CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Income Statement [Abstract] | ||||
| REVENUE | $ 100,000 | $ 820,000 | ||
| OPERATING EXPENSES: | ||||
| Costs of revenue | 28,000 | 232,000 | ||
| Professional fees and related costs | 290,000 | 109,000 | 656,000 | 466,000 |
| General and administrative | 576,000 | 679,000 | 1,764,000 | 2,070,000 |
| Amortization of patents | 30,000 | 71,000 | 90,000 | 236,000 |
| TOTAL OPERATING EXPENSES | 896,000 | 859,000 | 2,538,000 | 3,004,000 |
| OPERATING LOSS | (896,000) | (859,000) | (2,438,000) | (2,184,000) |
| OTHER INCOME: | ||||
| Interest and dividend income, net | 524,000 | 406,000 | 1,407,000 | 1,161,000 |
| Net realized and unrealized gain on marketable securities | 293,000 | 131,000 | 395,000 | 420,000 |
| Total other income, net | 817,000 | 537,000 | 1,802,000 | 1,581,000 |
| LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | (79,000) | (322,000) | (636,000) | (603,000) |
| INCOME TAXES PROVISION: | ||||
| Current | (13,000) | (13,000) | ||
| Deferred taxes, net | (71,000) | (31,000) | (355,000) | (278,000) |
| Total income tax benefit | (71,000) | (44,000) | (355,000) | (229,000) |
| LOSS BEFORE SHARE OF NET LOSS OF EQUITY METHOD INVESTEE: | (8,000) | (278,000) | (281,000) | (312,000) |
| SHARE OF NET LOSS OF EQUITY METHOD INVESTEE | (308,000) | (532,000) | (1,613,000) | (1,597,000) |
| NET LOSS | $ (316,000) | $ (810,000) | $ (1,894,000) | $ (1,909,000) |
| Net loss per share | ||||
| Basic | $ (0.01) | $ (0.03) | $ (0.08) | $ (0.08) |
| Diluted | $ (0.01) | $ (0.03) | $ (0.08) | $ (0.08) |
| Weighted average common shares outstanding: | ||||
| Basic | 23,126,480 | 23,803,567 | 23,337,716 | 23,867,204 |
| Diluted | 23,126,480 | 23,803,567 | 23,337,716 | 23,867,204 |
| Cash dividends declared per share | $ 0.05 | $ 0.05 | $ 0.10 | $ 0.10 |
| NET LOSS | $ (316,000) | $ (810,000) | $ (1,894,000) | $ (1,909,000) |
| OTHER COMPREHENSIVE LOSS | ||||
| Net unrealized holding gain on corporate bonds and notes during the period, net of tax | 14,000 | 14,000 | ||
| COMPREHENSIVE LOSS | $ (316,000) | $ (796,000) | $ (1,894,000) | $ (1,895,000) |
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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://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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, nonoperating income (expense) and income (loss) from equity method investments, before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of interest income (expense). No definition available.
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- Definition This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. 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 Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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://www.xbrl.org/2003/role/exampleRef
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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/exampleRef
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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://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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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://www.xbrl.org/2003/role/disclosureRef
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