On March 31, 2011, it was announced that our board had determined it would be in the best interest of our shareholders to transfer all of our online and operational technologies to our subsidiary, Worlds Online Inc. (currently called MariMed Inc.). The assets were transferred as of May 16, 2011 and included: Worlds’ technology platform, Worlds Ultimate Chat, Aerosmith World, DMC Worlds, Cinema Virtual, Pearson contracts and related revenue, 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 Company also entered into a License Agreement with MariMed Inc. to sublicense its patented technologies, which License expired upon the expiration of the underlying patents.
Company profile
Ticker
WDDD
Exchange
Website
CEO
Thomas Kidrin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Full Truck Alliance ...
Former names
ACADEMIC COMPUTER SYSTEMS INC, WORLDS COM INC, Worlds.com, Inc.
SEC CIK
Corporate docs
IRS number
221848316
WDDD stock data
Investment data
Securities sold
Number of investors
Calendar
10 Aug 22
20 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 36.97K | 36.97K | 36.97K | 36.97K | 36.97K | 36.97K |
Cash burn (monthly) | 9.08K | 50.85K | 69.52K | 136.01K | 87.49K | 111.98K |
Cash used (since last report) | 15.3K | 85.65K | 117.12K | 229.13K | 147.38K | 188.64K |
Cash remaining | 21.68K | -48.68K | -80.14K | -192.16K | -110.41K | -151.67K |
Runway (months of cash) | 2.4 | -1.0 | -1.2 | -1.4 | -1.3 | -1.4 |
Institutional ownership, Q2 2021
0.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 12K |
Total shares | 120.01K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Hudson Valley Investment Advisors | 120K | $12K |
Captrust Financial Advisors | 10 | $0 |
Financial report summary
?Management Discussion
- Item 2. Management's Discussions and Analysis of Financial Condition and Results of Operations
- When used in this Form 10-Q and in other filings by the Company with the Commission, the words or phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," “hope”, "may," "plan," "predict," "project," "will" or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on any such forward looking statements, each of which speak only as of the date made. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. The Company has no obligation to publicly release the result of any revisions which may be made to any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements.
- These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different. These factors include, but are not limited to, changes that may occur to general economic and business conditions resulting from changes in political, social and economic conditions (whether or not related to terrorism, war, pandemic, weather, environmental or other factors) in the jurisdictions in which we operate and changes to regulations that pertain to our operations.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
agree, certiorari, distributed, petition, petitioned, Supreme, vote, writ
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
22 Feb 19
8-K
Changes in Registrant's Certifying Accountant
13 Dec 18
8-K
Entry into a Material Definitive Agreement
3 Sep 18
8-K
Unregistered Sales of Equity Securities
9 Aug 16
8-K
Submission of Matters to a Vote of Security Holders
20 Jun 16
8-K/A
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
18 Oct 15
8-K
Other Events
22 Jan 15
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
13 Oct 14
8-K
Submission of Matters to a Vote of Security Holders
23 Jul 13
8-K
Entry into a Material Definitive Agreement
15 Jul 13
Registration and prospectus
S-1/A
IPO registration (amended)
8 Jun 18
S-1
2013 Q3
IPO registration
3 Feb 14
S-8
Registration of securities for employees
23 May 13
D
$500K in equity / options, sold $302K, 15 investors
13 Feb 13
S-8
Registration of securities for employees
21 Nov 11
S-8
Registration of securities for employees
13 Mar 11
S-8
Registration of securities for employees
19 Dec 10
SB-2/A
Registration of securities for small business issuer (amended)
6 Feb 01
Other
EFFECT
Notice of effectiveness
22 Jun 18
CORRESP
Correspondence with SEC
18 Jun 18
UPLOAD
Letter from SEC
14 May 18
UPLOAD
Letter from SEC
30 Aug 17
UPLOAD
Letter from SEC
16 Aug 17
EFFECT
Notice of effectiveness
6 Sep 16
CORRESP
Correspondence with SEC
1 Sep 16
UPLOAD
Letter from SEC
30 Aug 16
UPLOAD
Letter from SEC
19 Oct 15
UPLOAD
Letter from SEC
19 Oct 14