Docoh
Loading...

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
Former names
ACADEMIC COMPUTER SYSTEMS INC, WORLDS COM INC, Worlds.com, Inc.
SEC CIK
IRS number
221848316

WDDD stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

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 Prev Q Change
Total holders 2 0 NEW
Opened positions 2 0 NEW
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 46K 0 NEW
Total shares 153.36K 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Hudson Valley Investment Advisors 153.35K $46K NEW
Captrust Financial Advisors 10 $0 NEW
Largest transactions
Shares Bought/sold Change
Hudson Valley Investment Advisors 153.35K +153.35K NEW
Captrust Financial Advisors 10 +10 NEW

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
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Good
New words: Alan, Albright, alter, arm, asserted, awaiting, Berquist, burden, condensed, confer, conference, critical, Daily, Daubert, Davidson, deadline, Defendant, dispute, economy, entrepreneur, enumerated, estoppel, extrinsic, Gowdey, havoc, hour, Jackon, joint, Jury, length, limine, Markman, Microsoft, mindful, mitigate, narrow, narrowed, narrowing, notice, opposition, pandemic, Plaintiff, preliminary, prescribed, pretrial, proof, readily, rebuttal, reclassified, resumed, revised, riskier, Selection, Submission, surviving, sweeping, TBD, temporarily, thereto, Transcript, triable, Western, whichever, wreaking
Removed: advertising, appealed, behalf, CAFC, cancel, canceling, Circuit, contested, expensed, exploration, gain, Godfrey, holder, hope, instituted, marketable, mirror, oral, Petition, prepare, represented, subscription, Susman, treated, vigorously