10-Q Filing

MARA HOLDINGS, INC. CIK: 1507605 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001415889-14-001499`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mara-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 42 Cash Flow Statement 44

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$2.92M	USD	Point-in-time
Cash	`Cash`	$2.35M	USD	Point-in-time
Cash	`Cash`	$3.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$5.41M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$270.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$280.00K	USD	Point-in-time
Marketable securities - available for sale securities	`AvailableForSaleSecuritiesCurrent`	$6.25K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities - available for sale securities	`AvailableForSaleSecuritiesCurrent`	$6.25K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$579.38K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$752.93K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.64M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.49M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.22K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.64K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$6.16M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$5.70M	USD	Point-in-time
Goodwill	`Goodwill`	$2.14M	USD	Point-in-time
Goodwill	`Goodwill`	$2.14M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.86M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.32M	USD	Point-in-time
Total Assets	`Assets`	$12.96M	USD	Point-in-time
Total Assets	`Assets`	$14.14M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$754.95K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.72M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$30.66K	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$30.66K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$785.61K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$1.75M	USD	Point-in-time
Preferred stock, $.0001 par value, 50,000,000 shares authorized: none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.0001 par value, 50,000,000 shares authorized: none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, ($.0001 par value; 200,000,000 shares authorized; 5,489,593 issued and outstanding at March 31, 2014 and December 31, 2013	`CommonStockValue`	$549.00	USD	Point-in-time
Common stock, ($.0001 par value; 200,000,000 shares authorized; 5,489,593 issued and outstanding at March 31, 2014 and December 31, 2013	`CommonStockValue`	$549.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.67M	USD	Point-in-time
Accumulated other comprehensive income - marketable securities available for sale	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-6.25K	USD	Point-in-time
Accumulated other comprehensive income - marketable securities available for sale	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-6.25K	USD	Point-in-time
Accumulated deficits	`RetainedEarningsAccumulatedDeficit`	$-10.77M	USD	Point-in-time
Accumulated deficits	`RetainedEarningsAccumulatedDeficit`	$-10.49M	USD	Point-in-time
Total Marathon Patent Group, Inc. equity	`StockholdersEquity`	$12.40M	USD	Point-in-time
Total Marathon Patent Group, Inc. equity	`StockholdersEquity`	$12.18M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-10.50K	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-10.50K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest1`	$12.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest1`	$12.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.96M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.78M	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.67M	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Amortization of patents	`AmortizationOfIntangibleAssets`	$453.65K	USD	1 Quarter
Amortization of patents	`AmortizationOfIntangibleAssets`	$17.55K	USD	1 Quarter
Compensation and related taxes	`OtherLaborRelatedExpenses`	$729.99K	USD	1 Quarter
Compensation and related taxes	`OtherLaborRelatedExpenses`	$426.68K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpense`	$45.22K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpense`	$428.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$158.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$256.86K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$82.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$66.46K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$714.38K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.95M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-714.38K	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-281.83K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$227.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$291.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$230.00	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$61.00	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$227.00	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-281.61K	USD	1 Quarter
Loss from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-714.32K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-281.61K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-714.32K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$108.78K	USD	1 Quarter
Net loss	`ProfitLoss`	$-605.54K	USD	1 Quarter
Net loss	`ProfitLoss`	$-281.61K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.20	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.03	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.50M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.49M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-605.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-281.61K	USD	1 Quarter
Depreciation	`Depreciation`	$278.00	USD	1 Quarter
Depreciation	`Depreciation`	$1.42K	USD	1 Quarter
Amortization of patents	`DepreciationDepletionAndAmortization`	$453.65K	USD	1 Quarter
Amortization of patents	`DepreciationDepletionAndAmortization`	$17.55K	USD	1 Quarter
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services	`AdjustmentForAmortization`	$181.56K	USD	1 Quarter
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services	`AdjustmentForAmortization`	-	USD	1 Quarter
Stock based compensation on warrants	`ShareBasedCompensationWarrants`	$10.39K	USD	1 Quarter
Stock based compensation on warrants	`ShareBasedCompensationWarrants`	$49.20K	USD	1 Quarter
Stock based compensation on options granted	`ShareBasedCompensationOptions`	$488.67K	USD	1 Quarter
Stock based compensation on options granted	`ShareBasedCompensationOptions`	$170.91K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.00K	USD	1 Quarter
Assets of discontinued operations - current portion	`IncreaseDecreaseInAssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	1 Quarter
Assets of discontinued operations - current portion	`IncreaseDecreaseInAssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$28.75K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$9.67K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-8.02K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$964.30K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$96.01K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.80M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-233.18K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-10.00K	USD	1 Quarter
Proceeds received from the sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds received from the sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$817.48K	USD	1 Quarter
Capitalized cost related to improvements of real estate property (discontinued operations)	`CapitalizedCostRelatedToImprovementsOfRealEstatePropertyDiscontinuedOperations`	$-12.00K	USD	1 Quarter
Capitalized cost related to improvements of real estate property (discontinued operations)	`CapitalizedCostRelatedToImprovementsOfRealEstatePropertyDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$795.48K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.80M	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$562.31K	USD	1 Quarter
Cash at beginning of period	`Cash`	$2.92M	USD	Point-in-time
Cash at beginning of period	`Cash`	$2.35M	USD	Point-in-time
Cash at beginning of period	`Cash`	$3.61M	USD	Point-in-time
Cash at beginning of period	`Cash`	$5.41M	USD	Point-in-time
Cash at end of period	`Cash`	$2.92M	USD	Point-in-time
Cash at end of period	`Cash`	$2.35M	USD	Point-in-time
Cash at end of period	`Cash`	$3.61M	USD	Point-in-time
Cash at end of period	`Cash`	$5.41M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	$230.00	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.