ASC (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in US GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. The carrying amounts of the Company’s financial assets and liabilities, such as cash and accounts payable approximate their fair values because of the short maturity of these instruments.
Accounts Payable Related Party	Accounts Payable Related Party Accounts payable related party is comprised of cash payments made by Worlds Inc. on our behalf for shared operating expenses.
Deferred Revenue	Deferred Revenue Deferred revenue represents advance payments for the license, the design and development of the software, content and related technology for the creation of an interactive, 3D entertainment portal on the internet.
Extinguishment of liabilities	Extinguishment of liabilities The Company Extinguishments of
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB ASC for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).
Income Taxes	Income Taxes The Company accounts for income taxes under Section 740-10-30 of the FASB ASC (“ASC 740”). Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax
Related Party Transactions	Related Party Transactions The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the Related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances,
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB ASC which establishes standards for the reporting and display of comprehensive income and its components in the consolidated financial statements.
Loss Per Share	Loss Per Share Net loss per common share is computed pursuant to section 260-10-45 of the FASB ASC. Basic net loss per share is computed by dividing net
Commitments and Contingencies	Commitments and Contingencies The Company follows subtopic 450-20 of the FASB ASC to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees
Risk and Uncertainties	Risk and Uncertainties The Company is subject to risks common to companies in the technology industries, including, but not limited to, litigation, development of new technological innovations and dependence on key personnel. The Company is also subject to risks arising from its medical marijuana related business inasmuch as marijuana is still a federally prohibited substance.
Off Balance Sheet Arrangements	Off Balance Sheet Arrangements The Company does not have any off-balance sheet arrangements.
Uncertain Tax Positions	Uncertain Tax Positions The Company did not take any uncertain tax positions and had no adjustments to unrecognized income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the years ended December 31, 2015 or 2014.
Acquisition	Acquisition On September 29, 2014 our wholly-owned subsidiary, MariMed Advisors Inc. ("MariMed"), acquired all of the outstanding assets of Sigal Consulting LLC ("Sigal") from its members, The purchase price consisted of 31,954,236 shares of the Company's common stock, 3 million five-year options to purchase additional shares of our common stock at prices ranging from $0.15 - $0.35 per share and which vest over two years and 49% of MariMed's outstanding equity. The fair value of the common stock issued was $5,911,534 determined by the fair value of the Company’s Common Stock on the closing date, at a price of approximately $0.185 per share. The fair value of the stock options was $569,682 measured using the Black-Scholes valuation model on the grant date, assuming approximately 1.56% risk-free interest, 0% dividend yield, 311% volatility, and expected life of five years. The fair value of common stock issued and options granted for acquisition over the book value of Sigal is recorded as goodwill, which was subsequently impaired in full. One of the owners of Sigal, Robert Fireman, is a director of the Company.
Subsequent Events	Subsequent Events The Company evaluated for subsequent events through the issuance date of the Company’s financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers.” This amendment outlines The Company has reviewed all recently issued, but not yet effective, accounting pronouncements up to ASU 2015-16, and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

NOTE 6 - STOCK OPTIONS (Tables)

NOTE 6 - STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Warrants and Options	Stock options outstanding and exercisable as of December 31, 2015 are as follows: Exercise Price per Share Shares Under Option Remaining Life in Years Outstanding $ 0.08 450,000 3.00 $ 0.025 200,000 2.00 $ 0.025 500,000 1.97 $ 0.01 4,500,000 1.67 $ 0.13 600,000 4.50 $ 0.15 1,000,000 3.39 $ 0.25 1,000,000 3.39 $ 0.35 1,000,000 3.39 9,250,000 Exercisable $ 0.08 450,000 3.00 $ 0.025 200,000 2.00 $ 0.025 500,000 1.97 $ 0.01 4,500,000 1.67 $ 0.15 1,000,000 3.39 6,650,000

NOTE 7 - INCOME TAXES (Tables)

NOTE 7 - INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Company's total deferred tax	Deferred tax asset – gross $ 1,326,000 Valuation allowance (1,326,000 ) Net deferred tax asset $ —
Reconciliation of income taxes	2015 2014 Income tax computed at the federal statutory rate 34 % 34 % Income tax computed at the state statutory rate 5 % 5 % Valuation allowance (39 %) (39 %) Total deferred tax asset 0 % 0 %

NOTE 8 - TRADING SECURITIES (Ta

NOTE 8 - TRADING SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Marketable Securities [Abstract]
Marketable equity securities	Marketable equity securities Cost Market value Unrealized Gain/(Loss) Paid, Inc. $ 13,200 $ 212 $ (12,987 ) Global Links Corp. $ 381 $ 0 $ (381 )

NOTE 14 - SEGMENT REPORTING (Ta

NOTE 14 - SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Operating segments	Fiscal Year Ended December 31, December 31, 2015 2014 Revenues: Worlds Online $ 798 $ 806 MariMed 1,326,003 87,578 Consolidated revenues $ 1,270,176 $ 88,384 Depreciation and amortization: Worlds Online $ — $ — MariMed 1,206,003 20,000 Depreciation and amortization $ 1,206,003 $ 20,000 Loss before taxes Worlds Online $ (600,378 ) $ (6,817,846 ) MariMed (1,246,525 ) (603,445 ) Loss before taxes $ (1,846,903 ) $ (7,421,291 ) Capital Expenditures: Worlds Online $ — $ — MariMed 3,048,776 2,666 Combined capital expenditures $ 3,048,776 $ 2,666 Assets: Worlds Online $ 40,935 $ 224,018 MariMed 3,676,798 1,428,281 Combined assets $ 3,717,733 $ 1,652,298

NOTE 6 - STOCK OPTIONS - Stock

NOTE 6 - STOCK OPTIONS - Stock option table (Details)	Dec. 31, 2015yr$ / sharesshares
Outstanding (1)
Shares under options | shares	450,000
Price per shares | $ / shares	$ 0.08
Remaining life in years | yr	3
Outstanding (2)
Shares under options | shares	200,000
Price per shares | $ / shares	$ 0.025
Remaining life in years | yr	2
Outstanding (3)
Shares under options | shares	500,000
Price per shares | $ / shares	$ 0.025
Remaining life in years | yr	1.97
Outstanding (4)
Shares under options | shares	4,500,000
Price per shares | $ / shares	$ 0.01
Remaining life in years | yr	1.67
Outstanding (5)
Shares under options | shares	600,000
Price per shares | $ / shares	$ 0.13
Remaining life in years | yr	4.50
Outstanding (6)
Shares under options | shares	1,000,000
Price per shares | $ / shares	$ 0.15
Remaining life in years | yr	3.39
Outstanding (7)
Shares under options | shares	1,000,000
Price per shares | $ / shares	$ 0.25
Remaining life in years | yr	3.39
Outstanding (8)
Shares under options | shares	1,000,000
Price per shares | $ / shares	$ 0.35
Remaining life in years | yr	3.39
Exercisable (1)
Shares under options | shares	450,000
Price per shares | $ / shares	$ 0.08
Remaining life in years | yr	3
Exercisable (2)
Shares under options | shares	200,000
Price per shares | $ / shares	$ 0.025
Remaining life in years | yr	2
Exercisable (3)
Shares under options | shares	500,000
Price per shares | $ / shares	$ 0.025
Remaining life in years | yr	1.97
Exercisable (4)
Shares under options | shares	4,500,000
Price per shares | $ / shares	$ 0.01
Remaining life in years | yr	1.67
Exercisable (5)
Shares under options | shares	1,000,000
Price per shares | $ / shares	$ 0.15
Remaining life in years | yr	3.39

NOTE 7 - INCOME TAXES - Company

NOTE 7 - INCOME TAXES - Company's total deferred tax (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax Disclosure [Abstract]
Net operating loss	$ 1,326,000
Valuation allowance	(1,326,000)
Net deferred tax asset

NOTE 7 - INCOME TAXES - Reconci

NOTE 7 - INCOME TAXES - Reconciliation of income taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income tax computed at the federal statutory rate	34.00%	34.00%
Income tax computed at the state statutory rate	5.00%	5.00%
Valuation allowance	(0.39)	(0.39)
Total deferred tax asset	$ 0	$ 0

NOTE 8 - TRADING SECURITIES (De

NOTE 8 - TRADING SECURITIES (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Marketable Securities [Abstract]
Marketable equity securities - Cost, Paid, Inc.	$ 13,200
Marketable equity securities - Cost, Global Links Corp.	381
Market value - Paid, Inc.	212
Market value - Global Links Corp.	0
Unrialized Gain/(Loss), Paid, Inc.	(12,987)
Unrialized Gain/(Loss), Global Links Corp.	$ (381)

NOTE 14 - SEGMENT REPORTING (De

NOTE 14 - SEGMENT REPORTING (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 1,270,176	$ 88,384
Worlds Online
Revenues	798	806
Depreciation and amortization
Loss before taxes	(600,378)	(6,817,846)
Capital expenditures
Assets	40,935	224,018
MariMed
Revenues	1,326,003	87,578
Depreciation and amortization	1,206,003	20,000
Loss before taxes	(1,246,525)	(603,445)
Capital expenditures	3,048,776	2,666
Assets	$ 3,676,798	$ 1,428,281

NOTE 1 - DESCRIPTION OF BUSIN34

NOTE 1 - DESCRIPTION OF BUSINESS & SUMMARY OF ACCTING POLICIES (Details Narrative)	Sep. 29, 2014USD ($)$ / shares
Notes to Financial Statements
Purchase price, shares	$ 31,954,236
Registrant's common stock at price per share (I)	0.15
Registrant's common stock at price per share (II)	$ 0.35
Percentage of MariMed's outstanding equity	49
Common stock fair value | $	$ 5,911,534
Common stock fair value price per share	$ 0.185
Percentag of stock option fair value measured by the Black-Sholes valuation model | $	$ 569,682
Risk free interest - percentage	1.56
Dividend yield - percentage	0.00%
Volatility - percentage	311

NOTE 3 - USE OF EQUITY AS COM35

NOTE 3 - USE OF EQUITY AS COMPENSATION (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Aggregated shares issued	166,210	129,688
Common stock issued for accrued expenses	$ 22,375	$ 10,750

NOTE 4 - DEFERRED REVENUE (Deta

NOTE 4 - DEFERRED REVENUE (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	$ 226,950	$ 226,950

NOTE 5 - PROPERTY AND EQUIPME37

NOTE 5 - PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Notes to Financial Statements
Purchase of buidling improvements, land and equipment	$ 3,048,776
Property and equipment	84,140	$ 2,666
Depreciation expense	$ 839,336

NOTE 6 - STOCK OPTIONS (Details

NOTE 6 - STOCK OPTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock option issued - total	300,000	450,000
Additional options for CFO	300,000
Shares to be purchase upon option exercise - each director	100,000	100,000
Shares to be purchase upon option exercise CFO	300,000
Price per share	13.00%	8.00%
Equity compensation expense	$ 45,946	$ 35,999
Risk-free interest - option and warrants	163.00%	152.00%
Volatily	17.50%	37.50%
Warrants issued	55,000
Warrants expense	$ 7,036
Volatily	27.10%

NOTE 7 - INCOME TAXES (Details

NOTE 7 - INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net operating loss carry forward	$ 2,942,820
Deferred tax asset consist of a net operating loss calculated using federal and state effective tax rates equating to	1,326,000
Valuation allowance increased by	$ 293,232	$ 349,000

NOTE 8 - TRADING SECURITIES (40

NOTE 8 - TRADING SECURITIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 8 - Trading Securities Details Narrative
Unrealized loss	$ 3,838	$ 10,355
Unrealized gain	480	343
Reallized gain		$ 5,404

NOTE 9 - RELATED PARTY TRANSA41

NOTE 9 - RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Deferred revenue	$ 226,950	$ 226,950
Receivables due	39,380	9,426
Balance due from related parties	$ 125,902	$ 1,930

NOTE 10 - COMMITMENTS AND CON42

NOTE 10 - COMMITMENTS AND CONTINGENCIES (Details Narrative)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Aug. 30, 2012USD ($)$ / sharesshares
Commitments and Contingencies Disclosure [Abstract]
Base salary - president			$ 175,000
Annual increase rate			0.10
Car allowance per month			$ 500
Anual bonus rate			25.00%
Additional bonus 1			$ 75,000
Minimum Pre-Tax income increase rate			15000.00%
Maximum Pre-Tax income increase rate			200
Additional bonus 2			$ 100,000
Pre-Tax income increase rate - minimum			201.00%
Pre-Tax income increase rate - maximum			250.00%
Additional bonus 3			$ 200,000
Pre-Tax income increase rate - minimum			251.00%
Additional bonus to pre-tax income - maximum			5.00%
Life insurance premiums			$ 10,000
Options granted | shares			4,500,000
Options exercise price | $ / shares			$ 0.01
Death benefit			$ 2,000,000
Times of base amount upon change of control			2.99
Salary balance due and included accrued expenses	$ 599,265	$ 387,457

NOTE 11 - NON-CONTROLLING INTER

NOTE 11 - NON-CONTROLLING INTEREST (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 29, 2014USD ($)
Equity [Abstract]
Percentage of ownership in MariMed Advisors, Inc.I			0.100
Percentage of ownership in MariMed Advisors, Inc. II			0.051
Allocation of ownership interest value			$ (41,159)
Net loss - non-controlling interest	$ (635,569)	$ 201,750
Interest Non-controlling	$ (526,977)	$ (242,909)

NOTE 12 - LOSS ON EXTINGUISHM44

NOTE 12 - LOSS ON EXTINGUISHMENT OF DEBT (Details Narrative)	12 Months Ended
	Dec. 31, 2014USD ($)shares
Debt Disclosure [Abstract]
Shares Issued | shares	129,688
Fair Market Value	$ 29,828
Accrued Expense	10,750
Difference between fair market value and accrued expense	$ 19,078

NOTE 13 - GOODWILL IMPAIRMENT45

NOTE 13 - GOODWILL IMPAIRMENT LOSS (Details Narrative)	Sep. 29, 2014USD ($)$ / sharesshares
Accounting Policies [Abstract]
Company's common stock equals	0.50
Exercise price	0.49
Company indirectly own Sigal Consulting LLC	1
MariMed ownership	0.51
Ownership interest of Sigal | shares	31,954,236
Registrant's common stock at price per share (I)	$ 0.15
Registrant's common stock at price per share (II)	$ 0.35
Percentage of MariMed's outstanding equity	49
Common stock fair value | $	$ 5,911,534
Common stock fair value price per share	$ 0.185
Percentage of stock option fair value measured by the Black-Sholes valuation model | $	$ 569,682
Risk free interest - percentage	1.56
Dividend yield - percentage	0.00%
Volatility - percentage	311

NOTE 15 - MATERIAL TRANSACTION

NOTE 15 - MATERIAL TRANSACTION (Detail Narrative)	Dec. 31, 2015USD ($)shares	Jan. 02, 2015USD ($)
Note 15 - Material Transaction Detail Narrative
Promisory Note - First State Compassion Center, Inc.		$ 1,100,000
Interest Rate		12.5
Note balance	$ 688,359
Shares issued | shares	1,695,000

NOTE 16 - NOTES PAYABLE (Detail

NOTE 16 - NOTES PAYABLE (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Notes to Financial Statements
Promissory notes	$ 1,575,000
Repayment of note	$ 375,000
Interest rate	10.00%

NOTE 17 - SUBSEQUENT EVENT (Det

NOTE 17 - SUBSEQUENT EVENT (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Subsequent Events [Abstract]
Promissory notes	$ 950,000