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Condensed Statements Of Operations (USD $)
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3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Condensed Statements Of Operations | ||||
| Royalty Revenue | $ 1,814,000 | $ 174,000 | $ 5,390,000 | $ 292,000 |
| Cost of Revenue | 514,000 | 9,000 | 1,542,000 | 15,000 |
| Gross Profit | 1,300,000 | 165,000 | 3,848,000 | 277,000 |
| Operating Expenses: | ||||
| General and Administrative | 537,000 | 1,053,000 | 1,283,000 | 1,776,000 |
| Additional Patent Expense | 1,000,000 | 1,000,000 | ||
| Non-Cash compensation | 113,000 | 269,000 | 209,000 | 316,000 |
| Total Operating Expenses | 1,650,000 | 1,322,000 | 2,492,000 | 2,092,000 |
| Operating Income (Loss) | (350,000) | (1,157,000) | 1,356,000 | (1,815,000) |
| Other Income (Expenses): | ||||
| Interest income, net | 16,000 | 32,000 | ||
| Income (Loss) before income taxes | (334,000) | (1,157,000) | 1,388,000 | (1,815,000) |
| Income Taxes (Benefit) | ||||
| Current | 56,000 | |||
| Deferred | (7,000,000) | (7,000,000) | ||
| Total Income Taxes (Benefit) | (7,000,000) | 0 | (6,944,000) | 0 |
| Net Income (Loss) | $ 6,666,000 | $ (1,157,000) | $ 8,332,000 | $ (1,815,000) |
| Net Income (loss) per share - Basic | $ 0.26 | $ (0.05) | $ 0.32 | $ (0.08) |
| Net Income (loss) per share - Diluted | $ 0.21 | $ (0.05) | $ 0.27 | $ (0.08) |
| Weighted average number of common shares outstanding: | ||||
| Basic | 25,974,609 | 24,250,942 | 25,961,815 | 24,193,568 |
| Diluted | 31,195,523 | 24,250,942 | 31,182,729 | 24,193,568 |
| X | ||||||||||
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- Definition
Additional patent expenses incurred subsequent to the patent acquisition are capitalized when future economic benefits occur if the service life of the patent is prolonged, the quantity of services expected from the patent are increased, or the quality of services expected from the patent are improved. Expenditures not meeting at least one of these criteria are expensed as incurred.
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| X | ||||||||||
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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