Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited)

v3.8.0.1
Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Cryptocurrency mining revenue $ 199,582
Other revenue 40,385 78,137
Total revenues 239,967 78,137
Operating costs and expenses    
Cost of revenue 267,709 451,762
Amortization of patents 705,958
Compensation and related taxes 413,118 1,085,546
Consulting fees 38,203 (28,779)
Professional fees 804,286 425,686
General and administrative 563,716 247,652
Realized loss on sale of digital currencies 1,510
Change in fair value of digital currencies 9,557
Total operating expenses 2,098,099 2,887,825
Operating loss (1,858,132) (2,809,688)
Other income (expenses)    
Other income (expenses) 2,454 (14,825)
Foreign exchange loss (15,332) (85,862)
Change in fair value adjustment of Clouding IP earn out 13,879
Change in fair value of warrant liability 1,453,257 (213,208)
Amortization of debt discount (1,944,772)
Interest income 1,241
Interest expense (40,295) (568,819)
Net loss (2,402,820) (3,677,282)
Net loss attributable to non-controlling interests (70,636)
Net loss attributable to common stockholders $ (2,402,820) $ (3,606,646)
Net loss per share, basic and diluted: $ (0.16) $ (0.76)
Weighted average shares outstanding, basic and diluted: 15,222,735 4,764,890
Net loss attributable to common stockholders $ (2,402,820) $ (3,606,646)
Other comprehensive loss:    
Unrealized gain on foreign currency translation 15 1,083
Comprehensive loss attributable to Marathon Patent Group, Inc. $ (2,402,805) $ (3,605,563)