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 $)
6 Months Ended 26 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Cash flows from operating activities:      
Net loss attributable to Marathon Patent Group, Inc. $ (1,416,035) $ (4,546,378) $ (8,453,169)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization expense 475,680    484,453
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services 11,250    11,250
Depreciation expense 1,111    1,111
Stock based compensation on warrants granted 72,064 2,598,438 2,795,226
Stock based compensation on options granted 405,957    1,920,895
Common stock issued for services 564,250 75,000 762,537
Non-controlling interest    (101) (10,496)
Non-cash revenue (1,000,000)    (1,000,000)
Non-cash other income    (125,000) (125,000)
Realized loss other than temporary decline - available for sale       112,500
Impairment of mineral rights    1,256,000 1,355,474
Impairment of assets of discontinued operations    30,248 30,248
Changes in operating assets and liabilities      
Accounts receivable (250,000)    (250,000)
Assets of discontinued operations - current portion 82,145 20,000 20,000
Prepaid expenses 24,414 (71,600) (32,519)
Deposits       (3,500)
Assets of discontinued operations - long term portion    3,915 3,915
Accounts payable and accrued expenses 335,718 103,703 392,877
Net cash used in operating activities (693,446) (655,775) (1,984,198)
Cash flows from investing activities:      
Acquisition of mineral rights    (325,000) (325,000)
Acquisition of patents (350,000)    (850,000)
Note receivable - related party    (133,058) (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) 1,052,320    1,628,797
Acquisition of real estate property    (254,016) (1,366,627)
Acquisition of Cyberfone Systems, LLC (cash portion) (500,000)    (500,000)
Capitalized cost related to improvements of real estate property (discontinued operations) (16,750)    (262,170)
Net cash provided by (used in) investing activities 175,570 (712,074) (1,685,000)
Cash flows from financing activities:      
Payment on note payable    (930,000) (930,000)
Payment on note payable - related party    (152,974) (152,974)
Payment on note payable in connection with the acquisition of Cyberfone Systems, LLC (500,000)    (500,000)
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
Proceeds from advances payables       100,000
Proceeds from promissory note - related party       53,500
Proceeds from sale of common stock, net of issuance costs 5,055,000 5,768,965 11,571,965
Net cash provided by financing activities 4,555,000 4,553,991 10,060,491
Net increase in cash 4,037,124 3,186,142 6,391,293
Cash at beginning of period 2,354,169 129,152   
Cash at end of period 6,391,293 3,315,294 6,391,293
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest 459    612
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 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    5,000,000 1,000
Common stock issued for acquisition of patents       925
Common stock issued in connection with the acquisition of Cyberfone Systems, LLC 2,280,000    2,280,000
Issuance of common stock issued for prepaid services 441,256    441,256
Acquisition of patents in connection with a non-cash settlement $ 1,000,000    $ 1,000,000