Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | 8 Months Ended | 12 Months Ended | 20 Months Ended | 26 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Dec. 31, 2011
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Dec. 31, 2012
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Dec. 31, 2012
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Jun. 30, 2013
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Income Statement [Abstract] | ||||||||
Revenues | $ 1,524,979 | $ 1,524,979 | $ 1,524,979 | |||||
Cost of revenues | 760,305 | 760,305 | 760,305 | |||||
Gross profit | 764,674 | 764,674 | 764,674 | |||||
Expenses | ||||||||
Compensation and related taxes | 1,041,353 | 81,449 | 1,468,028 | 922,392 | 2,676,462 | 2,676,462 | 4,144,490 | |
Consulting fees | 130,685 | 27,171 | 175,909 | 1,856,594 | 2,042,144 | 2,042,144 | 2,218,053 | |
Professional fees | 289,752 | 107,464 | 448,224 | 370,203 | 4,605 | 510,112 | 514,717 | 962,941 |
General and administrative | 122,976 | 68,069 | 206,982 | 192,538 | 5,243 | 312,244 | 317,487 | 524,469 |
Total operating expenses | 1,584,766 | 284,153 | 2,299,143 | 3,341,727 | 9,848 | 5,540,962 | 5,550,810 | 7,849,953 |
Operating loss from continuing operations | (820,092) | (284,153) | (1,534,469) | (3,341,727) | (9,848) | (5,540,962) | (5,550,810) | (7,085,279) |
Other income (expenses) | ||||||||
Other income | 125,000 | 125,000 | 125,000 | 125,000 | ||||
Realized loss other than temporary decline - available for sale | (112,500) | (112,500) | (112,500) | |||||
Interest expense | (229) | (459) | (153) | (153) | (612) | |||
Interest income | 349 | 173 | 640 | 173 | 978 | 978 | 1,618 | |
Total other income | 120 | 173 | 181 | 125,173 | 13,325 | 13,325 | 13,506 | |
Loss from continuing operations before provision for income taxes | (819,972) | (283,980) | (1,534,288) | (3,216,554) | (9,848) | (5,527,637) | (5,537,485) | (7,071,773) |
Provision for income taxes | ||||||||
Loss from continuing operations | (819,972) | (283,980) | (1,534,288) | (3,216,554) | (9,848) | (5,527,637) | (5,537,485) | (7,071,773) |
Discontinued operations: | ||||||||
Income (loss) from discontinued operations, net of tax | 9,473 | (1,302,620) | 118,253 | (1,329,925) | (99,474) | (1,410,671) | (1,510,145) | (1,391,892) |
Net loss | (810,499) | (1,586,600) | (1,416,035) | (4,546,479) | (109,322) | (6,938,308) | (7,047,630) | (8,463,665) |
Less: Net loss attributable to non-controlling interest | 101 | 101 | 10,496 | 10,496 | 10,496 | |||
Net loss attributable to Marathon Patent Group, Inc. | $ (810,499) | $ (1,586,499) | $ (1,416,035) | $ (4,546,378) | $ (109,322) | $ (6,927,812) | $ (7,037,134) | $ (8,453,169) |
Loss per common share, basic and diluted: | ||||||||
Loss from continuing operations | $ (0.19) | $ (0.09) | $ (0.40) | $ (1.16) | $ 0.00 | $ (0.15) | $ (0.22) | $ (2.94) |
Loss from discontinued operations | $ 0.00 | $ (0.41) | $ 0.03 | $ (0.48) | $ (0.01) | $ (0.04) | $ (0.06) | $ (0.58) |
Income Loss From Operations Basic And Diluted | $ (0.19) | $ (0.50) | $ (0.37) | $ (1.64) | $ (0.01) | $ (0.19) | $ (0.28) | $ (3.51) |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted | 4,249,120 | 3,174,716 | 3,874,283 | 2,774,609 | 7,469,388 | 36,238,712 | 24,948,719 | 2,409,025 |
X | ||||||||||
- Definition
This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities and excluding other than temporary impairments (OTTI), if any, recognized elsewhere. No definition available.
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X | ||||||||||
- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The amount of income (loss) derived from discontinued operations during the period, net of related tax effect, per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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X | ||||||||||
- Definition
The amount of net income (loss) before extraordinary items per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Details
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X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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X | ||||||||||
- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of payroll tax expense, compensation, postemployment and benefit-related expenses not elsewhere specified in the taxonomy (such as health plan, profit sharing, incentives, tuition reimbursement, other fringe benefits and perquisites) incurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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