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 ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 12,050,000 $ 1,310,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of Patents 711,000 826,000
Stock based compensation 44,000 174,000
Deferred tax provision 3,084,000 666,000
Impairment of investments 386,000
Changes in operating assets and liabilities:    
Royalty receivables (1,438,000) (592,000)
Other current assets 158,000 76,000
Accounts payable 8,000 (102,000)
Accrued expense 132,000 (1,223,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,749,000 1,521,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of patents and other assets (3,000) (35,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Value of shares delivered to fund withholding taxes on exercise of options (44,000)
Repurchases of common stock, net of commissions (1,000) (2,397,000)
Proceeds from exercise of options 60,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 15,000 (2,397,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 14,761,000 (911,000)
CASH AND CASH EQUIVALENTS, beginning of period 20,608,000 17,662,000
CASH AND CASH EQUIVALENTS, end of period $ 35,369,000 $ 16,751,000