Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Statements Of Income And Comprehensive Income    
REVENUE $ 5,190,000 $ 5,627,000
OPERATING EXPENSES:    
Costs of revenue 1,486,000 1,689,000
Professional fees and related costs 452,000 446,000
General and administrative 403,000 659,000
Amortization of patents 414,000 413,000
Stock-based compensation 12,000 100,000
TOTAL OPERATING EXPENSES 2,767,000 3,307,000
OPERATING INCOME 2,423,000 2,320,000
OTHER INCOME:    
Interest income, net 10,000 21,000
INCOME BEFORE INCOME TAXES 2,433,000 2,341,000
INCOME TAXES:    
Current 51,000 55,000
Deferred taxes (benefit), net (1,438,000) 756,000
Total Income Taxes (Benefit) (1,387,000) 811,000
NET INCOME $ 3,820,000 $ 1,530,000
Net Income per share    
Basic $ 0.16 $ 0.06
Diluted $ 0.16 $ 0.06
Weighted average common shares outstanding:    
Basic 23,252,751 24,089,009
Diluted 24,266,573 25,500,903
NET INCOME $ 3,820,000 $ 1,530,000
OTHER COMPREHENSIVE INCOME:    
Unrealized holding gain on securities available - for - sale arising during period 27,000 20,000
COMPREHENSIVE INCOME $ 3,847,000 $ 1,550,000