10-Q Filing

MARA HOLDINGS, INC. CIK: 1507605 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-006742`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mara-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 44 Cash Flow Statement 61 Stockholders Equity 18

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.34M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.48M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$65.25K	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$83.04K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.95M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Digital currencies	`DigitalCurrencies`	$5.64K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Digital currencies	`DigitalCurrencies`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$309.50K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$464.01K	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
Total current assets	`AssetsCurrent`	$2.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Property and equipment, net of accumulated depreciation and impairment charges of $4,476,292 and $4,338,931 for March 31, 2019 and December 31, 2018, respectively	`PropertyPlantAndEquipmentNet`	$897.21K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and impairment charges of $4,476,292 and $4,338,931 for March 31, 2019 and December 31, 2018, respectively	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.38M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.39M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$358.33K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Intangible assets, net of accumulated amortization of $83,039 and $65,245 for March 31, 2019 and December 31, 2018, respectively	`FiniteLivedIntangibleAssetsNet`	$1.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.39M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $83,039 and $65,245 for March 31, 2019 and December 31, 2018, respectively	`FiniteLivedIntangibleAssetsNet`	$1.13M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.38M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$2.38M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$2.18M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.66M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$80.97K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$76.82K	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$39.08K	USD	Point-in-time
Convertible notes payable	`NotesPayableCurrent`	$999.11K	USD	Point-in-time
Convertible notes payable	`NotesPayableCurrent`	$999.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.33M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$178.57K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$178.57K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.27M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized; 6,385,405 and 6,379,992 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$638.00	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized; 6,385,405 and 6,379,992 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$639.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$105.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$105.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-450.72K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-450.72K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-103.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.43M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.19M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.66M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$230.69K	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$239.97K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$508.64K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$267.71K	USD	1 Quarter
Compensation and related taxes	`LaborAndRelatedExpense`	$413.12K	USD	1 Quarter
Compensation and related taxes	`LaborAndRelatedExpense`	$486.69K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpenseBenefit`	$20.00K	USD	1 Quarter
Consulting fees	`ProfessionalAndContractServicesExpenseBenefit`	$38.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$85.03K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$804.29K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$115.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$563.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-984.91K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.85M	USD	1 Quarter
Other income (expenses)	`OtherIncomeExpenses`	$2.45K	USD	1 Quarter
Other income (expenses)	`OtherIncomeExpenses`	$-9.44K	USD	1 Quarter
Foreign exchange loss	`EffectOfExchangeRateOnCash`	$-15.33K	USD	1 Quarter
Foreign exchange loss	`EffectOfExchangeRateOnCash`	$-11.87K	USD	1 Quarter
Realized loss on sale of digital currencies	`RealizedGainLossOnSaleOfDigitalCurrencies`	$-11.07K	USD	1 Quarter
Realized loss on sale of digital currencies	`RealizedGainLossOnSaleOfDigitalCurrencies`	$-608.00	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$37.73K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-1.45M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.94M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.02K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$12.32K	USD	1 Quarter
Interest expense	`InterestExpense`	$40.30K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-555.75K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-59.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.63	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Weighted average shares outstanding, basic and diluted:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.34M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted:	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Unrealized gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$15.00	USD	1 Quarter
Unrealized gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive loss attributable to Marathon Patent Group, Inc.	`ComprehensiveIncomeNetOfTax`	$-2.40M	USD	1 Quarter
Comprehensive loss attributable to Marathon Patent Group, Inc.	`ComprehensiveIncomeNetOfTax`	$-1.04M	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Depreciation	`Depreciation`	$137.36K	USD	1 Quarter
Depreciation	`Depreciation`	$232.01K	USD	1 Quarter
Amortization of patents and website	`AmortizationOfIntangibleAssets`	$17.79K	USD	1 Quarter
Amortization of patents and website	`AmortizationOfIntangibleAssets`	$12.12K	USD	1 Quarter
Realized loss on sale of digital currencies	`RealizedLossOnSaleOfDigitalCurrencies`	$11.07K	USD	1 Quarter
Realized loss on sale of digital currencies	`RealizedLossOnSaleOfDigitalCurrencies`	$608.00	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$37.73K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-1.45M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$282.18K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$329.52K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.94M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$21.80K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	-	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$6.83K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Digital currencies	`IncreaseDecreaseInDigitalCurrencies`	$199.58K	USD	1 Quarter
Digital currencies	`IncreaseDecreaseInDigitalCurrencies`	$230.69K	USD	1 Quarter
Lease liability	`OperatingLeaseLiabilities`	$-21.44K	USD	1 Quarter
Lease liability	`OperatingLeaseLiabilities`	-	USD	1 Quarter
Litigation liability	`IncreaseDecreaseInLitigationLiability`	-	USD	1 Quarter
Litigation liability	`IncreaseDecreaseInLitigationLiability`	$-2.15M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-55.36K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$91.18K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.97K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$110.10K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-811.14K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.65M	USD	1 Quarter
Sale of digital currencies	`ProceedsFromSaleOfDigitalCurrencies`	$120.47K	USD	1 Quarter
Sale of digital currencies	`ProceedsFromSaleOfDigitalCurrencies`	$224.45K	USD	1 Quarter
Acquisition of patents	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of patents	`PaymentsToAcquireIntangibleAssets`	$250.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.80M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.93M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$224.45K	USD	1 Quarter
Effect of foreign exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.00	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-586.69K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.58M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.37M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.95M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.37M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.95M	USD	Point-in-time
Par value adjustment due to reverse split	`ParValueAdjustmentDueToReverseSplit`	$1.00	USD	1 Quarter
Par value adjustment due to reverse split	`ParValueAdjustmentDueToReverseSplit`	-	USD	1 Quarter
Conversion of Series E Preferred Stock to common stock	`ConversionOfSeriesEPreferredStockToCommonStock`	$357.00	USD	1 Quarter
Conversion of Series E Preferred Stock to common stock	`ConversionOfSeriesEPreferredStockToCommonStock`	-	USD	1 Quarter
Par value adjustment due to reverse split	`ParValueAdjustmentDueToReverseSplitOne`	-	USD	1 Quarter
Par value adjustment due to reverse split	`ParValueAdjustmentDueToReverseSplitOne`	$960.00K	USD	1 Quarter
Common stock issued for note conversion	`ConversionOfStockAmountIssued1`	$2.10M	USD	1 Quarter
Common stock issued for note conversion	`ConversionOfStockAmountIssued1`	-	USD	1 Quarter
Restricted stock issuance	`RestrictedStockIssuance`	-	USD	1 Quarter
Restricted stock issuance	`RestrictedStockIssuance`	$39.00	USD	1 Quarter
Warrants exercised into common shares	`WarrantsExercisedIntoCommonShares`	-	USD	1 Quarter
Warrants exercised into common shares	`WarrantsExercisedIntoCommonShares`	$55.79K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$7.39M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.92M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$8.43M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$329.52K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$282.18K	USD	1 Quarter
Conversion of Series E preferred stock	`ConversionOfStockAmountConvertedThree`	-	USD	1 Quarter
Common stock issued for acquisition of patents	`StockIssuedDuringPeriodValueAcquisitions`	$960.00K	USD	1 Quarter
Issue common stock for conversion of Warrants	`IssueCommonStockForConversionOfWarrants`	$55.79K	USD	1 Quarter
Common stock issuance related to note conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.10M	USD	1 Quarter
Currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$15.00	USD	1 Quarter
Par value adjustment and additional shares issued due to reverse split	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$7.39M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.92M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$8.43M	USD	Point-in-time

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