Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
REVENUE $ 18,692,000
OPERATING EXPENSES:    
Costs of revenue 5,420,000
Professional fees and related costs 250,000 355,000
General and administrative 517,000 513,000
Amortization of patents 75,000 74,000
Stock-based compensation 55,000 59,000
TOTAL OPERATING EXPENSES 897,000 6,421,000
OPERATING (LOSS) INCOME (897,000) 12,271,000
OTHER (LOSS) INCOME:    
Interest and dividend income, net 80,000 50,000
Net realized and unrealized loss on marketable securities (514,000) (46,000)
Total other (loss) income, net (434,000) 4,000
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE (1,331,000) 12,275,000
INCOME TAX PROVISION:    
Current 890,000
Deferred taxes, net (452,000) 1,724,000
Total income tax (benefit) expense (452,000) 2,614,000
(LOSS) INCOME BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (879,000) 9,661,000
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (433,000) (210,000)
NET (LOSS) INCOME $ (1,312,000) $ 9,451,000
Net (loss) income per share:    
Basic $ (0.05) $ 0.39
Diluted $ (0.05) $ 0.38
Weighted average common shares outstanding:    
Basic 23,909,115 24,107,879
Diluted 23,909,115 24,616,379
Cash dividends declared per share $ 0.05 $ 0.05
NET (LOSS) INCOME $ (1,312,000) $ 9,451,000
OTHER COMPREHENSIVE (LOSS) INCOME    
Net unrealized holding (loss) gain on corporate bonds and notes during the period, net of tax (3,000) 11,000
COMPREHENSIVE (LOSS) INCOME $ (1,315,000) $ 9,462,000