Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 22,882,000 $ 1,717,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of Patents 760,000 1,239,000
Stock based compensation 233,000 243,000
Deferred tax provision 4,543,000 928,000
Impairment of investments 386,000
Changes in operating assets and liabilities:    
Royalty receivables 123,000 (451,000)
Other current assets 176,000 126,000
Accounts payable 323,000 (165,000)
Accrued expense 4,020,000 (1,082,000)
Income taxes payable 4,080,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 37,140,000 2,941,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of patents and other assets (4,000) (36,000)
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) (2,555,000)
Proceeds from exercise of options 60,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 15,000 (2,555,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 37,151,000 350,000
CASH AND CASH EQUIVALENTS, beginning of period 20,608,000 17,662,000
CASH AND CASH EQUIVALENTS, end of period 57,759,000 18,012,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
CASH PAID DURING THE PERIOD FOR: Interest
CASH PAID DURING THE PERIOD FOR: Taxes $ 50,000