Note 5 - Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2013

Cash Flow, Supplemental Disclosures [Text Block]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 5 – Supplemental Cash Flow Information:

Cash paid for income taxes was $1,307,000 and $896,000, respectively, for the six-month periods ended June 30, 2013 and 2012. Cash paid for interest was $8,000 and $18,000, respectively, for the six-month periods ended June 30, 2013 and 2012.

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. (See Note 2.)