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UNITED STATES

| New      Jersey                                         22-1848316 -------------------------------                     -----------------------(State      or other jurisdiction      of                     (I.R.S.      Employer ID No.)                                                                                                   incorporation or organization)  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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PARTI – FINANCIAL INFORMATION

|                                                                                                    |   | Page   |   |   |
|---------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                    |   |   |   |   |
| Amended      Condensed Balance Sheets as of March 31, 2008                                              |   | F-3    |   |   |
| Amended      Condensed Statements of Operations for the three months ended March 31,      2008 and 2007 |   | F-4    |   |   |
| Amended      Condensed for the three months ended March 31, 2008 and    2007                            |   | F-5    |   |   |
| Notes      to Condensed  Financial Statements                                                 |   | F-6    |   |   |
|                                                                                                    |   |   |   |   |

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| Worlds.com      Inc                                                                                                                                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Balance      Sheets                                                                                                                                                                |
| March      31, 2008 and December 31, 2007                                                                                                                                          |   |
|                                                                                                                                                                               |   | (Restated) |   |   | (Restated) |   |
|                                                                                                                                                                               | Unaudited |   |   | Audited |   |
|                                                                                                                                                                               |   | 31-Mar-08 |   |   | 31-Dec-07 |   |
| Current      Assets                                                                                                                                                                |   |   |   |   |   |   |
| Cash      and cash equivalents                                                                                                                                                     |   | $ | 192,374 |   |   | $ | 271,334 |   |
| Deferred      costs                                                                                                                                                                |   |   |   |   |   |   | 55,694 |   |
| Prepaid      expenses                                                                                                                                                              |   |   | - |   |   |   | 9,860 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Total      Current Assets                                                                                                                                                          |   |   | 192,374 |   |   |   | 336,888 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Property      and equipment, net of                                                                                                                                                |   |   |   |   |   |   |   |   |
| accumulated      depreciation                                                                                                                                                      |   |   | 10,109 |   |   |   | 9,375 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| TOTAL      ASSETS                                                                                                                                                                  |   | $ | 202,483 |   |   | $ | 346,263 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Current      Liabilities                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Accounts      payable                                                                                                                                                              |   | $ | 958,875 |   |   | $ | 1,069,298 |   |
| Accrued      expenses                                                                                                                                                              |   |   | 1,307,176 |   |   |   | 1,336,179 |   |
| Deferred      Revenue                                                                                                                                                              |   |   | 631,950 |   |   |   | 631,950 |   |
| Notes      Payable                                                                                                                                                                 |   |   | 773,279 |   |   |   | 773,279 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Total      Current Liabilities                                                                                                                                                     |   |   | 3,671,280 |   |   |   | 3,810,706 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Stockholders      (Deficit)                                                                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Common      stock (par value $.001, authorized 65,000,000 shares, issued and      outstanding 50,642,157 and 44,824,314 at March 31, 2008 and December 31,      2007 respectively) |   | $ | 50,540 |   |   | $ | 44,824 |   |
| Common      stock subscribed but not yet issued (none and 5,411,764 common shares at      March 31, 2008 and December 31, 2007 respectively)                                       |   |   | - |   |   |   | 5,411 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Additional      Paid in Capital                                                                                                                                                    |   |   | 21,263,053 |   |   |   | 21,140,760 |   |
| Accumulated      Deficit                                                                                                                                                           |   |   | (24,782,390 | ) |   |   |    (24,655,438) |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Total      stockholders deficit                                                                                                                                                    |   |   | (3,468,797 | ) |   |   | (3,464,443 | ) |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Total      Liabilities and stockholders deficit                                                                                                                                    |   | $ | 202,483 |   |   | $ | 346,263 |   |
|                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| See      Notes to Condensed Financial Statements                                                                                                                                   |   |

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| Worlds.com,      Inc.                                   |
|---------------------------------------------------------|
| Statement      of Operations                            |
| For      the Three Months Ended March 31, 2008 and 2007 |
|                                                    |   |   |   |   |   |   |   |
|                                                    |   |   | (Restated) |   |   | (Restated) |   |
|                                                    |   |   | 2008 |   |   | 2007 |   |
| Revenues                                                |   |   |   |   |   |   |   |
|                                                    | Revenue |   | $ | 91,099 |   |   | $ | 1,554 |   |
|                                                    |   |   |   |   |   |   |   |   |   |
| Total                                                   |   |   |   | 91,099 |   |   |   | 1,554 |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |
| Cost      and Expenses                                  |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    | Cost      of Revenue |   |   | 89,548 |   |   |   | 8,519 |   |
|                                                    | Selling,      General & Admin. |   |   | 109,505 |   |   |   | 5,178 |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    | Operating      loss |   |   | (107,954 | ) |   |   | (12,143 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |
| Other      Income (Expense)                             |   |   |   |   |   |   |   |   |
|                                                    | Interest      Expense |   |   |   |   |   |   | (38,461 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |
| Net      Loss                                           |   |   | $ | (107,954 | ) |   | $ | (50,604 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |
| See      Notes to Condensed Financial Statements        |   |

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| Worlds.com,      Inc.                                                              |
|------------------------------------------------------------------------------------|
| Statement      of Cash Flows                                                       |
| For      the three months ended March 31, 2008 and 2007                            |
|                                                                               |   |   |   |   |   |
|                                                                               |   |   | (Restated) |   | (Restated) |
|                                                                               |   |   | 2008 |   | 2007 |
| Cash      flows from operating activities                                          |   |   |   |   |   |
| Net      (loss)                                                                    |   |   |  $         (107,954) |   |  $         (50,604) |
| Adjustments      to reconcile net loss to net cash used in operating    activities |   |   |   |   |   |
| Depreciation                                                                       |   |   |                       781 |   |                        - |
| Deferred      costs                                                                |   |   |                  55,695 |   |                        - |
| Prepaid      expenses and other current assets                                     |   |   |                    9,860 |   |                        - |
|                                                                               |   |   |   |   |   |
| Accounts      payable and accrued expenses                                         |   |   |                (35,826) |   |               44,461 |
| Loan                                                                               |   |   |                           - |   |                 7,500 |
|                                                                               |   |   |   |   |   |
| Net      cash used in operating activities                                         |   |   |                (77,444) |   |                 1,357 |
|                                                                               |   |   |   |   |   |
| Cash      flows from investing activities                                          |   |   |   |   |   |
| Acquisition      of property and equipment                                         |   |   |                  (1,516) |   |                        - |
|                                                                               |   |   |   |   |   |
| Net      cash used in investing activities                                         |   |   |                  (1,516) |   |                        - |
|                                                                               |   |   |   |   |   |
|                                                                               |   |   |   |   |   |
| Net      (decrease) in cash                                                        |   |   |                (78,960) |   |                 1,357 |
|                                                                               |   |   |   |   |   |
| Cash      beginning of period                                                      |   |   | 271,334 |   | 2,041 |
|                                                                               |   |   |   |   |   |
| Cash      end of period                                                            |   |   |  $           192,374 |   |  $             3,398 |
|                                                                               |   |   |   |   |   |
|                                                                               |   |   |   |   |   |
| Supplemental      disclosure of cash flow information:                             |   |   |   |   |   |
| Cash      paid during the period for                                               |   |   |   |   |   |
|  Interest                                                                     |   |   |  $                      - |   |  $                    - |
| Income      taxes                                                                  |   |   |  $                      - |   |  $                    - |
|                                                                               |   |   |   |   |   |
|                                                                               |   |   |   |   |   |
| See      Notes to Condensed FinancialStatements                                    |

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| ·   | VIP      subscriptions to our Worlds Ultimate 3-D Chat service;  and |
|--------------------|----------------------------------------------------------------------|

| ·   | Software      development to provide and pilot a Demo site for a 3-D    world. |
|--------------------|--------------------------------------------------------------------------------|

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Liquidity and Capital Resources

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| 31.1   |   | Certification of Chief Executive      Officer                                                                                 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                          |
| 31.2   |   | Certification of Chief Financial      Officer                                                                                 |
|   |   |                                                                                                                          |
| 32.1   |   | Statement required by 18 U.S.C.      Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act      of 2002. |
|   |   |                                                                                                                          |
| 32.2   |   | Statement required by 18 U.S.C.      Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act      of 2002. |

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|         /s/ Thomas      KidrinBy: Thomas      Kidrin       President,      CEO and Treasurer         /s/ Christopher      RyanBy: Christopher      Ryan       Chief      Financial Officer and       Principal      Accounting Officer |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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XHIBITS

| Exhibit      No. |   | Description                                                                                                                   |
|------------------|--------|-------------------------------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                                          |
| 31.1             |   | Certification of Chief Executive      Officer                                                                                 |
|             |   |                                                                                                                          |
| 31.2             |   | Certification of Chief Financial      Officer                                                                                 |
|             |   |                                                                                                                          |
| 32.1             |   | Statement      required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of      the Sarbanes-Oxley Act of 2002. |
|             |   |                                                                                                                          |
| 32.2             |   | Statement      required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of      the Sarbanes-Oxley Act of 2002. |