Marathon Digital Holdings Annual report pursuant to Section 13 and 15(d)

Debt, Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Debt consists of the following:

	Maturity		Interest			December 31,		December 31,
	Date		Rate			2019		2018
Convertible Note		9/1/2021		5	%	$	999,106	$	999,106
Less: debt discount							-		-
Total Convertible notes, net of discount						$	999,106	$	999,106

Total						$	999,106	$	999,106
Less: current portion							-		(999,106	)
Long term						$	999,106	$	-

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

	For the Year Ended December 31, 2019
Operating leases
Operating lease cost	$	106,847
Operating lease expense		106,847
Short-term lease rent expense		22,594
Total rent expense	$	129,441

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

	For the Year Ended December 31, 2019
Operating cash flows from operating leases	$	97,079
Weighted-average remaining lease term – operating leases		1.8
Weighted-average discount rate – operating leases		6.5	%

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

2020	$	98,701
2021		98,701
2022		26,918
Total		224,320
Less present value discount		(15,882	)
Lease current portion of operating lease liabilities		(87,959	)
Non-current operating lease liabilities	$	120,479