Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements Of Cash Flow

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Condensed Statements Of Cash Flow (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,923,000 $ 1,666,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,000 2,000
Stock based compensation 91,000 91,000
Non-cash consulting fees   5,000
Source (use) of cash from changes in operating assets and liabilities:    
Royalty receivables and other current assets (3,495,000) (3,370,000)
Accounts payable and accrued expenses 843,000 (136,000)
Income Taxes Payable (55,000) (34,000)
Deferred tax asset 420,000  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (271,000) (1,776,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares delivered to fund withholding taxes (379,000)  
Repurchase of treasury stock (15,000)  
Proceeds from exercises of options and warrants   15,000
NET CASH PROVIDED (USED IN) FINANCING ACTIVITIES (394,000) 15,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (665,000) (1,761,000)
CASH AND CASH EQUIVALENTS, beginning of period 20,661,000 21,348,000
CASH AND CASH EQUIVALENTS, end of period 19,996,000 19,587,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 0  
Taxes $ 100,000 $ 90,000