10-Q Filing

MARA HOLDINGS, INC. CIK: 1507605 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001415889-15-001710`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	mara-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 36 Cash Flow Statement 72

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Notes payable, net	`NotesAndLoansReceivableNetCurrent`	$82.01K	USD	Point-in-time
Notes payable, net	`NotesAndLoansReceivableNetCurrent`	$784.15K	USD	Point-in-time
Cash	`Cash`	$9.48M	USD	Point-in-time
Cash	`Cash`	$5.08M	USD	Point-in-time
Cash	`Cash`	$5.41M	USD	Point-in-time
Cash	`Cash`	$3.61M	USD	Point-in-time
Notes payable, net	`NotesAndLoansReceivableNetNoncurrent`	$1.82M	USD	Point-in-time
Accounts receivable - net	`AccountsReceivableNet`	$217.00K	USD	Point-in-time
Notes payable, net	`NotesAndLoansReceivableNetNoncurrent`	$64.92K	USD	Point-in-time
Accounts receivable - net	`AccountsReceivableNet`	$763.07K	USD	Point-in-time
Bonds posted with courts	`BondsPostedWithCourts`	$1.95M	USD	Point-in-time
Bonds posted with courts	`BondsPostedWithCourts`	$1.73M	USD	Point-in-time
Preferred stock Series B, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock Series B, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$149.64K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$438.39K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.12M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	932,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	982,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	982,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	932,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.83K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$40.16M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$43.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsGrossCurrent`	$4.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsGrossCurrent`	$7.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.79M	shares	Point-in-time
Goodwill	`Goodwill`	$4.45M	USD	Point-in-time
Goodwill	`Goodwill`	$4.89M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.79M	shares	Point-in-time
Total other assets	`OtherAssets`	$53.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.99M	shares	Point-in-time
Total other assets	`OtherAssets`	$51.81M	USD	Point-in-time
Total Assets	`Assets`	$63.93M	USD	Point-in-time
Total Assets	`Assets`	$60.79M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.29M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.20M	USD	Point-in-time
Clouding IP earn out - current portion	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability`	$2.09M	USD	Point-in-time
Clouding IP earn out - current portion	`BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability`	$2.09M	USD	Point-in-time
Notes payable, net of discounts of $784,154 and $82,010 for 3/31/15 and 12/31/14	`NotesPayable`	$8.06M	USD	Point-in-time
Notes payable, net of discounts of $784,154 and $82,010 for 3/31/15 and 12/31/14	`NotesPayable`	$16.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.95M	USD	Point-in-time
Notes Payable, net of discount of $1,818,185 and $64,925, for 3/31/15 and 12/31/14	`NotesPayableNocurrent`	$17.49M	USD	Point-in-time
Notes Payable, net of discount of $1,818,185 and $64,925, for 3/31/15 and 12/31/14	`NotesPayableNocurrent`	$5.40M	USD	Point-in-time
Other non current liability	`OtherLiabilitiesNoncurrent`	$52.87K	USD	Point-in-time
Other non current liability	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilities`	$1.39M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilities`	$1.82M	USD	Point-in-time
Revenue Share Liability	`DeferredRevenue`	-	USD	Point-in-time
Revenue Share Liability	`DeferredRevenue`	$1.00M	USD	Point-in-time
Clouding IP earn out	`LiabilitiesOfBusinessTransferredUnderContractualArrangementNoncurrent`	$7.36M	USD	Point-in-time
Clouding IP earn out	`LiabilitiesOfBusinessTransferredUnderContractualArrangementNoncurrent`	$7.36M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$14.59M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$27.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$36.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.64M	USD	Point-in-time
Preferred stock Series B, $.0001 par value, 50,000,000 shares authorized: 982,000 and 932,000 issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	$98.00	USD	Point-in-time
Preferred stock Series B, $.0001 par value, 50,000,000 shares authorized: 982,000 and 932,000 issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	$93.00	USD	Point-in-time
Common stock, $.0001 par value, 200,000,000 shares authorized: 13,990,869 and 13,791,460 issued and outstanding at March 31, 2015 and December 31,2014	`CommonStockValue`	$1.38K	USD	Point-in-time
Common stock, $.0001 par value, 200,000,000 shares authorized: 13,990,869 and 13,791,460 issued and outstanding at March 31, 2015 and December 31,2014	`CommonStockValue`	$1.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-388.36K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$60.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.93M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$4.09M	USD	1 Quarter
Revenue	`Revenues`	$2.78M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.33M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.11M	USD	1 Quarter
Amortization of patents and website	`DepreciationAndAmortization`	$2.60M	USD	1 Quarter
Amortization of patents and website	`DepreciationAndAmortization`	$453.65K	USD	1 Quarter
Compensation and related taxes	`OtherLaborRelatedExpenses`	$1.58M	USD	1 Quarter
Compensation and related taxes	`OtherLaborRelatedExpenses`	$729.99K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpense`	$428.11K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpense`	$896.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$769.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$256.86K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$82.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$219.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.06M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-281.83K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.30M	USD	1 Quarter
Foreign exchange gain/(loss)	`EffectOfExchangeRateOnCash`	$39.40K	USD	1 Quarter
Foreign exchange gain/(loss)	`EffectOfExchangeRateOnCash`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$227.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00	USD	1 Quarter
Interest expense	`InterestExpense`	$931.54K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-970.94K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$227.00	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-281.61K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.27M	USD	1 Quarter
Income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$2.49M	USD	1 Quarter
Income tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLoss`	$-281.61K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLoss`	$-4.78M	USD	1 Quarter
Loss per common share, basic and diluted:	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Loss per common share, basic and diluted:	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.34	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	10.98M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	13.87M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-281.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.78M	USD	1 Quarter
Depreciation	`Depreciation`	$1.42K	USD	1 Quarter
Depreciation	`Depreciation`	$1.87K	USD	1 Quarter
Amortization of intangible assets and website	`AmortizationOfIntangibleAssets`	$2.60M	USD	1 Quarter
Amortization of intangible assets and website	`AmortizationOfIntangibleAssets`	$453.65K	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$680.63K	USD	1 Quarter
Non-cash equity compensation	`ShareBasedCompensation`	$685.75K	USD	1 Quarter
Stock issued for services	`StockOptionPlanExpense`	$750.33K	USD	1 Quarter
Stock issued for services	`StockOptionPlanExpense`	-	USD	1 Quarter
Deferred tax liability	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
Deferred tax liability	`IncreaseDecreaseInOtherDeferredLiability`	$-161.98K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.34M	USD	1 Quarter
Non-cash interest, discounts and financing costs	`NoncashInterestPikInterestFinanceCosts`	-	USD	1 Quarter
Non-cash interest, discounts and financing costs	`NoncashInterestPikInterestFinanceCosts`	$613.72K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$83.15K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-546.10K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$26.25K	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`	$1.92M	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`	$-1.15M	USD	1 Quarter
Purchase of property, equipment and other intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.15K	USD	1 Quarter
Purchase of property, equipment and other intangible assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.15K	USD	1 Quarter
Payment on note payable in connection with the acquisition of IP Liquidity	`RepaymentsOfNotesPayable`	$1.07M	USD	1 Quarter
Payment on note payable in connection with the acquisition of IP Liquidity	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment on assumed note payable in connection with the acquisition of Orthophoenix	`RepaymentsOfRelatedPartyDebt`	$3.75M	USD	1 Quarter
Payment on assumed note payable in connection with the acquisition of Orthophoenix	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payment on note payable in connection with the acquisition of Dynamic Advances	`PaymentOnNotePayableInConnectionWithAcquisitionOfDynamicAdvances`	$905.00K	USD	1 Quarter
Payment on note payable in connection with the acquisition of Dynamic Advances	`PaymentOnNotePayableInConnectionWithAcquisitionOfDynamicAdvances`	-	USD	1 Quarter
Payment on note payable in connection with the acquisition of Medtech and Orthophoenix	`PaymentOnNotePayableInConnectionWithAcquisitionOfMedtechAndOrthophoenix`	-	USD	1 Quarter
Payment on note payable in connection with the acquisition of Medtech and Orthophoenix	`PaymentOnNotePayableInConnectionWithAcquisitionOfMedtechAndOrthophoenix`	$3.00M	USD	1 Quarter
Payment on note payable in connection with the acquisition of Sarif	`PaymentOnNotePayableInConnectionWithAcquisitionOfSarif`	$276.25K	USD	1 Quarter
Payment on note payable in connection with the acquisition of Sarif	`PaymentOnNotePayableInConnectionWithAcquisitionOfSarif`	-	USD	1 Quarter
Repayment on convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayment on convertible notes	`RepaymentsOfConvertibleDebt`	$5.05M	USD	1 Quarter
Cash received upon issuance of notes payable, net of $400,000 loan fee	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Cash received upon issuance of notes payable, net of $400,000 loan fee	`ProceedsFromConvertibleDebt`	$19.60M	USD	1 Quarter
Cash received upon exercise of warrants	`ProceedsFromStockOptionsExercised`	$18.75K	USD	1 Quarter
Cash received upon exercise of warrants	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.57M	USD	1 Quarter
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.85K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$4.40M	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.80M	USD	1 Quarter
Cash at beginning of year	`Cash`	$9.48M	USD	Point-in-time
Cash at beginning of year	`Cash`	$5.08M	USD	Point-in-time
Cash at beginning of year	`Cash`	$5.41M	USD	Point-in-time
Cash at beginning of year	`Cash`	$3.61M	USD	Point-in-time
Cash at end of period	`Cash`	$9.48M	USD	Point-in-time
Cash at end of period	`Cash`	$5.08M	USD	Point-in-time
Cash at end of period	`Cash`	$5.41M	USD	Point-in-time
Cash at end of period	`Cash`	$3.61M	USD	Point-in-time
Cash paid for: Interest expense and loan fees	`InterestPaid`	-	USD	1 Quarter
Cash paid for: Interest expense and loan fees	`InterestPaid`	$317.82K	USD	1 Quarter
Cash paid for: Taxes Paid	`IncomeTaxesPaidNet`	$8.26K	USD	1 Quarter
Cash paid for: Taxes Paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	-	USD	1 Quarter
Loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$400.00K	USD	1 Quarter
Common stock issued in conjunction with notes payable	`CommonStockIssuedInConjunctionWithNotesPayable`	-	USD	1 Quarter
Common stock issued in conjunction with notes payable	`CommonStockIssuedInConjunctionWithNotesPayable`	$1.00M	USD	1 Quarter
Warrants issued in conjunction with notes payable	`WarrantsIssuedInConjunctionWithNotesPayable`	-	USD	1 Quarter
Warrants issued in conjunction with notes payable	`WarrantsIssuedInConjunctionWithNotesPayable`	$318.68K	USD	1 Quarter
Revenue share liability incurred in conjunction with notes payable	`RevenueShareLiabilityIncurredInConjunctionWithNotesPayable`	$1.00M	USD	1 Quarter
Revenue share liability incurred in conjunction with notes payable	`RevenueShareLiabilityIncurredInConjunctionWithNotesPayable`	-	USD	1 Quarter

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