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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
REVENUE $ 0 $ 55,000 $ 18,692,000 $ 216,000
OPERATING EXPENSES:        
Costs of revenue 20,000 5,420,000 52,000
Professional fees and related costs 308,000 124,000 663,000 523,000
General and administrative 461,000 459,000 974,000 945,000
Amortization of patents 73,000 72,000 147,000 144,000
Stock-based compensation 59,000 85,000 118,000 157,000
TOTAL OPERATING EXPENSES 901,000 760,000 7,322,000 1,821,000
OPERATING INCOME (LOSS) (901,000) (705,000) 11,370,000 (1,605,000)
 OTHER INCOME:        
Interest and dividend income, net 68,000 120,000 118,000 298,000
Net realized and unrealized gain (loss) on marketable securities 49,000 206,000 8,000 (116,000)
Total other income, net 117,000 326,000 126,000 182,000
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE (784,000) (379,000) 11,496,000 (1,423,000)
INCOME TAXES PROVISION (BENEFIT):        
Current (180,000) (142,000) 710,000 (382,000)
Deferred taxes, net (52,000) 142,000 1,672,000 382,000
Total income taxes provision (benefit) (232,000) 2,382,000
INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: (552,000) (379,000) 9,114,000 (1,423,000)
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (231,000) (205,000) (446,000) (498,000)
NET INCOME (LOSS) $ (783,000) $ (584,000) $ 8,668,000 $ (1,921,000)
Net Income (Loss) Per Share        
Basic $ (0.03) $ (0.02) $ 0.36 $ (0.08)
Diluted $ (0.03) $ (0.02) $ 0.35 $ (0.08)
Weighted average common shares outstanding:        
Basic 23,839,455 23,945,916 24,106,169 23,987,715
Diluted 23,839,455 23,945,916 24,878,257 23,987,715
Cash dividends declared per share $ 0.05 $ 0.05
NET INCOME (LOSS) $ (783,000) $ (584,000) $ 8,668,000 $ (1,921,000)
OTHER COMPREHENSIVE INCOME (LOSS)        
Net unrealized holding gain (loss) on corporate bonds and notes during the period, net of tax (3,000) 175,000 8,000 (8,000)
COMPREHENSIVE INCOME (LOSS) $ (786,000) $ (409,000) $ 8,676,000 $ (1,929,000)