10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

(Mark One)

      (X)QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

      (   )TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________to____________

Commission file number 000-22904

PARKERVISION, INC.

(Exact name of registrant as specified in its charter)

Florida	59-2971472
(State or other jurisdiction of	(I.R.S. Employer Identification No)
incorporation or organization)

7915 Baymeadows Way, Suite 400

Jacksonville, Florida 32256 

(Address of principal executive offices)

(904) 732-6100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes X No __.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such file).    Yes XNo __.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.   See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer __	Accelerated filer X
Non-accelerated filer __ (Do not check if asmaller reporting company)	Smaller reporting company __

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes __No X.

As of November 4, 2015,  98,882,362 shares of the issuer’s common stock, $.01 par value, were outstanding.

TABLE OF CONTENTS

PART I -  FINANCIAL INFORMATION
Item 1.    Financial Statements (Unaudited)	3
Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.    Quantitative and Qualitative Disclosures About Market Risk	16
Item 4.    Controls and Procedures	16
PART II - OTHER INFORMATION
Item 1.    Legal Proceedings	17
Item 1A. Risk Factors	17
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.    Defaults Upon Senior Securities	17
Item 4.    Mine Safety Disclosures	17
Item 5.    Other Information	17
Item 6.    Exhibits	17
SIGNATURES	19
EXHIBIT INDEX	20

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PART I - FINANCIAL INFORMATION

ITEM 1.  Financial Statements

PARKERVISION, INC.

BALANCE SHEETS

(UNAUDITED)

	September 30,			December 31,
	2015			2014
CURRENT ASSETS:
Cash and cash equivalents	$	305,650	$	218,925
Available-for-sale securities		1,413,450		10,985,000
Accounts receivable, net		5,475		0
Inventories		142,146		66,468
Prepaid expenses and other		482,474		812,577
Total current assets		2,349,195		12,082,970
PROPERTY AND EQUIPMENT, net		640,522		633,084
INTANGIBLE ASSETS, net		7,709,929		8,002,638
Total assets	$	10,699,646	$	20,718,692
CURRENT LIABILITIES:
Accounts payable	$	2,057,886	$	475,200
Accrued expenses:
Salaries and wages		290,427		394,964
Professional fees		450,669		940,581
Other accrued expenses		211,694		59,277
Capital leases, current portion		99,427		40,337
Deferred rent, current portion		69,481		54,426
Deferred revenue		22,492		0
Total current liabilities		3,202,076		1,964,785
LONG-TERM LIABILITIES
Capital leases, net of current portion		710		10,244
Deferred rent, net of current portion		71,186		127,964
Total long-term liabilities		71,896		138,208
Total liabilities		3,273,972		2,102,993
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock, $.01 par value, 150,000,000 shares authorized, 99,880,279  and 97,183,433 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively		988,803		971,834
Accumulated other comprehensive loss		(2,911)		0
Warrants outstanding		1,655,778		355,778
Additional paid-in capital		332,117,559		330,867,750
Accumulated deficit		(327,333,555)		(313,579,663)
Total shareholders' equity		7,425,674		18,615,699
Total liabilities and shareholders' equity	$	10,699,646	$	20,718,692

The accompanying notes are an integral part of these unaudited financial statements.

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PARKERVISION, INC.

STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015			2014		2015		2014
Product and services revenue	$	5,483	$	0	$	5,483	$	0
Cost of sales		5,046		0		5,046		0
Gross margin		437		0		437		0
Research and development expenses		1,094,076		1,945,365		4,545,867		6,450,539
Marketing and selling expenses		308,535		727,833		1,184,848		2,173,174
General and administrative expenses		1,725,252		3,758,950		8,018,569		9,478,073
Total operating expenses		3,127,863		6,432,148		13,749,284		18,101,786
Interest and other income		(1,145)		24,925		12,222		85,175
Interest expense		(6,945)		(1,905)		(17,267)		(5,439)
Total interest and other income and interest expense		(8,090)		23,020		(5,045)		79,736
Net loss		(3,135,516)		(6,409,128)		(13,753,892)		(18,022,050)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on available-for-sale securities		8,797		0		(2,911)		8,215
Other comprehensive income (loss), net of tax		8,797		0		(2,911)		8,215
Comprehensive loss	$	(3,126,719)	$	(6,409,128)	$	(13,756,803)	$	(18,013,835)
Basic and diluted net loss per common share	$	(0.03)	$	(0.07)	$	(0.14)	$	(0.19)
Weighted average common shares outstanding		98,667,367		97,017,009		97,922,109		95,918,402

The accompanying notes are an integral part of these unaudited financial statements.

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PARKERVISION, INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2015		2014		2015		2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(3,135,516)	$	(6,409,128)	$	(13,753,892)	$	(18,022,050)
Adjustments to reconcile net loss to net cash used in
operating activities:
Depreciation and amortization		327,551		318,470		976,952		943,857
Share-based compensation		115,201		690,168		985,466		3,961,342
(Gain) loss on disposal of assets		(1,000)		0		(4,200)		887
Realized loss on available-for-sale securities		5,891		0		12,951		6,869
Changes in operating assets and liabilities:
Accounts receivable, net		14,925		0		(5,475)		0
Inventories		0		0		(19,735)		0
Prepaid expenses and other assets		110,948		(120,384)		580,103		(57,465)
Accounts payable and accrued expenses		433,721		1,069,742		1,173,966		103,534
Deferred rent		(13,907)		(11,902)		(41,723)		49,673
Deferred revenue		2,492		0		22,492		0
Total adjustments		995,822		1,946,094		3,680,797		5,008,697
Net cash used in operating activities		(2,139,694)		(4,463,034)		(10,073,095)		(13,013,353)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of available-for-sale investments		(3,890)		(24,925)		(949,312)		(11,586,399)
Proceeds from sale of investments		2,350,000		4,755,000		10,505,000		11,960,000
Proceeds from sale of assets		1,000		0		4,200		0
Payments for patent costs and other intangible assets		(76,446)		(91,496)		(542,803)		(505,906)
Purchases of property and equipment		(3,648)		(224,000)		(51,271)		(264,640)
Net cash provided by (used in) investing activities		2,267,016		4,414,579		8,965,814		(396,945)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock and warrants in
public and private offerings		0		0		1,298,000		11,946,365
Net proceeds from exercise of options and warrants		0		0		0		1,655,550
Principal payments on capital lease obligations		(45,515)		(14,436)		(103,994)		(34,872)
Net cash (used in) provided by financing activities		(45,515)		(14,436)		1,194,006		13,567,043
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS		81,807		(62,891)		86,725		156,745
CASH AND CASH EQUIVALENTS, beginning of period		223,843		442,333		218,925		222,697
CASH AND CASH EQUIVALENTS, end of period	$	305,650	$	379,442	$	305,650	$	379,442

The accompanying notes are an integral part of these unaudited financial statements.

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PARKERVISION, INC.

CONDENSED NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

1.  Description of Business

ParkerVision, Inc. (“we”, the “Company”, or “ParkerVision”) is in the business of innovating fundamental wireless technologies.   We design, develop and market our proprietary radio frequency (“RF”) technologies and products for use in semiconductor circuits for wireless communication products.  In addition, we offer engineering consulting and design services, for a negotiated fee, to assist customers in developing prototypes and/or products incorporating wireless technologies.

We believe certain patents protecting our proprietary technologies have been broadly infringed by others and therefore our business plan includesenforcement of our intellectual property rights through patent infringement litigation and licensing efforts.

2.  Liquidity and Going Concern

Our financial statements were prepared assuming we would continue as a going concern, which contemplates that we will continue in operation for the foreseeable future and will be able to realize assets and settle liabilities and commitments in the normal course of business.  These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that could result should we be unable to continue as a going concern.

In June 2015, we implemented a reduction in staff which resulted in a reduction in our recurring payroll costs of approximately 40% (see Note 12).  Also in June 2015, we entered into a fully contingent funding arrangement for our ongoing patent infringement litigation against Qualcomm, HTC and Samsung in district court.  Despite these cost reduction measures, revenues generated from patent enforcement actions, technology licenses and/or the sale of products and services in 2015 will not be sufficient to cover our operational expenses for 2015. 

Our capital resources at September 30, 2015 include cash, cash equivalents, and available-for-sale securities of approximately $1.7 million.  These capital resources are not sufficient to support our liquidity requirements through 2015.  At September 30, 2015, our current liabilities exceed our current assets by approximately $0.85 million.  These circumstances raise substantial doubt about our ability to continue as a going concern. 

We may secure additional working capital through public or private debt or equity financing arrangements, although no such arrangements are in place at this time.   Failure to obtain additional funding from debt or equity financing arrangements may require us to further reduce our operating costs which could have a material adverse effect on our ability to meet our business objectives.  Failure to obtain additional funding and/or further reduce operating costs could have a material adverse effect on our ability to meet both short-term and longer-term liquidity needs.  In addition, the incurrence of debt may result in the imposition of operational limitations and other covenant and payment obligations which may be burdensome to us.

Our future business plans call for continued investment in patent enforcement activities to protect our intellectual property rights.   We believe these efforts will be largely, if not entirely, funded under contingent-based funding arrangements where the funding party is repaid from proceeds resulting from our patent licensing and enforcement activities.  In December 2014, we entered into a funding agreement

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with 1624 PV, LLC (“1624”) whereby 1624 committed to fund up to $7 million for legal fees and expenses for specified future patent infringement litigation.   To the extent that we draw down committed funds under this agreement, we will be obligated to reimburse and compensate 1624 from the proceeds resulting from the specified actions as well as proceeds from other ongoing and/or future patent-related activities.   To date, we have not drawn any funds under this agreement, and therefore have no contingent obligation to 1624.  We expect to continue to evaluate this and other litigation funding arrangements to support our future business plans.

Our future business plans also call for continued investment in product development and sales, marketing, and customer support for our technologies and products.  Our ability to generate revenues sufficient to offset costs is subject to successfully enforcing our intellectual property rights and securing new product and licensing customers for our technologies.   The long-term continuation of our business plan is dependent upon the generation of sufficient revenues from our technologies and/or products to offset expenses. 

3.  Basis of Presentation

The accompanying unaudited financial statements for the period ended September 30, 2015 were prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Operating results for the three and ninemonths ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015 or future years.  All normal and recurring adjustments which, in the opinion of management, are necessary for a fair statement of the financial condition and results of operations have been included.  Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

The year-end balance sheet data was derived from audited financial statements for the year ended December 31, 2014, but does not include all disclosures required by accounting principles generally accepted in the United States of America.  These interim financial statements should be read in conjunction with our latest Annual Report on Form 10-K for the year ended December 31, 2014. 

4.   Accounting Policies

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” ASU 2015-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, firstout (“LIFO”) method by prescribing inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption is permitted. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows.

In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”),  to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures.  ASU 2014-15 is effective for interim and annual periods beginning after December 15, 2016 and earlier adoption is permitted.  We are currently assessing the impact of this update on future discussions of our liquidity position in our financial statements and have not early adopted ASU 2014-15.

There have been no other changes in accounting policies from those stated in the Annual Report on Form 10-K for the year ended December 31, 2014.

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5.   Loss per Common Share

Basic loss per common share is determined based on the weighted-average number of common shares outstanding during each period.  Diluted loss per common share is the same as basic loss per common share as all common share equivalents are excluded from the calculation, as their effect is anti-dilutive.

Options and warrants to purchase 13,086,687 and 7,765,232 shares of common stock were outstanding at September 30, 2015 and 2014, respectively.  In addition, unvested restricted stock units (“RSUs”), representing 758,334 and 2,309,901 shares of common stock, were outstanding at September 30, 2015 and 2014, respectively.   These options, warrants and RSUs were excluded from the computation of diluted loss per common share as their effect would have been anti-dilutive.

6. Inventories

Inventories consisted of the following:

		September 30, 2015		December 31, 2014
Work-in-process	$	98,396	$	66,468
Finished goods		43,750		0
Total inventories	$	142,146	$	66,468

7.   Intangible Assets

Intangible assets consist of the following:

	September 30, 2015
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	20,159,280	$	12,449,351	$	7,709,929
Prepaid licensing fees		574,000		574,000		0
	$	20,733,280	$	13,023,351	$	7,709,929

		December 31, 2014
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	19,616,477	$	11,613,839	$	8,002,638
Prepaid licensing fees		574,000		574,000		0
	$	20,190,477	$	12,187,839	$	8,002,638

8.  Share-Based Compensation

There has been no material change in the assumptions used to compute the fair value of our equity awards, nor in the method used to account for share-based compensation from those stated in our Annual Report on Form 10-K for the year ended December 31, 2014. 

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The following table presents share-based compensation expense included in our statements of comprehensive loss for the three and ninemonth periods ended September 30, 2015 and 2014, respectively:

	Three months ended					Nine months ended
	September 30,					September 30,
		2015		2014		2015		2014
Research and development expense	$	82,670	$	199,165	$	204,928	$	932,649
Sales and marketing expense		18,423		42,528		47,934		186,280
General and administrative expense		94,923		448,475		830,414		2,842,413
Total share-based expense	$	196,016	$	690,168	$	1,083,276	$	3,961,342

For the three and ninemonth periods ended September 30, 2015, total share based compensation expense includes $80,816 and $97,811, respectively, representing the fair value of shares withheld for payment of payroll taxes on the distribution of employee share-based compensation awards. 

General and administrative share-based compensation expense includes expense recognized upon vesting of RSUs awarded to consultants of approximately  $29,000 and $50,000 for the three months ended September 30, 2015 and 2014, respectively, and approximately $221,000 and $683,000, for the nine months ended September 30, 2015 and 2014, respectively.  As of September 30, 2015, we have an aggregate of 750,000 performance-based RSUs awarded to consultants that remain unvested.  The performance-based RSUs, awarded in November 2013, vest only upon achievement of certain market conditions, as measured based on the closing price of our common stock during a period ending on the earlier of (i) December 31, 2015 or (ii) thirty days following termination of the related consulting agreements.  Achievement of the specified market conditions is not considered probable as of September 30, 2015 and, therefore no share-based compensation expense has been recorded for these awards.  Upon thirty days’ notice, the consulting agreements may be terminated and any unvested portion of the performance-based RSUs will be cancelled.   

As of September 30, 2015, we had approximately $0.2million in unrecognized compensation cost, net of estimated forfeitures, related to unvested share-based compensation awards.  This cost is expected to be recognized over a weighted average period of approximately  one year. 

9.   Stock Authorization and Issuance

On January 15, 2015, we consummated the sale of three warrants, each for the purchase of up to 1,884,058 shares of our common stock at exercise prices of $1.50,  $2.50 and $3.50, respectively, to 1624 PV, LLC (“1624”) for an aggregate purchase price of approximately $1.3 million.  The warrants are exercisable through January 15, 2018.  On January 26, 2015, we issued 250,000 shares of unregistered common stock to our securities counsel, Graubard Miller, in exchange for a $250,000 prepaid retainer for legal services.  The common stock issuable upon exercise of the warrants issued to 1624 and the shares of common stock issued to Graubard Miller were registered on Form S-3 (File No. 333-202802) which was declared effective on May 4, 2015. 

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10. Fair Value Measurements

We have determined the estimated fair value amounts of our financial instruments using available market information.  Our assets that are measured at fair value on a recurring basis include the following as of September 30, 2015 and December 31, 2014:

			Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs      (Level 3)
September 30, 2015:
Available-for-sale securities:
Municipal bond mutual funds	$	1,413,450	$	1,413,450	$	0	$	0

				Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs        (Level 3)
December 31, 2014:
Available-for-sale securities:
Municipal bond mutual funds	$	10,985,000	$	10,985,000	$	0	$	0

11.  Commitments and Contingencies

Legal Proceedings

From time to time, we are subject to legal proceedings and claims which arise in the ordinary course of our business.   We believe, based on advice from our outside legal counsel, that the final disposition of such matters will not have a material adverse impact on our financial position, results of operation or liquidity.   In addition, we are subject to the following legal proceedings:

ParkerVision vs. Qualcomm, Inc.

In October 2013, a jury in the United States District Court of the Middle District of Florida awarded us $172.7 million in damages in a patent infringement action filed against Qualcomm Incorporated (“Qualcomm”) in July 2011 (the “Qualcomm I Action.”).  The jury also found that Qualcomm did not prove its claims of invalidity for any of the eleven claims of the four patents in the case.  On June 20, 2014, a final district court ruling was issued in which the court denied Qualcomm’s motion to overturn the jury’s verdict regarding patent validity but granted Qualcomm’s motion to overturn the jury’s verdict of infringement.   We appealed this decision to the U.S. Court of Appeals for the Federal Circuit.  Qualcomm filed a counter-appeal on the issues of validity and damages.   On July 31, 2015, the appellate court issued its opinion, upholding the district court’s determination of non-infringement.  In addition, the appellate court overturned the district court’s decision on validity, ruling that ten of the eleven patent claims in the case were invalid.  On September 14, 2015, we filed a petition for a rehearing on the

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infringement decision with respect to the one claim that was not invalidated by the court (“Claim 27 of the ‘518 Patent”).  On October 2, 2015, our petition for rehearing was denied.We are currently evaluating our options for filing an appeal with the Supreme Court.

ParkerVision vs. Qualcomm, HTC, and Samsung

In August 2014, we served a complaint in the United States District Court of the Middle District of Florida against Qualcomm, Qualcomm Atheros, Inc., HTC Corporation, HTC America, Inc., Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., and Samsung Telecommunications America, LLC (collectively “Defendants”) seeking unspecified damages and injunctive relief for infringement of eleven of our patents related to RF up-conversion, down-conversion, systems for control of multi-mode, multi-band communications, baseband innovations including control and system calibration, and wireless protocol conversion (the “Qualcomm II Action”) .  In November 2014, certain of the Defendants filed counterclaims of non-infringement and invalidity for all patents in the case.  A claim construction hearing was held on August 12, 2015.  The court has not yet issued its ruling with regard to claim construction.  Discovery in the case is ongoing and a trial start date is scheduled for August 1, 2016.

RPX and Farmwald vs. ParkerVision

In mid-2014, RPX Corporation and Michael Farmwald (collectively, the “Petitioners”) filed petitions for Inter Partes review (“IPR”) with the Patent Trial and Appeal Board of the United States Patent and Trademark Office (“PTAB”) seeking to invalidate eleven claims included in the four patents in our Qualcomm I Action, as well as a number of additional claims related to those same four patents.  In December 2014, the PTAB issueda  decision to institute trial on three of the four petitions which included nine of the eleven claims in the Qualcomm I Action and excluded Claim 27 of the ‘518 Patent.  In January 2015, the PTAB denied institution of trial for the fourth petition which included one of the eleven claims in the Qualcomm I Action. 

As a result of the appellate court’s decision in July 2015 invalidating ten of the eleven claims in the Qualcomm I Action, we determined not to pursue defense of the remaining claims under the three outstanding IPRs.On October 22, 2015, the PTAB dismissedthese threecases.

Qualcomm Inc. and Qualcomm Atheros, Inc. vs. ParkerVision

On August 27, 2015, Qualcomm, Inc. and Qualcomm Atheros, Inc. filed an aggregate of ten petitions for IPR with the PTAB seeking to invalidate certain claims related to three of the eleven patents asserted in our Qualcomm II Action.  Our preliminary responses to these petitions, if any, must be filed by November 27, 2015. 

12.  Termination Benefits

On June 8, 2015, we implemented a reduction in staff in order to reduce our ongoing operating expenses, resulting in charges to operating expenses for the three and ninemonth periods ended September 30, 2015.   Accrued severance benefits consist of the following for the three and nine month periods ended September 30, 2015:

		Three months ended		Nine months ended
		September 30, 2015		September 30, 2015
Accrued severance benefits, beginning of period	$	85,000	$	0
Severance costs incurred		(1,700)		311,300
Costs paid or settled		(83,300)		(311,300)
Accrued severance benefits, end of period	$	0	$	0

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Approximately $25,000 and $71,000 of the accrued severance benefits were settled by the issuance of share-based compensation during the three and nine month periods ended September 30, 2015.  Accrued severance benefits are included in accrued expenses in the accompanying balance sheets.

ITEM 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

We believe that it is important to communicate our future expectations to our shareholders and to the public.  This quarterly report contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including, in particular, statements about our future plans, objectives, and expectations contained in this Item.  When used in this quarterly report and in future filings by us with the Securities and Exchange Commission (“SEC”), the words or phrases “expects”, “will likely result”, “will continue”, “is anticipated”, “estimated” or similar expressions are intended to identify “forward-looking statements.”  Readers are cautioned not to place undue reliance on such forward-looking statements, each of which speaks only as of the date made.  Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and those presently anticipated or projected, including the risks and uncertainties identified in our annual report on Form 10-K for the fiscal year ended December 31, 2014 (the “Annual Report”) and in this Item 2 of Part I of this quarterly report.  Examples of such risks and uncertainties include general economic and business conditions, competition, unexpected changes in technologies and technological advances, the timely development and commercial acceptance of new products and technologies, reliance on key business and sales relationships, reliance on our intellectual property, the outcome of our intellectual property litigation and the ability to obtain adequate financing in the future.  We have no obligation to publicly release the results of any revisions which may be made to any forward-looking statements to reflect anticipated events or circumstances occurring after the date of such statements.

Corporate Website

We webcast our earnings calls and certain events we participate in or host with members of the investment community in the investor relations section of our website. Additionally, we announce investor information, including news and commentary about our business, financial performance and related matters, SEC filings, notices of investor events, and our press and earnings releases, in the investor relations section of ourwebsite (http://ir.parkervision.com). Investors and others can receive notifications of new information posted in the investor relations section in real time by signing up for email alerts and/or RSS feeds. Further corporate governance information, including our governance guidelines, board committee charters, and code of conduct, is also available in the investor relations section of our website under the heading “Corporate Governance.” The content of our website is not incorporated by reference into this quarterly reportor in any other report or document we file with the SEC, and any references to our website are intended to be inactive textual references only.

Overview

We are in the business of innovating fundamental wireless technologies.   We design, develop and market our proprietary radio frequency (“RF”) technologies and products for use in semiconductor circuits for wireless communication products.   We have expended significant financial and other resources to research and develop our RF technologies and to obtain patent protection for those technologies in the United States and certain foreign jurisdictions.  We believe certain patents protecting our proprietary technologies have been broadly infringed by others and therefore our business plan includes enforcement of our intellectual property rights through patent infringement litigation and licensing efforts.

We have a three-part growth strategy that includes intellectual property licensing and/or product ventures, intellectual property enforcement, and product and component sales and design services.  We have made

12

significant investments in developing and protecting our technologies and products, the returns on which are dependent upon the generation of future revenues from licensing and/or product sales for realization. 

Liquidity and Capital Resources

At September 30, 2015, our current liabilities exceed our current assets by approximately $0.85 million.  This represented a decrease of approximately $11.0 million from working capital at December 31, 2014 as a result of the use of approximately $10.1 million to fund operations and approximately $0.6 million used for patents and fixed assets during the first nine months of 2015, partially offset by proceeds of $1.3 million from the sale of warrants.  

Cash used for operations in the first nine months of 2015 decreased approximately $2.9 million from cash used for operations in the same period in 2014.  This decrease is primarily the result of a reduction in operating expenses due to a staff reduction along with the timing on payments of litigation related expenses.

In June 2015, we implemented a reduction in staff which resulted in a 37% reduction in our personnel and related costs for the three month period ended September 30, 2015 as compared to the same period in 2014.  Also in June 2015, we entered into a fully contingent funding arrangement for our ongoing patent infringement litigation against Qualcomm Incorporated (“Qualcomm”) and other which is expected to reduce our future litigation fees and expenses. 

Despite our cost reduction measures, revenue generated from patent enforcement actions, technology licenses and/or the sale of products in 2015 will not be sufficient to cover our operational expenses for 2015.  In addition, our current capital resources will not be sufficient to support our liquidity requirements through 2015.  At September 30, 2015, our accounts payable included approximately $2.0 million due to law firms primarily in connection with patent infringement and Inter Partes Review (“IPR”) defense activities (see Note 11 in Item 1).  We are working with these firms on longer term payment plans for these liabilities.

We may secure additional working capital through public or private debt or equity financing arrangements, although no such arrangements are in place at this time.   Failure to obtain additional funding from debt or equity financing arrangements may require us to further reduce our operating costs which could have a material adverse effect on our ability to meet our business objectives.  Failure to obtain additional funding and/or further reduce operating costs could have a material adverse effect on our ability to meet both short-term and longer-term liquidity needs.  In addition, the incurrence of debt may result in the imposition of operational limitations and other covenant and payment obligations which may be burdensome to us.

Our future business plans calls for continued investment in patent enforcement activities to protect our intellectual property rights.   We believe these efforts will be largely, if not entirely, funded under contingent-based funding arrangements where the funding party is repaid from proceeds resulting from our patent licensing and enforcement activities.  In December 2014, we entered into a funding agreement with 1624 PV, LLC (“1624”) whereby 1624 committed to fund up to $7 million for legal fees and expenses for specified future patent infringement litigation.   To date, we have not drawn any funds under this agreement, and we have no payment obligation to 1624 under the agreement until we do so.  We expect to continue to evaluate this and other litigation funding arrangements to support our future business plans.

Our future business plans also call for continued investment in product development and sales, marketing, and customer support for our technologies and products.  Our ability to generate revenues sufficient to offset costs is subject to successfully enforcing our intellectual property rights and securing new product and licensing customers for our technologies.   The long-term continuation of our business plan is

13

dependent upon the generation of sufficient revenues from our technologies and/or products to offset expenses.

Results of Operations for Each of the Three and Nine  Months Ended September 30, 2015 and 2014

Revenue and Gross Margin

We reportedapproximately $5,500 in product and service  revenue for the three and nine month periods ended September 30, 2015.  Our gross margin for the three and nine month periods ended September 30, 2015 was approximately $400, or 7%.  Our cost of sales includes cost of materials and the cost of labor incurred under engineering design contracts.  At September 30, 2015, we have deferred revenue of approximately $22,000 representing component product inventory held by a distributor and prepaid fees under design contracts.

Revenues from product sales will be recognized at the time of shipment, or when title and risk of loss pass to the customer and other criteria for revenue recognition are met, if later. Revenues from services will be recognized when performance obligations are satisfied. Revenues from litigation awards, including settlements, if any, will be recognized upon final disposition of the litigation, including the outcome of any settlement discussions and/or appeals.  Revenues from litigation awards and settlements, as well as certain other patent licensing activities may be reduced by contingent fees owed to law firms and litigation funding parties.

Research and Development Expenses

Research and development expenses consist primarily of engineering and related management and support personnel costs; fees for outside engineering design services which we use from time to time to supplement our internal resources; amortization and depreciation expense related to our patents and other assets used in product development; prototype production and materials costs, which represent the fabrication and packaging costs for prototype integrated circuits, as well as the cost of supporting components for prototype board development; software licensing and support costs, which represent the annual licensing and support maintenance for engineering design and other software tools; and rent and other overhead costs for our engineering design facility.  Personnel costs include share-based compensation amounts which have been determined based on the grant date fair value of equity-based awards to our employees and then recorded to expense over the vesting period of the award. 

Our research and development expenses decreased approximately $851,000, or 44%, during the three months ended September 30, 2015 when compared to the same period in 2014.  This decrease is primarily due to a reduction in personnel and related expenses of approximately $596,000,  decreases in share-based compensation expense of approximately $116,000 and a decrease in prototype production related expenses of approximately $86,000. 

Our research and development expenses decreased approximately $1,905,000, or 30%, during the nine months ended September 30, 2015 when compared to the same period in 2014.  This decrease is primarily due to a reduction in personnel and related expenses of approximately $652,000, decreases in share-based compensation expenseof approximately $728,000 and a decrease in prototype production related expenses of approximately $378,000. 

The decrease in personnel and related expenses is primarily the result of the June 2015 reduction in workforce.  The decrease in share-based compensation expense is primarily a result of a decrease in expense attribution for long-term equity incentive awards granted to engineering executives in prior years and an increase in forfeitures of unvested awards as a result of our June 2015 workforce reduction.  

Prototype production expenses vary from period to period based on the timing of various development projects.  We expect a significant percentage of our current working capital will continue to be invested in our research and product development activities.  

14

Marketing and Selling Expenses

Marketing and selling expenses consist primarily of marketing and sales personnel costs, including share-based compensation and travel costs, and outside professional fees.  Our marketing and selling expenses decreased approximately $419,000, or 58% during the three months ended September 30, 2015 when compared to the same period in 2014.  This decrease is primarily due to a reduction in outside professional fees of approximately $351,000.

Our marketing and selling expenses decreased approximately $988,000, or 45% during the ninemonths ended September 30, 2015 when compared to the same period in 2014.  This decrease is primarily due to a decrease in fees to outside professionals of approximately $834,000 and a decrease in share-based compensation expense of approximately $138,000.

The decrease in fees to outside professionals for the three and nine month periods ended September 30, 2015 is a result of a change in fee structure for certain consultants from a fixed monthly retainer to commission-based fees.  The decrease in share-based compensation expense for the nine month period ended September 30, 2015 is primarily the result of a decrease in expense attribution for long-term equity incentive awards granted to sales and marketing employees in prior years.  

General and Administrative Expenses

General and administrative expenses consist primarily of executive, director, finance and administrative personnel costs, including share-based compensation, and costs incurred for insurance, shareholder relations and outside professional services, including litigation and other legal services. 

Our general and administrative expenses decreased approximately $2,034,000, or 54%, during the three months ended September 30, 2015 when compared to the same period in 2014, primarily as a result of a decrease in litigation related fees and expenses of approximately $1,599,000 and a decrease in share-based compensation expense of approximately $354,000.

Our general and administrative expenses decreased approximately $1,460,000, or 15%, during the nine months ended September 30, 2015 when compared to the same period in 2014, primarily as a result of a decrease in share-based compensation expense of approximately $2,012,000 partially offset by an increase in litigation related fees and expenses of approximately $416,000. 

The increase in litigation related fees and expenses for nine month period ended September 30, 2015 is a result of increased patent related legal activities including those related to our appellate case against Qualcomm, our patent infringement action against Qualcomm, HTC and Samsung in the middle district of Florida, and our defense of the IPR actions filed against us (see Note 11 in Item 1).  In June 2015, we entered into a fully contingent fee arrangement with our counsel, McKool Smith, for our ongoing litigation against Qualcomm, HTC, and Samsung. This arrangement will reduce our future litigation fees and expenses in this case which is expected to go to trial in August 2016.  The decrease in our litigation fees and expenses for the three month period ended September 30, 2015 is largely related to our contingent fee arrangement with McKool Smith as well as decreased legal activities associated with the various actions (see Note 11 in Item 1).

The decrease in share-based compensation expense for the three and nine month periods ended September 30, 2015 is the result of a decrease in the price of our common stock which is used to determine fair value for non-employee RSUs vesting during the periods, as well as reduced expense attribution related to executive long-term equity incentive awards from prior years.

15

Off-Balance Sheet Transactions, Arrangements and Other Relationships

As of September 30, 2015, we had outstanding warrants to purchase 7,051,378 shares of common stock that were issued in connection with the sale of equity securities.  The estimated grant date fair value of these warrants of $1,655,778 is included in shareholders’ equity in our balance sheets. 

The warrants outstanding include warrants to purchase 1,399,204 shares of our common stock at an exercise price of $0.54 that were sold in connection with our November 2010 sale of equity securities.  These warrants expiredunexercised on November 3, 2015.  The remaining warrants are comprised of three warrants, each for the purchase of up to 1,884,058 shares of our common stock at exercise prices of $1.50, $2.50 and $3.50, respectively that were issued to 1624 on January 15, 2015.  These warrants are exercisable through January 15, 2018. 

Contractual Obligations

There have been no material changes in our contractual obligations as set forth in our Annual Report.

Critical Accounting Policies

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” ASU 2015-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, first-out method by prescribing inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption is permitted. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows.

In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” (“ASU 2014-15”)  to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures.  ASU 2014-15 is effective for interim and annual periods beginning after December 15, 2016 and earlier adoption is permitted.  We are currently assessing the impact of this update on future discussions of our liquidity position in our financial statements and have not early adopted ASU 2014-15.

There have been no other changes in critical accounting policies from those stated in our Annual Report. 

ITEM 3.  Quantitative and Qualitative Disclosures About Market Risk.

For the three and nine months ended September 30, 2015, there were no material changes from the market risk information disclosed under Item 7A of Part II of our Annual Report.

ITEM 4.  Controls and Procedures.  

Evaluation of Disclosure Controls and Procedures

As of September 30, 2015, our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our “disclosure controls and procedures,” as defined in Rule 13a-15(e) under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”).   Based upon this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that these disclosure controls and procedures were effective as of September 30, 2015.  

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a-15(d) under the Exchange Act that occurred during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal controlover financial reporting.

16

PART II - OTHER INFORMATION

ITEM 1.  Legal Proceedings.

Reference is made to the section entitled “Legal Proceedings” in Note 11 to our unaudited financial statements included in this quarterly report for a discussion of current legal proceedings, which discussion is incorporated herein by reference. 

ITEM 1A.  Risk Factors.

There have been no material changes from the risk factors disclosed in Item 1A of Part I of our Annual Report.  In addition to the information in this quarterly report, the risk factors disclosed in our Annual Report should be carefully considered in evaluating our business because such factors may have a significant impact on our business, operating results, liquidity and financial condition.   

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

ITEM 3. Defaults Upon Senior Securities.

None.

ITEM 4.  Mine Safety Disclosures.

Not applicable.

ITEM 5.  Other Information. 

On November 9, 2015, we issued a press release announcing our results of operations and financial condition for the three and nine months ended September 30, 2015.  The press release is attached hereto as Exhibit 99.1.

The foregoing information, including the exhibit related thereto, is furnished in response to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any disclosure document of the Registrant, except as shall be expressly set forth by specific reference in such document.

ITEM 6.  Exhibits.

3.1	Articles of Incorporation, as amended (incorporated by reference from Exhibit 3.1 of Registration Statement No. 33-70588-A)
3.2	Amendment to Amended Articles of Incorporation dated March 6, 2000 (incorporated by reference from Exhibit 3.2 of Annual Report on Form 10-K for the year ended December 31, 1999)
3.3	Bylaws, as amended (incorporated by reference from Exhibit 3.2 of Annual Report on Form 10-K for the year ended December 31, 1998)

17

3.4	Amendment to Certificate of Incorporation, dated July 17, 2000 (incorporated by reference from Exhibit 3.1 of Quarterly Report on Form 10-Q for the quarter ended June 30, 2000)
3.5	Certificate of Designations of the Preferences, Limitations, and Relative Rights of Series E Preferred Stock, dated November 21, 2005 (incorporated by reference from Exhibit 4.02 of Form 8-K filed November 21, 2005)
3.6	Amended and Restated Bylaws (incorporated by reference from Exhibit 3.1 of Current Report on Form 8-K filed August 14, 2007)
3.7	Articles of Amendment to Articles of Incorporation, dated October 3, 2012 (incorporated by reference from Exhibit 3.1of Current Report on Form 8-K filed October 4, 2012)
3.8	Articles of Amendment to Articles of Incorporation, dated July 11, 2013 (incorporated by reference from Exhibit 3.1 of Current Report on Form 8-K filed July 12, 2013)
31.1	Section 302 Certification of Jeffrey L. Parker, CEO*
31.2	Section 302 Certification of Cynthia Poehlman, CFO*
32.1	Section 906 Certification*
99.1	Earnings Press Release*
101.INS	XBRL Instance Document*
101.SCH	XBRL Taxonomy Extension Schema*
101.CAL	XBRL Taxonomy Extension Calculation Linkbase*
101.DEF	XBRL Taxonomy Extension Definition Linkbase*
101.LAB	XBRL Taxonomy Extension Label Linkbase*
101.PRE	XBRL Taxonomy Extension Presentation Linkbase*

*Filed herewith.

18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ParkerVision, Inc.

Registrant

November 9, 2015	By: /s/Jeffrey L. Parker
	Jeffrey L. Parker
	Chairman and Chief Executive Officer
	(Principal Executive Officer)

November 9, 2015	By: /s/Cynthia L. Poehlman
	Cynthia L. Poehlman
	Chief Financial Officer
	(Principal Financial Officer and Principal
	Accounting Officer)

19

EXHIBIT INDEX

10.
31.1	Section 302 Certification of Jeffrey L. Parker, CEO
31.2	Section 302 Certification of Cynthia Poehlman, CFO
32.1 99.1	Section 906 Certification Earnings Press Release
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

20

EX-31.1

EXHIBIT 31.1

SECTION 302 CERTIFICATION

I, Jeffrey L. Parker, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of ParkerVision, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons fulfilling the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Ugust
Date: November 9, 2015	Name:/s/ Jeffrey L. Parker
	Title: Chief Executive Officer (Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

SECTION 302 CERTIFICATION

I, Cynthia Poehlman certify that:

1.  I have reviewed this Quarterly Report on Form 10-Q of ParkerVision, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a  material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s  most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report)  that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.  The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons fulfilling the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:November 9, 2015	Name:/s/Cynthia L. Poehlman
	Title: Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

SECTION 906 CERTIFICATION

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ParkerVision, Inc. (the “Company”) on Form 10-Q, for the period endedSeptember 30, 2015 as filed with the Securities and Exchange Commission (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Ugust 7
Dated: November 9, 2015	Name:/s/ Jeffrey L. Parker
	Title: Chief Executive Officer (Principal
	Executive Officer)

Dated: November 9, 2015	Name:/s/ Cynthia L. Poehlman
	Title: Chief Financial Officer  (Principal
	Financial Officer and Principal Accounting Officer)

EX-99.1

PARKERVISION REPORTS THIRD QUARTER 2015 RESULTS

Management to Host Conference Call and Webcast Today at 4:30 p.m. ET

JACKSONVILLE, Fla., November 9, 2015 –ParkerVision, Inc. (NASDAQ:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced results for the three and nine months ended September 30, 2015.

The net loss for the third quarter of 2015 decreased 52% to $3.1 million, or $0.03 per common share, compared with a net loss of $6.4 million, or $0.07 per common share for the third quarter of 2014.  The net loss for the first nine months of 2015 decreased 23% to $13.8 million, or $0.14 per common share, compared with a net loss of $18.0 million, or $0.19 per common share, for the first nine months of 2014. 

Litigation related fees and expenses decreased by approximately $1.6 million in the third quarter of 2015 compared with the third quarter of 2014, largely as a result of contingent fee arrangements now in place.  In addition, personnel and related costs in the third quarter of 2015 decreased approximately 37% compared with the third quarter of 2014 as a result of the Company’s June 2015 staff reduction. 

Share-based compensation expense decreased approximately $2.9 million on a year-to-date basis, and approximately $0.5 million in the third quarter of 2015 compared with the prior year quarter, due in part to a significant reduction in new equity awards issued.

Cash and available-for-sale securities totaled approximately $1.7 million as of September 30, 2015.  Cash used for operations for the third quarter of 2015 decreased 52% to $2.1 million, compared with $4.5 million in the third quarter of 2014.  For the nine months ended September 30, 2015, cash used for operations was $10.1 million, compared with $13.0 million for the nine months ended September 30, 2014.

Jeffrey Parker, Chairman and Chief Executive Officer, commented, “We are actively working to secure non-dilutive working capital financing for the company that will support our significantly reduced operating costs and enable us to move forward on a business plan that we believe will result in recognizing the most meaningful value from our innovations.”

.Conference Call

The Company will host a conference call and webcast on November 9, 2015 at 4:30 p.m. Eastern to review its third quarter 2015 financial results. The conference call will be accessible by telephone at 1-877-561-2750, at least five minutes before the scheduled start time.  International callers should dial 763-416-8565. The conference call may also be accessed by means of a live webcast on our website at http://ir.parkervision.com/events.cfm. The conference webcast will also be archived and available for replay on our website at www.parkervision.com for a period of 90 days.

About ParkerVision

ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies that enable advanced wireless solutions for current and next generation communications networks. Protected by a highly-regarded, worldwide patent portfolio, the Company’s solutions for wireless transfer of RF waveforms address the needs of a broad range of wirelessly connected devices for high levels of RF performance coupled with best-in-class power consumption. For more information please visit www.parkervision.com.  (PRKR-I)

Safe Harbor Statement

This press release contains forward-looking information.  Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made.  Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s SEC reports, including the Form 10K for the year ended December 31, 2014 and the Form 10Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

Contact:
Cindy Poehlman		Don Markley or
Chief Financial Officer	or	Matt Steinberg
ParkerVision, Inc		The Piacente Group
904-732-6100, cpoehlman@parkervision.com		212-481-2050, parkervision@tpg-ir.com

(TABLES FOLLOW)

ParkerVision, Inc.

Summary of Results of Operations (unaudited)

	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	September 30,				September 30,
	2015		2014		2015		2014
Revenue	$	5	$	0	$	5	$	0
Cost of sales		(5)		0		(5)		0
Gross margin		0		0		0		0
Research and development expenses		1,094		1,945		4,546		6,450
Marketing and selling expenses		309		728		1,185		2,173
General and administrative expenses		1,725		3,759		8,018		9,478
Total operating expenses		3,128		6,432		13,749		18,101
Interest and other income and interest expense		(8)		23		(5)		79
Net loss	$	(3,136)	$	(6,409)	$	(13,754)	$	(18,022)
Basic and diluted net loss per common share	$	(0.03)	$	(0.07)	$	(0.14)	$	(0.19)
Weighted average shares outstanding		98,667		97,017		97,922		95,918

Balance Sheet Highlights (in thousands)

	September 30, 2015		December 31,
		(unaudited)		2014
Cash and available-for-sale securities	$	1,719	$	11,204
Accounts receivable, net		5		0
Inventories, net		142		66
Prepaid and other assets		482		813
Property and equipment, net		641		633
Intangible assets, net		7,710		8,003
Total assets		10,699		20,719
Current liabilities		3,202		1,965
Long-term liabilities		72		138
Shareholders’ equity		7,425		18,616
Total liabilities and shareholders’ equity	$	10,699	$	20,719

XML

Termination Benefits (Narrative) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Termination Benefits [Abstract]
Settlement amount of acrued severance benefits	$ 25,000	$ 71,000

XML

Loss Per Common Share (Details) - shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Options And Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share	13,086,687	7,765,232
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share	758,334	2,309,901

XML

Accounting Policies

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Accounting Policies

4.   Accounting Policies

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” ASU 2015-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, firstout (“LIFO”) method by prescribing inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption is permitted. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows.

In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”),  to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures.  ASU 2014-15 is effective for interim and annual periods beginning after December 15, 2016 and earlier adoption is permitted.  We are currently assessing the impact of this update on future discussions of our liquidity position in our financial statements and have not early adopted ASU 2014-15.

There have been no other changes in accounting policies from those stated in the Annual Report on Form 10-K for the year ended December 31, 2014.

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Share-Based Compensation (Schedule Of Share-Based Compensation Expense Included In Statements Of Operations) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 196,016	$ 690,168	$ 1,083,276	$ 3,961,342
Research And Development Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	82,670	199,165	204,928	932,649
Sales And Marketing Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	18,423	42,528	47,934	186,280
General And Administrative Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 94,923	$ 448,475	$ 830,414	$ 2,842,413

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Share-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, net of estimated forfeitures	$ 200,000		$ 200,000
Expected weighted average period to recognize the compensation cost, in years			1 year
Shared-based expense withheld for payment of payroll taxes	80,816		$ 97,811
Performance Based Restricted Stock Units [Member] | Sales And Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense			0
Consultants [Member] | Restricted Stock Units (RSUs) [Member] | Non Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense	$ 29,000	$ 50,000	$ 221,000	$ 683,000
Consultants [Member] | Performance Based Restricted Stock Units [Member] | Non Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares	750,000		750,000

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Stock Authorization And Issuance (Details)	Jan. 26, 2015 USD ($) shares	Jan. 15, 2015 USD ($) item $ / shares shares
Common Stock [Member]
Stock Authorization And Issuance [Line Items]
Issuance of stock for legal services | shares	250,000
Issuance of compensation for legal services | $	$ 250,000
Common Stock Warrant [Member]
Stock Authorization And Issuance [Line Items]
Number of warrants sold | item		3
Proceeds from warrants exercised | $		$ 1,300,000
Shares converted per warrant | shares		1,884,058
Warrant 1 [Member] | Common Stock Warrant [Member]
Stock Authorization And Issuance [Line Items]
Exercise price per warrant		$ 1.50
Warrant 2 [Member] | Common Stock Warrant [Member]
Stock Authorization And Issuance [Line Items]
Exercise price per warrant		2.50
Warrant 3 [Member] | Common Stock Warrant [Member]
Stock Authorization And Issuance [Line Items]
Exercise price per warrant		$ 3.50

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Fair Value Measurements (Schedule Of Assets Measured At Fair Value On A Recurring Basis) (Details) - Municipal Bond Mutual Funds [Member] - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 1,413,450	$ 10,985,000
Quoted Prices In Active Markets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	1,413,450	10,985,000
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	0	0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 0	$ 0

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Basis Of Presentation

9 Months Ended

Sep. 30, 2015

Description Of Business [Abstract]

Basis Of Presentation

3.  Basis of Presentation

The accompanying unaudited financial statements for the period ended September 30, 2015 were prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015 or future years.  All normal and recurring adjustments which, in the opinion of management, are necessary for a fair statement of the financial condition and results of operations have been included.  Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

The year-end balance sheet data was derived from audited financial statements for the year ended December 31, 2014, but does not include all disclosures required by accounting principles generally accepted in the United States of America.  These interim financial statements should be read in conjunction with our latest Annual Report on Form 10-K for the year ended December 31, 2014. 

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Commitments And Contingencies (Details) $ in Millions				1 Months Ended
	Aug. 27, 2015 item	Jul. 31, 2015 claim	Aug. 31, 2014 item	Jan. 31, 2015 claim	Dec. 31, 2014 claim	Jun. 30, 2014 item	Oct. 31, 2013 USD ($) claim item
ParkerVision vs. Qualcomm, Inc. [Member]
Commitments and Contingencies [Line Items]
Patents infringement, amount awarded | $							$ 172.7
Gain contingency, number of claims | claim							11
Number of patents found infringed upon							4
Loss Contingency, Claims Dismissed, Number | claim		10
ParkerVision vs. Qualcomm, HTC, and Samsung [Member]
Commitments and Contingencies [Line Items]
Number of patents found infringed upon			11
RPX and Farmwald vs. ParkerVision [Member]
Commitments and Contingencies [Line Items]
Gain contingency, number of claims | claim				1
Number of patents subject to Inter Partes review						3
Number of claims to institute trial | claim					9
Qualcomm Inc And Qualcomm Atheros, Inc vs ParkerVision [Member]
Commitments and Contingencies [Line Items]
Additional number of patent subject to Inter Parter review	1
Number of petitions	10

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Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 305,650	$ 218,925
Available-for-sale securities	1,413,450	10,985,000
Accounts receivable, net	5,475	0
Inventories, net	142,146	66,468
Prepaid expenses and other	482,474	812,577
Total current assets	2,349,195	12,082,970
PROPERTY AND EQUIPMENT, net	640,522	633,084
INTANGIBLE ASSETS, net	7,709,929	8,002,638
Total assets	10,699,646	20,718,692
CURRENT LIABILITIES:
Accounts payable	2,057,886	475,200
Accrued expenses:
Salaries and wages	290,427	394,964
Professional fees	450,669	940,581
Other accrued expenses	211,694	59,277
Capital leases, current portion	99,427	40,337
Deferred rent, current portion	69,481	54,426
Deferred revenue	22,492	0
Total current liabilities	3,202,076	1,964,785
LONG-TERM LIABILITES
Captial leases, net of current portion	710	10,244
Deferred rent, net of current portion	71,186	127,964
Total long-term liabilities	71,896	138,208
Total liabilities	$ 3,273,972	$ 2,102,993
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock, $.01 par value, 150,000,000 shares authorized, 99,880,279 and 97,183,433 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	$ 988,803	$ 971,834
Accumulated other comprehensive loss	(2,911)	0
Warrants outstanding	1,655,778	355,778
Additional paid-in capital	332,117,559	330,867,750
Accumulated deficit	(327,333,555)	(313,579,663)
Total shareholders' equity	7,425,674	18,615,699
Total liabilities and shareholders' equity	$ 10,699,646	$ 20,718,692

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Description Of Business

9 Months Ended

Sep. 30, 2015

Description Of Business [Abstract]

Description of Business

1.  Description of Business

ParkerVision, Inc. (“we”, the “Company”, or “ParkerVision”) is in the business of innovating fundamental wireless technologies.   We design, develop and market our proprietary radio frequency (“RF”) technologies and products for use in semiconductor circuits for wireless communication products.  In addition, we offer engineering consulting and design services, for a negotiated fee, to assist customers in developing prototypes and/or products incorporating wireless technologies.

We believe certain patents protecting our proprietary technologies have been broadly infringed by others and therefore our business plan includes enforcement of our intellectual property rights through patent infringement litigation and licensing efforts.

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Measurements [Abstract]

Schedule Of Assets Measured At Fair Value On A Recurring Basis

			Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs      (Level 3)
September 30, 2015:
Available-for-sale securities:
Municipal bond mutual funds	$	1,413,450	$	1,413,450	$	0	$	0

				Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs        (Level 3)
December 31, 2014:
Available-for-sale securities:
Municipal bond mutual funds	$	10,985,000	$	10,985,000	$	0	$	0

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Liquidity And Going Concern (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Liquidity And Going Concern [Abstract]
Reduction of payroll costs	40.00%
Cash, cash equivalents, and available for sale securities		$ 1,700
Current liability amount exceeding assets		$ 850
Contractual obligation			$ 7,000

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Liquidity And Going Concern

9 Months Ended

Sep. 30, 2015

Liquidity And Going Concern [Abstract]

Liquidity and Going Concern

2.  Liquidity and Going Concern

Our financial statements were prepared assuming we would continue as a going concern, which contemplates that we will continue in operation for the foreseeable future and will be able to realize assets and settle liabilities and commitments in the normal course of business.  These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that could result should we be unable to continue as a going concern.

In June 2015, we implemented a reduction in staff which resulted in a reduction in our recurring payroll costs of approximately 40% (see Note 12).  Also in June 2015, we entered into a fully contingent funding arrangement for our ongoing patent infringement litigation against Qualcomm, HTC and Samsung in district court.  Despite these cost reduction measures, revenues generated from patent enforcement actions, technology licenses and/or the sale of products and services in 2015 will not be sufficient to cover our operational expenses for 2015. 

Our capital resources at September 30, 2015 include cash, cash equivalents, and available-for-sale securities of approximately $1.7 million.  These capital resources are not sufficient to support our liquidity requirements through 2015.  At September 30, 2015, our current liabilities exceed our current assets by approximately $0.85 million.  These circumstances raise substantial doubt about our ability to continue as a going concern. 

We may secure additional working capital through public or private debt or equity financing arrangements, although no such arrangements are in place at this time.   Failure to obtain additional funding from debt or equity financing arrangements may require us to further reduce our operating costs which could have a material adverse effect on our ability to meet our business objectives.  Failure to obtain additional funding and/or further reduce operating costs could have a material adverse effect on our ability to meet both short-term and longer-term liquidity needs.  In addition, the incurrence of debt may result in the imposition of operational limitations and other covenant and payment obligations which may be burdensome to us.

Our future business plans call for continued investment in patent enforcement activities to protect our intellectual property rights.   We believe these efforts will be largely, if not entirely, funded under contingent-based funding arrangements where the funding party is repaid from proceeds resulting from our patent licensing and enforcement activities.  In December 2014, we entered into a funding agreement with 1624 PV, LLC (“1624”) whereby 1624 committed to fund up to $7 million for legal fees and expenses for specified future patent infringement litigation.   To the extent that we draw down committed funds under this agreement, we will be obligated to reimburse and compensate 1624 from the proceeds resulting from the specified actions as well as proceeds from other ongoing and/or future patent-related activities.   To date, we have not drawn any funds under this agreement, and therefore have no contingent obligation to 1624.  We expect to continue to evaluate this and other litigation funding arrangements to support our future business plans.

Our future business plans also call for continued investment in product development and sales, marketing, and customer support for our technologies and products.  Our ability to generate revenues sufficient to offset costs is subject to successfully enforcing our intellectual property rights and securing new product and licensing customers for our technologies.   The long-term continuation of our business plan is dependent upon the generation of sufficient revenues from our technologies and/or products to offset expenses. 

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Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Balance Sheets [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	99,880,279	97,183,433
Common stock, shares outstanding	99,880,279	97,183,433

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Termination Benefits

9 Months Ended

Sep. 30, 2015

Termination Benefits [Abstract]

Termination Benefits

12.  Termination Benefits

On June 8, 2015, we implemented a reduction in staff in order to reduce our ongoing operating expenses, resulting in charges to operating expenses for the three and nine month periods ended September 30, 2015.   Accrued severance benefits consist of the following for the three and nine month periods ended September 30, 2015:

		Three months ended		Nine months ended
		September 30, 2015		September 30, 2015
Accrued severance benefits, beginning of period	$	85,000	$	0
Severance costs incurred		(1,700)		311,300
Costs paid or settled		(83,300)		(311,300)
Accrued severance benefits, end of period	$	0	$	0

Approximately $25,000 and $71,000 of the accrued severance benefits were settled by the issuance of share-based compensation during the three and nine month periods ended September 30, 2015.  Accrued severance benefits are included in accrued expenses in the accompanying balance sheets.

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Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 04, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Registrant Name	PARKERVISION INC
Entity Central Index Key	0000914139
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		98,882,362
Trading Symbol	prkr

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Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Recent Accounting Pronouncements

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” ASU 2015-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, firstout (“LIFO”) method by prescribing inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption is permitted. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows.

In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”),  to provide guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures.  ASU 2014-15 is effective for interim and annual periods beginning after December 15, 2016 and earlier adoption is permitted.  We are currently assessing the impact of this update on future discussions of our liquidity position in our financial statements and have not early adopted ASU 2014-15.

There have been no other changes in accounting policies from those stated in the Annual Report on Form 10-K for the year ended December 31, 2014.

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Statements Of Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statements Of Comprehensive Loss [Abstract]
Product and services revenue	$ 5,483	$ 0	$ 5,483	$ 0
Cost of sales	5,046	0	5,046	0
Gross margin	437	0	437	0
Research and development expenses	1,094,076	1,945,365	4,545,867	6,450,539
Marketing and selling expenses	308,535	727,833	1,184,848	2,173,174
General and administrative expenses	1,725,252	3,758,950	8,018,569	9,478,073
Total operating expenses	3,127,863	6,432,148	13,749,284	18,101,786
Interest and other income	(1,145)	24,925	12,222	85,175
Interest expense	(6,945)	(1,905)	(17,267)	(5,439)
Total interest and other income and interest expense	(8,090)	23,020	(5,045)	79,736
Net loss	(3,135,516)	(6,409,128)	(13,753,892)	(18,022,050)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on available-for-sale securities	8,797	0	(2,911)	8,215
Other comprehensive income (loss), net of tax	8,797	0	(2,911)	8,215
Comprehensive loss	$ (3,126,719)	$ (6,409,128)	$ (13,756,803)	$ (18,013,835)
Basic and diluted net loss per common share	$ (0.03)	$ (0.07)	$ (0.14)	$ (0.19)
Weighted average common shares outstanding	98,667,367	97,017,009	97,922,109	95,918,402

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Intangible Assets

9 Months Ended

Sep. 30, 2015

Intangible Assets [Abstract]

Intangible assets

7.   Intangible Assets

Intangible assets consist of the following:

	September 30, 2015
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	20,159,280	$	12,449,351	$	7,709,929
Prepaid licensing fees		574,000		574,000		0
	$	20,733,280	$	13,023,351	$	7,709,929

		December 31, 2014
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	19,616,477	$	11,613,839	$	8,002,638
Prepaid licensing fees		574,000		574,000		0
	$	20,190,477	$	12,187,839	$	8,002,638

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Inventories

9 Months Ended

Sep. 30, 2015

Inventories [Abstract]

Inventories

6. Inventories

Inventories consisted of the following:

		September 30, 2015		December 31, 2014
Work-in-process	$	98,396	$	66,468
Finished goods		43,750		0
Total inventories	$	142,146	$	66,468

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Termination Benefits (Tables)

9 Months Ended

Sep. 30, 2015

Termination Benefits [Abstract]

Schedule Of Accrued Severance Benefits

		Three months ended		Nine months ended
		September 30, 2015		September 30, 2015
Accrued severance benefits, beginning of period	$	85,000	$	0
Severance costs incurred		(1,700)		311,300
Costs paid or settled		(83,300)		(311,300)
Accrued severance benefits, end of period	$	0	$	0

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Inventories (Tables)

9 Months Ended

Sep. 30, 2015

Inventories [Abstract]

Schedule of Inventories

		September 30, 2015		December 31, 2014
Work-in-process	$	98,396	$	66,468
Finished goods		43,750		0
Total inventories	$	142,146	$	66,468

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Fair Value Measurements

9 Months Ended

Sep. 30, 2015

Fair Value Measurements [Abstract]

Fair Value Measurements

10. Fair Value Measurements

We have determined the estimated fair value amounts of our financial instruments using available market information.  Our assets that are measured at fair value on a recurring basis include the following as of September 30, 2015 and December 31, 2014:

			Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs      (Level 3)
September 30, 2015:
Available-for-sale securities:
Municipal bond mutual funds	$	1,413,450	$	1,413,450	$	0	$	0

				Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs     (Level 2)		Significant Unobservable Inputs        (Level 3)
December 31, 2014:
Available-for-sale securities:
Municipal bond mutual funds	$	10,985,000	$	10,985,000	$	0	$	0

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Share-Based Compensation

9 Months Ended

Sep. 30, 2015

Share-Based Compensation [Abstract]

Share-Based Compensation

8.  Share-Based Compensation

There has been no material change in the assumptions used to compute the fair value of our equity awards, nor in the method used to account for share-based compensation from those stated in our Annual Report on Form 10-K for the year ended December 31, 2014. 

The following table presents share-based compensation expense included in our statements of comprehensive loss for the three and nine month periods ended September 30, 2015 and 2014, respectively:

	Three months ended					Nine months ended
	September 30,					September 30,
		2015		2014		2015		2014
Research and development expense	$	82,670	$	199,165	$	204,928	$	932,649
Sales and marketing expense		18,423		42,528		47,934		186,280
General and administrative expense		94,923		448,475		830,414		2,842,413
Total share-based expense	$	196,016	$	690,168	$	1,083,276	$	3,961,342

For the three and ninemonth periods ended September 30, 2015, total share based compensation expense includes $80,816 and $97,811, respectively, representing the fair value of shares withheld for payment of payroll taxes on the distribution of employee share-based compensation awards. 

General and administrative share-based compensation expense includes expense recognized upon vesting of RSUs awarded to consultants of approximately  $29,000 and $50,000 for the three months ended September 30, 2015 and 2014, respectively, and approximately $221,000 and $683,000, for the nine months ended September 30, 2015 and 2014, respectively.  As of September 30, 2015, we have an aggregate of 750,000 performance-based RSUs awarded to consultants that remain unvested.  The performance-based RSUs, awarded in November 2013, vest only upon achievement of certain market conditions, as measured based on the closing price of our common stock during a period ending on the earlier of (i) December 31, 2015 or (ii) thirty days following termination of the related consulting agreements.  Achievement of the specified market conditions is not considered probable as of September 30, 2015 and, therefore no share-based compensation expense has been recorded for these awards.  Upon thirty days’ notice, the consulting agreements may be terminated and any unvested portion of the performance-based RSUs will be cancelled.   

As of September 30, 2015, we had approximately $0.2million in unrecognized compensation cost, net of estimated forfeitures, related to unvested share-based compensation awards.  This cost is expected to be recognized over a weighted average period of approximately  oneyear. 

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Stock Authorization And Issuance

9 Months Ended

Sep. 30, 2015

Stock Authorization And Issuance [Abstract]

Stock Authorization And Issuance

9.   Stock Authorization and Issuance

On January 15, 2015, we consummated the sale of three warrants, each for the purchase of up to 1,884,058 shares of our common stock at exercise prices of $1.50,  $2.50 and $3.50, respectively, to 1624 PV, LLC (“1624”) for an aggregate purchase price of approximately $1.3 million.  The warrants are exercisable through January 15, 2018.  On January 26, 2015, we issued 250,000 shares of unregistered common stock to our securities counsel, Graubard Miller, in exchange for a $250,000 prepaid retainer for legal services.  The common stock issuable upon exercise of the warrants issued to 1624 and the shares of common stock issued to Graubard Miller were registered on Form S-3 (File No. 333-202802) which was declared effective on May 4, 2015. 

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Commitments And Contingencies

9 Months Ended

Sep. 30, 2015

Commitments And Contingencies [Abstract]

Commitments And Contingencies

11.  Commitments and Contingencies

Legal Proceedings

From time to time, we are subject to legal proceedings and claims which arise in the ordinary course of our business.   We believe, based on advice from our outside legal counsel, that the final disposition of such matters will not have a material adverse impact on our financial position, results of operation or liquidity.   In addition, we are subject to the following legal proceedings:

ParkerVision vs. Qualcomm, Inc.

In October 2013, a jury in the United States District Court of the Middle District of Florida awarded us $172.7 million in damages in a patent infringement action filed against Qualcomm Incorporated (“Qualcomm”) in July 2011 (the “Qualcomm I Action.”).  The jury also found that Qualcomm did not prove its claims of invalidity for any of the eleven claims of the four patents in the case.  On June 20, 2014, a final district court ruling was issued in which the court denied Qualcomm’s motion to overturn the jury’s verdict regarding patent validity but granted Qualcomm’s motion to overturn the jury’s verdict of infringement.   We appealed this decision to the U.S. Court of Appeals for the Federal Circuit.  Qualcomm filed a counter-appeal on the issues of validity and damages.   On July 31, 2015, the appellate court issued its opinion, upholding the district court’s determination of non-infringement.  In addition, the appellate court overturned the district court’s decision on validity, ruling that ten of the eleven patent claims in the case were invalid.  On September 14, 2015, we filed a petition for a rehearing on the infringement decision with respect to the one claim that was not invalidated by the court (“Claim 27 of the ‘518 Patent”).  On October 2, 2015, our petition for rehearing was denied.  We are currently evaluating our options for filing an appeal with the Supreme Court.

ParkerVision vs. Qualcomm, HTC, and Samsung

In August 2014, we served a complaint in the United States District Court of the Middle District of Florida against Qualcomm, Qualcomm Atheros, Inc., HTC Corporation, HTC America, Inc., Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., and Samsung Telecommunications America, LLC (collectively “Defendants”) seeking unspecified damages and injunctive relief for infringement of eleven of our patents related to RF up-conversion, down-conversion, systems for control of multi-mode, multi-band communications, baseband innovations including control and system calibration, and wireless protocol conversion (the “Qualcomm II Action”) .  In November 2014, certain of the Defendants filed counterclaims of non-infringement and invalidity for all patents in the case.  A claim construction hearing was held on August 12, 2015.  The court has not yet issued its ruling with regard to claim construction.  Discovery in the case is ongoing and a trial start date is scheduled for August 1, 2016.

RPX and Farmwald vs. ParkerVision

In mid-2014, RPX Corporation and Michael Farmwald (collectively, the “Petitioners”) filed petitions for Inter Partes review (“IPR”) with the Patent Trial and Appeal Board of the United States Patent and Trademark Office (“PTAB”) seeking to invalidate eleven claims included in the four patents in our Qualcomm I Action, as well as a number of additional claims related to those same four patents.  In December 2014, the PTAB issued a decision to institute trial on three of the four petitions which included nine of the eleven claims in the Qualcomm I Action and excluded Claim 27 of the ‘518 Patent.  In January 2015, the PTAB denied institution of trial for the fourth petition which included one of the eleven claims in the Qualcomm I Action. 

As a result of the appellate court’s decision in July 2015 invalidating ten of the eleven claims in the Qualcomm I Action, we determined not to pursue defense of the remaining claims under the three outstanding IPRs.  On October 22, 2015, the PTAB dismissed these three cases.

Qualcomm Inc. and Qualcomm Atheros, Inc. vs. ParkerVision

On August 27, 2015, Qualcomm, Inc. and Qualcomm Atheros, Inc. filed an aggregate of ten petitions for IPR with the PTAB seeking to invalidate certain claims related to three of the eleven patents asserted in our Qualcomm II Action.  Our preliminary responses to these petitions, if any, must be filed by November 27, 2015. 

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Termination Benefits (Schedule of Accrued Severance Benefits) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Termination Benefits [Abstract]
Accrued severance benefits, beginning of period	$ 85,000	$ 0
Severance costs incurred	(1,700)	311,300
Costs paid or settled	(83,300)	(311,300)
Accrued severance benefits, end of period	$ 0	$ 0

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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Share-Based Compensation [Abstract]

Schedule Of Share-Based Compensation Expense Included In Statements Of Operations

	Three months ended					Nine months ended
	September 30,					September 30,
		2015		2014		2015		2014
Research and development expense	$	82,670	$	199,165	$	204,928	$	932,649
Sales and marketing expense		18,423		42,528		47,934		186,280
General and administrative expense		94,923		448,475		830,414		2,842,413
Total share-based expense	$	196,016	$	690,168	$	1,083,276	$	3,961,342

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Inventories (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Work in process	$ 98,396	$ 66,468
Finished goods	43,750	0
Total inventories	$ 142,146	$ 66,468

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Statements Of Cash Flows - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,135,516)	$ (6,409,128)	$ (13,753,892)	$ (18,022,050)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	327,551	318,470	976,952	943,857
Share-based compensation	115,201	690,168	985,466	3,961,342
(Gain) loss on disposal assets	(1,000)	0	(4,200)	887
Realized loss on available-for-sale securities	5,891	0	12,951	6,869
Changes in operating assets and liabilities:
Accounts receivable, net	14,925	0	(5,475)	0
Inventories	0	0	(19,735)	0
Prepaid expenses and other assets	110,948	(120,384)	580,103	(57,465)
Accounts payable and accrued expenses	433,721	1,069,742	1,173,966	103,534
Deferred rent	(13,907)	(11,902)	(41,723)	49,673
Deferred revenue	2,492	0	22,492	0
Total adjustments	995,822	1,946,094	3,680,797	5,008,697
Net cash used in operating activities	(2,139,694)	(4,463,034)	(10,073,095)	(13,013,353)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of available-for-sale investments	(3,890)	(24,925)	(949,312)	(11,586,399)
Proceeds from sale of investments	2,350,000	4,755,000	10,505,000	11,960,000
Proceeds from sale of assets	1,000	0	4,200	0
Payments for patent costs and other intangible assets	(76,446)	(91,496)	(542,803)	(505,906)
Purchases of property and equipment	(3,648)	(224,000)	(51,271)	(264,640)
Net cash provided by (used in) investing activities	2,267,016	4,414,579	8,965,814	(396,945)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock and warrants in public and private offerings	0	0	1,298,000	11,946,365
Net proceeds from exercise of options and warrants	0	0	0	1,655,550
Principal payments on capital lease obligations	(45,515)	(14,436)	(103,994)	(34,872)
Net cash (used in) provided by financing activities	(45,515)	(14,436)	1,194,006	13,567,043
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	81,807	(62,891)	86,725	156,745
CASH AND CASH EQUIVALENTS, beginning of period	223,843	442,333	218,925	222,697
CASH AND CASH EQUIVALENTS, end of period	$ 305,650	$ 379,442	$ 305,650	$ 379,442

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Loss Per Common Share

9 Months Ended

Sep. 30, 2015

Loss Per Common Share [Abstract]

Loss Per Common Share

5.   Loss per Common Share

Basic loss per common share is determined based on the weighted-average number of common shares outstanding during each period.  Diluted loss per common share is the same as basic loss per common share as all common share equivalents are excluded from the calculation, as their effect is anti-dilutive.

Options and warrants to purchase 13,086,687 and 7,765,232 shares of common stock were outstanding at September 30, 2015 and 2014, respectively.  In addition, unvested restricted stock units (“RSUs”), representing 758,334 and 2,309,901 shares of common stock, were outstanding at September 30, 2015 and 2014, respectively.   These options, warrants and RSUs were excluded from the computation of diluted loss per common share as their effect would have been anti-dilutive.

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Intangible Assets (Schedule Of Intangible Assets) (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 20,733,280	$ 20,190,477
Accumulated Amortization	13,023,351	12,187,839
Net Book Value	7,709,929	8,002,638
Patents And Copyrights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	20,159,280	19,616,477
Accumulated Amortization	12,449,351	11,613,839
Net Book Value	7,709,929	8,002,638
Prepaid Licensing Fees [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	574,000	574,000
Accumulated Amortization	574,000	574,000
Net Book Value	$ 0	$ 0

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Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Intangible Assets [Abstract]

Schedule Of Intangible Assets

Intangible assets consist of the following:

	September 30, 2015
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	20,159,280	$	12,449,351	$	7,709,929
Prepaid licensing fees		574,000		574,000		0
	$	20,733,280	$	13,023,351	$	7,709,929

		December 31, 2014
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	19,616,477	$	11,613,839	$	8,002,638
Prepaid licensing fees		574,000		574,000		0
	$	20,190,477	$	12,187,839	$	8,002,638