XML 8 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Infringement and patent income $ 2,225,000   $ 5,825,000  
Royalty and licensing fees 19,111 3,254 44,118 22,783
Total revenue 2,244,111 3,254 5,869,118 22,783
OPERATING EXPENSES 1,730,922 341,877 3,870,881 736,352
Income (loss) from operations 513,189 (338,623) 1,998,237 (713,569)
INTEREST AND MISCELLANOUS INCOME 23,749 4,235 27,413 8,253
INCOME (LOSS) BEFORE INCOME TAXES 536,938 (334,388) 2,025,650 (705,316)
INCOME TAX BENEFIT (EXPENSE) (286,500) 104,000 (870,000) 229,000
NET INCOME (LOSS) $ 250,438 $ (230,388) $ 1,155,650 $ (476,316)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 4,305,026 4,305,026 4,305,026 4,303,369
Diluted 4,308,493 4,305,026 4,309,578 4,303,369
INCOME (LOSS) PER COMMON SHARE:        
Basic $ 0.06 $ (0.05) $ 0.27 $ (0.11)
Diluted $ 0.06 $ (0.05) $ 0.27 $ (0.11)