Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.19.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues    
Total revenues $ 1,562,372 $ 519,622
Operating costs and expenses    
Cost of revenue 3,351,758 3,470,847
Impairment of mining equipment 2,222,688
Compensation and related taxes 1,984,301 4,362,371
Consulting fees 639,094 537,695
Professional fees 1,216,820 2,797,648
General and administrative 1,374,047 831,001
Goodwill impairment 228,401
Patent impairment 2,475,149
Break-up fee - issuance of shares to GBV 2,850,000
Total operating expenses 13,638,708 14,703,112
Operating loss (12,076,336) (14,183,490)
Other income (expenses)    
Other income (expenses) 112,471 (3,173,341)
Foreign exchange gain (loss) 28,918 (463,821)
Gain on debt extinguishment 2,970,313
Gain on Fortress debt settlement 11,940,493
Loss on sale of companies (2,610,783)
Realized loss on sale of digital currencies (152,485)
Change in fair value adjustment of Clouding IP earn out 1,482,012
Change in fair value of warrant liability 1,699,522 (21,855,723)
Loss on warrants exchanged for common stock (980,400)
Gain on exchange of warrants to series E 305,358
Amortization of debt discount (2,290,028) (3,561,109)
Interest income 14,230 2,793
Interest expense (81,482) (1,309,823)
Loss before income taxes (12,745,190) (31,437,521)
Income tax (expense) benefit (69,134) 103,952
Net loss attributable to common stockholders $ (12,814,324) $ (31,333,569)
Net loss per share, basic and diluted: $ (0.60) $ (4.80)
Weighted average shares outstanding, basic and diluted: 21,263,774 6,522,649
Net loss attributable to common stockholders $ (12,814,324) $ (31,333,569)
Other comprehensive income:    
Unrealized gain on foreign currency translation 15 609,656
Comprehensive loss attributable to Marathon Patent Group, Inc. (12,814,309) (30,723,913)
Cryptocurrency Mining Revenue [Member]    
Revenues    
Total revenues 1,495,402
Other Revenue [Member]    
Revenues    
Total revenues $ 66,970 $ 519,622