Marathon Digital Holdings Quarterly report pursuant to Section 13 or 15(d)

Debt, Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Debt consists of the following:

	Maturity		Interest			March 31,			December 31,
	Date		Rate			2019			2018
Convertible Note		12/31/2019		5	%	$	999,106		$	999,106
Less: debt discount		and 12/31/2019					-			-
Total Convertible notes, net of discount						$	999,106		$	999,106

Total						$	999,106		$	999,106
Less: current portion							(999,106	)		(999,106	)
Total, net of current portion						$	-		$	-

The Company’s total lease expense is comprised of the following:

	For the Three Months Ended March 31, 2019
Operating leases
Operating lease cost	$	26,246
Operating lease expense		26,246
Short-term lease rent expense		4,107
Total rent expense	$	30,353

Additional information regarding the Company’s leasing activities as a lessee is as follow:

	For the Three Months Ended March 31, 2019
Operating cash flows from operating leases	$	25,892
Weighted-average remaining lease term – operating leases		2.0
Weighted-average discount rate – operating leases		6.5	%

As of March 31, 2019, contractual minimal lease payments are as follows:

2019	$	69,372
2020		95,386
2021		95,386
2022		26,014
Total		286,158
Less present value discount		(107,584	)
Operating lease liabilities	$	178,574