CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) | ||||
| REVENUE | $ 4,150,000 | $ 520,000 | $ 4,366,000 | $ 1,725,000 |
| OPERATING EXPENSES: | ||||
| Costs of revenue | 1,593,000 | 138,000 | 1,645,000 | 459,000 |
| Professional fees and related costs | 267,000 | 267,000 | 790,000 | 812,000 |
| General and administrative | 473,000 | 466,000 | 1,418,000 | 1,442,000 |
| Amortization of patents | 72,000 | 71,000 | 216,000 | 212,000 |
| Stock-based compensation | 85,000 | 154,000 | 242,000 | 425,000 |
| TOTAL OPERATING EXPENSES | 2,490,000 | 1,096,000 | 4,311,000 | 3,350,000 |
| OPERATING INCOME (LOSS) | 1,660,000 | (576,000) | 55,000 | (1,625,000) |
| OTHER INCOME (LOSS): | ||||
| Interest and dividend income, net | 105,000 | 270,000 | 403,000 | 872,000 |
| Net realized and unrealized gain (loss) on marketable securities | 68,000 | (39,000) | (48,000) | 6,000 |
| Total other income, net | 173,000 | 231,000 | 355,000 | 878,000 |
| INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE | 1,833,000 | (345,000) | 410,000 | (747,000) |
| INCOME TAXES PROVISION (BENEFIT): | ||||
| Current | 355,000 | (197,000) | (79,000) | (197,000) |
| Deferred taxes, net | (355,000) | 67,000 | 79,000 | (36,000) |
| Total income taxes (benefit) | 0 | (130,000) | 0 | (233,000) |
| INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: | 1,833,000 | (215,000) | 410,000 | (514,000) |
| SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | (146,000) | (196,000) | (644,000) | (345,000) |
| NET INCOME (LOSS) | $ 1,687,000 | $ (411,000) | $ (234,000) | $ (859,000) |
| Net Income (loss) per share | ||||
| EPS, Basic | $ 0.07 | $ (0.02) | $ (0.01) | $ (0.04) |
| EPS, Diluted | $ 0.07 | $ (0.02) | $ (0.01) | $ (0.04) |
| Weighted average common shares outstanding: | ||||
| Basic | 24,012,333 | 24,138,191 | 23,992,203 | 23,935,304 |
| Diluted | 24,521,708 | 24,138,191 | 23,992,203 | 23,935,304 |
| Cash dividends declared per share | $ 0.05 | $ 0.05 | $ 0.10 | $ 0.10 |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Net unrealized holding gain (loss) on corporate bonds and notes arising during the period, net of tax | $ (67,000) | $ 20,000 | $ (75,000) | $ 183,000 |
| COMPREHENSIVE INCOME (LOSS) | $ 1,620,000 | $ (391,000) | $ (309,000) | $ (676,000) |
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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