Third Quarter Fiscal 2016 Financial Summary:

The Company reported net loss of $363,869 or $(0.00) per share, for the third quarter of fiscal 2016 compared to a net income of $275,741 or $0.00 per share for the prior year's third quarter. There were no revenues for the third quarter of fiscal 2016 compared to revenues of $1,121,495 for the third quarter of the prior year. The prior year included patent license revenues of $1,078,500. Operating expenses decreased to $364,669 from $814,404 for the prior year's comparable quarter primarily due to decreased patent-related legal costs.

For the nine months ended December 31, 2015 the Company reported net loss of $838,526 or $(0.00) per share on revenues of $709,531. For the comparable nine months of the prior year the Company reported a net income of $133,324 or $0.00 per share on revenues of $2,198,745. The Company's results are impacted by the timing and amount of license fees.