SEC Filing Summary: Marathon Patent Group, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Marathon Patent Group, Inc. (Nevada) on April 16, 2013. The report discloses a material definitive agreement entered into by the Company's subsidiary, Relay IP, Inc.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a specific corporate transaction rather than periodic financial performance.
Material Changes
- Patent Acquisition: On April 16, 2013, Relay IP, Inc. acquired U.S. Patent 5,331,637 from Mosaid Technologies Incorporated, a Canadian corporation.
- Documentation: A press release detailing the acquisition is attached as Exhibit 99.1.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors beyond the disclosure of the patent acquisition. No unusual items or contingencies are described in the provided text.
Investor Verification Checklist
- Verify the commercial value and litigation potential of U.S. Patent 5,331,637.
- Review the attached press release (Exhibit 99.1) for details on the acquisition terms and strategic intent.
- Confirm the financial impact of the acquisition on the Company's balance sheet in subsequent periodic reports (10-Q or 10-K).