7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 
      
    		                                    
      cash flows from operating activities
    		                                    
      net income
    		123,134,000 808,205,000 -533,443,000 528,283,000 -124,789,000 -199,659,000 337,173,000 223,404,000 64,137,000 -19,133,000 -7,235,000 -406,712,362 -12,958,589 11,525,939 -22,172,567 -108,884,620 83,356,742 -5,234,227 -1,994,417 -2,161,196 -1,057,931 -1,151,916 -754,407 -565,880 -1,044,862 -4,394,402 -1,340,457 -4,676,645 -2,402,820 -18,848,645 -5,807,439 -3,606,646  4,009,144 -3,893,413 -13,034,736 
      adjustments to reconcile net income to net cash from operating activities:
    		                                    
      depreciation and amortization
    		167,312,000 161,741,000 157,897,000 136,767,000 101,136,000 87,808,000 77,995,000 70,957,000 53,548,000 37,275,000 17,733,000 13,827,677 18,538,926                        
      deferred tax expense
    		37,677,000     -32,000,000 37,556,000 14,935,000 73,000 203,000 75,000 -22,374,837                         
      change in fair value of digital assets and digital assets - receivable
    		-343,099,000 -1,192,574,000 510,229,000                                  
      impairment of assets
    		0                                    
      net gain on investments
    		0 0 -12,429,000                                  
      stock-based compensation
    		38,466,000 54,656,000 49,115,000 54,057,000 23,340,000 28,332,000 51,913,000 18,737,000 5,511,000 4,451,000 3,945,000                          
      change in fair value of derivative instrument
    		4,422,000 -20,311,000 -26,828,000 -33,192,000                                 
      early termination expenses
    		   0 10,304,000 5,660,000 22,097,000                              
      equity in net earnings of unconsolidated affiliate
    		1,711,000 902,000 13,000 680,000 2,133,000   -30,000                             
      other adjustments from operations
    		10,148,000 1,957,000 2,303,000 3,142,000 -948,000 -5,700,000 4,307,000 -125,000 -522,000 -159,000 1,290,000 134,163                         
      changes in operating assets and liabilities
    		-243,820,000 -205,967,000 -250,230,000                                  
      net cash from operating activities
    		-199,049,000 -163,443,000 -215,488,000 -313,426,000 -160,085,000 -115,171,000 -88,340,000 -91,164,000 -81,619,000 -114,056,000 -28,812,000 -92,238,392 -26,059,098 25,695,933 -37,122,651 -3,708,581 -3,083,261 -4,325,484 -1,358,176 -1,017,807 -1,072,237 -1,117,374 -732,173 -657,972 -811,136 -1,980,526 -652,894    -7,115,212 -4,668,501 11,214,122 13,124,767 113,169 -2,921,505 
      capex
    		-84,828,000 -118,915,000 -38,856,000 -186,522,000 -37,994,000 -17,221,000 -9,088,000 -1,798,000 -2,497,000 -6,046,000 -17,270,000 -21,278,763 -6,534,120 -189,180,975 -18,103,485 -41,110,125 -25,456,714 -14,608,407 -1,856,453 0 0 -1 0 0 0 0 2,994    -4,194 -2,097 -8,387 -6,291 -2,097 -22,520 
      free cash flows
    		-283,877,000 -282,358,000 -254,344,000 -499,948,000 -198,079,000 -132,392,000 -97,428,000 -92,962,000 -84,116,000 -120,102,000 -46,082,000 -113,517,155 -32,593,218 -163,485,042 -55,226,136 -44,818,706 -28,539,975 -18,933,891 -3,214,629 -1,017,807 -1,072,237 -1,117,375 -732,173 -657,972 -811,136 -1,980,526 -649,900    -7,119,406 -4,670,598 11,205,735 13,118,476 111,072 -2,944,025 
      cash flows from investing activities
    		                                    
      advances to vendors
    		-107,124,000 -10,960,000 -97,432,000 -232,498,000 -119,522,000 -240,111,000 -225,166,000 -71,625,000 -25,481,000 -50,269,000 -11,565,000 -1,742,515                         
      acquisition, net of cash acquired
    		0 -25,000 -36,344,000  41,000 -92,065,000 -183,815,000                              
      loan receivable
    		                                    
      purchase of property and equipment
    		-84,828,000 -118,915,000 -38,856,000 -186,522,000 -37,994,000 -17,221,000 -9,088,000 -1,798,000 -2,497,000 -6,046,000 -17,270,000 -21,278,763 -6,534,120 -189,180,975 -18,103,485 -41,110,125 -25,456,714 -14,608,407 -1,856,453   -1    0 2,994 545,916 -5,800,629        
      proceeds from sale of property and equipment
    		-20,000 202,000 3,472,000 1,306,000                                 
      proceeds from sale of digital assets
    		168,148,000 5,577,000 8,675,000 33,932,000 4,657,000 68,931,000 44,770,000 85,436,000 65,581,000 51,282,000 62,646,000                          
      purchase of digital assets
    		-254,944,000 0 -27,131,000 -1,551,272,000 -376,562,000 -11,733,000 -7,293,000                              
      investment in equity method investments
    		-1,886,000 -3,042,000 -2,786,000 492,000 -8,355,000 -10,792,000 -2,999,000                              
      purchase of equity investments
    		-4,998,000 -1,000 -19,444,000 4,000 -1,955,000 -5,000 -8,000,000     -180 -10,499,825                        
      net cash from investing activities
    		-285,652,000 -127,164,000 -209,846,000 -1,996,804,000 -537,668,000 -277,996,000 -416,591,000 4,968,000 33,578,000 38,078,000 -72,029,000 -22,155,095 -209,424,570 -519,693,543 -99,761,022 -33,799,674 -238,662,438 -66,162,485 -10,427,722 -5,166,009 468,703 301,675 306,915 381,914 224,449 1,342,917 2,994   -2,773,254 -4,194 -2,097 -3,561,043 -1,156,291 -2,097  
      cash flows from financing activities
    		                                    
      proceeds from issuance of common stock, net of issuance costs
    		252,550,000 219,203,000 100,140,000 696,617,000 320,761,000 344,950,000 489,293,000 342,579,000 36,953,000 65,538,000 163,295,000 162,784,498                         
      proceeds from issuance of convertible notes, net of issuance costs
    		                                    
      repurchase of shares in settlement of restricted stock
    		-7,691,000 -15,168,000 -20,362,000 -5,892,000 -5,852,000 -6,578,000 -16,535,000                              
      line of credit
    		0 0 150,000,000                                  
      repayment of finance lease liabilities
    		0                                    
      repayment of convertible notes
    		                                   -5,050,000 
      purchased capped calls
    		                                    
      cash paid for shares withheld for taxes
    		                                    
      net cash from financing activities
    		1,201,618,000 203,867,000 229,778,000 2,537,745,000 605,982,000 336,926,000 471,886,000 342,299,000 21,290,000 79,057,000 113,218,000 162,755,924 85,472,980 729,665,537 -878,082 -3,809,984 312,357,009 194,558,635 28,262,889 6,484,389 385,117 165,677      273,461 120,470     -7,364,703  1,266,251 
      net increase in cash, cash equivalents and restricted cash
    		     -56,241,000 -33,045,000   3,079,000 12,377,000                          
      cash, cash equivalents and restricted cash — beginning of period
    		0 0 403,771,000 0 0 0 357,313,000 0 0 0 112,505,000 163                         
      cash, cash equivalents and restricted cash — end of period
    		716,917,000 -86,740,000 208,215,000 227,515,000 -91,771,000 -56,241,000 324,268,000 256,103,000 -26,751,000 3,079,000 124,882,000 48,362,600                         
      net decrease in cash, cash equivalents and restricted cash
    		 -86,740,000 -195,556,000                                  
      deferred tax (benefit) expense
    		  -112,115,000                                  
      deposits for acquisitions
    		      -25,000,000                              
      amortization of prepaid service contract
    		           -73     561,000                    
      gain on sale of equipment, net of disposals
    		                                    
      losses on digital assets held within investment fund
    		                                    
      impairment of digital assets
    		        11,885,000 8,363,000 6,151,000                          
      impairment of mining equipment and advances to vendors
    		                                    
      allowance for credit losses
    		                                    
      gain on investments
    		   0 1,000,000 0 -5,236,000                              
      loss on hedge instruments
    		   -1,712,000 0 0 2,292,000                              
      amortization of intangible assets
    		   261,000 219,000 19,470,000 2,969,000                              
      amortization of debt issuance costs
    		   1,280,000 575,000 430,000 429,000 388,000 838,000 971,000 971,000                          
      impairment of patents
    		           -363 919,363                        
      impairment of deposits due to vendor bankruptcy filing
    		                                    
      gain on extinguishment of debt
    		       0                             
      changes in operating assets and liabilities:
    		                                    
      revenues from digital assets production
    		     -136,309,000 -144,423,000                              
      accounts receivable
    		     -5,677,000 3,514,000                        -21,267 -8,328 43,763 -2,718 -15,275 -2,109,984 
      deposits
    		     -15,245,000 -1,259,000 -2,106,000 -2,346,000 3,799,000 -23,124,000 -10,839,571 -6,287,068                        
      prepaid expenses and other assets
    		     3,432,000 -2,072,000 9,707,000 -4,625,000 13,775,000 -20,738,000 -18,302,552 -6,210,505 28,836,347 -29,654,241 1,067,941 -113,847 471,587 113,586 167,210 -108,324 -590,089 32,077 67,489 55,364 86,178 24,668 -390,814 -91,183 604,887 -289,533 -386,903 -6,652 165,301   
      accounts payable and accrued expenses
    		     24,588,000 -781,000 -3,213,000 925,000 6,218,000 -3,784,000 5,129,360 -1,087,007 9,552,632 748,266 1,640,275 -13,775 -375,278 178,405 99,594 73,961 166,575 6,170 -103,017 -66,975 -93,721 -624,528 -117,449 110,104 4,008,367 -1,922,462 -1,099,415 -557,832 -469,660 1,953,751 6,454,467 
      legal reserve payable
    		           -20,028,549                         
      acquisitions, net of cash acquired
    		                                    
      purchase of intangible assets
    		                                    
      payments on hedge settlements
    		                                    
      deconsolidation of fund
    		                                    
      sale of digital assets in investment fund
    		                                    
      proceeds from issuance of series a preferred stock, net of issuance costs
    		                                    
      redemption of series a preferred stock
    		                                    
      proceeds from term loan borrowings, net of issuance costs
    		           0                         
      borrowings from revolving credit agreement
    		                                    
      repayment of term loan borrowings
    		        0 0 -50,000,000                          
      contribution from noncontrolling interest
    		                                    
      value of shares withheld for taxes
    		   130,000 -522,000 -1,283,000 -872,000 -280,000 87,000 -110,000 -77,000 -28,574  -25,587 -878,082                      
      change in fair value of digital assets
    		    -30,088,000                                
      proceeds from issuance of convertible debt, net of issuance costs
    		                                    
      repayments of finance lease liabilities
    		    0                                
      change in fair value of derivative
    		     -38,251,000 15,252,000                              
      loss on extinguishment of debt
    		                                    
      accrued interest
    		       -826,000 479,000 -1,869,000 1,481,000 -1,832,351 1,843,151                        
      repayments of revolving credit agreement
    		                                    
      gains on digital assets
    		      -488,807,000                              
      equity in net income of unconsolidated affiliate
    		      -1,259,000                              
      (gains) losses on digital assets held within investment fund
    		                                    
      (gains) losses on digital assets and digital assets loan receivable
    		                                    
      sale of property and equipment
    		                                    
      purchase of digital assets in investment fund
    		                                    
      investment in joint venture
    		                                    
      proceeds received on exercise of options and warrants
    		             1,285,240 -1                      
      operating activities
    		                                    
      (gains) on digital assets and (gains) losses on digital assets loan receivables
    		                                    
      impairment of assets related to vendor bankruptcy filing
    		           16,674,000                         
      revenues from digital asset production
    		        -97,849,000 -81,950,000 -50,941,000                          
      investing activities
    		                                    
      investments in joint venture
    		        -4,025,000 -19,535,000 -43,194,000                          
      sale of digital currencies in investment fund
    		                                    
      financing activities
    		                                    
      proceeds from issuance of preferred stock, net of issuance costs
    		        0                            
      redemption of preferred stock
    		                                    
      net change in revolving credit agreement borrowings
    		                                    
      gains on digital assets and losses on digital assets loan receivable
    		                                    
      income from extinguishment of debt
    		         0 333,000                          
      supplemental information
    		                                    
      cash paid during the year for:
    		                                    
      income taxes
    		                                    
      interest
    		         3,099,000 1,425,000                         1,660,372 
      supplemental schedule of non-cash investing and financing activities:
    		                                    
      series a preferred stock accretion to redemption value
    		                                    
      receivable due to share issuance
    		            4,720,197                        
      operating lease assets obtained in exchange for new operating lease liabilities
    		           427 1,352,623                        
      reclassifications from advances to vendor to property and equipment upon receipt of equipment
    		         100,164,000 442,353,000 76,910,092                         
      common stock issued for service and license agreements
    		           -2,999 4,579,999 0 6,330,000                      
      realized and unrealized losses on digital assets held within investment fund
    		                                    
      realized (gains) on digital assets and unrealized losses on digital assets loan receivable
    		          -17,615,000                          
      digital assets:
    		                                    
      realized and unrealized gains on digital assets held within investment fund
    		                                    
      realized and unrealized gains on digital assets loan receivable and digital assets
    		                                    
      digital assets
    		                                    
      sales of property and equipment
    		           1,000,235                         
      sale of digital currencies
    		              24,000 24,000 16,000 823,844 503,201 306,646 468,703 301,676 312,139 381,914 224,449            
      deconsolidation of investment fund
    		                                    
      proceeds received on issuance of note payable
    		                                    
      digital assets transferred from investment fund
    		                                    
      common stock issued for purchase of mining servers
    		                 0 0 0 171,622                
      reduction of share commitment for purchase of mining servers
    		                 0 0 0 408,625                
      common stock issued for note conversion
    		                 1 0       0 0 960,000 2,095,588        
      warrants exercised into common stock
    		                                    
      collection of loan denominated in bitcoin
    		                                    
      issuance of loan denominated in bitcoin
    		                                    
      gain on sale of assets, net of disposals
    		                                    
      realized and unrealized losses (gains) on digital currencies held in fund
    		                                    
      impairment of digital currencies
    		            19,551,254                        
      stock based compensation
    		            9,275,352 8,450,675 96,617,792 4,685,966 51,031,595 146,410 360,211 648,750 23,238 313,652 207,555 130,295 282,180 929,248 39,053 127,857 329,525 453,629 183,356 41,424 1,541,615 1,062,200 550,436 1,961,505 
      amortization of bond issuance costs
    		            970,886                        
      digital currencies
    		            -51,868,867 -60,330,785 -51,707,483 -29,321,856 -9,152,816 -2,643,611 -835,184 -403,972 -474,676 -277,052 -321,716 -355,765 -230,694 -397,329 -236,574 -661,917 -199,582        
      purchase of digital currencies in fund
    		                                    
      supplemental cash flow information:
    		                                    
      interest paid
    		                                    
      options exercised into common stock
    		             0 0 1 2                    
      digital currencies transferred from fund
    		                                    
      unpaid proceeds from sale of property & equipment
    		                                    
      deferred tax benefit
    		            -4,297,064                        
      change in fair value of warrant liability
    		             821,061 -168,667 -1,196,004 1,591,896 290,937 21,875 6,563 -9,787 -33,987 -68,551 38,570 37,734 -106,041 -45,595 -94,629 -1,453,257        
      change in fair value of investment securities
    		            5,541,642 -15,013,271 -41,850,203 114,907,879 -131,822,950                    
      amortization of right-of-use assets
    		            26,132 0 0 183,704 16,597 24,654 20,215 28,003 24,114 15,238 23,343 22,464 21,795            
      lease liability
    		            -16,704 0 0 -102,895 -18,701  -17,144 -29,371 -24,365 -5,841 -23,035 -22,231 -21,441            
      advances to vendor
    		            -192,390,625                        
      purchase of investment securities
    		             0 0 0 -150,000,000                    
      proceeds from issuance of common stock/at-the-market offering
    		            88,127,270 -17 0 -2,335,157 327,103,650 200,205,262 22,695,133 6,659,712 401,891 172,440               
      offering costs for the issuance of common stock/at-the-market offering
    		            -2,654,290 -21 1 2,335,157 -14,906,805 -6,106,201 -709,157 -237,823 -16,774 -6,763               
      net increase in cash and cash equivalents
    		            -150,010,688 235,667,927 -137,761,755 -41,318,239 70,611,310 124,070,666                   
      cash and cash equivalents — beginning of period
    		            268,522,019 0 0 0 141,322,776  0 0 692,963 0 0 0 2,551,171 0 0 0 14,948,529        
      cash and cash equivalents — end of period
    		            118,511,331 235,667,927 -137,761,755 -41,318,239 211,934,086  16,476,991 300,573 474,546 -650,022 -345,441 -276,058 1,964,484 -637,609 -1,043,831 -1,135,352 5,367,963        
      depreciation
    		             6,869,373 4,321,715 2,919,872 720,142 1,195,077 787,689 499,489 510,781 511,221 137,361 137,361 137,361 598,548 598,549 574,592 232,006 24,858 948 471 3,780 2,710 1,652 5,668 
      amortization of patents and website
    		             17,794 17,793 17,795 17,794 17,794 17,794 17,794 17,794 17,795 17,794 17,794 17,794 17,795 18,308 17,794 12,120  1,345,846 705,958 6,018,196 3,987,310 2,025,899 8,511,730 
      amortization of leasehold improvements
    		             1,034                       
      deferred tax liability
    		                                -638,268 -275,490 -76,463 -709,280 
      loss on conversion of debt
    		                                    
      impairment of mining equipment
    		                                    
      impairment of leasehold improvements
    		                                    
      realized gain on sale of digital currencies
    		             -3,088 -7,636 -989 54 0 -11,206                  
      change in fair value of mining payable
    		                 0 0 0 66,547                
      gain on ppp loan forgiveness
    		             0 0                      
      impairment of cryptocurrencies
    		             11,080,241 6,731,891 11,078,660 662,199                    
      bad debt allowance
    		                         0 0 0 6,826        
      change in prepaid service contract
    		                                    
      accrued interest on bond payable
    		                                    
      interest received from digital currencies, restricted
    		                                    
      purchase of safe investments
    		                                    
      deposits for the purchase of mining servers
    		             -297,454,530 -81,675,575 7,286,451 -63,221,724                    
      proceeds received on issuance of notes payable
    		                  0                  
      proceeds from issuance of convertible debt, net of agent’s discount
    		                                    
      other offering costs
    		                                    
      proceeds from line of credit
    		                                    
      repayment from line of credit
    		                                    
      proceeds from issuance of common stock and warrant
    		                 0                   
      par value adjustment due to reverse split
    		                     0 0 0 1            
      warrants exercised into common shares
    		                         0 0 0 55,791        
      restricted stock issuance
    		                         0 0 5 39        
      loss on cancellation of lease
    		                80,809                    
      other receivables
    		                                    
      proceeds received on exercise of warrants
    		                160,164 459,574                   
      operating lease liability
    		                                    
      proceeds received on sba ppp notes payable
    		                                    
      cash and cash equivalents — beginning of year
    		                                    
      cash and cash equivalents — end of year
    		                                    
      common stock issued for long-term service contract
    		                                    
      accounts receivables
    		                    -117,811                
      deposit for purchase of the miners
    		                  -9,074,470                  
      mining servers payable
    		                     -830,915               
      net decrease in cash and cash equivalents
    		                   300,573 -218,417 -650,022 -345,441 -276,058 -586,687  -1,043,831 -1,135,352 -9,580,566        
      realized loss on sale of digital currencies
    		                    4,222    608 78,952 68,313 3,710 1,510        
      gain on partial extinguishment of mining payable
    		                                    
      realized (gain) loss on sale of digital currencies
    		                     -22,884 11,236              
      amortization of debt discount
    		                         0 0 345,256 1,944,772        
      break-up fee - issuance of shares to gbv
    		                                    
      litigation liability
    		                         0 0 0 -2,150,000        
      acquisition of patents
    		                         0 0 0 -250,000    -3,552,656 -1,150,000   
      effect of foreign exchange rate changes
    		                         0 0 0 15        
      supplemental cash flow information
    		                                    
      cash paid for interest expense
    		                                    
      cash paid during the year for income taxes
    		                                    
      conversion of series e preferred stock to common stock
    		                         0 194 0 357        
      common stock issued for acquisition of patents
    		                         0 0 0 960,000        
      common stock issued for purchase of assets
    		                     830,914               
      adjustments to reconcile net income to net cash (used in) operating activities:
    		                                    
      loss on sale of companies
    		                                    
      gain on debt extinguishment
    		                                    
      gain on extinguishment of warrant liability
    		                                    
      gain on fortress loan extinguishment
    		                                    
      impairment of intangible assets
    		                             1,770,471   6,525,273 993,890 373,195  
      impairment of goodwill
    		                                83,000 83,000   
      warrants exchanged for common stock
    		                                    
      change in fair value of clouding earnout
    		                             -713,812  -13,879 -2,122,198 -167,830 1,342  
      non-controlling interest
    		                              -155,286 -70,636 -27,918    
      other non current assets
    		                              1,203 1,203   2,069  
      purchase of digital currencies
    		                                    
      payment on note payable
    		                                -578,804 -437,070   
      proceeds received on private placement
    		                                    
      proceeds from warrant purchase
    		                                    
      issuance of series d preferred stock
    		                                    
      conversion of series b preferred stock to common stock
    		                                    
      conversion of series d preferred stock to common stock
    		                                    
      warrants converted to series e preferred stock
    		                                    
      warrants reclassed to equity
    		                                    
      beneficial conversion feature
    		                             0       
      common stock issued fro account payable
    		                                    
      non-cash interest, discount, and financing costs
    		                              59,607 52,733 952,231 664,182 605,690  
      break-up fee -issuance of shares to gbv
    		                                    
      other non-cash adjustments
    		                              -120,703 67,164 96,996 -104,899 -33,607 -13,244 
      proceeds from sale of digital currencies
    		                          630,609 273,461 120,470        
      disposal of patents
    		                                    
      revenue share liability incurred in conjunction with note payable
    		                              225,000      
      warrant issued in conjunction with common stock issuance
    		                              257,957      
      change in fair value of digital currency
    		                           67,516 9,557        
      bonds posted with courts
    		                              -375,603 -351,647 883,695 -518,455 359,960  
      net cash (used in) operating activities
    		                            -3,650,422        
      net cash (used in) investing activities
    		                            -6,050,629       -22,520 
      amortization of patents
    		                                    
      deferred tax asset
    		                                531,757 3,547,856 -1,934,419 -5,579,418 
      loss on sale or disposal of subsidiaries
    		                                    
      gain on payable settlements
    		                                    
      change in warrant liability
    		                                    
      warrant expense from warrant exchange to common stock
    		                                    
      revenue share liability
    		                                    
      allowance for doubtful accounts
    		                                12,226 12,226   
      other non-current assets
    		                                    
      conversion of series b preferred stock
    		                                    
      conversion of series d preferred stock
    		                                    
      warrants exercised / reclass to equity
    		                                    
      discount of note payable
    		                                    
      common stock issued for account payable
    		                                    
      note payable issuance in conjunction with the acquisition of patent
    		                                    
      cash flows from operating activities:
    		                                    
      warrant liability
    		                                    
      stock issued for services
    		                                136,000 136,000  1,084,834 
      noncontrolling interest
    		                                    
      net cash and restricted cash from operating activities
    		                                    
      cash flows from investing activities:
    		                                    
      purchase of property, equipment, and other intangible assets
    		                              -4,194 -2,097 -8,387 -6,291 -2,097 -22,520 
      cash flows from financing activities:
    		                                    
      payment on note payable in connection with the acquisition of medtech and orthophoenix
    		                                -2,953,779 -2,953,779   
      payment on fortress note payable
    		                               -4,500,000  -3,973,854 -1,184,600  
      payment on 3d nano license note payable
    		                                    
      cash received upon issuance of equity
    		                              3,753,063      
      issuance of warrants
    		                              137,334 132,427     
      issuance of convertible notes payable
    		                                    
      medtronic note payable
    		                              600,000      
      payment of medtronic note payable
    		                                    
      payments on seimens notes payable
    		                               -1,000,000     
      payments on notes payable to vendors
    		                              -125,000 -25,000     
      payments on notes payable
    		                              -103,000 -103,000     
      net cash provided (used in) by financing activities
    		                               167,292 -8,911,688  -1,248,440  
      effect of exchange rate changes on cash
    		                              4,416 -1,556 -1,592 -145 2,607  
      net decrease in cash
    		                               -4,504,862 -1,260,201    
      cash at beginning of period
    		                              4,998,314 4,998,314 2,555,151 2,555,151 2,555,151 5,082,569 
      cash and restricted cash at end of period
    		                                    
      supplemental disclosure of cash flow information:
    		                                    
      cash paid for:
    		                                    
      interest expense
    		                              456,917 333,608 1,391,567 1,187,074 401,159  
      taxes paid
    		                              17,242  36,218 27,682 7,999  
      cash invested in 3d nano
    		                                    
      supplemental disclosure of non-cash investing and financing activities:
    		                                    
      note payable issued in conjunction with the acquisition of munitech patents
    		                                    
      note payable issued in conjunction with the acquisition of ge patent
    		                                    
      note payable issued in conjunction with the acquisition of 3d nano license
    		                                    
      5
    		                                    
      change in fair value of clouding earn out
    		                              -13,879      
      payment on 3dnano license note payable
    		                              -100,000      
      3dnano convertible notes payable
    		                              50,000      
      payments on siemen’s notes payable
    		                              -1,000,000      
      net cash from (used) in by financing activities
    		                              3,212,397      
      net increase (decrease in) in cash
    		                              -3,902,593      
      cash at end of period
    		                              1,095,721 493,452 1,294,950 7,158,779 1,420,390 3,408,839 
      cash invested in 3dnano
    		                                 115,000 115,000  
      convertible debt warrant repricing
    		                                 6,425 6,425  
      for the three months ended june 30, 2017
    		                                    
      licensor
    		                                    
      munitech ip s.a.r.l.
    		                              200,000      
      signal ip, inc.
    		                              65,000   310,000 1,900,000 400,000 
      cash received upon issuance of common stock
    		                               1,262,865     
      proceeds from fortress note payable
    		                               4,500,000     
      payments on 3d nano notes payable, gross
    		                               -100,000     
      for the three months ended march 31, 2017
    		                                    
      % of total revenues
    		                                    
      benefit from allowance for doubtul accounts
    		                                    
      loss on debt extinguishment
    		                                   654,000 
      payment on note payable in connection with the acquisition of orthophoenix
    		                                    
      payment on note payable in connection with the acquisition of sarif
    		                                   -276,250 
      payment on note payable in connection with the acquisition of ip liquidity
    		                                   -1,109,375 
      payment on note payable in connection with the acquisition of dynamic advances
    		                                   -2,624,375 
      payment on mdr escrow tli
    		                                    
      cash received upon issuance of notes payable
    		                                   19,600,000 
      repayment of notes payable
    		                                -5,379,105    
      cash received upon exercise of warrants
    		                                    
      repayment of convertible notes payable
    		                                    
      net increase in cash
    		                                 4,603,628 -1,134,761 -1,673,730 
      loan fees
    		                                    
      common stock issued in conjunction with note payable
    		                                   1,000,000 
      warrant issued in conjunction with note payable
    		                                   318,769 
      note payable issuance in conjunction with the acquisition of ge patent
    		                                1,000,000    
      non-cash interest increase in debt assumed in the orthophoenix acquisition
    		                                    
      common stock issued in conjunction with debt exstinguishment
    		                                    
      note payable issuance in conjunction with the acquisition of seimens patent
    		                                    
      note payable issuance in conjunction with the acquisition of 3d nano license
    		                                    
      conversion of ap to notes payable
    		                                    
      level 1:
    		                                    
      level 2:
    		                                    
      level 3:
    		                                    
      net income attributable to marathon patent group, inc common shareholders
    		                                -2,261,542    
      loss on debt exstinguishment
    		                                    
      common stock issued in conjunction with debt extinguishment
    		                                   654,000 
      note payable issuance in conjunction with the acquisition of bato patent
    		                                    
      note payable issuance in conjunction with the acquisition of siemens patent
    		                                1,755,635    
      note payable issuance in conjunction with the acquisition of 3dnano license
    		                                200,000    
      conversion from ap to np
    		                                    
      for the three months ended september 30, 2016
    		                                    
      note payable issuance in conjunction with the acquisition of munitech patents
    		                                 1,750,000   
      note payable issuance in conjunction with the acquisition of bato patents
    		                                    
      for the three months ended june 30, 2016
    		                                    
      dynamic advances, llc
    		                                 24,900,000   
      orthophoenix, llc
    		                                 4,500,000  2,050,000 
      prepaid expenses and other current assets
    		                                  192,352 60,938 
      payment on convertible debt
    		                                    
      cash received upon issuance of note payable, net of 400,000 loan fee
    		                                    
      cash received upon exercise of warrant
    		                                   18,751 
      payments of notes payable to vendors
    		                                  -63,840  
      for the three months ended march 31, 2016
    		                                    
      benefit from allowance for doubtful accounts
    		                                    
      deemed series a dividend beneficial conversion
    		                                    
      income tax benefit
    		                                    
      payable
    		                                    
      payments on earn-out connected to the acquisition of clouding
    		                                    
      cash received upon the issuance of convertible debt securities
    		                                    
      proceeds from sale of preferred and common stock, net of issuance costs
    		                                    
      payment in connection with the acquisition of clouding
    		                                    
      warrants issued in conjunction with note payable
    		                                    
      revenue share liability incurred in conjuntion with note payable
    		                                    
      non-cash interest increase in debt assumed in conjunction with the acquisition of orthophoenix
    		                                   750,000 
      conversion of accounts payable to notes payable
    		                                    
      common stock issued in connection with the acquisition of clouding corp
    		                                    
      earn-out liability in connection with the acquisition of clouding corp
    		                                    
      common stock granted in connection with the acquisition of tli communications, llc
    		                                    
      series b preferred stock issued in connection with the acquisition of dynamic advances llc
    		                                    
      series b convertible preferred stock issued in connection with the acquisition of dynamic advances llc and ip liquidity ventures, llc
    		                                    
      common stock issued in connection with the acquisition of selene communication technologies
    		                                    
      value of warrants pertaining to equity issuance
    		                                    
      value of warrants pertaining to convertible debt issuance
    		                                    
      notes payable issued in connection with the acquisition of ip liquidity ventures, llc, dynamic advances, llc, selene communications technologies, llc, clouding corp, and medtech companies
    		                                    
      issuance of common stock issued for prepaid services
    		                                    
      amortization of expenses connected to equity to be issued for services
    		                                    
      net reversal of expense related to forfeiture of unvested stock
    		                                    
      income tax payable
    		                                    
      impairment of patent
    		                                   766,498 
      non-cash interest, discount, financing costs
    		                                   1,926,865 
      change in fair value of clouding earn-out
    		                                   -2,901,348 
      non-cash other income
    		                                    
      payment on assumed note payable in connection with the acquisition of orthophoenix
    		                                   -5,000,000 
      payment on assumed note payable in connection with the acquisition of medtech and orthophoenix
    		                                   -4,200,000 
      payment on mdr escrow
    		                                   -50,000 
      repayment on notes payable to vendors
    		                                   -42,500 
      effect on exchange rate in changes on cash
    		                                   4,044 
      taxes
    		                                   54,437 
      fortress note issuance costs
    		                                   400,000 
      series b convertible preferred stock issued in connection with the acquisition of dynamic advances llc
    		                                    
      series b convertible preferred stock issued in connection with the acquisition of ip liquidity ventures, llc
    		                                    
      notes payable issued in connection with the acquisition of ip liquidity ventures, llc, dynamic advances, llc, selene communication technologies, llc, and clouding corp
    		                                    
      common stock issued for prepaid services
    		                                    
      revenue share liability incurred in conjunciton with note payable
    		                                   1,000,000 
      note payable issued in conjunction with bato patents
    		                                   10,000,000 
      conversion of accounts payable to note payable
    		                                   705,093 
      for the three months ended september 30, 2015
    		                                    
      ip liquidity ventures, llc
    		                                   1,800,000 
      tli communications llc / tli communications gmbh
    		                                   800,000 
      clouding corp.
    		                                   500,000 
      non-cash equity compensation
    		                                    
      non-cash revenue
    		                                    
      realized loss - available for sale
    		                                    
      gain on sale of assets of discontinued operations
    		                                    
      assets of discontinued operations - current portion
    		                                    
      acquisition of cyberfone
    		                                    
      proceeds received from sale of marketable securities
    		                                    
      sale of real estate property
    		                                    
      capitalized cost related to improvements of real estate property
    		                                    
      payable in connection with the acquisition of tli
    		                                    
      proceeds from a note payable in connection with the acquisition of cyberfone systems, llc
    		                                    
      payment on note payable in connection with the acquisition of cyberfone systems, llc
    		                                    
      payment on note payable in connection with the acquisition of medtech
    		                                    
      payment on note payable in connection with the acquisition of clouding
    		                                    
      payment on earn-out connected to the acquisition of clouding
    		                                    
      cash received upon issuance of convertible debt securities
    		                                    
      interest expense and loan fees
    		                                    
      common stock issued in connection with the acquisition of cyberfone systems, llc
    		                                    
      common stock issued for the acquisition of patents
    		                                    
      notes payable issued in connection with the acquisition of ip liquidity ventures, llc, dynamic advances, llc, selene communication technologies, llc, clouding corp, and medtech companies
    		                                    
      series b preferred stock issued for services
    		                                    
      acquisition of patents in connection with a non-cash settlement
    		                                    
      the accompanying notes are an integral part to these audited consolidated financial statements.
    		                                    
      stock based compensation relating to warrants
    		                                    
      net income attributable to marathon patent group, inc.
    		                                    
      amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services
    		                                    
      stock based compensation on warrants
    		                                    
      stock based compensation on options granted
    		                                    
      stock based compensation on common stock issuances
    		                                    
      common stock issued for services
    		                                    
      non-cash loss -securities available for sale
    		                                    
      non-cash other (income) loss
    		                                    
      gain on sale of assets- securities available for sale
    		                                    
      realized loss - securities available for sale
    		                                    
      impairment of mineral rights
    		                                    
      impairment of assets of discontinued operations
    		                                    
      prepaid expenses
    		                                    
      assets of discontinued operations - long term portion
    		                                    
      increase in other comprehensive income
    		                                    
      acquisition of mineral rights
    		                                    
      note receivable - related party
    		                                    
      collection on note receivable - related party
    		                                    
      proceeds received from the sale of marketable securities
    		                                    
      acquisition of real estate property
    		                                    
      proceeds from the issuance of a note in connection with acquisition of patents
    		                                    
      payment on note payable - related party
    		                                    
      payment on note payable in connection with the acquisition of patents
    		                                    
      payment in connection with the cancellation of stock and rescission agreement
    		                                    
      proceeds from disgorgement of former officer short swing profits
    		                                    
      proceeds from sale of common stock, net of issuance costs
    		                                    
      issuance of common stock for advances payable
    		                                    
      assumption of prepaid assets upon exercise of option agreement
    		                                    
      assumption of accounts payable upon exercise of option agreement
    		                                    
      issuance of a note payable in connection with an option agreement
    		                                    
      issuance of common stock in connection with an option agreement
    		                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.