Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,717,000 $ 2,961,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of Patents 1,239,000 1,226,000
Stock based compensation 243,000 207,000
Deferred tax provision 928,000 $ 1,531,000
Impairment of other investments 386,000
Changes in operating assets and liabilities:    
Royalty receivables (451,000) $ (505,000)
Other current assets 126,000 120,000
Accounts payable (165,000) (48,000)
Accrued expense (1,082,000) (66,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,941,000 5,426,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of patents and other assets $ (36,000) (78,000)
Acquisitions of other investments, at cost (285,000)
NET CASH USED IN INVESTING ACTIVITIES $ (36,000) (363,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares delivered to fund withholding taxes on exercise of options (1,064,000)
Repurchases of common stock, net of commissions $ (2,555,000) (3,259,000)
Repurchase of warrants (505,000)
Proceeds from exercise of options and warrants 20,000
NET CASH USED IN FINANCING ACTIVITIES $ (2,555,000) (4,808,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 350,000 255,000
CASH AND CASH EQUIVALENTS, beginning of period 17,662,000 18,938,000
CASH AND CASH EQUIVALENTS, end of period $ 18,012,000 $ 19,193,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest
Cash paid for taxes $ 50,000 $ 26,000