Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,310,000 $ 2,997,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of Patents 826,000 818,000
Stock based compensation 174,000 162,000
Deferred tax provision 666,000 $ 1,566,000
Impairment of investments 386,000  
Sources (uses) of cash from changes in operating assets and liabilities:    
Royalty receivables (592,000) $ (4,323,000)
Other current assets 76,000 70,000
Accounts payable (102,000) (50,000)
Accrued expense (1,223,000) 1,077,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,521,000 2,317,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of patents and other assets $ (35,000) (40,000)
Acquisitions of Investments, at cost   (190,000)
NET CASH USED IN INVESTING ACTIVITIES $ (35,000) (230,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares delivered to fund withholding taxes on exercise of options   (1,064,000)
Repurchases of common stock, net of commissions $ (2,397,000) (2,877,000)
Repurchase of warrants   (505,000)
NET CASH USED IN FINANCING ACTIVITIES $ (2,397,000) (4,446,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (911,000) (2,359,000)
CASH AND CASH EQUIVALENTS, beginning of period 17,662,000 18,938,000
CASH AND CASH EQUIVALENTS, end of period $ 16,751,000 $ 16,579,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest    
Cash paid for taxes   $ 22,000