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 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements Of Operations And Comprehensive Income Loss        
REVENUE $ 520,000 $ 1,798,000 $ 1,725,000 $ 21,732,000
OPERATING EXPENSES:        
Costs of revenue 138,000 596,000 459,000 7,988,000
Professional fees and related costs 267,000 352,000 812,000 1,456,000
General and administrative 466,000 491,000 1,442,000 1,460,000
Amortization of patents 71,000 70,000 212,000 209,000
Stock-based compensation 154,000 120,000 425,000 571,000
TOTAL OPERATING EXPENSES 1,096,000 1,629,000 3,350,000 11,684,000
OPERATING INCOME(LOSS) (576,000) 169,000 (1,625,000) 10,048,000
OTHER INCOME (LOSS):        
Interest and dividend income, net 270,000 244,000 872,000 590,000
Net realized and unrealized gain (loss) on marketable securities (39,000) 6,000
Total other income, net 231,000 244,000 878,000 590,000
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE (345,000) 413,000 (747,000) 10,638,000
INCOME TAXES PROVISION (BENEFIT):        
Current (197,000) 167,000 (197,000) 2,355,000
Deferred taxes, net 67,000 (36,000)
Total income taxes provision (benefit) (130,000) 167,000 (233,000) 2,355,000
INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: (215,000) 246,000 (514,000) 8,283,000
SHARE OF NET (LOSSES) OF EQUITY METHOD INVESTEE (196,000) (345,000)
NET INCOME (LOSS) $ (411,000) $ 246,000 $ (859,000) $ 8,283,000
Net Income (LOSS) Per Share        
Basic $ (0.02) $ 0.01 $ (0.04) $ 0.35
Diluted $ (0.02) $ 0.01 $ (0.04) $ 0.33
Weighted average common shares outstanding:        
Basic 24,138,191 23,525,645 23,935,304 23,767,700
Diluted 24,138,191 24,922,434 23,935,304 25,457,953
Cash dividends declared per share $ 0.05 $ 0.05 $ 0.10 $ 0.10
NET INCOME (LOSS) $ (411,000) $ 246,000 $ (859,000) $ 8,283,000
OTHER COMPREHENSIVE INOME (LOSS)        
Net unrealized holding gain (loss) on corporate bonds and notes arising during the period, net of tax 20,000 (5,000) 183,000 (39,000)
COMPREHENSIVE INCOME (LOSS) $ (391,000) $ 241,000 $ (676,000) $ 8,244,000