Timios National Inactive 10-Q12 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013	Nov. 08, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Timios National Corp	'
Entity Central Index Key	'0001006459	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	2,351,599
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets:	'	'
Cash	$775,546	$1,565,758
Escrow receivable	'	800,000
Current portion of note receivable	90,530	90,530
Prepaid and other	932,952	489,427
Total current assets	1,799,028	2,945,715
Fixed assets - net	1,100,648	381,877
Loan and collar agreement	500,000	'
Note receivable	67,958	139,244
Intangible assets - net	452,809	248,667
Goodwill	5,100,543	1,674,242
Total assets	9,020,986	5,389,745
Current liabilities:	'	'
Accounts payable	1,420,753	925,104
Contingent consideration	870,000	254,215
Current portion of acquisition note payable	100,000	'
Current portion of note payable - related party	227,091	980,637
Accrued compensation	887,400	824,005
Accrued other liabilities	56,495	24,318
State income taxes payable	98,986	101,269
Total current liabilities	3,660,725	3,109,548
Acquisition notes payable	2,930,000	'
Note payable - related party	109,498	287,676
Total liabilities	6,700,223	3,397,224
Stockholders' Equity	'	'
Preferred stock, $0.01 par value, 5,000,000 shares authorized, 2,564,487 shares (2,589,143 at December 31, 2012) issued and outstanding	25,645	25,891
Common stock, $0.001 par value, 50,000,000 shares authorized, 2,351,599 shares (2,270,528 at December 31, 2012) issued and outstanding	2,352	2,271
Additional paid-in capital	77,527,152	77,473,993
Accumulated deficit	-75,234,386	-75,509,634
Total stockholders' equity	2,320,763	1,992,521
Total liabilities and stockholders' equity	$9,020,986	$5,389,745

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Condensed Consolidated Balance Sheets	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	2,564,487	2,589,143
Preferred stock, shares outstanding	2,564,487	2,589,143
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	2,351,599	2,270,528
Common stock, shares outstanding	2,351,599	2,270,528

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Condensed Consolidated Statements of Operations	'	'	'	'
Net revenue	$6,810,457	$5,670,262	$22,683,789	$15,134,933
Costs of revenue	5,067,135	4,035,979	16,225,635	10,871,954
Gross profit on revenue	1,743,322	1,634,283	6,458,154	4,262,979
General and administrative expenses	1,926,920	1,766,026	6,156,271	4,763,253
Operating income	-183,598	-131,743	301,883	-500,274
Other expense	61,607	-57,604	57,560	-152,069
Income (loss) before income taxes	-121,991	-189,347	359,443	-652,343
State income tax expense (benefit)	-2,215	-73,860	84,195	6,875
Net income (loss)	-119,776	-115,487	275,248	-659,218
Loss attributable to noncontrolling interests	'	-34,428	'	-29,745
Series H Preferred Stock beneficial conversion feature	'	-10,430	'	-17,792
Income (loss) attributable to common stockholders of Timios National Corporation	($119,776)	($160,345)	$275,248	($706,755)
Income (loss) per common share attributable to Timios National Corporation stockholders - basic and diluted	'	'	'	'
Diluted (in dollars per share)	($0.05)	($0.20)	$0.03	($2.04)
Basic (in dollars per share)	($0.05)	($0.20)	$0.12	($2.04)
Weighted average shares outstanding -	'	'	'	'
Basic (in shares)	2,351,599	823,866	2,332,438	346,248
Diluted (in shares)	2,351,599	823,866	10,985,703	346,248

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Condensed Consolidated Statements of Cash Flows	'	'
Net cash provided by (used in) operating activities	$544,826	($23,203)
Net cash used in investing activities	-400,673	-330,674
Net cash (used in) provided by financing activities	-934,365	-433,281
Net decrease in cash	-790,212	-787,158
Cash, beginning of period	1,565,758	2,679,057
Cash, end of period	$775,546	$1,891,899

Organization_and_Basis_of_Pres

Organization and Basis of Presentation of Unaudited Interim Financial Statements.	9 Months Ended
	Sep. 30, 2013
Organization and Basis of Presentation of Unaudited Interim Financial Statements.	'
Organization and Basis of Presentation of Unaudited Interim Financial Statements.	'
	1. Organization and Basis of Presentation of Unaudited Interim Financial Statements.

	Organization

	Timios National Corporation (the “Company” or the “Holding Company”) is a consolidator of companies, whose current subsidiaries provide title, settlement, escrow, appraisal and asset management real estate services. We are focused on creating long term value by taking a controlling interest in and developing our subsidiary companies through superior operations and management. We intend to operate businesses that provide real estate services, growing organically and by acquisitions. The Company targets emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on opportunities in the aforementioned industry sector.

	Basis of Presentation

	The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

	The condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, Fiducia Real Estate Services, Inc. (“FRES”) and FRES’s wholly-owned subsidiaries, Timios, Inc. (“Timios” and its wholly-owned subsidiaries Timios Escrow Services, Inc. or “TEI” and Glen County Title Company, Inc. or “GCTC”), Timios Appraisal Management, Inc. (“TAM”) and Default Servicing USA, Inc. (“DSUSA”). All intercompany balances and transactions have been eliminated.

	Reclassifications — Certain prior period balances have been reclassified to conform to the current period presentation.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2013
Income Taxes	'
Income Taxes	'
	2. Income Taxes

	The Company has not recorded any federal income tax expense or benefit for the nine months ended September 30, 2013, mainly due to available federal net operating loss carryforwards. The Company has recorded an income tax valuation allowance equal to the benefit of any deferred tax asset because of the uncertain nature of realization. The Company has recorded state income tax expense for certain of the jurisdictions in which it operates.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2013
Earnings (Loss) Per Share	'
Earnings (Loss) Per Share	'
	3. Earnings (Loss) Per Share

	The basic earnings (loss) per share was computed by dividing the net income or loss applicable to the Company’s common stockholders by the weighted average shares of common stock outstanding during each period.

	Diluted earnings per share are computed using outstanding shares of common stock plus the Company’s Series J convertible preferred stock (the “Preferred Shares”) and common stock options and warrants that can be exercised or converted, as applicable, into common stock, par value $0.001, at September 30, 2013 and 2012. Diluted earnings per share are not indicated for the three and nine month periods ended September 30, 2012 because the effect would be anti-dilutive.

	The reconciliations of the basic and diluted income (loss) per share for the income (loss) attributable to the Company’s shareholders are as follows:

		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013		2012

	Basic and Diluted Earnings (Loss) Per Share:
	Net Income (Loss)	$	(119,776	)	$	(115,487	)	$	275,248	$	(659,218	)
	Income attributable to noncontrolling interests	—			(34,428		)	—		(29,745		)
	Series H Preferred Stock beneficial conversion feature	—			(10,430		)	—		(17,792		)
	Income (loss) attributable to common stockholders	$	(119,776	)	$	(160,345	)	$	275,248	$	(706,755	)

	Shares (Denominator)
	Weighted-average number of common shares:
	Basic	2,351,599			823,866			2,332,438		346,248
	Diluted	2,351,599			823,866			10,985,703		346,248

	Earnings Per Common Share
	Basic — net income (loss)	$	(0.05	)	$	(0.20	)	$	0.12	$	(2.04	)
	Diluted — net income (loss)	$	(0.05	)	$	(0.20	)	$	0.03	$	(2.04	)

Cash_Flows

Cash Flows	9 Months Ended
Cash Flows	Sep. 30, 2013
Cash Flows	'
Cash Flows	'
	4. Cash Flows

	Supplemental disclosure of cash flow information for the nine month period ending September 30, 2013 and 2012, are as follows:

		Nine Months Ended September 30,
		2013		2012

	Cash paid during the period for:
	Interest	$	—	$	18,280
	Taxes	86,941		58,668

	Supplemental disclosure for noncash investing and financing activity:
	Dividends recognized from beneficial Conversion feature	$	—	$	17,792
	Settlement of related party Note Receivable with equity issuance	$	—	$	(3,023,461	)
	Settlement of Series F and Series H Preferred stock with equity issuance	$	—	$	(9,998,988	)
	Settlement of dividends payable	$	—	$	(4,234,557	)
	Exchange of non-controlling interests For Series J preferred stock and Common stock	$	—	$	(998,070	)
	Retirement of treasury stock	$	—	$	(250,000	)
	Conversion of Series J preferred stock For common stock	$	—	$	31,500
	Collection of related party note Receivable with management bonus	$	—	$	458,453
	Debt issuance for acquisition of Subsidiary	$	4,100,000	$	—

Equity_Activity

Equity Activity	9 Months Ended
Equity Activity	Sep. 30, 2013
Equity Activity	'
Equity Activity	'
	5. Equity Activity

	During the three and nine months ended September 30, 2013, the Company recorded $17,616 and $52,848, respectively ($5,872 per month) as compensation expense, thereby increasing additional paid in capital, based on the stock options granted to employees and a director on December 17, 2012, under the 2012 Employee, Director and Consultant Equity Incentive Plan, or the 2012 Plan.

Asset_Purchase_Agreement_Adobe

Asset Purchase Agreement - Adobe Title, LLC	9 Months Ended
	Sep. 30, 2013
Asset Purchase Agreement - Adobe Title, LLC	'
Asset Purchase Agreement - Adobe Title, LLC	'
	6. Asset Purchase Agreement — Adobe Title, LLC

	On September 15, 2013, Timios, a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement (the “Agreement”) with Adobe Title, LLC, a Texas limited liability company (“Adobe”),.and Adobe’s members, Geoff Henley and Hudson Henley. Adobe provides title insurance and escrow services to lenders in Texas.

	Under the terms of the Agreement, Timios acquired certain assets and properties of, and assumed certain liabilities, from Adobe in consideration of (i) $500,000 (the “Base Purchase Price”), plus (ii) an earn-out equal to 7.25% of the Gross Revenue (as defined in the Agreement) of Adobe, up to a maximum of $3,500,000 (the “Maximum Contingent Amount”), starting approximately six months from the date of the Agreement and ending on the forty-eighth monthly anniversary of such start date (the “Earn-Out”). The Base Purchase Price consists of a cash payment equal to $200,000 and a promissory note in the principal amount of $300,000. The cash portion of the Base Purchase Price is payable in two equal installments of $100,000 each, the first of which was paid at the closing and the second will be paid on November 30, 2013. The promissory note (the “Note”) is in the principal amount of $300,000 and accrues interest at an annual rate of 8% compounded annually, payable in one lump sum (subject to Timios’s voluntary pre-payments, which may be made without penalty) on or before the date of the last payment under the Earn-Out is to be made.

	The Agreement provides for customary representations and warranties by both parties, and provides Timios with a right to indemnification for losses arising out of (i) the breach of such representations and warranties; (ii) the failure to satisfy any covenants; (iii) the liabilities contractually excluded from the sale; (iv) the ownership of the assets acquired prior to the closing and the ownership of the assets excluded from the sale; (v) the operation of the business acquired prior to the closing; or (vi) any indebtedness of Adobe or transaction expenses of Adobe not satisfied at or prior to the closing. Timios may make a claim for indemnification if and when it suffers losses equal at least an aggregate of $25,000, at which time all losses, including the initial $25,000, may be claimed. Timios’s right to indemnification is subject to a cap of $250,000 for any losses arising out of clause (i) above and up to the Maximum Contingent Amount with respect to all other losses. Timios has a right of set-off for its losses against the Earn-Out payments.

	The Company intends to provide proforma financial statements, in an amended 8K filed not later than November 29, 2013, reflecting the results of the combined companies assuming the acquisition of the assets was completed at December 31, 2011. The proforma consolidation will include statements for the periods December 31, 2011, June 30, 2012, December 31, 2012 and June 30, 2013.

	The summary table below reflects the preliminary initial allocation of the purchase price of the assets, assuming the entire Earn-Out is achieved:

	Assets
	Deposits on leased facilities	$	15,177
	Fixed assets — net	558,522
	Goodwill	3,426,301
	Total Assets	4,000,000

	Liabilities
	Contingent purchase price	3,500,000
	Note payable — short term (November 30, 2013)	100,000
	Note payable — long term	300,000
	Total Liabilities	3,900,000

	Equity
	Investment in purchased assets	100,000

	Total Liabilities and Equity	4,000,000


	The above allocations of purchase price are preliminary and subject to refinement over the next twelve months as additional information becomes available.

Term_Loan_and_Collar_Agreement

Term Loan and Collar Agreement with Yorkville Global Investments, L.P. ("YA")	9 Months Ended
	Sep. 30, 2013
Term Loan and Collar Agreement with Yorkville Global Investments, L.P. ("YA")	'
Term Loan and Collar Agreement with Yorkville Global Investments, L.P. ("YA")	'
	7. Term Loan and Collar Agreement with Yorkville Global Investments, L.P. (“YA”)

	On May 21, 2013, the Company entered into the following agreements with YA Global Investments, L.P. (“YA”): (i) Term Loan and Collar Agreement (the “Loan Agreement”), Stock Pledge Agreement (the “Pledge Agreement”) and Loan and Collar Call Agreement (the “Call Agreement”).

	Under the terms of the Loan Agreement, the Company loaned a principal amount of $500,000 to YA (the “Loan”) at an annually compounded interest rate equal to One and Nine One Hundredths Percent (1.09%). The Loan matures on May 21, 2017, unless the Company accelerates maturity with 30 days’ prior notice (the “Maturity Date”). The Loan is secured by 253,434 shares of the Company’s Series J Preferred Stock, par value $0.01 (the “Preferred Stock”), owned by YA, which Preferred Stock is pledged to the Company pursuant to the Pledge Agreement (the “Collateral Shares”). The Loan is to be repaid in cash on the settlement date, which is the earlier to occur of (i) the date on which all of the Collateral Shares have been sold or otherwise disposed of and (ii) the date that is 120 days after the Maturity Date (the “Settlement Date”), or earlier if an Event of Default has occurred, as defined in the Loan Agreement. Although YA may prepay all or part of the Loan without penalty, YA is not required to pay any amounts under the Loan Agreement prior to the Settlement Date.

	Within ten calendar days after the Maturity Date, YA is required to retain a broker mutually acceptable to both parties, or failing this the Company may retain one, who would be required to sell all, but not less than all, Collateral Shares not previously sold prior to the Maturity Date. The broker would have 90 days to sell the Collateral Shares, or failing this YA may put the Collateral Shares to the Company at a price per share of the Company’s common stock as determined by a third party valuation company, or other valuation methodology, in each case, mutually acceptable to both the Company and YA; provided, however, that if the Company’s common stock ceases to be quoted for trading or listed for trading on any national securities exchange that is registered with the Securities Exchange Commission or with the NASDAQ OTC Bulletin Board (a “Going Private Event”), the value of such common stock shall be $0.78 per share.

	The Company and YA agreed on a collar arrangement that allocates the risk associated with the value of the Collateral Shares as of the Settlement Date as follows:

	· If (i) a Going Private Event has not occurred, (ii) the Collateral Shares are sold or otherwise disposed of and (iii) the price per share of common stock (issued upon conversion of the Preferred Stock, or “Conversion Share”) is $0.60 or less, then the Company is required to pay to YA an amount equal to the product of (A) the difference between $0.60 and the price per Conversion Share and (B) the number of Conversion Shares.

	· If (i) a Going Private Event has occurred, (ii) the Collateral Shares are sold or otherwise disposed of and (iii) the price per Conversion Share is $0.78 or less, then the Company is required to pay to YA an amount equal to the product of (A) the difference between $0.78 and the price per Conversion Share and (B) the number of Conversion Shares.

	· If Collateral Shares are sold or otherwise disposed of and the price per Conversion Share is more than $0.78, then YA is required to pay to the Company an amount equal to the product of (i) the difference between the price per Conversion Share and $0.78 and (ii) the number of Conversion Shares.

	The Company also entered into the Call Agreement with YA, pursuant to which the Company may require YA to enter into a second loan and collar agreement substantially similar to the Loan Agreement, for a period of six months following the execution of the Call Agreement. This optional loan would be in an original principal amount equal to $3,274,409 and would be secured by 1,659,690 shares of Preferred Stock owned by YA pursuant to a pledge agreement substantially similar to the Pledge Agreement. The balance of the Preferred Stock owned by YA, or 76,030 shares, may be converted and sold by YA in its sole discretion (“Discretionary Sales”). YA is also subject to a beneficial ownership blocker and can only vote shares of the Company’s common stock that it owns, directly or on an as-converted basis, in an amount up to 9.9% of the Company’s outstanding shares of common stock (“Beneficial Ownership Limitation”).

	If the Company requires YA to enter into a second loan and collar agreement, YA has agreed to vote in favor of revising the terms of the Certificate of Designations, Preferences and Rights of Series J Preferred Stock filed with the Secretary of State of the State of Delaware on August 28, 2012 (the “Certificate of Designation”), such that all protective and dilution provisions will be removed, as described in more detail in the Call Agreement. In addition, YA’s ability to waive its Beneficial Ownership Limitation will be removed, except in the case of a mandatory conversion of the Preferred Stock under the terms of the Certificate of Designation. As a condition precedent to the effectiveness of the Call Agreement, the price per share of the Company’s common stock must be at least $0.60, but not more than $0.78. In addition, YA has agreed not to enter, either directly or indirectly, into any hedging arrangement, as described in more detail in the Call Agreement, with respect to any of the Company’s shares, and not to sell and/or convert any shares of Preferred Stock, other than in connection with Discretionary Sales.

	Copies of each of the Loan Agreement, Pledge Agreement and Call Agreement were filed as exhibits to an 8K on May 23, 2013 and such documents are incorporated herein by reference. The information contained in this footnote is only a brief description of the material terms of such documents, does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits.

Completion_of_Glen_County_Titl

Completion of Glen County Title Company (''GCTC'') Acquisition	9 Months Ended
	Sep. 30, 2013
Completion of Glen County Title Company ("GCTC") Acquisition	'
Completion of Glen County Title Company ("GCTC") Acquisition	'
	8. Completion of Glen County Title Company (“GCTC”) Acquisition

	In May 2012, the Company through its wholly owned Timios, Inc. subsidiary, entered into a purchase and sale agreement with Glen County Title Company (“GCTC”) and its owners. The agreement stipulated that the Company, upon approval of the California Department of Insurance, would acquire GCTC for an initial cash purchase price of $175,000, subject to working capital requirements, and a twelve (12) month earnout of up to $200,000, subject to the former owner remaining as an employee of GCTC.

	On June 6, 2013, the California Department of Insurance gave its regulatory approval to complete the acquisition under the terms of the original purchase and sale agreement. On June 15, 2013, the Company completed the acquisition, pursuant to the May 2012 agreement. The Company believes it is highly certain that the former owner of GCTC will achieve the maximum earnout as determined under the agreement.

	Since GCTC is not significant to the overall operations of Timios National Corporation or Timios, Inc., the Company has not provided comparative historical financial information concerning the acquisition. The table below reflects the allocation of the estimated final purchase price of GCTC:

	Assets Purchased and Liabilities Assumed	Purchase Price
		Allocation

	Cash (received at closing)	$	75,318
	Accounts receivable	27,914
	Fixed assets	40,486
	California title insurance license	102,889
	Title plant (historical title records)	127,742
	Prepaid expenses and deposits	18,207
	Employee non-compete agreement	15,000
	Accounts payable and accrued liabilities	(17,702		)
	Other liabilities	(14,854		)

	Total purchase price	$	375,000

	The above allocations of purchase price are preliminary and subject to refinement over the next twelve months as additional information becomes available.

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings (Loss) Per Share	'
Schedule of reconciliations of the basic and diluted income (loss) per share	'


		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013		2012

	Basic and Diluted Earnings (Loss) Per Share:
	Net Income (Loss)	$	(119,776	)	$	(115,487	)	$	275,248	$	(659,218	)
	Income attributable to noncontrolling interests	—			(34,428		)	—		(29,745		)
	Series H Preferred Stock beneficial conversion feature	—			(10,430		)	—		(17,792		)
	Income (loss) attributable to common stockholders	$	(119,776	)	$	(160,345	)	$	275,248	$	(706,755	)

	Shares (Denominator)
	Weighted-average number of common shares:
	Basic	2,351,599			823,866			2,332,438		346,248
	Diluted	2,351,599			823,866			10,985,703		346,248

	Earnings Per Common Share
	Basic — net income (loss)	$	(0.05	)	$	(0.20	)	$	0.12	$	(2.04	)
	Diluted — net income (loss)	$	(0.05	)	$	(0.20	)	$	0.03	$	(2.04	)

Cash_Flows_Tables

Cash Flows (Tables)	9 Months Ended
Cash Flows (Tables)	Sep. 30, 2013
Cash Flows	'
Schedule of supplemental disclosure of cash flow information	'


		Nine Months Ended September 30,
		2013		2012

	Cash paid during the period for:
	Interest	$	—	$	18,280
	Taxes	86,941		58,668

	Supplemental disclosure for noncash investing and financing activity:
	Dividends recognized from beneficial Conversion feature	$	—	$	17,792
	Settlement of related party Note Receivable with equity issuance	$	—	$	(3,023,461	)
	Settlement of Series F and Series H Preferred stock with equity issuance	$	—	$	(9,998,988	)
	Settlement of dividends payable	$	—	$	(4,234,557	)
	Exchange of non-controlling interests For Series J preferred stock and Common stock	$	—	$	(998,070	)
	Retirement of treasury stock	$	—	$	(250,000	)
	Conversion of Series J preferred stock For common stock	$	—	$	31,500
	Collection of related party note Receivable with management bonus	$	—	$	458,453
	Debt issuance for acquisition of Subsidiary	$	4,100,000	$	—

Asset_Purchase_Agreement_Adobe1

Asset Purchase Agreement - Adobe Title, LLC (Tables) (Adobe)	9 Months Ended
	Sep. 30, 2013
Adobe	'
Acquisition	'
Summary of preliminary initial allocation of purchase price of assets, assuming the entire Earn-Out is achieved	'


	Assets
	Deposits on leased facilities	$	15,177
	Fixed assets — net	558,522
	Goodwill	3,426,301
	Total Assets	4,000,000

	Liabilities
	Contingent purchase price	3,500,000
	Note payable — short term (November 30, 2013)	100,000
	Note payable — long term	300,000
	Total Liabilities	3,900,000

	Equity
	Investment in purchased assets	100,000

	Total Liabilities and Equity	4,000,000

Completion_of_Glen_County_Titl1

Completion of Glen County Title Company (''GCTC'') Acquisition (Tables) (GCTC)	9 Months Ended
	Sep. 30, 2013
GCTC	'
Acquisition	'
Schedule of allocation of the estimated final purchase price	'


	Assets Purchased and Liabilities Assumed	Purchase Price
		Allocation

	Cash (received at closing)	$	75,318
	Accounts receivable	27,914
	Fixed assets	40,486
	California title insurance license	102,889
	Title plant (historical title records)	127,742
	Prepaid expenses and deposits	18,207
	Employee non-compete agreement	15,000
	Accounts payable and accrued liabilities	(17,702		)
	Other liabilities	(14,854		)

	Total purchase price	$	375,000

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
Earnings (Loss) Per Share (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Earnings (Loss) Per Share	'	'	'	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00	$0.00	$0.00
Basic and Diluted Earnings (Loss) Per Share:	'	'	'	'	'
Net Income (Loss)	($119,776)	($115,487)	$275,248	($659,218)	'
Income attributable to noncontrolling interests	'	-34,428	'	-29,745	'
Series H Preferred Stock beneficial conversion feature	'	-10,430	'	-17,792	'
Net loss attributable to common stockholders of Timios National Corporation	($119,776)	($160,345)	$275,248	($706,755)	'
Shares (Denominator) Weighted-average number of common shares:	'	'	'	'	'
Basic (in shares)	2,351,599	823,866	2,332,438	346,248	'
Diluted (in shares)	2,351,599	823,866	10,985,703	346,248	'
Earnings (Loss) Per Common Share	'	'	'	'	'
Basic - net income (loss) (in dollars per share)	($0.05)	($0.20)	$0.12	($2.04)	'
Diluted - net income (loss) (in dollars per share)	($0.05)	($0.20)	$0.03	($2.04)	'

Cash_Flows_Details

Cash Flows (Details) (USD $)	3 Months Ended	9 Months Ended
Cash Flows (Details) (USD $)	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Cash paid during the period for:	'	'	'
Interest	'	'	$18,280
Taxes	'	86,941	58,668
Supplemental disclosure for noncash investing and financing activity:	'	'	'
Dividends recognized from beneficial Conversion feature	10,430	'	17,792
Settlement of related party Note Receivable with equity issuance	'	'	-3,023,461
Settlement of Series F and Series H Preferred stock with equity issuance	'	'	-9,998,988
Settlement of dividends payable	'	'	-4,234,557
Exchange of non-controlling interests For Series J preferred stock and Common stock	'	'	-998,070
Retirement of treasury stock	'	'	-250,000
Conversion of Series J preferred stock For common stock	'	'	31,500
Collection of related party note Receivable with management bonus	'	'	458,453
Debt issuance for acquisition of subsidiary	'	$4,100,000	'

Equity_Activity_Details

Equity Activity (Details) (USD $)	3 Months Ended	9 Months Ended
Equity Activity (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2013
Equity Activity	'	'
Compensation expense recorded resulting in an increase in additional paid in capital	$17,616	$52,848
Compensation expense recorded per month	'	$5,872

Asset_Purchase_Agreement_Adobe2

Asset Purchase Agreement - Adobe Title, LLC (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 15, 2013	Sep. 15, 2013
			Timios	Timios
			Adobe	Adobe
			item	Note
Asset purchase agreement	'	'	'	'
Base purchase price	'	'	$500,000	'
Earn-out amount as a percentage of gross revenue	'	'	7.25%	'
Period between the date of agreement and start date of earn-out period	'	'	'6 months	'
Earn-Out period	'	'	'48 months	'
Cash payment included in base purchase price	'	'	200,000	'
Principal amount of promissory note issued as a part of the base purchase price	'	'	300,000	'
Number of installments of cash purchase price	'	'	2	'
Installment amount	'	'	100,000	'
Interest rate (as a percent)	'	'	'	8.00%
Threshold amount for right to claim indemnification on breach of conditions	'	'	25,000	'
Maximum amount that can be indemnified on breach of customary representations and warranties	'	'	250,000	'
Assets	'	'	'	'
Deposits on leased facilities	'	'	15,177	'
Fixed assets - net	'	'	558,522	'
Goodwill	5,100,543	1,674,242	3,426,301	'
Total Assets	'	'	4,000,000	'
Liabilities	'	'	'	'
Contingent purchase price	'	'	3,500,000	'
Note payable - short term (November 30, 2013)	'	'	100,000	'
Note payable - long term	'	'	300,000	'
Total Liabilities	'	'	3,900,000	'
Equity	'	'	'	'
Investment in purchased assets	'	'	100,000	'
Total Liabilities and Equity	'	'	$4,000,000	'
Purchase price allocation refinement period	'	'	'12 months	'

Term_Loan_and_Collar_Agreement1

Term Loan and Collar Agreement with Yorkville Global Investments, L.P. ("YA") (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

21-May-13

Sep. 30, 2013

21-May-13

Sep. 30, 2013

Loan Agreement

Call Agreement

item

Maximum

Minimum

Series J Preferred Stock

Maximum

Minimum

Common Stock

Series J Preferred Stock

Maximum

Term Loan and Collar Agreement

Principal amount of loan

$500,000

$3,274,409

Interest rate (as a percent)

1.09%

Acceleration notice period

'30 days

Collateral Shares

253,434

1,659,690

Par value of collateral shares (in dollars per share)

$0.01

Period after maturity date for repayment of loan

'120 days

Period after maturity date within which broker needs to be retained

'10 days

Number of brokers to be appointed

Period allowed for sale or return of collateral shares

'90 days

Price per conversion share on occurrence of going private event (in dollars per share)

$0.78

Price per conversion share (in dollars per share)

$0.78

$0.60

Term of agreement

'6 months

Discretionary preferred stock (in shares)

76,030

Beneficial ownership limitation (as a percent)

9.90%

Completion_of_Glen_County_Titl2

Completion of Glen County Title Company (''GCTC'') Acquisition (Details) (GCTC, USD $)	1 Months Ended
	31-May-12
GCTC	'
Completion of Glen County Title Company (GCTC) Acquisition	'
Initial cash purchase price	$175,000
Earn-Out period	'12 months
Maximum earnout	200,000
Allocation of the estimated final purchase price	'
Cash (received at closing)	75,318
Accounts receivable	27,914
Fixed assets	40,486
California title insurance license	102,889
Title plant (historical title records)	127,742
Prepaid expenses and deposits	18,207
Employee non-compete agreement	15,000
Accounts payable and accrued liabilities	-17,702
Other liabilities	-14,854
Total purchase price	$375,000