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
Mar. 31, 2019
Mar. 31, 2018
Condensed Consolidated Statements Of Operations And Comprehensive Income Loss    
REVENUE $ 606,000 $ 19,463,000
OPERATING EXPENSES:    
Costs of revenue 146,000 7,259,000
Professional fees and related costs 307,000 518,000
General and administrative 488,000 507,000
Amortization of patents 54,000 70,000
Stock-based compensation 144,000 226,000
TOTAL OPERATING EXPENSES 1,139,000 8,580,000
OPERATING INCOME(LOSS) (533,000) 10,883,000
OTHER INCOME:    
Interest income, net 301,000 143,000
Net realized and unrealized gain from investments 23,000
Total other income 324,000 143,000
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE (209,000) 11,026,000
INCOME TAXES (BENEFIT):    
Current 2,425,000
Deferred taxes, net (65,000)
Total income taxes (benefit) (65,000) 2,425,000
INCOME (LOSS) BEFORE EQUITY IN NET LOSS OF EQUITY METHOD INVESTEE: (144,000) 8,601,000
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (96,000)
NET INCOME (LOSS) $ (240,000) $ 8,601,000
Net Income (LOSS) Per Share    
Basic $ (0.01) $ 0.36
Diluted $ (0.01) $ 0.34
Weighted average common shares outstanding:    
Basic 23,745,848 23,807,014
Diluted 23,745,848 25,611,497
Cash dividends declared per share $ 0.05 $ 0.05
NET INCOME (LOSS) $ (240,000) $ 8,601,000
OTHER COMPREHENSIVE INOME (LOSS)    
Net unrealized holding gain (loss) on corporate bonds and notes arising during the period, net of tax 110,000 (25,000)
COMPREHENSIVE INCOME (LOSS) $ (130,000) $ 8,576,000