Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited)

v3.19.2
Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total revenues $ 355,765 $ 688,502 $ 586,459 $ 928,469
Operating costs and expenses        
Cost of revenue 498,588 931,630 1,007,228 1,199,339
Compensation and related taxes 328,604 252,853 815,291 665,971
Consulting fees 30,000 187,583 50,000 225,786
Professional fees 110,341 226,514 195,374 1,030,800
General and administrative 128,829 558,894 244,072 1,122,610
Break-up fee - issuance of shares to GBV 2,850,000 2,850,000
Total operating expenses 1,096,362 5,007,474 2,311,965 7,094,506
Operating loss (740,597) (4,318,972) (1,725,506) (6,166,037)
Other income (expenses)        
Other income (expenses) 190,332 (18,909) 180,895 (16,455)
Foreign exchange loss (7,760) (11,873) (23,093)
Realized income (loss) on sale of digital currencies 25,052 (71,226) 24,444 (82,293)
Change in fair value of warrant liability (38,570) 94,629 (76,304) 1,547,886
Amortization of debt discount (345,256) (2,290,028)
Interest income 10,358 22,374
Interest expense (12,455) (9,151) (24,772) (49,445)
Total other income (expenses) 174,717 (357,673) 114,764 (913,428)
Net loss $ (565,880) $ (4,676,645) $ (1,610,742) $ (7,079,465)
Net loss per share, basic and diluted: $ (0.09) $ (0.93) $ (0.25) $ (1.61)
Weighted average shares outstanding, basic and diluted: 6,350,080 5,009,297 6,344,281 4,410,816
Net loss $ (565,880) $ (4,676,645) $ (1,610,742) $ (7,079,465)
Other comprehensive income:        
Unrealized gain on foreign currency translation 15
Comprehensive loss attributable to Marathon Patent Group, Inc. (565,880) (4,676,645) (1,610,742) (7,079,450)
Cryptocurrency Mining Revenue [Member]        
Revenues        
Total revenues 355,765 661,917 586,459 861,499
Other Revenue [Member]        
Revenues        
Total revenues $ 26,585 $ 66,970