Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED)

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CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Condensed Statements Of Income And Comprehensive Income    
ROYALTY REVENUE $ 4,491,000 $ 4,064,000
COST OF REVENUE 1,314,000 1,225,000
GROSS PROFIT 3,177,000 2,839,000
OPERATING EXPENSES:    
General and administrative 598,000 662,000
Depreciation and Amortization 409,000 16,000
Non-cash compensation 27,000 112,000
TOTAL OPERATING EXPENSES 1,034,000 790,000
OPERATING INCOME 2,143,000 2,049,000
OTHER INCOME (EXPENSES):    
Interest income, net 9,000 6,000
INCOME BEFORE INCOME TAXES 2,152,000 2,055,000
INCOME TAXES (BENEFIT)    
Current 45,000 48,000
Deferred 711,000 615,000
Total Income Taxes (Benefits) 756,000 663,000
NET INCOME 1,396,000 1,392,000
Net Income per share    
Basic $ 0.05 $ 0.06
Diluted $ 0.05 $ 0.05
Weighted average number of common shares outstanding:    
Basic 25,775,573 25,013.484
Diluted 27,793,669 27,455,394
NET INCOME 1,396,000 1,392,000
OTHER COMPREHENSIVE INCOME NET OF TAX:    
Unrealized gain (loss) arising during the period (6,000) (5,000)
COMPREHENSIVE INCOME $ 1,390,000 $ 1,387,000