Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 5,556,584 $ 3,610,262
Accounts receivable - net 10,510,000 270,000
Marketable securities - available for sale securities    6,250
Prepaid expenses and other current assets 340,456 752,931
Total current assets 16,407,040 4,639,443
Other assets:    
Property and equipment, net 13,026 13,640
Intangible assets, net 33,514,365 6,157,659
Deferred tax assets 1,949,401   
Goodwill 1,606,800 2,144,488
Total other assets 37,083,592 8,315,787
Total Assets 53,490,632 12,955,230
Current liabilities:    
Accounts payable and accrued expenses 5,665,707 754,945
Clouding IP earn out - current portion 2,148,000   
Income tax payable 467,997   
Notes payable 6,062,500   
Total current liabilities 14,344,204 754,945
Clouding IP earn out, long-term portion 10,967,000   
Total long-term liabilities 10,967,000   
Liabilities of discontinued operations    30,664
Total liabilities 25,311,204 785,609
Stockholders' Equity:    
Common stock, $.0001 par value; 200,000,000 shares authorized; 5,799,448 and 5,489,593 issued and outstanding at September 30, 2014 and December 31, 2013 580 549
Additional paid-in capital 35,709,773 22,673,287
Accumulated other comprehensive income - marketable securities available for sale    (6,250)
Accumulated deficits (7,531,065) (10,487,469)
Total Marathon Patent Group, Inc. equity 28,179,428 12,180,117
Non-controlling interest in subsidiary    (10,496)
Total stockholders' equity 28,179,428 12,169,621
Total liabilities and stockholders' equity 53,490,632 12,955,230
Series A Preferred Stock [Member]
   
Stockholders' Equity:    
Preferred stock: Series A Convertible Preferred Stock, $.0001 par value, 50,000,000 shares authorized: 1,008,194 and 0 issued and outstanding at September 30, 2014 and December 31, 2013; Series B Convertible Preferred Stock, $.0001 par value, 50,000,000 shares authorized: 391,000 and 0 issued and outstanding at September 30, 2014 and December 31, 2013    101
Series B Preferred Stock [Member]
   
Stockholders' Equity:    
Preferred stock: Series A Convertible Preferred Stock, $.0001 par value, 50,000,000 shares authorized: 1,008,194 and 0 issued and outstanding at September 30, 2014 and December 31, 2013; Series B Convertible Preferred Stock, $.0001 par value, 50,000,000 shares authorized: 391,000 and 0 issued and outstanding at September 30, 2014 and December 31, 2013    $ 39