Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited)

v3.19.1
Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Total revenues $ 230,694 $ 239,967
Operating costs and expenses    
Cost of revenue 508,640 267,709
Compensation and related taxes 486,687 413,118
Consulting fees 20,000 38,203
Professional fees 85,033 804,286
General and administrative 115,243 563,716
Total operating expenses 1,215,603 2,087,032
Operating loss (984,909) (1,847,065)
Other income (expenses)    
Other income (expenses) (9,437) 2,454
Foreign exchange loss (11,873) (15,332)
Realized loss on sale of digital currencies (608) (11,067)
Change in fair value of warrant liability (37,734) 1,453,257
Amortization of debt discount (1,944,772)
Interest income 12,016
Interest expense (12,317) (40,295)
Total other expenses (59,953) (555,755)
Net loss $ (1,044,862) $ (2,402,820)
Net loss per share, basic and diluted: $ (0.16) $ (0.63)
Weighted average shares outstanding, basic and diluted: 6,338,418 3,805,684
Net loss $ (1,044,862) $ (2,402,820)
Other comprehensive income:    
Unrealized gain on foreign currency translation 15
Comprehensive loss attributable to Marathon Patent Group, Inc. (1,044,862) (2,402,805)
Cryptocurrency Mining Revenue [Member]    
Revenues    
Total revenues 230,694 199,582
Other Revenue [Member]    
Revenues    
Total revenues $ 40,385