Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Consolidated Statements Of Income And Comprehensive Income    
REVENUE $ 16,451,000 $ 65,088,000
OPERATING EXPENSES:    
Costs of revenue 4,970,000 25,794,000
Professional fees and related costs 2,057,000 2,590,000
General and administrative 2,255,000 2,782,000
Amortization of patents 206,000 813,000
Stock-based compensation 949,000 509,000
Contingent patent cost 500,000
TOTAL OPERATING EXPENSES 10,437,000 32,988,000
OPERATING INCOME 6,014,000 32,100,000
OTHER INCOME:    
Interest income, net 215,000 61,000
INCOME BEFORE INCOME TAXES 6,229,000 32,161,000
INCOME TAXES:    
Current 2,057,000 4,187,000
Deferred taxes, net 39,000 4,751,000
Total income taxes 2,096,000 8,938,000
NET INCOME $ 4,133,000 $ 23,223,000
Net Income Per Share    
Basic $ 0.17 $ 1
Diluted $ 0.16 $ 0.93
Weighted average common shares outstanding:    
Basic 24,147,908 23,320,065
Diluted 26,396,160 24,885,282
Cash dividends declared per share $ 0.10
NET INCOME $ 4,133,000 $ 23,223,000
OTHER COMPREHENSIVE INCOME:    
Unrealized holding gain (loss) on securities available-for-sale arising during the year (11,000) 4,000
Total other comprehensive income (loss) (11,000) 4,000
COMPREHENSIVE INCOME $ 4,122,000 $ 23,227,000