Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

v3.6.0.2
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Condensed Statements Of Income And Comprehensive Income    
REVENUE $ 65,088,000 $ 16,565,000
OPERATING EXPENSES:    
Costs of revenue 25,794,000 5,506,000
Professional fees and related costs 2,590,000 2,331,000
General and administrative 2,782,000 2,874,000
Amortization of patents 813,000 1,655,000
Stock-based compensation 509,000 272,000
Contingent patent cost 500,000
TOTAL OPERATING EXPENSES 32,988,000 12,638,000
OPERATING INCOME 32,100,000 3,927,000
OTHER INCOME:    
Interest income, net 61,000 58,000
INCOME BEFORE INCOME TAXES 32,161,000 3,985,000
INCOME TAXES:    
Current 4,187,000 93,000
Deferred taxes, net 4,751,000 (215,000)
Total income taxes (benefit) 8,938,000 (122,000)
NET INCOME $ 23,223,000 $ 4,107,000
Net Income Per Share    
Basic $ 1.00 $ 0.17
Diluted $ 0.93 $ 0.17
Weighted average common shares outstanding:    
Basic 23,320,065 23,501,987
Diluted 24,885,282 24,482,557
NET INCOME $ 23,223,000 $ 4,107,000
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:    
Unrealized holding gain (loss) on securities available-for-sale arising during the period 4,000 (18,000)
Total other comprehensive income (loss) 4,000 (18,000)
COMPREHENSIVE INCOME $ 23,227,000 $ 4,089,000