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, 2023
Dec. 31, 2022
Income Statement [Abstract]    
REVENUE $ 2,601,000
OPERATING EXPENSES:    
Costs of revenue 874,000
Professional fees and related costs 807,000 809,000
General and administrative 2,889,000 2,778,000
Amortization of patents 266,000 316,000
TOTAL OPERATING EXPENSES 4,836,000 3,903,000
OPERATING LOSS (2,235,000) (3,903,000)
OTHER INCOME    
Interest and dividend income, net 1,868,000 1,020,000
Gain on conversion of note 271,000
Gain on equity method investment 3,883,000
Net realized and unrealized gain (loss) on marketable securities 525,000 (1,351,000)
Total other income, net 2,393,000 3,823,000
INCOME (LOSS) BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE 158,000 (80,000)
INCOME TAXES PROVISION:    
Current 11,000
Deferred taxes, net (399,000) 607,000
Total income taxes (benefit) expense (388,000) 607,000
INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: 546,000 (687,000)
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (2,003,000) (1,639,000)
NET LOSS $ (1,457,000) $ (2,326,000)
Basic $ (0.06) $ (0.10)
Diluted $ (0.06) $ (0.10)
Weighted average common shares outstanding:    
Basic 23,791,287 23,825,917
Diluted 23,791,287 23,825,917
Cash dividends declared per share $ 0.10 $ 0.10
OTHER COMPREHENSIVE INCOME (LOSS)    
Net unrealized holding gain (loss) on corporate bonds and notes arising during the year, net of tax $ 14,000 $ (2,000)
COMPREHENSIVE LOSS $ (1,443,000) $ (2,328,000)