Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
REVENUE $ 36,029,000 $ 4,403,000
OPERATING EXPENSES:    
Costs of revenue 12,147,000 1,653,000
Professional fees and related costs 1,500,000 2,407,000
General and administrative 2,263,000 2,162,000
Amortization of patents 295,000 292,000
Stock-based compensation 238,000 302,000
TOTAL OPERATING EXPENSES 16,443,000 6,816,000
OPERATING INCOME (LOSS) 19,586,000 (2,413,000)
  OTHER INCOME    
Interest and dividend income, net 327,000 522,000
Net realized and unrealized gain (loss) on marketable securities (173,000) 15,000
Total other income, net 154,000 537,000
INCOME (LOSS) BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE 19,740,000 (1,876,000)
INCOME TAXES PROVISION (BENEFIT):    
Current 2,952,000 (464,000)
Deferred taxes, net 1,508,000 (490,000)
Total income taxes (benefit) 4,460,000 (954,000)
  INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: 15,280,000 (922,000)
  SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (999,000) (787,000)
NET INCOME (LOSS) $ 14,281,000 $ (1,709,000)
Net Income (Loss) Per Share:    
Basic $ 0.59 $ (0.07)
Diluted $ 0.58 $ (0.07)
Weighted average common shares outstanding:    
Basic 24,136,821 24,011,354
Diluted 24,530,568 24,011,354
Cash dividends declared per share $ 0.10 $ 0.10
OTHER COMPREHENSIVE LOSS    
Net unrealized holding loss on corporate bonds and notes arising during the year, net of tax $ (2,000) $ (89,000)
COMPREHENSIVE INCOME (LOSS) $ 14,279,000 $ (1,798,000)