Note 5 - Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2012

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 5 – Supplemental Cash Flow Information:

Cash paid for income taxes was $896,000 and $345,000, respectively, for the six-month periods ended June 30, 2012 and 2011. Cash paid for interest was $18,000 and $12,000, respectively, for the six-month periods ended June 30, 2012 and 2011.

On March 6, 2012, Licensor exercised their warrant and acquired 44,912 shares of the Company’s stock in exchange for the surrender of the remainder of the warrant.

During the six months ended June 30, 2012 and 2011, the company received 8,403 and 8,491 shares, respectively, of its common stock, as payment for the exercise of stock options for 8,896 and 10,900 shares, respectively.