Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 14,112,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 17,662,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Marketable securities, available for sale 1,099,000us-gaap_MarketableSecuritiesCurrent 1,079,000us-gaap_MarketableSecuritiesCurrent
Royalty receivables 5,602,000us-gaap_AccountsReceivableNetCurrent 1,249,000us-gaap_AccountsReceivableNetCurrent
Other current assets 180,000us-gaap_OtherAssetsCurrent 242,000us-gaap_OtherAssetsCurrent
Total Current Assets 20,993,000us-gaap_AssetsCurrent 20,232,000us-gaap_AssetsCurrent
OTHER ASSETS:    
Deferred tax assets 3,987,000us-gaap_DeferredTaxAssetsNetNoncurrent 4,743,000us-gaap_DeferredTaxAssetsNetNoncurrent
Patent, net of accumulated amortization 3,199,000us-gaap_FiniteLivedPatentsGross 3,582,000us-gaap_FiniteLivedPatentsGross
Other investments, at cost 576,000us-gaap_OtherInvestments 576,000us-gaap_OtherInvestments
Security deposits 19,000us-gaap_SecurityDeposit 19,000us-gaap_SecurityDeposit
Total Other Assets 7,781,000us-gaap_OtherAssets 8,920,000us-gaap_OtherAssets
TOTAL ASSETS 28,774,000us-gaap_Assets 29,152,000us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 230,000us-gaap_AccountsPayableCurrent 338,000us-gaap_AccountsPayableCurrent
Accrued expenses 1,837,000us-gaap_AccruedLiabilitiesCurrent 1,873,000us-gaap_AccruedLiabilitiesCurrent
TOTAL LIABILITIES 2,067,000us-gaap_Liabilities 2,211,000us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; none issued and outstanding at March 31, 2015 and December 31, 2014      
Common stock, $0.01 par value; authorized 50,000,000 shares; 23,445,736 and 24,274,336 shares issued and outstanding at March 31,2015 and December 31, 2014, respectively 234,000us-gaap_CommonStockValue 243,000us-gaap_CommonStockValue
Additional paid-in capital 61,075,000us-gaap_AdditionalPaidInCapitalCommonStock 60,977,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (34,605,000)us-gaap_RetainedEarningsAccumulatedDeficit (34,262,000)us-gaap_RetainedEarningsAccumulatedDeficit
Other comprehensive income (loss) 3,000us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (17,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
TOTAL STOCKHOLDERS' EQUITY 26,707,000us-gaap_StockholdersEquity 26,941,000us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,774,000us-gaap_LiabilitiesAndStockholdersEquity $ 29,152,000us-gaap_LiabilitiesAndStockholdersEquity