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UNITED      STATES

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

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PART      I – FINANCIAL INFORMATION

|                                                                                                                               |   | Page   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                               |   |   |   |   |
| Condensed                 Balance Sheets as of March 31, 2002                                                                 |   | 3      |   |   |
| Condensed                Statements of Operations for the three months ended March 31, 2002                and                2001 |   | 4      |   |   |
| Condensed Statement                of Cash Flows for the three months ended March 31, 2002 and                2001  |   | 5      |   |   |
| Notes                to Condensed Financial Statements                                                                        |   | 6-9    |   |   |
|                                                                                                                               |   |   |   |   |

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| Worlds.com,                  IncBalance                  Sheets(Unaudited)As                  of March 31,                  2002 |
|----------------------------------------------------------------------------------------------------------------------------------|
| Current                  Assets                                                                                                  |   |   |   |
| Cash                  and cash                  equivalents                                                                      |   |  $ | 6,704 |   |
|                                                                                                                             |   |   |   |   |
|                                                                                                                             |   |   |   |   |
| Total                  Current                  Assets                                                                           |   |   | 6,704 |   |
|                                                                                                                             |   |   |   |   |
| Property                  and                  equipment  net of                                                       |   |   |   |   |
| accumulated                  depreciation                                                                                        |   |   | - |   |
|                                                                                                                             |   |   |   |   |
|                                                                                                                             |   |   |   |   |
| TOTAL                  ASSETS                                                                                                    |   |  $ | 6,704 |   |
|                                                                                                                             |   |   |   |   |
|                                                                                                                             |   |   |   |   |
|                                                                                                                             |   |   |   |   |
| Current                  Liabilities                                                                                             |   |   |   |   |
| Accounts                  payable                                                                                                |   |   | 1,145,931 |   |
| Accrued                  expenses                                                                                                |   |   | 717,875 |   |
| Deferred                  Revenue                                                                                                |   |   | 631,950 |   |
|  Current                  maturities notes                  payable                                                         |   |   | 2,181,212 |   |
|                                                                                                                             |   |   |   |   |
| Total                  Current                  Liabilities                                                                      |   |   | 4,676,967 |   |
|                                                                                                                             |   |   |   |   |
|                                                                                                                             |   |   |   |   |
| Stockholders                  Equity                  (Deficit)                                                                  |   |   |   |   |
|                                                                                                                             |   |   |   |   |
| Common                  stock                                                                                                    |   |   | 33,824 |   |
|  Additional                  Paid in                  Capital                                                               |   |   | 20,146,723 |   |
| Accumulated                  Deficit                                                                                             |   |   | (24,850,809 | ) |
|                                                                                                                             |   |  $ |   |   |
|  Total                  stockholders                  deficit                                                               |   |   | (4,670,263 | ) |
|                                                                                                                             |   |   |   |   |
|  Total                  Liabilities and                  stockholders deficit                                               |   |  $ | 6,704 |   |
| The                  accompanying notes are an integral part of these financial                  statements                      |

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| Worlds.com,                  Inc.Statements                  of Operations(Unaudited)For                  the Three months ended March 31, 2002 and 2001 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                          |   | Three                  months ended March                  31, |   |
|                                                                                                                                                          |   | 2002 |   |   | 2001 |   |
|                                                                                                                                                          |   |   |   |   |   |   |
|                                                                                                                                                          |   |   |   |   |   |   |
| Revenues                                                                                                                                                      |   |   |   |   |   |   |   |
|                                                                                                                                                          | Revenue |   |  $ | 83,948 |   |   |  $ | 177,756 |   |
|                                                                                                                                                          | Revenue                  from terminated                  contract |   |   | - |   |   |   | 834,722 |   |
| Total                                                                                                                                                         |   |   |   | 83,948 |   |   |   | 1,012,478 |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
| Cost                  and                  Expenses                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                          | Cost                  of                  Revenue |   |   | 14,514 |   |   |   | 194,280 |   |
|                                                                                                                                                          | Selling                  General &                  Admin |   |   | 1,816 |   |   |   | 1,408,103 |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                          | Operating                  income                  (loss) |   |   | 67,618 |   |   |   | (589,905 | ) |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
| Other                  Income                  Expense                                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                                                                                          | Interest                  Income |   |   | - |   |   |   | 6,020 |   |
|                                                                                                                                                          | Interest                  Expense |   |   | 38,461 |   |   |   | 785,224 |   |
|                                                                                                                                                          | Offering                  Expense |   |   | - |   |   |   | 208,880 |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                          |   |   |   |   |   |   |   |   |   |
| Net                  Gain/(Loss)                                                                                                                              |   |  $ | 29,157 |   |   |  $ | (1,577,989 | ) |
| The                  accompanying notes are an integral part of these financial                  statements                                                   |

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| Worlds.com,                  IncStatements                  of Cash Flows(Unaudited)For                  the three months ended March 30, 2002  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                           |   | 2002 |   |   | 2001 |   |
|                                                                                                                                                           |   |   |   |   |   |   |
| Cash                  flows from operating                  activities                                                                                         |   |   |   |   |   |   |
| Net                  Income/(loss)                                                                                                                             |   |  $ | 29,157 |   |   |  $ | (1,577,989 | ) |
| Adjustments                  to reconcile net loss                  to net cash used                                                                           |   |   |   |   |   |
| in                  operating                  activities                                                                                                      |   |   |   |   |   |   |   |   |
|  Dep&                  amort                                                                                                                          |   |   | - |   |   |   | 185,988 |   |
|  Accretion                  of deferred                  revenue                                                                                          |   |   | (66,937 | ) |   |   | (855,186 | ) |
| Consulting                  expense related to the                  issuance                                                                                   |   |   |   |   |   |
|  of                  stock                  options                                                                                                       |   |   | - |   |   |   | 165,000 |   |
|  Interest                  expense on                  beneficial conversion                                                                              |   |   |   |   |   |   |   |   |
|  private                  placement                                                                                                                       |   |   | - |   |   |   | 746,381 |   |
|  Placements                  fee and bonus                  expense paid                                                                                  |   |   |   |   |   |   |   |   |
|  with                  convertible                  notes                                                                                                 |   |   | - |   |   |   | 95,000 |   |
|  Accounts                  receivable                                                                                                                     |   |   | - |   |   |   | 142,875 |   |
| Prepaid                  expenses and other current                  assets                                                                                    |   |   | - |   |   |   | 199,826 |   |
|  inventories                                                                                                                                              |   |   | - |   |   |   | 87,580 |   |
|  accounts                  payable and                  accrued expenses                                                                                  |   |   | 38,596 |   |   |   | (377,659 | ) |
|  deferred                  revenue                                                                                                                        |   |   |   |   |   |   | 55,547 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Net                  cash used in operating                  activities                                                                                        |   |   | 816 |   |   |   | (1,092,637 | ) |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Cash                  flows from investing                  activities                                                                                         |   |   |   |   |   |   |   |   |
| Acquisition                  of property and                  equipment                                                                                        |   |   | - |   |   |   | - |   |
|  Additions                  to software                  development costs                                                                                |   |   | - |   |   |   | (80,324 | ) |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Net                  cash used in investing                  activities                                                                                        |   |   | - |   |   |   | (80,324 | ) |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Cash                  flows from financing                  activities                                                                                         |   |   |   |   |   |   |   |   |
| Proceeds                  from sale of Convertible                  Notes                                                                                      |   |   | - |   |   |   | 1,250,000 |   |
| Net                  cash provided from investing                  activities                                                                                  |   |   | - |   |   |   | 1,250,000 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Net                  increase(decrease) in                  cash                                                                                               |   |   | 816 |   |   |   | 77,039 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Cash                  beginning of                  period                                                                                                     |   |   | 5,888 |   |   |   | 38,101 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Cash                  end of                  period                                                                                                           |   |  $ | 6,704 |   |   |  $ | 115,140 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Supplemental                  disclosure of cash                  flow information:                                                                            |   |   |   |   |   |   |   |   |
| Cash                  paid during the year                  for                                                                                                |   |   |   |   |   |   |   |   |
|  Interest                                                                                                                                                 |   |   | - |   |   |   | - |   |
|  Income                  taxes                                                                                                                            |   |   | - |   |   |   | - |   |
| The                  accompanying notes are an integral part of these financial                  statements                                                    |

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Liquidity      and Capital Resources

    During      the first quarter of 2008 our      Certifying Officers evaluated the effectiveness of our disclosure controls      and      procedures. Based on the evaluation, the Certifying Officers concluded that      our      disclosure controls and procedures were effective to provide reasonable      assurance that information required of the end of the period covered by this      report to be disclosed by us in the reports that we file or submit under      the Exchange Act is recorded, processed, summarized and reported, within the      time periods specified in the applicable rules and forms, and that it is      accumulated and communicated to our management, including the Certifying      Officers, as appropriate to allow timely decisions regarding required      disclosure.

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None.

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|   By:                /s/ Thomas                Kidrin  Thomas                Kidrin  President,                CEO and Treasurer                                         By: /s/Christopher                Ryan   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. |