Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 4,998,314 $ 2,555,151
Accounts receivable - net of allowance for bad debt of $387,976 and $375,750 for December 31, 2016 and December 31, 2015 95,069 136,842
Bonds posted with courts   1,748,311
Prepaid expenses and other current assets, net of discounts of $3,724 for December 31, 2016 and $3,414 for December 31, 2015 428,049 338,598
Total current assets 5,521,432 4,778,902
Other assets:    
Property and equipment, net of accumulated depreciation of $108,407 and $67,052 for December 31, 2016 and December 31, 2015 28,329 61,297
Intangible assets, net 12,314,628 25,457,639
Deferred tax assets   12,437,741
Other non current assets, net of discounts of $797 and $4,831 for December 31, 2016 and December 31, 2015 201,203 9,169
Goodwill 222,843 4,482,845
Total other assets 12,767,003 42,448,691
Total Assets 18,288,435 47,227,593
Current liabilities:    
Accounts payable and accrued expenses 7,217,078 6,534,825
Clouding IP earn out - current portion 81,930 33,646
Notes payable, net of discounts of $852,404 and $730,945 for December 31, 2016 and December 31, 2015 13,162,007 10,383,177
Total current liabilities 20,461,015 16,951,648
Long-term liabilities    
Notes Payable, net of discounts of $572,763 and $1,425,167 for December 31, 2016 and December 31, 2015 4,670,502 12,223,884
Clouding IP earn out 1,400,082 3,281,238
Deferred tax liability   1,044,997
Revenue share liability 1,000,000 1,000,000
Other long term liability 43,978 50,084
Total long-term liabilities 7,114,562 17,600,203
Total liabilities 27,575,577 34,551,851
Stockholders' Equity (Deficit):    
Common stock, $.0001 par value; 200,000,000 shares authorized: 18,552,472 and 14,867,141 at December 31, 2016 and December 31, 2015 1,877 1,487
Additional paid-in capital 49,877,689 43,217,513
Accumulated other comprehensive loss (1,060,390) (1,265,812)
Accumulated deficit (57,942,548) (29,277,524)
Total Marathon Patent Group stockholders' equity (deficit) (9,123,294) 12,675,742
Non-controlling Interests (163,848)  
Total Equity (Deficit) (9,287,142) 12,675,742
Total liabilities and stockholders' equity (deficit) 18,288,435 47,227,593
Series B preferred stock    
Stockholders' Equity (Deficit):    
Preferred stock Series B, $.0001 par value, 100,000,000 shares authorized: 782,004 issued and outstanding at December 31, 2016 and December 31, 2015 $ 78 $ 78