Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended 29 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Income Statement [Abstract]          
Revenues $ 710,500    $ 2,235,479    $ 2,235,479
Cost of revenues 403,013    687,638    687,638
Gross profit 307,487    1,547,841    1,547,841
Expenses          
Amortization of patents 384,977    860,657    860,657
Compensation and related taxes 470,786 1,556,790 1,938,814 2,479,182 4,615,276
Consulting fees 269,012 92,473 444,921 1,949,067 2,487,065
Professional fees 116,373 79,608 564,597 449,811 1,079,314
General and administrative 108,278 80,255 315,260 272,793 632,747
Total operating expenses 1,349,426 1,809,126 4,124,249 5,150,853 9,675,059
Operating loss from continuing operations (1,041,939) (1,809,126) (2,576,408) (5,150,853) (8,127,218)
Other income (expenses)          
Other income          125,000 125,000
Realized loss - available for sale (38,819)    (38,819)    (151,319)
Interest expense (243)    (702)    (855)
Interest income 474 2,757 1,114 2,930 2,092
Total other income (expenses) (38,588) 2,757 (38,407) 127,930 (25,082)
Loss from continuing operations before provision for income taxes (1,080,527) (1,806,369) (2,614,815) (5,022,923) (8,152,300)
Provision for income taxes               
Loss from continuing operations (1,080,527) (1,806,369) (2,614,815) (5,022,923) (8,152,300)
Discontinued operations:          
Income (loss) from discontinued operations, net of tax 145,207 (96,921) 263,460 (1,426,846) (1,246,685)
Net loss (935,320) (1,903,290) (2,351,355) (6,449,769) (9,398,985)
Less: Net loss attributable to non-controlling interest    10,395    10,496 10,496
Net loss attributable to Marathon Patent Group, Inc. $ (935,320) $ (1,892,895) $ (2,351,355) $ (6,439,273) $ (9,388,489)
Loss per common share, basic and diluted:          
Loss from continuing operations $ (0.21) $ (0.69) $ (0.60) $ (1.85) $ (3.02)
Loss from discontinued operations $ 0.03 $ (0.04) $ 0.06 $ (0.53) $ (0.46)
Income Loss From Operations Basic And Diluted $ (0.18) $ (0.73) $ (0.54) $ (2.38) $ (3.48)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted 5,227,840 2,605,776 4,330,208 2,717,610 2,702,318