Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
REVENUE $ 100,000 $ 2,601,000
OPERATING EXPENSES:    
Costs of revenue 28,000 874,000
Professional fees and related costs 959,000 807,000
General and administrative 2,614,000 2,889,000
Amortization of patents 120,000 266,000
TOTAL OPERATING EXPENSES 3,721,000 4,836,000
OPERATING LOSS (3,621,000) (2,235,000)
  OTHER INCOME    
Interest and dividend income, net 1,897,000 1,868,000
Net realized and unrealized gain on marketable securities 177,000 525,000
Total other income, net 2,074,000 2,393,000
(LOSS) INCOME BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (1,547,000) 158,000
INCOME TAXES PROVISION:    
Current 11,000
Deferred taxes, net (425,000) (399,000)
Total income taxes benefit (425,000) (388,000)
  (LOSS) INCOME BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: (1,122,000) 546,000
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (1,912,000) (2,003,000)
  NET LOSS $ (3,034,000) $ (1,457,000)
Net Loss Per Share:    
Basic $ (0.13) $ (0.06)
Diluted $ (0.13) $ (0.06)
Weighted average common shares outstanding:    
Basic 23,250,224 23,791,287
Diluted 23,250,224 23,791,287
  Cash dividends declared per share $ 0.10 $ 0.10
NET LOSS $ (3,034,000) $ (1,457,000)
  OTHER COMPREHENSIVE INCOME (LOSS)    
Net unrealized holding gain on corporate bonds and notes arising during the year, net of tax 14,000
COMPREHENSIVE LOSS $ (3,034,000) $ (1,443,000)