Marathon Patent Group, Inc., together with its subsidiaries, acquires and monetizes patents primarily in the United States. The company is involved in the acquisition of patents and patent rights from their owners ranging from individual inventors to Fortune 500 companies; and monetization of its patents and patent rights by entering into license discussions, and settlement and license agreements. As of December 31, 2015, it owned 327 patents and patent rights, and 12 patent applications in various technologies, markets, and countries. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013. Marathon Patent Group, Inc. was incorporated in 2010 and is headquartered in Los Angeles, California.