Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited)

v3.19.3
Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 321,716 $ 338,672 $ 908,175 $ 1,267,141
Operating costs and expenses        
Cost of revenue 478,811 1,132,570 1,486,039 2,331,909
Compensation and related taxes 409,609 137,338 1,224,900 803,309
Consulting fees 34,000 347,500 84,000 573,286
Professional fees 91,908 126,446 287,282 1,157,246
General and administrative 115,247 89,859 359,319 1,212,469
Break-up fee - issuance of shares to GBV 2,850,000
Total operating expenses 1,129,575 1,833,713 3,441,540 8,928,219
Operating loss (807,859) (1,495,041) (2,533,365) (7,661,078)
Other income (expenses)        
Other income 300 125,125 181,195 108,670
Foreign exchange loss (8,003) (11,873) (31,096)
Realized income (loss) on sale of digital currencies (11,236) 8,760 13,208 (73,533)
Change in fair value of warrant liability 68,551 45,595 (7,753) 1,593,481
Amortization of debt discount (2,290,028)
Interest income 8,428 2,553 30,802 2,553
Interest expense (12,591) (19,446) (37,363) (68,891)
Total other income (expenses) 53,452 154,584 168,216 (758,844)
Net loss $ (754,407) $ (1,340,457) $ (2,365,149) $ (8,419,922)
Net loss per share, basic and diluted: $ (0.12) $ (0.22) $ (0.37) $ (1.69)
Weighted average shares outstanding, basic and diluted: 6,372,061 6,080,447 6,353,643 4,973,475
Net loss $ (754,407) $ (1,340,457) $ (2,365,149) $ (8,419,922)
Other comprehensive income:        
Unrealized gain on foreign currency translation 15
Comprehensive loss attributable to Marathon Patent Group, Inc. (754,407) (1,340,457) (2,365,149) (8,419,907)
Cryptocurrency Mining Revenue [Member]        
Revenues        
Total revenues 321,716 338,672 908,175 1,200,171
Other Revenue [Member]        
Revenues        
Total revenues $ 66,970