WDDD Worlds
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 • Activision Blizzard • BlackBerry • NortonLifeLock • Adobe • Vmware • Ceridian HCM Holding • McAfee • SolarWinds ...
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
16 Mar 21
22 Apr 21
31 Dec 21
Financial summary
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Financial data from Worlds earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 474.59K | 474.59K | 474.59K | 474.59K | 474.59K | 474.59K |
Cash burn (monthly) | 105.27K | 91.35K | 121.25K | 125.57K | 104.08K | 90.17K |
Cash used (since last report) | 393.92K | 341.85K | 453.72K | 469.86K | 389.46K | 337.41K |
Cash remaining | 80.66K | 132.74K | 20.87K | 4.73K | 85.13K | 137.18K |
Runway (months of cash) | 0.8 | 1.5 | 0.2 | 0.0 | 0.8 | 1.5 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
0.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 2 |
Opened positions | 2 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 46K |
Total shares | 153.36K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Hudson Valley Investment Advisors | 153.35K | $46K |
Captrust Financial Advisors | 10 | $0 |
Financial report summary
?Management Discussion
- Revenue was $0 for the years ended December 31, 2020 and 2019. All the operations were transferred over to MariMed Inc. in the spin off. The Company’s sources of revenue are anticipated to be from enforcing our patents in litigation or otherwise. We still need to raise a sufficient amount of capital to provide the resources required that would enable us to expand our business.
- Selling general and administrative (S, G & A) expenses increased by $400,817 from $630,655 to $1,031,472 for the year ended December 31, 2020. The increase is due to an increase in legal costs related to the patent infringement litigation cases.
Content analysis
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Readability |
7th grade Good
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New words:
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Financial reports
10-K
2020 FY
Annual report
16 Mar 21
10-Q
2020 Q3
Quarterly report
12 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
12 May 20
10-K
2019 FY
Annual report
30 Mar 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
9 Aug 19
10-Q
2019 Q1
Quarterly report
14 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
14 Nov 18
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
IPO registration
1 May 18
S-1
IPO registration
22 Aug 16
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
Proxies
DEFR14A
Revised proxy
16 May 16
DEF 14A
Definitive proxy
14 Apr 16
PRE 14A
Preliminary proxy
23 Mar 16
DEF 14A
Definitive proxy
6 Jun 13
PRER14A
Preliminary revised proxy
2 Jun 13
PRE 14A
Preliminary proxy
23 May 13
DEF 14A
Definitive proxy
18 May 10
PRER14A
Preliminary revised proxy
6 May 10
PRE 14A
Preliminary proxy
19 Apr 10
PRE 14A
Preliminary proxy
16 Sep 99
Other
EFFECT
Notice of effectiveness
22 Jun 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
UPLOAD
Letter from SEC
15 Jul 14
CORRESP
Correspondence with SEC
6 Jul 14