Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended 23 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash flows from operating activities:      
Net loss attributable to Marathon Patent Group, Inc. $ (605,536) $ (2,959,879) $ (7,642,670)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization expense 17,547    26,320
Depreciation expense 278    278
Stock based compensation on warrants granted 49,197 2,536,075 2,772,359
Stock based compensation on options granted 170,911    1,685,849
Common stock issued for services    75,000 198,287
Non-controlling interest       (10,496)
Non-cash other income    (125,000) (125,000)
Realized loss other than temporary decline - available for sale       112,500
Impairment of mineral rights       1,355,474
Impairment of assets of discontinued operations       30,248
Assets of discontinued operations - current portion 28,750    (33,395)
Prepaid expenses 9,667 (88,855) (47,266)
Deposits    3,500 (3,500)
Assets of discontinued operations - long term portion       3,915
Accounts payable and accrued expenses 96,011 75,260 153,170
Net cash used in operating activities (233,175) (483,899) (1,523,927)
Cash flows from investing activities:      
Acquisition of mineral rights    (325,000) (325,000)
Acquisition of patents       (500,000)
Note receivable - related party       (147,708)
Collection on note receivable - related party       147,708
Purchase of property and equipment (10,000)    (10,000)
Sale of real estate property (discontinued operations) 817,482    1,393,959
Acquisition of real estate property       (1,366,627)
Capitalized cost related to improvements of real estate property (discontinued operations) (12,000)    (257,420)
Net cash provided by (used in) investing activities 795,482 (325,000) (1,065,088)
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)
Proceeds from disgorgement of former officer short swing profits       50,000
Proceeds from advances payables       100,000
Proceeds from promissory note - related party       53,500
Proceeds from sale of common stock, net of issuance costs    5,768,965 6,516,965
Net cash provided by financing activities    4,685,991 5,505,491
Net increase in cash 562,307 3,877,092 2,916,476
Cash at beginning of period 2,354,169 129,152   
Cash at end of period 2,916,476 4,006,244 2,916,476
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest 230    383
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
Issuance of common stock for advances payable    100,000 100,000
Assumption of prepaid assets upon exercise of option agreement       43,157
Assumption of accounts payable upon exercise of option agreement       30,664
Issuance of a note payable in connection with an option agreement    1,000,000 930,000
Issuance of common stock in connection with an option agreement    5,000,000 1,000
Common stock issued for acquisition of patents       $ 925