Worlds Inc. is a company focused on creating virtual worlds and monetizing NFTs and celebrity-driven virtual reality worlds, with a history of 3D entertainment portal operations.

# Company Summary: Worlds Inc.

## Overview
- Worlds Inc. is a company that specialized in developing and leveraging 3D virtual worlds and internet portals.
- The company historically operated as a leading 3D entertainment portal, creating virtual, multi-user environments (referred to as "worlds").
- These virtual environments featured engaging visuals, animations, and content where users could socialize, attend events, shop, and be entertained.

## Business Operations & Focus
- In May 2011, the company transferred most of its operations and assets to its wholly owned subsidiary, Worlds Online Inc. (which was renamed MariMed Inc. in 2017). 
- The company retained its patent portfolio related to virtual worlds.
- Its current primary business model is centered on monetizing a collection of non-fungible tokens (NFTs) and legacy celebrity-driven virtual reality worlds.
- It is exploring strategic alliances related to virtual reality (VR) platforms to reestablish a presence in the VR/AR market.
- The company designs and develops software, content, and technology for creating interactive 3D websites and environments.

## Technology & Products
- Core technology components include:
  - **WorldsShaper:** Visual authoring tool for rapid creation of multi-user virtual worlds, integrating 3D models, textures, sounds, and interactive behaviors written in Java.
  - **WorldsServer:** Controls online virtual communities, manages user registration, locations, objects, chat interactions, and streams multimedia content.
  - **WorldsBrowser:** A fast, optimized browser for accessing 3D environments.
  - **WorldsPlayer:** Allows users to view and navigate created worlds, supporting high frame rates and interactive features like avatars, chat, voice, email, and shopping.
  - **Worlds Gamma Libraries:** Sample content including worlds, textures, models, avatars, sounds, and behaviors.

## Market & Competition
- Currently, the company's main focus is on monetizing NFTs and celebrity virtual worlds, with no direct competition as its operations have shifted away from its original portal model.
- Industry trends include efforts towards standardization of 3D content on the internet, which could impact the company's technology.

## Intellectual Property
- Holds patents related to its virtual environment technology.
- Trademarked "Worldsplayer" to facilitate user experiences within its virtual worlds.

## Employees & Management
- As of December 31, 2024, the company has only **one employee**, which is its CEO, Thomas Kidrin.
- The company’s leadership includes:
  - Thomas Kidrin (President, CEO, Secretary, Treasurer)
  - Christopher J. Ryan (CFO and Vice President-Finance)
  - Leonard Toboroff (Director)

## Financials
- **Revenue:** As of December 31, 2024, the company **generated no operating revenue**.
- **Net Income/Loss:** Reported a **net loss of $511,382** for the year ending December 31, 2024.
- **Assets:** Total assets of approximately **$15,130**.
- **Cash & Equivalents:** $6,380 as of December 31, 2024.
- **Share Count:** 57,112,506 shares of common stock outstanding as of March 28, 2025.
- The company has incurred significant losses historically and has a working capital deficiency, raising substantial doubt about its ability to continue as a going concern without additional funding.

## Additional Notes
- The company operates out of a small office space in Brookline, MA, occupying approximately 800 square feet, currently operating rent-free.
- It has historically used technology to create interactive virtual worlds but currently is mainly focused on monetizing NFTs and celebrity VR worlds, with no current operating revenue and limited personnel.

Worlds Inc. is a Massachusetts-based company focused on monetizing its intellectual property in virtual and augmented reality, primarily through NFTs and legacy virtual reality worlds.

# Company Overview

## General Information
- **Name**: Worlds Inc. (formerly known as Worlds.com Inc.)
- **CEO**: Thomas Kidrin
- **Location**: Operating out of the president's residence in Brookline, Massachusetts.

## Business Model
Worlds Inc. is primarily focused on monetizing its intellectual property (IP) assets, which include a collection of non-fungible tokens (NFTs) and legacy celebrity virtual reality worlds. The company had previously operated as a leading 3D entertainment portal, but after a spin-off in 2011, it now concentrates on leveraging its existing software and technology to explore niche market opportunities in virtual and augmented reality.

## Technology and Offerings
- **Core Technologies**: 
  - **WorldsShaper**: A tool for creating 3D environments, allowing for quick assembly of multi-user virtual worlds.
  - **WorldsServer**: Manages online communities, user registration, and interactions within 3D environments.
  - **WorldsBrowser**: A browser optimized for accessing 3D environments.
  - **WorldsPlayer™**: Enables users to experience and navigate the 3D worlds created with WorldsShaper.
  - **Worlds Gamma Libraries**: A collection of sample worlds, textures, models, and other resources for building 3D environments.

## Financial Information
- **Employees**: As of December 31, 2023, the company has one employee (CEO Thomas Kidrin).
- **Revenue**: The company does not generate revenue at present, focusing instead on the development and monetization of its IP assets.
- **Income**: The company has experienced significant net losses since inception and anticipates continuing to incur losses in the short term until it can successfully monetize its IP.

## Customer Base
- The company does not specify a number of active customers, given its current focus on developing its portfolio of IP assets rather than actively marketing products or services.

## Recent Developments
- The company has sold a URL during the year and is seeking business partnerships to maximize the use of its intellectual property.

## Legal and Operational Standing
- **Legal Proceedings**: There are no legal proceedings involving the company.
- **Office Space**: The company operates from approximately 800 square feet in the president's residence, with no formal lease agreements in place. 

## Risks and Challenges
- The company faces substantial risks including the need for adequate revenue generation, the achievement of IP monetization, the potential for significant development costs, and reliance on the personal efforts of the CEO.

Overall, Worlds Inc. is in a transitional phase, concentrating on its core competencies in virtual world technology while navigating the complexities of monetizing its intellectual property in a new marketplace.

WORLDS INC

10-K / April 1, 2025

10-K / April 15, 2024

10-K / April 1, 2025

Company Summary: Worlds Inc.

Overview

Business Operations & Focus

Technology & Products

Market & Competition

Intellectual Property

Employees & Management

Financials

Additional Notes