Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations (Unaudited)

v3.20.2
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 835,184 $ 321,716 $ 1,713,832 $ 908,175
Operating costs and expenses        
Cost of revenue 1,636,046 478,811 3,529,770 1,486,039
Compensation and related taxes 614,604 409,609 1,908,741 1,224,900
Consulting fees 259,563 34,000 325,688 84,000
Professional fees 206,368 91,908 515,562 287,282
General and administrative 112,800 115,247 311,303 359,319
Total operating expenses 2,829,381 1,129,575 6,591,064 3,441,540
Operating loss (1,994,197) (807,859) (4,877,232) (2,533,365)
Other income (expenses)        
Other income 7,983 300 114,391 181,195
Foreign exchange loss (11,873)
Loss on conversion of note (364,832)
Realized gain (loss) on sale of digital currencies 11,206 (11,236) 15,466 13,208
Change in fair value of warrant liability (21,875) 68,551 (18,651) (7,753)
Change in fair value of mining payable (66,547)
Interest income 2,466 8,428 4,845 30,802
Interest expense (12,591) (20,984) (37,363)
Total other (expenses) income (220) 53,452 (336,312) 168,216
Loss before income taxes (1,994,417) (754,407) (5,213,544) (2,365,149)
Income tax expense
Net loss $ (1,994,417) $ (754,407) $ (5,213,544) $ (2,365,149)
Net loss per share, basic and diluted: $ (0.06) $ (0.12) $ (0.28) $ (0.37)
Weighted average shares outstanding, basic and diluted: 31,520,736 6,372,061 18,868,967 6,353,643
Net loss $ (1,994,417) $ (754,407) $ (5,213,544) $ (2,365,149)
Other comprehensive income:        
Unrealized gain on foreign currency translation
Comprehensive loss attributable to Marathon Patent Group, Inc. (1,994,417) (754,407) (5,213,544) (2,365,149)
Cryptocurrency Mining Revenue [Member]        
Revenues        
Total revenues $ 835,184 $ 321,716 $ 1,713,832 $ 908,175