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 ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 4,460,000 $ 22,882,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of Patents 150,000 760,000
Stock -based compensation 711,000 233,000
Deferred tax provision 39,000 4,543,000
Changes in operating assets and liabilities:    
Royalty receivables (691,000) 123,000
Prepaid Taxes 895,000
Other current assets 65,000 176,000
Accounts payable (101,000) 323,000
Accrued expense (2,521,000) 4,020,000
Income taxes payable 930,000 4,080,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,937,000 37,140,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of patents (50,000) (4,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (2,421,000)
Value of shares delivered to fund withholding taxes on exercise of options (56,000) (44,000)
Repurchases of common stock, net of commissions (1,131,000) (1,000)
Proceeds from exercises of options and warrants 1,068,000 60,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (2,540,000) 15,000
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,347,000 37,151,000
CASH AND CASH EQUIVALENTS, beginning of period 50,918,000 20,608,000
CASH AND CASH EQUIVALENTS, end of period 52,265,000 57,759,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
CASH PAID DURING THE PERIOD FOR: Interest
CASH PAID DURING THE PERIOD FOR: Taxes 440,000
NON-CASH FINANCING ACTIVITY    
Accrued dividend rights on restricted stock units $ 84,000