Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 8 Months Ended 12 Months Ended 20 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2012
Cash flows from operating activities:      
Net loss attributable to Marathon Patent Group, Inc. $ (109,322) $ (6,927,812) $ (7,037,134)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization expense    8,773 8,773
Stock based compensation on warrants granted    2,723,162 2,723,162
Stock based compensation on options granted    1,514,938 1,514,938
Common stock issued for services    198,287 198,287
Non-controlling interest    (10,496) (10,496)
Non-cash other income    (125,000) (125,000)
Realized loss other than temporary decline - available for sale    112,500 112,500
Impairment of mineral rights 99,474 1,256,000 1,355,474
Impairment of assets of discontinued operations    30,248 30,248
Assets of discontinued operations - current portion    (62,145) (62,145)
Prepaid expenses (20,000) (36,933) (56,933)
Deposits (3,500)    (3,500)
Assets of discontinued operations - long term portion    3,915 3,915
Accounts payable and accrued expenses 4,000 53,159 57,159
Net cash used in operating activities (29,348) (1,261,404) (1,290,752)
Cash flows from investing activities:      
Acquisition of mineral rights    (325,000) (325,000)
Acquisition of patents    (500,000) (500,000)
Note receivable - related party    (147,708) (147,708)
Collection on note receivable - related party    147,708 147,708
Sale of real estate property    576,477 576,477
Acquisition of real estate property    (1,366,627) (1,366,627)
Capitalized cost related to improvements of real estate property    (245,420) (245,420)
Net cash used in investing activities    (1,860,570) (1,860,570)
Cash flows from financing activities:      
Payment on note payable    (930,000) (930,000)
Payment on note payable - related party    (152,974) (152,974)
Payment in connection with the cancellation of stock and rescission agreement    (132,000) (132,000)
Proceeds from disgorgement of former officer short swing profits    50,000 50,000
Proceeds from advances payables 100,000    100,000
Proceeds from promissory note - related party 53,500    53,500
Proceeds from sale of common stock, net of issuance costs 5,000 6,511,965 6,516,965
Net cash provided by financing activities 158,500 5,346,991 5,505,491
Net increase in cash 129,152 2,225,017 2,354,169
Cash at beginning of year    129,152   
Cash at end of year 129,152 2,354,169 2,354,169
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest         
Income taxes         
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Issuance of a note payable to a related party in connection with the purchase of mining rights 99,474    99,474
Issuance of common stock for advances payable    100,000 100,000
Assumption of prepaid assets upon exercise of option agreement    43,157 43,157
Assumption of accounts payable upon exercise of option agreement    30,664 30,664
Issuance of a note payable in connection with an option agreement    930,000 930,000
Issuance of common stock in connection with an option agreement    1,000 1,000
Common stock issued for acquisition of patents    $ 925 $ 925