Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)    
REVENUE $ 161,000 $ 606,000
OPERATING EXPENSES:    
Costs of revenue 32,000 146,000
Professional fees and related costs 399,000 307,000
General and administrative 486,000 488,000
Amortization of patents 72,000 54,000
Stock-based compensation 72,000 144,000
TOTAL OPERATING EXPENSES 1,061,000 1,139,000
OPERATING LOSS (900,000) (533,000)
OTHER INCOME (LOSS):    
Interest and dividend income, net 178,000 301,000
Net realized and unrealized gain (loss) on marketable securities (322,000) 23,000
Total other income (loss), net (144,000) 324,000
LOSS BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE (1,044,000) (209,000)
INCOME TAXES PROVISION (BENEFIT):    
Current
Deferred taxes, net (65,000)
Total income taxes provision (benefit) (65,000)
LOSS BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: (1,044,000) (144,000)
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (293,000) (96,000)
NET LOSS $ (1,337,000) $ (240,000)
Net Loss Per Share    
Basic $ (0.06) $ (0.01)
Diluted $ (0.06) $ (0.01)
Weighted average common shares outstanding:    
Basic 24,029,513 23,745,848
Diluted 24,029,513 23,745,848
Cash dividends declared per share $ 0.05 $ 0.05
NET LOSS $ (1,337,000) $ (240,000)
OTHER COMPREHENSIVE INCOME (LOSS):    
Net unrealized holding gain (loss) on corporate bonds and notes during the period, net of tax (163,000) 115,000
Amounts reclassified from accumulated other comprehensive income (loss) (20,000) (5,000)
Net other comprehensive income (loss) (183,000) 110,000
COMPREHENSIVE LOSS $ (1,520,000) $ (130,000)