Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Revenues | ||||
| Total revenues | $ 338,672 | $ 162,713 | $ 1,267,141 | $ 609,650 |
| Operating costs and expenses | ||||
| Cost of revenue | 1,132,570 | 64,836 | 2,331,909 | 1,544,322 |
| Amortization of patents | 457,419 | 1,803,264 | ||
| Compensation and related taxes | 137,338 | 1,871,946 | 803,309 | 3,718,034 |
| Consulting fees | 347,500 | 133,018 | 573,286 | 189,819 |
| Professional fees | 126,446 | 616,125 | 1,157,246 | 1,686,955 |
| General and administrative | 89,859 | 213,130 | 1,212,469 | 599,416 |
| Patent impairment | 723,218 | 723,218 | ||
| Break-up fee - issuance of shares to GBV | 2,850,000 | |||
| Total operating expenses | 1,833,713 | 4,079,692 | 8,928,219 | 10,265,028 |
| Operating loss | (1,495,041) | (3,916,979) | (7,661,078) | (9,655,378) |
| Other income (expenses) | ||||
| Other income | 125,125 | 2,252,886 | 108,670 | 3,151,418 |
| Foreign exchange gain (loss) | (8,003) | (480,240) | (31,096) | (463,191) |
| Loss on debt extinguishment | (283,237) | (283,237) | ||
| Loss on sale of company | (1,519,875) | (1,519,875) | ||
| Realized gain (loss) on sale of digital currencies | 8,760 | (73,533) | ||
| Change in fair value adjustment of Clouding IP earn out | 754,321 | 768,200 | ||
| Change in fair value of warrant liability | 45,595 | (1,909,879) | 1,593,481 | (1,914,786) |
| Amortization of debt discount | (2,290,028) | |||
| Interest income | 2,553 | 931 | 2,553 | 2,793 |
| Interest expense | (19,446) | (1,283,223) | (68,891) | (2,416,722) |
| Loss before income taxes | (1,340,457) | (6,385,295) | (8,419,922) | (12,330,778) |
| Income tax expense | (12,191) | (29,433) | ||
| Net loss | (1,340,457) | (6,397,486) | (8,419,922) | (12,360,211) |
| Net loss attributable to non-controlling interests | (280,000) | (124,714) | ||
| Net loss attributable to common stockholders | $ (1,340,457) | $ (6,677,486) | $ (8,419,922) | $ (12,484,925) |
| Net loss per share, basic and diluted: | $ (0.06) | $ (1.06) | $ (0.42) | $ (2.24) |
| Weighted average shares outstanding, basic and diluted: | 24,321,788 | 6,270,299 | 19,893,901 | 5,564,465 |
| Net loss attributable to common stockholders | $ (1,340,457) | $ (6,677,486) | $ (8,419,922) | $ (12,484,925) |
| Other comprehensive income: | ||||
| Unrealized gain on foreign currency translation | 482,622 | 15 | 609,768 | |
| Comprehensive loss attributable to Marathon Patent Group, Inc. | (1,340,457) | (6,194,864) | (8,419,907) | (11,875,157) |
| Cryptocurrency Mining Revenue [Member] | ||||
| Revenues | ||||
| Total revenues | 338,672 | 1,200,171 | ||
| Other Revenue [Member] | ||||
| Revenues | ||||
| Total revenues | $ 162,713 | $ 66,970 | $ 609,650 | |
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- Definition Represents information pertaining to change in fair value adjustment of earnout liability. No definition available.
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- Definition Professional and contract service expense (benefit) includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition Realized gain (loss) on sale of digital currencies. No definition available.
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- Definition Share break-up fee. No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of effect of exchange rate changes on cash balances held in foreign currencies. Excludes cash equivalents. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- 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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- 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/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- 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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