UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q/A



| | ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ---------------------------------------------------------------------------------------



For the quarterly period ended June 30, 2012



☐         TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from ___ to ___



Commission file number: 000-31023



WORLDNET, INC. OF NEVADA

(Exact name of registrant as specified in its
charter)

|Nevada
        (State or other jurisdiction of incorporation or organization)                           | 88-0247824
        (I.R.S. Employer Identification No.)
|------------------------------------------------------------------------------------------------------- | -------------------------------------------------------
|#281, 369 East 900 South, Salt Lake
        City, Utah
        (Address of principal executive offices) | 84111
        (Zip Code)                               





(435) 674-1282

(Registrant’s telephone number, including
area code)



Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.

Yes ☑ No ☐



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files). 	Yes ☑ No ☐



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated
filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.



|Large accelerated filer ☐
        Non-accelerated filer ☐ | Accelerated filer ☐
        Smaller reporting company ☑
|--------------------------------------------------------- | -------------------------------------------------------



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).

Yes ☑ No ☐



The number of shares outstanding of the registrant’s common
stock as of August 1, 2012 was 18,500,000.





AMENDMENT NO. 1 TO THE QUARTERLY REPORT ON
FORM 10-Q

FOR THE QUARTER ENDED JUNE 30, 2012



EXPLANATORY NOTE





The purpose of this Amendment
No. 1 to our Quarterly Report on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission
on August 14, 2012 is to furnish Exhibits 101 to the Form 10-Q as required by Rule 405 of Regulation S-T within the 30 day grace
period provided by Rule 405(a)(2)(ii) of Regulation S-T.



No changes have been made
to the Quarterly Report other than the furnishing of Exhibit 101.INS, 101.SCH, 101.CAL, 101.DEF, 101.LAB and 101.PRE described
above. This Amendment No. 1 to Form 10-Q does not reflect subsequent events occurring after the original filing date of the Form
10-Q or modify or update in any way disclosures made in the Form 10-Q, as amended.



In addition, pursuant to
Rule 12b-15 under the Securities Exchange Act of 1934, as a result of this Amended Report, the certifications pursuant to Section
302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished, respectively as exhibits to the Original Report have
been re-executed and re-filed as of the date of this Amended Report and are included as exhibits hereto.























|       | TABLE OF CONTENTS                                                                       |   
|------ | --------------------------------------------------------------------------------------- | --
|       |                                                                                         |   
|       |                                                                                         |   
|       | PART I – FINANCIAL INFORMATION                                                          |   
|       |                                                                                         |   
|Item 1 | Financial Statements                                                                    | 2 
|       |                                                                                         |   
|       | Condensed Balance Sheets                                                                | 3 
|       | Condensed Statement of Operations                                                       | 4 
|       | Condensed Statements of Cash Flows                                                      | 5 
|       | Notes to the Unaudited Condensed Financial Statements                                   | 6 
|       |                                                                                         |   
|Item 2 | Management's Discussion and Analysis of Financial Condition and Results of Opererations | 7 
|       |                                                                                         |   
|       |                                                                                         |   
|Item 3 | Quantitative and Qualitative Disclosures about Market Risk                              | 8 
|       |                                                                                         |   
|Item 4 | Controls and Procedures                                                                 | 9 
|       |                                                                                         |   
|       | PART II – OTHER INFORMATION                                                             |   
|       |                                                                                         |   
|Item 6 | Exhibits                                                                                | 9 
|       |                                                                                         |   
|       | Signatures                                                                              | 10















PART I – FINANCIAL INFORMATION



ITEM 1. FINANCIAL STATEMENTS









WORLDNET, INC. OF NEVADA



(A Development Stage Company)



Financial Statements



June 30, 2012







WorldNet, Inc. of Nevada

(A Development Stage Company)

Condensed Balance Sheets



|                                                                                                     |  |              |          |             
|---------------------------------------------------------------------------------------------------- |  | ------------ | -------- | ------------
|                                                                                                     |  | JUN 30, 2012 |          | DEC 31, 2011
|                                                                                                     |  | (Unaudited)  |          |             
|ASSETS                                                                                               |  |              |          |             
|CURRENT ASSETS                                                                                       |  |              |          |             
|Cash                                                                                                 |  | $            | 4,862    |             
|Total current assets                                                                                 |  |              | 4,862    |             
|                                                                                                     |  |              |          |             
|TOTAL ASSETS                                                                                         |  | $            | 4,862    |             
|                                                                                                     |  |              |          |             
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                |  |              |          |             
|CURRENT LIABILITIES                                                                                  |  |              |          |             
|Accounts payable                                                                                     |  | $            | 136,750  |             
|Total current liabilities                                                                            |  |              | 136,750  |             
|Total liabilities                                                                                    |  |              | 136,750  |             
|STOCKHOLDERS' DEFICIT                                                                                |  |              |          |             
|Common stock, $.001 par value; 25,000,000 shares authorized;18,500,000 shares issued and outstanding |  |              | 18,500   |             
|Additional paid-in capital                                                                           |  |              | 47,500   |             
|Deficit accumulated during the development stage                                                     |  |              | (197,888 | )           
|Total stockholders' deficit                                                                          |  |              | (131,888 | )           
|                                                                                                     |  |              |          |             
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                          |  | $            | 4,862    |             









The accompanying notes are an integral part of
these financial statements.





WorldNet, Inc. of Nevada

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)



|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|----------------------------------- |  | --------------------------------------- | ---------- | --------------------------------------- |  | ------------------------------------- | ---------- | ------------------------------------- |  | ----------------------------------------------
|                                    |  | FOR THE THREE MONTHS ENDED JUN 30, 2012 |            | FOR THE THREE MONTHS ENDED JUN 30, 2011 |  | FOR THE SIX MONTHS ENDED JUN 30, 2012 |            | FOR THE SIX MONTHS ENDED JUN 30, 2011 |  | FROM INCEPTION ON MAR 12, 1986 TO JUN 30, 2012
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Revenues                            |  | $                                       | 0          |                                         |  | $                                     | 0          |                                       |  | $                                             
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Expenses                            |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|General and administrative          |  |                                         | 5,929      |                                         |  |                                       | 3,583      |                                       |  |                                               
|Total expenses                      |  |                                         | 5,929      |                                         |  |                                       | 3,583      |                                       |  |                                               
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Net Operating Loss                  |  |                                         | (5,929     | )                                       |  |                                       | (3,583     | )                                     |  |                                               
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Loss before income taxes            |  |                                         | (5,929     | )                                       |  |                                       | (3,583     | )                                     |  |                                               
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Taxes                               |  |                                         | 0          |                                         |  |                                       | 0          |                                       |  |                                               
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Net loss                            |  | $                                       | (5,929     | )                                       |  | $                                     | (3,583     | )                                     |  | $                                             
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Net loss per share                  |  | $                                       | (0.00      | )                                       |  | $                                     | (0.00      | )                                     |  | $                                             
|                                    |  |                                         |            |                                         |  |                                       |            |                                       |  |                                               
|Weighted average shares outstanding |  |                                         | 18,500,000 |                                         |  |                                       | 18,500,000 |                                       |  |                                               





The accompanying notes are an integral part of
these financial statements.





WorldNet, Inc. of Nevada

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)



|                                                                                   |  |                                       |         |                                       |  |                                          
|---------------------------------------------------------------------------------- |  | ------------------------------------- | ------- | ------------------------------------- |  | -----------------------------------------
|                                                                                   |  | FOR THE SIX MONTHS ENDED JUN 30, 2012 |         | FOR THE SIX MONTHS ENDED JUN 30, 2011 |  | INCEPTION ON MAR 12, 1986 TO JUN 30, 2012
|                                                                                   |  |                                       |         |                                       |  |                                          
|Cash Flows from Operating Activities                                               |  |                                       |         |                                       |  |                                          
|Net loss                                                                           |  | $                                     | (16,406 | )                                     |  | $                                        
|Adjustments to reconcile net loss to cash provided (used) by operating activities: |  |                                       |         |                                       |  |                                          
|Shares issued for services                                                         |  |                                       | 0       |                                       |  |                                          
|Depreciation and amortization                                                      |  |                                       | 0       |                                       |  |                                          
|Changes in assets and liabilities:                                                 |  |                                       |         |                                       |  |                                          
|(Increase) decrease in prepaid expenses                                            |  |                                       | 0       |                                       |  |                                          
|Increase in accounts payable and accrued expenses                                  |  |                                       | 20,950  |                                       |  |                                          
|Net cash provided (used) by operating activities                                   |  |                                       | 4,544   |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          
|Cash Flows from Investing Activities                                               |  |                                       |         |                                       |  |                                          
|Net cash provided (used) by investing activities                                   |  |                                       | 0       |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          
|Cash Flows from Financing Activities                                               |  |                                       |         |                                       |  |                                          
|Net cash provided (used) by financing activities                                   |  |                                       | 0       |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          
|Increase (decrease) in cash                                                        |  |                                       | 4,544   |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          
|Cash and cash equivalents at beginning of period                                   |  |                                       | 318     |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          
|Cash and cash equivalents at end of period                                         |  | $                                     | 4,862   |                                       |  | $                                        
|                                                                                   |  |                                       |         |                                       |  |                                          
|Supplemental Cash Flow Information:                                                |  |                                       |         |                                       |  |                                          
|Cash paid for interest                                                             |  | $                                     | 0       |                                       |  | $                                        
|Cash paid for income taxes                                                         |  | $                                     | 0       |                                       |  | $                                        
|Non-Cash Investing and Financing Activities                                        |  |                                       |         |                                       |  |                                          
|Stock issued for marketing rights                                                  |  | $                                     | 0       |                                       |  | $                                        
|Stock issued for services                                                          |  | $                                     | 0       |                                       |  | $                                        
|                                                                                   |  |                                       |         |                                       |  |                                          
|                                                                                   |  |                                       |         |                                       |  |                                          







The accompanying notes are an integral part of
these financial statements





WorldNet, Inc. of Nevada

(A Development Stage Company)

Notes to the Financial Statements

June 30, 2012



NOTE 1 -	BASIS
OF FINANCIAL STATEMENT PRESENTATION



| |  | The accompanying unaudited condensed financial statements have been prepared by the Company pursuant
to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included
in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in
accordance with such rules and regulations. The information furnished in the interim condensed financial statements includes normal
recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation
of such financial statements. Although management believes the disclosures and information presented are adequate to make the information
not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company’s
audited financial statements and notes thereto included in its December 31, 2011 Annual Report on Form 10-K. Operating results
for the six months ended June 30, 2012 are not necessarily indicative of the results to be expected for year ending December 31,
2012.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NOTE 2 –
Going Concern



| |  | The accompanying financial statements have been prepared assuming that the Company will continue
as a going concern. The Company has limited assets, has incurred losses since inception, has negative cash flows from operations,
and has no revenue-generating activities. Its activities have been limited for the past several years and it is dependent upon
financing to continue operations. These factors raise substantial doubt about the ability of the Company to continue as a going
concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is
management’s plan to acquire or merge with other operating companies.
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NOTE 3 –
Subsequent Events



| |  | The Company has evaluated subsequent events from the balance sheet date through the date the financial
statements were issued and has determined that there are no such events that would have a material impact on the financial statements.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











In this report references to “WorldNet,” “the
Company,” “we,” “us,” and “our” refer to WorldNet, Inc. of Nevada.



FORWARD LOOKING STATEMENTS



The U.S. Securities and Exchange Commission (“SEC”)
encourages reporting companies to disclose forward-looking information so that investors can better understand future prospects
and make informed investment decisions. This report contains these types of statements. Words such as “may,” “expect,”
“believe,” “intend,” “anticipate,” “estimate,” “project,” or “continue”
or comparable terminology used in connection with any discussion of future operating results or financial performance identify
forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as
of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to
a number of important factors and uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements.





ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS



Executive Overview



We are a development stage company that has not recorded revenues
for the past two fiscal years. At June 30, 2012 we had cash of $4,862 and total liabilities of $136,750. We are dependent upon
financing to continue basic operations. Management intends to rely upon advances or loans from management, significant stockholders
or third parties to meet our cash requirements, but we have not entered into written agreements guaranteeing funds and, therefore,
no one is obligated to provide funds to us in the future. These factors raise doubt as to our ability to continue as a going concern.
Our plan is to combine with an operating company to generate revenue.



As of the date of this report, our management has not had any discussions
with any representative of any other entity regarding a business combination with us. Any target business that is selected may
be a financially unstable company or an entity in its early stages of development or growth, including entities without established
records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially
unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity
in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent
in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks. Also,
any business combination or transaction will likely result in a significant issuance of shares and substantial
dilution to present stockholders of the Company.



We anticipate that the selection of a business opportunity will
be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries
and shortages of available capital, our management believes that there are numerous firms seeking the perceived benefits of becoming
a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating
or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors
in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater
flexibility in structuring acquisitions, joint ventures and the like through the issuance of securities. Potentially available
business combinations may occur in many different industries and at various stages of development, all of which will make the task
of comparative investigation and analysis of such business opportunities extremely difficult and complex.



Management anticipates that the struggling global economy will restrict
the cash available for business opportunities and restrict the number of such transactions available to us. There can be no assurance
in the current economy that we will be able to acquire an interest in an operating company.



If we obtain a business opportunity, then it may be necessary to
raise additional capital. We anticipate that we will sell our common stock to raise this additional capital. We expect that we
would issue such stock pursuant to exemptions to the registration requirements provided by federal and state securities laws. The
purchasers and manner of issuance will be determined according to our financial needs and the available exemptions to the registration
requirements of the Securities Act of 1933. We do not currently intend to make a public offering of our stock. We also note that
if we issue more shares of our common stock, then our stockholders may experience dilution in the value per share of their common
stock.



Liquidity and Capital Resources



We have not recorded revenues from operations since inception. We
have not established an ongoing source of revenue sufficient to cover our operating costs and we have relied primarily upon related
parties to provide loans to fund operations and provide or pay for professional expenses. At June 30, 2012, our cash increased
to $4,862 from $318 at December 31, 2011 as a result of proceeds received from cash advances received during the 2012 first quarter.
Our total liabilities increased from $115,800 at December 31, 2011 to $136,750 at June 30, 2012 and this increase primarily represents
increased accounts payable for consulting services and professional expenses paid on our behalf.



We intend to obtain capital from management, significant stockholders
or third parties to cover minimal operations; however, there is no assurance that additional funding will be available. Our ability
to continue as a going concern during the long term is dependent upon our ability to find a suitable business opportunity and acquire
or enter into a merger with such company. The type of business opportunity with which we acquire or merge will affect our profitability
for the long term.



During the next 12 months we anticipate incurring additional costs
related to the filing of Exchange Act reports. We believe we will be able to meet these costs through funds provided by management,
significant stockholders or third parties. We may also rely on the issuance of our common stock in lieu of cash to convert debt
or pay for expenses.



Results of Operations



We did not record revenues in either of the three or six month periods
ended June 30, 2011 or 2012. General and administrative expense increased from $3,583 for the 2011 second quarter compared to $5,929
for the 2012 second quarter and general and administrative expense increased from $7,184 for the 2011 six month period compared
to $16,406 for 2012 six month period. The increases in general and administrative expense in the 2012 interim periods primarily
reflect increased costs for professional and consulting services relied upon for our operations.



Accordingly, our net loss increased from $3,583 for the 2011 second
quarter compared to $5,929 for the 2012 second quarter and our net loss increased from $7,184 for the 2011 six month period compared
to $16,406 for the 2012 six month period. Management expects net losses to continue until we acquire or merge with a business opportunity.



Off-Balance Sheet Arrangements



We have not entered into any off-balance sheet arrangements that
have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues
or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.





ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK



Not applicable to smaller reporting companies.



ITEM 4. CONTROLS AND PROCEDURES



Disclosure Controls and Procedures



We maintain disclosure controls and procedures (as defined in Rule
13a-15(e) or 15d-15(e) under the Exchange

Act) that are designed to ensure that information required to be
disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in
the rules and forms of the SEC. This information is accumulated to allow timely decisions regarding required disclosure. Our President,
who serves as our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls
and procedures as of the end of the period covered by this report and he determined that our disclosure controls and procedures
were ineffective due to a control deficiency. During the period we did not have additional personnel to allow segregation of duties
to ensure the completeness or accuracy of our information. Due to the size and operations of the Company we are unable to remediate
this deficiency until we acquire or merge with another company.



Changes to Internal Control over Financial Reporting



Our management is responsible for establishing and maintaining adequate
internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Management conducted an evaluation
of our internal control over financial reporting and determined that there were no changes made in our internal control over financial
reporting during the quarter ended June 30, 2012 that have materially affected or are reasonably likely to materially affect our
internal control over financial reporting.





PART II – OTHER INFORMATION

ITEM 6. EXHIBITS



Part I Exhibits

| | No.  |  |  | Description                              
| | ---- |  |  | -----------------------------------------
| | 31.1 |  |  | Principal Executive Officer Certification
| | 31.2 |  |  | Principal Financial Officer Certification
| | 32.1 |  |  | Section 1350 Certification               



Part II Exhibits

|No.     | Description                                                                                              
|------- | ---------------------------------------------------------------------------------------------------------
|3(i)    | Articles of Incorporation (Incorporated by  reference to exhibit 3.1  of Form 10-SB, filed July 14, 2000)
|3(ii)   | Bylaws of WorldNet  (Incorporated by reference to exhibit 3.2 to Form 10-SB, filed July 14, 2000)        
|101.INS | XBRL Instance Document                                                                                   
|101.SCH | XBRL Taxonomy Extension Schema Document                                                                  
|101.CAL | XBRL Taxonomy Calculation Linkbase Document                                                              
|101.DEF | XBRL Taxonomy Extension Definition Linkbase Document                                                     
|101.LAB | XBRL Taxonomy Label Linkbase Document                                                                    
|101.PRE | XBRL Taxonomy Presentation Linkbase Document                                                             





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



|Date: August 22, 2012 | WORLDNET, INC. OF NEVADA
        
        
        By: /s/ Donald R. Mayer
        Donald R. Mayer
        President and Director
        Principal Financial Officer
|--------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------