Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Statements Of Income And Comprehensive Income        
REVENUE $ 20,447,000 $ 1,747,000 $ 25,637,000 $ 7,374,000
OPERATING EXPENSES:        
Costs of revenue 5,754,000 478,000 7,240,000 2,167,000
Professional fees and related costs 372,000 327,000 825,000 773,000
General and administrative 426,000 792,000 828,000 1,451,000
Amortization of patents 297,000 413,000 711,000 826,000
Stock-based compensation 32,000 74,000 44,000 174,000
Contingent patent cost 500,000 500,000
TOTAL OPERATING EXPENSES 7,381,000 2,084,000 10,148,000 5,391,000
OPERATING INCOME (LOSS) 13,066,000 (337,000) 15,489,000 1,983,000
OTHER INCOME:        
Interest income, net 16,000 12,000 26,000 33,000
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) 13,082,000 (325,000) 15,515,000 2,016,000
INCOME TAXES (BENEFIT):        
Current 330,000 (15,000) 381,000 40,000
Deferred taxes (benefit), net 4,522,000 (90,000) 3,084,000 666,000
Total income taxes (benefit) 4,852,000 (105,000) 3,465,000 706,000
NET INCOME (LOSS) $ 8,230,000 $ (220,000) $ 12,050,000 $ 1,310,000
Net Income (Loss) Per Share        
Basic $ 0.35 $ (0.01) $ 0.52 $ 0.06
Diluted $ 0.33 $ (0.01) $ 0.49 $ 0.05
Weighted average common shares outstanding:        
Basic 23,300,638 23,439,468 23,276,295 23,761,420
Diluted 24,637,316 23,439,468 24,451,944 25,006,281
NET INCOME (LOSS) $ 8,230,000 $ (220,000) $ 12,050,000 $ 1,310,000
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized holding gain (loss) on securities available-for-sale arising during the period 16,000 (32,000) 43,000 (12,000)
COMPREHENSIVE INCOME (LOSS) $ 8,246,000 $ (252,000) $ 12,093,000 $ 1,298,000