Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements Of Cash Flow (Unaudited)

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Condensed Statements Of Cash Flow (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 2,660,000 $ 8,332,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,000 5,000
Non Cash Compensation 165,000 290,000
Source (use) of cash from changes in operating assets and liabilities:    
Royalty receivables and other current assets (1,162,000) (1,513,000)
Accounts payable and accrued expenses (1,012,000) 491,000
Income Taxes Payable (67,000) (52,000)
Deferred tax asset 568,000 (7,000,000)
Security deposits    (13,000)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,157,000 459,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares delivered to fund withholding taxes (487,000)   
Repurchase of treasury stock (52,000)   
Proceeds from exercises of options and warrants    15,000
NET CASH PROVIDED (USED IN) FINANCING ACTIVITIES (539,000) 15,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 618,000 474,000
CASH AND CASH EQUIVALENTS, beginning of period 20,661,000 21,348,000
CASH AND CASH EQUIVALENTS, end of period 21,279,000 21,822,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest      
Taxes $ 72,000 $ 108,000