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 March 31, 2013

      (   )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 May 1, 2013, 88,387,682 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	11
Item 3.    Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.    Controls and Procedures	14
PART II - OTHER INFORMATION
Item 1.    Legal Proceedings	15
Item 1A. Risk Factors	15
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.    Defaults Upon Senior Securities	15
Item 4.    Mine Safety Disclosures	15
Item 5.    Other Information	15
Item 6.    Exhibits	15
SIGNATURES	17
EXHIBIT INDEX	18

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PART I - FINANCIAL INFORMATION

ITEM 1.  Financial Statements

PARKERVISION, INC.

BALANCE SHEETS

(UNAUDITED)

	March 31,			December 31,
	2013			2012
CURRENT ASSETS:
Cash and cash equivalents	$	307,354	$	298,227
Available for sale securities		17,528,082		8,041,904
Prepaid expenses and other		1,207,029		977,310
Total current assets		19,042,465		9,317,441
PROPERTY AND EQUIPMENT, net		379,589		403,446
INTANGIBLE ASSETS, net		8,884,506		8,978,101
OTHER ASSETS, net		21,277		20,866
Total assets	$	28,327,837	$	18,719,854
CURRENT LIABILITIES:
Accounts payable	$	621,104	$	827,209
Accrued expenses:
Salaries and wages		438,469		295,194
Professional fees		731,139		902,411
Other accrued expenses		93,261		42,231
Deferred rent, current portion		69,855		75,144
Total current liabilities		1,953,828		2,142,189
LONG TERM LIABILITIES
Capital lease, net of current portion		27,627		33,915
Deferred rent, net of current portion		9,081		23,763
Total long term liabilities		36,708		57,678
Total liabilities		1,990,536		2,199,867
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock, $.01 par value, 150,000,000 shares authorized,  88,089,121 and 82,903,609 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively		880,891		829,036
Accumulated other comprehensive income (loss)		7,060		(20)
Warrants outstanding		982,444		1,081,050
Additional paid-in capital		293,067,493		276,748,336
Accumulated deficit		(268,600,587)		(262,138,415)
Total shareholders' equity		26,337,301		16,519,987
Total liabilities and shareholders' equity	$	28,327,837	$	18,719,854

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
	March 31,
	2013			2012
Engineering services revenue	$	0	$	0
Cost of sales		0		0
Gross margin		0		0
Research and development expenses		2,365,474		2,038,523
Marketing and selling expenses		396,927		395,358
General and administrative expenses		3,711,817		1,640,716
Total operating expenses		6,474,218		4,074,597
Interest and other income		14,200		6,853
Interest expense		(2,154)		(309)
Total interest and other income and interest expense		12,046		6,544
Net loss		(6,462,172)		(4,068,053)
Other comprehensive income, net of tax:
Unrealized gain on available for sale securities		7,080		10,450
Other comprehensive income, net of tax		7,080		10,450
Comprehensive loss	$	(6,455,092)	$	(4,057,603)
Basic and diluted net loss per common share	$	(0.08)	$	(0.06)

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
		March 31,
		2013		2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(6,462,172)	$	(4,068,053)
Adjustments to reconcile net loss to net cash used in
operating activities:
Depreciation and amortization		308,018		307,366
Share-based compensation		1,759,244		323,116
Realized (gain) loss on available for sale securities		(5,704)		2,183
Changes in operating assets and liabilities:
Prepaid expenses and other assets		(230,130)		155,543
Accounts payable and accrued expenses		(183,945)		213,879
Deferred rent		(19,971)		(17,502)
Total adjustments		1,627,512		984,585
Net cash used in operating activities		(4,834,660)		(3,083,468)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments available for sale		(14,108,394)		(9,035)
Proceeds from sale of investments		4,635,000		3,475,000
Payments for patent costs and other intangible assets		(168,613)		(252,732)
Purchases of property and equipment		(21,953)		(94,644)
Net cash (used in) provided by investing activities		(9,663,960)		3,118,589
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock in public and private
offerings		14,308,428		0
Net proceeds from exercise of options and warrants		204,734		0
Principal payments on capital lease obligation		(5,415)		(7,012)
Net cash provided by (used in) financing activities		14,507,747		(7,012)
NET INCREASE IN CASH AND CASH EQUIVALENTS		9,127		28,109
CASH AND CASH EQUIVALENTS, beginning of period		298,227		213,438
CASH AND CASH EQUIVALENTS, end of period	$	307,354	$	241,547

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.   Our business is expected to include licensing of our intellectual property and/or the sale of integrated circuits based on our technology for incorporation into wireless devices designed by our customers.   In addition, from time to time, we offer engineering consulting and design services to our customers, for a negotiated fee, to assist them in developing prototypes and/or products incorporating our technologies. 

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. 

Our future business plans call for continued investment in sales, marketing, customer support and product development for our technologies and products, as well as investment in continued protection of our intellectual property including prosecution of new patents and defense of existing patents.  Our ability to generate revenues sufficient to offset costs is subject to our ability to successfully support our customers in completing their initial product designs incorporating our technologies, our ability to secure a reasonable share of the market through additional product offerings with our current customers and/or the addition of new customers, and our ability to defend our intellectual property. 

We do not expect that revenue generated from the sale of our RF chipsets in 2013, if any, will be sufficient to cover our operational expenses and we expect that our continued losses and use of cash will be funded from our cash and available for sale securities of $17.8 million at March 31, 2013.  These resources maybe sufficient to support our liquidity requirements through 2013; however, these resources may not be sufficient to support our liquidity requirements for the next twelve months and beyond without further cost containment measures that, if implemented, may jeopardize our future growth plans.  These circumstances raise substantial doubt about our ability to continue as a going concern.   

We believe we may be able to meet future liquidity needs through the issuance of equity securities in public offerings or private placements or through short or long-term debt financing, although there can be no assurance that such financing will be available to us.  We currently have no significant long-term debt obligations.

We operate in a highly competitive industry with rapidly changing and evolving technologies.  Many of our potential competitors have substantially greater financial, technical and other resources.  We have made significant investments in developing our technologies and products, the returns on which are dependent upon the generation of future revenues for realization.  The long-term continuation of our business plan is dependent upon the generation of sufficient revenues from our technologies and products to offset expenses.  In the event that we do not generate sufficient revenues, we will be required to obtain additional funding through public or private financing and/or further reduce operating costs.  Failure to

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generate sufficient revenues, raise additional capital through debt or equity financings, and/or further reduce operating costs could have a material adverse effect on our ability to meet our long-term liquidity needs and achieve our intended long-term business objectives.

3.  Basis of Presentation

The accompanying unaudited financial statements for the period ended March 31, 2013 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 threemonths ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or future years.  All normal and recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the financial condition and results of operations have been included. 

The year-end balance sheet data was derived from audited financial statements, 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, 2012. 

4.   Accounting Policies

There have been no changes in accounting policies from those stated in the Annual Report on Form 10-K for the year ended December 31, 2012.  

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. The weighted average number of common shares outstanding for the three months ended March 31, 2013 and 2012 were 83,347,095 and 67,607,108, respectively.   

Options and warrants to purchase 10,159,596and 10,842,039shares of common stock were outstanding at March 31,  2013 and 2012, respectively.  In addition, unvested restricted stock units (“RSUs”), representing 1,278,842and 1,004,377 shares of common stock, were outstanding at March 31, 2013 and 2012, 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.   Intangible Assets

Intangible assets consist of the following:

	March 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,459,604	$	9,589,146	$	8,870,458
Prepaid licensing fees		574,000		559,952		14,048
	$	19,033,604	$	10,149,098	$	8,884,506

		December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,290,991	$	9,329,438	$	8,961,553
Prepaid licensing fees		574,000		557,452		16,548
	$	18,864,991	$	9,886,890	$	8,978,101

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7.  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, 2012. 

The following table presents share-based compensation expense included in our statements of comprehensive loss for the three months ended March 31, 2013 and 2012, respectively:

	Three months ended
	March 31,
		2013		2012
Research and development expense	$	361,595	$	83,983
Sales and marketing expense		73,666		18,609
General and administrative expense		1,323,983		220,524
Total share-based expense	$	1,759,244	$	323,116

As of March 31, 2013, we had approximately $6.5million 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  2 years. 

In November 2011, we issued 800,000 RSUs  to a consulting firm as a performance incentive in connection with a services agreement. These RSUs 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, 2013 or (ii) thirty days following termination of the related consulting agreement.  The issuance of the RSUs and the underlying shares is exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”).As of March 31, 2013, an aggregate of 500,000 of theseRSUs had vested, including 180,000 RSUs that vested during the three months ended March 31, 2013.  The fair market value of the vested RSUs is measured based on the closing price of our common stock on the date of vesting.  For the three months ended March 31, 2013, we recognized expense related to these RSUs of approximately  $621,000, which is included in the table of share-based compensation above.

8.   Stock Authorization and Issuance

On March 26, 2013, we completed the sale of an aggregate of 4,715,000shares of our common stock, at a price of $3.25per share, in an underwritten offering with Ladenburg Thalmann & Co. Inc. as underwriter.  The offering represented 5.4% of our outstanding common stock on an after-issued basis.  The aggregate net proceeds from this offering, after deduction of placement agent fees and other offering costs, were approximately $14.3million.

The offering was made pursuant to our shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) on September 4, 2012 (File No. 333-183713) which was declared

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effective on September 11, 2012, covering up to $25 million of our securities, and our registration statement on Form S-3 filed with the SEC on March 21, 2013 (File No. 333-187403), which became effective immediately upon filing pursuant to Rule 426(b) under the Securities Act, covering approximately an additional $2.5 million of our securities.  As of March 31, 2013, there were no additional securities available for issuance under the registration statement. 

During the three months ended March 31, 2013, we issued 276,732 shares of our common stock upon the exercise of warrants issued in connection with the sale of equity securities for proceeds of approximately $0.2 million.  These proceeds are included in the accompanying statement of cash flows.

9. 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 March 31, 2013 and December 31, 2012:

			Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2013:
Available for sale securities:
Municipal bond mutual funds	$	17,528,082	$	17,528,082	$	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, 2012:
Available for sale securities:
Municipal bond mutual funds	$	8,041,904	$	8,041,904	$	0	$	0

10.  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 upon advice from outside legal counsel, that the final disposition of such matters will not have a material adverse effect on our financial position, results of operations or liquidity.     

ParkerVision vs. Qualcomm, Inc.

On July 20, 2011, as amended on February 28, 2012, we filed a complaint in the United States District

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Court of the Middle District of Florida against Qualcomm Incorporated (“Qualcomm”) seeking unspecified damages and injunctive relief for infringement of six of our patents related to radio-frequency receivers and the down-conversion of electromagnetic signals (the “Complaint”).  Qualcomm filed an Answer and Counterclaim to our Complaint (the “Counterclaim”) in which Qualcomm denied infringement and alleged invalidity and unenforceability of each of our patents, including claims of patent unenforceability due to alleged inequitable conduct.  Qualcomm also named our long-time patent prosecution counsel, Sterne, Kessler, Goldstein & Fox PLLC (“SKGF”) as a co-defendant in its Counterclaim and further alleged that we aided and abetted SKGF in its alleged breach of fiduciary duty to Qualcomm and tortiously interfered with Qualcomm’s contractual relationship with SKGF.  Qualcomm also filed a motion to dismiss our claims of indirect patent infringement.  In March 2013, the court denied Qualcomm’s motion to dismiss. 

In November 2011, as amended in April 2012, we filed a motion to dismiss Qualcomm’s Counterclaims related to inequitable conduct, aiding and abetting, and tortious interference, and a motion to strike certain of Qualcomm’s affirmative defenses.  SKGF also filed a motion to dismiss Qualcomm’s claims against them.  In November 2012, the court granted SKGF’s motion and dismissed these claims without prejudice; and furthermore, the court abated Qualcomm’s Counterclaims against SKGF such that Qualcomm is unable to file an amended Counterclaim against SKGF until such time that the court lifts the abatement. 

In January 2013, the court dismissed with prejudice two of the three theories Qualcomm asserted in support of its claims of inequitable conduct.  The court also dismissed without prejudice and abated the aiding and abetting and tortious interference claims that related to the claims against SKGF that were dismissed.  Furthermore, Qualcomm’s affirmative defenses of inequitable conduct and unclean hands were stricken by the court.  In April 2013, Qualcomm filed an amended Counterclaim which dropped the remaining claims against us that relate to inequitable conduct. 

The court held a non-adversarial technology tutorial in July 2012 and a claim construction hearing in August 2012 where we and Qualcomm presented our respective arguments for the proposed construction of disputed claim terms.  On February 20, 2013, the court issued its claim construction ruling in which the court adopted our interpretation for approximately ninety percent of the key terms in dispute.

Fact discovery has concluded, with the exception of expert discovery which concludes in May 2013.  The trial is scheduled to begin on October 7, 2013.  At this time, we do not believe it is possible to predict the outcome of these proceedings.

Maxtak Capital Advisors LLC vs. ParkerVision

On December 28, 2011, Maxtak Capital Advisors LLC, Maxtak Partners LP and David Greenbaum (the “Plaintiffs”) filed a complaint in the United States District Court of New Jersey against us, our chief executive officer, Jeffrey Parker and one of our directors, Robert Sterne, alleging common law fraud and negligent misrepresentation of material facts concerning the effectiveness of our technology and our success in securing customers.  The Plaintiffs are seeking unspecified damages, including attorneys’ fees and costs.  On March 3, 2012, we filed a motion to dismiss and a motion to transfer this case to the Middle District of Florida.  In October 2012, the court granted our motion to transfer the case to the Middle District of Florida.  In May 2013, the court denied our motion to dismiss.  Discovery has recently commenced in this case and a trial date has been set for April 1, 2014.  We believe this matter is without merit and we do not anticipate that it will have a material adverse effect on our financial position, results of operations or liquidity.

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

Forward-Looking Statements

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We believe that it is important to communicate our future expectations to our shareholders and to the public.  This 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 report and in future filings by us with the Securities and Exchange Commission (“SEC”), the words or phrases “will likely result”, “management expects”, “we expect”, “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, 2012 (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.

Overview

We are in the business of innovating fundamental wireless technologies.   We design, develop and market our proprietary RF technologies and products for use in semiconductor circuits for wireless communication products.   Since 2005, we have generated no product or royalty revenue from our wireless technologies.  We have made significant investments in developing and protecting our technologies and products, the returns on which are dependent upon the generation of future revenues for realization. 

We are currently engaged in patent litigation with Qualcomm for their alleged infringement of a number of our patents that relate to our receiver intellectual property.  We believe the outcome of this litigation is an important factor in our ability to generate meaningful revenue from certain of our receiver technologies. Therefore, we have devoted substantial resources to this litigation, and expect to continue to do so in the foreseeable future.  The trial is scheduled to begin in October 2013.   Although our litigation team is working on a partial contingency basis, we expect to incur significant costs for legal and expert fees related to this litigation in 2013 and possibly beyond.

We have also devoted substantial resources to the development of RF products that interface with VIA Telecom Inc.’s (“VIA’s”) baseband processors.   In March 2013, we entered into a development agreement with VIA for the development and support of drivers between VIA’s baseband products and our RF chipsets and the ongoing support and maintenance of the custom interfaces between our products. We anticipate that we will pay VIA an aggregate of approximately $1.3 million under this agreement in 2013, provided that VIA meets all of the future development milestones specified in the agreement.  We have been working with VIA and a mutual customer since 2011 on the design and test of a mobile handset solution using our RF chipset.  We believe our recent development agreement with VIA will provide the product integration and support necessary to incorporate our RF chipsets into one or more of the mutual customer’s mobile products.  In the event we secure product orders for our RF chipsets, we expect that available working capital will be used for initial production start-up costs, including test programs and production tooling.

Liquidity and Capital Resources

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On March 26, 2013, we completed the sale of an aggregate of 4,715,000shares of our common stock, at a price of $3.25per share, under a shelf registration statement (File No. 333-183713) and a Rule 426(b) registration statement (File No. 333-187403), in an underwritten offering with Ladenburg Thalmann & Co. Inc. who acted as underwriter.  The offering represented 5.4% of our outstanding common stock on an after-issued basis.  The aggregate net proceeds from this offering, after deduction of placement agent fees and other offering costs, were approximately $14.3million.

As of March 31, 2013, we had working capital of approximately $17.1 million which represented an increase of approximately $9.9 million from working capital at December 31, 2012.  This increase in working capital is a result of approximately $14.3 million in net proceeds from the March 2013 offering and $0.2 million in proceeds from the exercise of stock options and warrants, less $4.8 million to fund operations and $0.2 million used for patents and fixed assets during the three months ended March 31, 2013.   Our use of cash to fund operations increased approximately $1.8 million, or 57%, during the three months ended March 31, 2013when compared to the same period in 2012.  This increase in use of cash is primarily the result of an increase inlitigation related fees and expenses. 

Our future business plans call for continued investment in sales, marketing, customer support and product development for our technologies and products, as well as investment in continued protection of our intellectual property,  including the prosecution of new patents and defense of existing patents.  Our ability to generate revenues sufficient to offset costs is subject to our ability to successfully support our customers in completing their initial product designs incorporating our technologies, our ability to secure a reasonable share of the market through additional product offerings with our customers, our ability to secure new customers for our products or technologies, and/or our ability to defend our intellectual property. 

Any revenue generated from the sale of our RF chipsets in 2013will not be sufficient to cover our operational expenses, and we expect that our continued losses and use of cash will be funded from our available working capital.  In addition, we expect that available working capital may be used for initial production start-up costs, including test programs and production tooling, and for continued litigation expenses to defend our intellectual property.

Our current capital resources may be sufficient to support our liquidity requirements through 2013; however, these resources may not be sufficient to support our liquidity requirements for the next twelve months and beyond without further cost containment measures that, if implemented, may jeopardize our future growth plans, including our ability to support initial production of our products.  We believe we may be able to meet future liquidity needs through the issuance of equity securities in public offerings or private placements or through short or long-term debt financing, although there can be no assurance that such financing will be available to us.  We currently have no significant long-term debt obligations.

The long-term continuation of our business plan through 2013 and beyond is dependent upon the generation of sufficient revenues from our technologies and products to offset expenses.  In the event that we do not generate sufficient revenues, we will be required to obtain additional funding through public or private financing and/or further reduce operating costs.  Failure to generate sufficient revenues, raise additional capital through debt or equity financings, and/or further reduce operating costs could have a material adverse effect on our ability to meet our long-term liquidity needs and achieve our intended long-term business objectives.  

Results of Operations for Each of the Three Months Ended March 31, 2013 and 2012

Revenue and Gross Margin

We had no product or royalty revenue for the three months ended March 31, 2013 or 2012.  We have been working with one of VIA’s largest mobile handset customers on the design and test of a handset solution

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incorporating our technology, the successful completion of which, we believe, will lead to the incorporation of our technology into one or more of this customer’s products.  To the extent that our technology is incorporated in the form of integrated circuits supplied by us, additional working capital may be needed to support production start-up costs including test programs and production tooling.

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 increased approximately $327,000, or 16%, during the three months ended March 31, 2013 when compared to the same period in 2012.   This increase is primarily due to an increase in share-based compensation expense of approximately $278,000 as a result of long-term incentive equity awards granted to engineering executives and employees in July 2012.  In addition, prototype production costs increased approximately $156,000 as a result of ongoing improvements to our integrated circuits. 

We expect a significant percentage of our current working capital will continue to be invested in our research and product development activities. However, cash expenditures for research and product development activities will fluctuate on a quarter to quarter basis depending on the timing of various projects. 

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.  Marketing and selling expenses changed by less than 1%during the three months ended March 31, 2013 when compared to the same period in 2012. 

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. 

General and administrative expenses increased approximately $2,071,000, or 126%, during the three months ended March 31, 2013 when compared to the same period in 2012.  This increase is primarily due to an increase in share-based compensation expense of approximately $1,103,000 and an increase in outside legal fees of approximately $852,000.

This increase in outside legal fees is primarily the result of fees and other expenses related to our patent infringement litigation against Qualcomm.  The increase in share-based compensation expense is the result of long-term equity incentive awards granted to executive, other administrative employees, and outside directors in July 2012 as well as the recognition of approximately $621,000 of expense recognized upon the March 2013 vesting of performance based RSUs issued to a third-party in 2011. 

13

Net Loss and Net Loss per Common Share

Our net loss increased approximately $2,394,000, or 59%, during the three months ended March 31, 2013 when compared to the same period in 2012.  This increase is primarily the result of a $1,436,000 increase in total company share-based compensation expense along with an $852,000 increase in outside legal fees, primarily related to our patent infringement litigation. 

On a per share basis, our net loss for the three months ended March 31, 2013 increased $0.02, or 33% per common share when compared to the same period in 2012 as a result of a$2,400,000, or 59% increase in operating expenses, offset by a 23% increase in the weighted average shares outstanding for the period.

Off-Balance Sheet Transactions, Arrangements and Other Relationships

As of March 31, 2013, we had outstanding warrants to purchase 2,331,179 shares of common stock that were issued in connection with the sale of equity securities in various public and private placement transactions in 2009, 2010, and 2011. These warrants have exercise prices ranging from $0.54 to $1.88 per share, with a weighted average exercise price of $0.80 and a weighted average remaining contractual life of approximately 2.4 years.  The estimated fair value of these warrants of $982,444 is included in shareholders’ equity in our balance sheets. 

Critical Accounting Policies

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

ITEM 3.  Quantitative and Qualitative Disclosures About Market Risk. 

For the three months ended March 31, 2013, 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 March 31,  2013, 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 March 31, 2013.  

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(e) 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.

PART II - OTHER INFORMATION

ITEM 1.  Legal Proceedings.

Reference is made to the section entitled “Legal Proceedings” in Note 10 to our unaudited financial statements for a discussion of current legal proceedings, which discussion is incorporated herein by reference. 

14

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 May 9, 2013, we issued a press release announcing our results of operations and financial condition for the three months ended March 31, 2013.  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.

Our 2013 annual meeting of shareholders will be held on July 10, 2013.  The record date for the Annual Meeting will be May 14, 2013. Despite advancing our annual meeting date by more than 30 days from the anniversary of our 2012 annual meeting, we determined not to advance the deadline for submitting proposals to be included in our proxy materials relating to the 2013 annual meeting pursuant to Rule 14a-8, which remained April 18, 2013. We also determined not to advance the deadline under our bylaws for notice of any business to be brought before the 2013 annual meeting by a shareholder (even if the shareholder did not intend to include such business in our proxy materials) or for notice of any nominations for director by a shareholder, both of which also remained April 18, 2013. No shareholder proposals for inclusion in our proxy materials, notices of business to be brought before the meeting or notices of nominations for director were received by such date.

ITEM 6.  Exhibits.

1.1	Underwriting Agreement, dated March 21, 2013, between Registrant and Ladenburg Thalmann & Co. Inc. (incorporated by reference from Exhibit 1.1 of Current Report on Form 8-K filed March 21, 2013)
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)
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)
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*

15

*Included herewith

16

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

May 9, 2013	By:/s/ Jeffrey L. Parker
	Jeffrey L. Parker
	Chairman and Chief Executive Officer
	(Principal Executive Officer)

May 9, 2013	By:/s/ Cynthia L. Poehlman
	Cynthia L. Poehlman
	Chief Financial Officer
	(Principal Financial Officer and Principal
	Accounting Officer)

17

EXHIBIT INDEX

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

18

19

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.

Date: May 9, 2013	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: May 9, 2013	Name:/s/Cynthia L. Poehlman
	Title: Chief Financial Officer (Principal Financial and 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 ended March 31, 2013 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.

Dated: May 9, 2013	Name:/s/ Jeffrey L. Parker
	Title: Chief Executive Officer (Principal
	Executive Officer)

Dated: May 9, 2013	Name:/s/ Cynthia L. Poehlman
	Title: Chief Financial Officer  (Principal
	Financial and Accounting Officer)

EX-99.1

                                                                      NEWS RELEASE

For Immediate Release:

PARKERVISION REPORTS FIRST QUARTER 2013 RESULTS

Management to Host Conference Call and Webcast Today at 4:30 PM

JACKSONVILLE, Fla., May 9, 2013  –ParkerVision, Inc. (Nasdaq: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced results for the three months ended March 31, 2013.

First Quarter 2013 Business Highlights and Recent Developments

· Awarded four new U.S. and five new foreign patents in the first quarter of 2013.  As of March 31, 2013, the Company held 220total U.S. and foreign patents and had approximately 50 additional patent applications pending.

· Continued working in close collaboration with the Company’sbaseband partner under the terms of the new development agreement. The companies are currently working on the integration of a RF chipset solution into phone boards for an Asia-based mobile handset OEM.

· On February 20, 2013, the United States District Court for the Middle District of Florida issued its Markman order, or claim construction ruling, in ParkerVision’s patent infringement litigation against Qualcomm.In this ruling, the court adopted more than 90% of ParkerVision’s proposed definitions for disputed terms and adopted none of Qualcomm’s proposed definitions.

· All of Qualcomm’s counterclaims of patent unenforceability due to alleged inequitable conduct were dismissed by the court in a January 22, 2013 ruling,ordropped by Qualcommin its amended response and counterclaim filed on April  11, 2013.

Jeffrey Parker, Chairman and Chief Executive Officer, commented, “In the first few months of 2013, we continued to advance our chip development program and are currently working closely with our baseband partner to showcase a complete RF and baseband chipset solution that meets the requirements of our mutual OEM customer.  In addition, we are continuing to explore potential business opportunities for our growing innovations and related patent portfolio.

“We also continued to make significant progress in our patent infringement litigation against Qualcomm.  Our team of litigators and experts havereviewed and assessed all of the prior art claims put forth by Qualcomm in support of their invalidity arguments.We remain confident that none of the prior art cited by Qualcommcontemplatesour invention and look forward to proving this in court,” said Mr. Parker. 

First Quarter 2013 Financial Results

· Net loss for the first quarter of 2013 was $6.5 million, or $0.08 per common share, as compared to a net loss of $4.1 million, or $0.06 per common share for first quarter of 2012.

· Cash used in the first quarter of 2013 was approximately $5 million as compared to $3.4 million during the first quarter of 2012.  Cash use in the first quarter of 2013 included $4.8 million for operations and $0.2 million invested in patents and other long-lived assets.

· The Company received  $14.3 million in net proceeds from the March 2013 sale of 4.7 million shares of common stock at $3.25 per share in an underwritten offering.

· Cash and available for sale securities as of March 31, 2013totaled$17.8 million.

The increase in net loss for the three months ended March 31, 2013, when compared to the same period in 2012, was primarily the result of a $0.9 million increase in legal fees, primarily related to litigation, and a $1.4 million increase in non-cash share-based compensation expense. 

Conference Call

The Company will host a conference call and webcast on Thursday, May 9, 2013 at 4:30 p.m. Eastern to review its first quarter 2013 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 call 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 RF technologies which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida.  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, 2012 and the Form 10Q for the quarter ended March 31, 2013. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

(TABLES FOLLOW)

ParkerVision, Inc.

Summary of Results of Operations (unaudited)

	Three Months Ended
(in thousands, except per share amounts)	March 31,
	2013		2012
Service revenue	$	-	$	-
Cost of sales		-		-
Gross margin		-		-
Research and development expenses		2,365		2,039
Marketing and selling expenses		397		395
General and administrative expenses		3,712		1,641
Total operating expenses		6,474		4,075
Interest and other income and interest expense		12		7
Net loss	$	(6,462)	$	(4,068)
Basic and diluted net loss per common share	$	(0.08)	$	(0.06)
Weighted average shares outstanding		83,347		67,607

Balance Sheet Highlights

Balance Sheet Highlights (in thousands)
	March 31,		December 31,
	(unaudited)		2012
Cash and available for sale securities	$	17,835	$	8,340
Prepaid and other current assets		1,207		977
Property and equipment, net		380		404
Intangible assets, net		8,885		8,978
Other assets		21		21
Total assets		28,328		18,720
Current liabilities		1,954		2,142
Long term liabilities		37		58
Shareholders’ equity		26,337		16,520
Total liabilities and shareholders’ equity	$	28,328	$	18,720

Contact:
Cindy Poehlman		Ron Stabiner
Chief Financial Officer	or	Vice President
ParkerVision, Inc.		The Wall Street Group, Inc.
904-732-6100,		212-888-4848,

###

XML

Accounting Policies

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Accounting Policies

4.   Accounting Policies

There have been no changes in accounting policies from those stated in the Annual Report on Form 10-K for the year ended December 31, 2012.  

XML

Basis Of Presentation

3 Months Ended

Mar. 31, 2013

Organization Consolidation And Presentation Of Financial Statements Abstract

Basis Of Presentation

3.  Basis of Presentation

The accompanying unaudited financial statements for the period ended March 31, 2013 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 months ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or future years.  All normal and recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the financial condition and results of operations have been included. 

The year-end balance sheet data was derived from audited financial statements, 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, 2012. 

XML

Balance Sheets (USD $)	Mar. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents	$ 307,354	$ 298,227
Available for sale securities	17,528,082	8,041,904
Prepaid expenses and other	1,207,029	977,310
Total current assets	19,042,465	9,317,441
PROPERTY AND EQUIPMENT, net	379,589	403,446
INTANGIBLE ASSETS, net	8,884,506	8,978,101
OTHER ASSETS, net	21,277	20,866
Total assets	28,327,837	18,719,854
CURRENT LIABILITIES:
Accounts payable	621,104	827,209
Accrued expenses:
Salaries and wages	438,469	295,194
Professional fees	731,139	902,411
Other accrued expenses	93,261	42,231
Deferred rent, current portion	69,855	75,144
Total current liabilities	1,953,828	2,142,189
LONG TERM LIABILITES
Captial lease, net of current portion	27,627	33,915
Deferred rent, net of current portion	9,081	23,763
Total long term liabilities	36,708	57,678
Total liabilities	1,990,536	2,199,867
SHAREHOLDERS' EQUITY:
Common stock, $.01 par value, 100,000,000 shares authorized, 88,089,121 and 82,903,609 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	880,891	829,036
Accumulated other comprehensive income (loss)	7,060	(20)
Warrants outstanding	982,444	1,081,050
Additional paid-in capital	293,067,493	276,748,336
Accumulated deficit	(268,600,587)	(262,138,415)
Total shareholders' equity	26,337,301	16,519,987
Total liabilities and shareholders' equity	$ 28,327,837	$ 18,719,854

XML

Description Of Business

3 Months Ended

Mar. 31, 2013

Organization Consolidation And Presentation Of Financial Statements 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.   Our business is expected to include licensing of our intellectual property and/or the sale of integrated circuits based on our technology for incorporation into wireless devices designed by our customers.   In addition, from time to time, we offer engineering consulting and design services to our customers, for a negotiated fee, to assist them in developing prototypes and/or products incorporating our technologies. 

XML

Share Based Compensation And Warrants (Schedule Of Share-Based Compensation Expense Included In Statements Of Operations) (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 1,759,244	$ 323,116
Research And Development Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	361,595	83,983
Sales And Marketing Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	73,666	18,609
General And Administrative Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 1,323,983	$ 220,524

XML

Fair Value Measurements (Schedule Of Assets Measured At Fair Value On A Recurring Basis) (Details) (Municipal Bond Mutual Funds [Member], Available For Sale Securities [Member], USD $)	Mar. 31, 2013	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on a recurring basis	$ 17,528,082	$ 8,041,904
Quoted Prices In Active Markets (Level 1) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on a recurring basis	17,528,082	8,041,904
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured at fair value on a recurring basis

XML

Liquidity And Going Concern

3 Months Ended

Mar. 31, 2013

Liquity 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. 

Our future business plans call for continued investment in sales, marketing, customer support and product development for our technologies and products, as well as investment in continued protection of our intellectual property including prosecution of new patents and defense of existing patents.  Our ability to generate revenues sufficient to offset costs is subject to our ability to successfully support our customers in completing their initial product designs incorporating our technologies, our ability to secure a reasonable share of the market through additional product offerings with our current customers and/or the addition of new customers, and our ability to defend our intellectual property. 

We do not expect that revenue generated from the sale of our RF chipsets in 2013, if any, will be sufficient to cover our operational expenses and we expect that our continued losses and use of cash will be funded from our cash and available for sale securities of $17.8 million at March 31, 2013.  These resources may be sufficient to support our liquidity requirements through 2013; however, these resources may not be sufficient to support our liquidity requirements for the next twelve months and beyond without further cost containment measures that, if implemented, may jeopardize our future growth plans.  These circumstances raise substantial doubt about our ability to continue as a going concern.   

We believe we may be able to meet future liquidity needs through the issuance of equity securities in public offerings or private placements or through short or long-term debt financing, although there can be no assurance that such financing will be available to us.  We currently have no significant long-term debt obligations.

We operate in a highly competitive industry with rapidly changing and evolving technologies.  Many of our potential competitors have substantially greater financial, technical and other resources.  We have made significant investments in developing our technologies and products, the returns on which are dependent upon the generation of future revenues for realization.  The long-term continuation of our business plan is dependent upon the generation of sufficient revenues from our technologies and products to offset expenses.  In the event that we do not generate sufficient revenues, we will be required to obtain additional funding through public or private financing and/or further reduce operating costs.  Failure to generate sufficient revenues, raise additional capital through debt or equity financings, and/or further reduce operating costs could have a material adverse effect on our ability to meet our long-term liquidity needs and achieve our intended long-term business objectives.

XML

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2013	Dec. 31, 2012
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	88,089,121	82,903,609
Common stock, shares outstanding	88,089,121	82,903,609

XML

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Share-Based Compensation [Abstract]

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

	Three months ended
	March 31,
		2013		2012
Research and development expense	$	361,595	$	83,983
Sales and marketing expense		73,666		18,609
General and administrative expense		1,323,983		220,524
Total share-based expense	$	1,759,244	$	323,116

XML

Document And Entity Information	3 Months Ended
	Mar. 31, 2013	May 01, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
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	2013
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		88,387,682
Trading Symbol	prkr

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Liquidity And Going Concern (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013
Organization Consolidation And Presentation Of Financial Statements Abstract
Cash, cash equivalents, and available for sale securities	$ 17.8

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Statements Of Operations And Comprehensive Losses (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Statements Of Operations And Comprehensive Losses [Abstract]
Engineering services revenue	$ 0	$ 0
Cost of sales	0	0
Gross margin	0	0
Research and development expenses	2,365,474	2,038,523
Marketing and selling expenses	396,927	395,358
General and administrative expenses	3,711,817	1,640,716
Total operating expenses	6,474,218	4,074,597
Interest and other income	14,200	6,853
Interest expense	(2,154)	(309)
Total interest and other income and interest expense	12,046	6,544
Net loss	(6,462,172)	(4,068,053)
Unrealized gain on available for sale securities	7,080	10,450
Other comprehensive income, net of tax	7,080	10,450
Comprehensive loss	$ (6,455,092)	$ (4,057,603)
Basic and diluted net loss per common share	$ (0.08)	$ (0.06)

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Share-Based Compensation

3 Months Ended

Mar. 31, 2013

Share-Based Compensation [Abstract]

Share-Based Compensation

7.  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, 2012. 

The following table presents share-based compensation expense included in our statements of comprehensive loss for the three months ended March 31, 2013 and 2012, respectively:

	Three months ended
	March 31,
		2013		2012
Research and development expense	$	361,595	$	83,983
Sales and marketing expense		73,666		18,609
General and administrative expense		1,323,983		220,524
Total share-based expense	$	1,759,244	$	323,116

As of March 31, 2013, we had approximately $6.5million 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  2years. 

In November 2011, we issued 800,000 RSUs  to a consulting firm as a performance incentive in connection with a services agreement. These RSUs 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, 2013 or (ii) thirty days following termination of the related consulting agreement.  The issuance of the RSUs and the underlying shares is exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”).As of March 31, 2013, an aggregate of 500,000 of theseRSUs had vested, including 180,000 RSUs that vested during the three months ended March 31, 2013.  The fair market value of the vested RSUs is measured based on the closing price of our common stock on the date of vesting.  For the three months ended March 31, 2013, we recognized expense related to these RSUs of approximately  $621,000, which is included in the table of share-based compensation above.

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Intangible Assets

3 Months Ended

Mar. 31, 2013

Intangible Assets [Abstract]

Intangible Assets

6.   Intangible Assets

Intangible assets consist of the following:

	March 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,459,604	$	9,589,146	$	8,870,458
Prepaid licensing fees		574,000		559,952		14,048
	$	19,033,604	$	10,149,098	$	8,884,506

		December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,290,991	$	9,329,438	$	8,961,553
Prepaid licensing fees		574,000		557,452		16,548
	$	18,864,991	$	9,886,890	$	8,978,101

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Stock Authorization And Issuance (Details) (USD $)	3 Months Ended					0 Months Ended	1 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 21, 2013	Dec. 31, 2012	Sep. 04, 2012	Mar. 26, 2013 September 2012 Shelf [Member]	Sep. 30, 2012 September 2012 Shelf [Member]
Stock Authorization And Issuance [Line Items]
Securities offering effective date							Sep. 11, 2012
Sale of common stock, number of shares	88,089,121			82,903,609		4,715,000
Sale of stock price per share						$ 3.25
Percentage of outstanding common stock on an after-issued basis						5.40%
Net proceeds from issuance of common stock in public and private offerings	$ 14,308,428	$ 0				$ 14,300,000
Shares of common stock issued upon exercise of warrants	276,732
Proceeds from warrants exercised	200,000
Common stock, shares authorized	150,000,000			150,000,000
Value of securities covered in public offering			$ 2,500,000		$ 25,000,000

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Loss Per Common Share (Details)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average number of shares outstanding	83,347,095.00	67,607,108.00
Options And Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options excluded from the computation of diluted loss per share	10,159,596	10,842,039
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options excluded from the computation of diluted loss per share	1,278,842	1,004,377

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Commitments And Contingencies

3 Months Ended

Mar. 31, 2013

Commitments And Contingencies [Abstract]

Commitments And Contingencies

10.  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 upon advice from outside legal counsel, that the final disposition of such matters will not have a material adverse effect on our financial position, results of operations or liquidity.     

ParkerVision vs. Qualcomm, Inc.

On July 20, 2011, as amended on February 28, 2012, we filed a complaint in the United States District Court of the Middle District of Florida against Qualcomm Incorporated (“Qualcomm”) seeking unspecified damages and injunctive relief for infringement of six of our patents related to radio-frequency receivers and the down-conversion of electromagnetic signals (the “Complaint”).  Qualcomm filed an Answer and Counterclaim to our Complaint (the “Counterclaim”) in which Qualcomm denied infringement and alleged invalidity and unenforceability of each of our patents, including claims of patent unenforceability due to alleged inequitable conduct.  Qualcomm also named our long-time patent prosecution counsel, Sterne, Kessler, Goldstein & Fox PLLC (“SKGF”) as a co-defendant in its Counterclaim and further alleged that we aided and abetted SKGF in its alleged breach of fiduciary duty to Qualcomm and tortiously interfered with Qualcomm’s contractual relationship with SKGF.  Qualcomm also filed a motion to dismiss our claims of indirect patent infringement.  In March 2013, the court denied Qualcomm’s motion to dismiss. 

In November 2011, as amended in April 2012, we filed a motion to dismiss Qualcomm’s Counterclaims related to inequitable conduct, aiding and abetting, and tortious interference, and a motion to strike certain of Qualcomm’s affirmative defenses.  SKGF also filed a motion to dismiss Qualcomm’s claims against them.  In November 2012, the court granted SKGF’s motion and dismissed these claims without prejudice; and furthermore, the court abated Qualcomm’s Counterclaims against SKGF such that Qualcomm is unable to file an amended Counterclaim against SKGF until such time that the court lifts the abatement. 

In January 2013, the court dismissed with prejudice two of the three theories Qualcomm asserted in support of its claims of inequitable conduct.  The court also dismissed without prejudice and abated the aiding and abetting and tortious interference claims that related to the claims against SKGF that were dismissed.  Furthermore, Qualcomm’s affirmative defenses of inequitable conduct and unclean hands were stricken by the court.  In April 2013, Qualcomm filed an amended Counterclaim which dropped the remaining claims against us that relate to inequitable conduct. 

The court held a non-adversarial technology tutorial in July 2012 and a claim construction hearing in August 2012 where we and Qualcomm presented our respective arguments for the proposed construction of disputed claim terms.  On February 20, 2013, the court issued its claim construction ruling in which the court adopted our interpretation for approximately ninety percent of the key terms in dispute.

Fact discovery has concluded, with the exception of expert discovery which concludes in May 2013.  The trial is scheduled to begin on October 7, 2013.  At this time, we do not believe it is possible to predict the outcome of these proceedings.

Maxtak Capital Advisors LLC vs. ParkerVision

On December 28, 2011, Maxtak Capital Advisors LLC, Maxtak Partners LP and David Greenbaum (the “Plaintiffs”) filed a complaint in the United States District Court of New Jersey against us, our chief executive officer, Jeffrey Parker and one of our directors, Robert Sterne, alleging common law fraud and negligent misrepresentation of material facts concerning the effectiveness of our technology and our success in securing customers.  The Plaintiffs are seeking unspecified damages, including attorneys’ fees and costs.  On March 3, 2012, we filed a motion to dismiss and a motion to transfer this case to the Middle District of Florida.  In October 2012, the court granted our motion to transfer the case to the Middle District of Florida.  In May 2013, the court denied our motion to dismiss.  Discovery has recently commenced in this case and a trial date has been set for April 1, 2014.  We believe this matter is without merit and we do not anticipate that it will have a material adverse effect on our financial position, results of operations or liquidity.

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Stock Authorization And Issuance

3 Months Ended

Mar. 31, 2013

Stock Authorization And Issuance [Abstract]

Stock Authorization And Issuance

8.   Stock Authorization and Issuance

On March 26, 2013, we completed the sale of an aggregate of 4,715,000shares of our common stock, at a price of $3.25per share, in an underwritten offering with Ladenburg Thalmann & Co. Inc. as underwriter.  The offering represented 5.4% of our outstanding common stock on an after-issued basis.  The aggregate net proceeds from this offering, after deduction of placement agent fees and other offering costs, were approximately $14.3million.

The offering was made pursuant to our shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) on September 4, 2012 (File No. 333-183713) which was declared effective on September 11, 2012, covering up to $25 million of our securities, and our registration statement on Form S-3 filed with the SEC on March 21, 2013 (File No. 333-187403), which became effective immediately upon filing pursuant to Rule 426(b) under the Securities Act, covering approximately an additional $2.5 million of our securities.  As of March 31, 2013, there were no additional securities available for issuance under the registration statement. 

During the three months ended March 31, 2013, we issued 276,732 shares of our common stock upon the exercise of warrants issued in connection with the sale of equity securities for proceeds of approximately $0.2 million.  These proceeds are included in the accompanying statement of cash flows.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements

9. 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 March 31, 2013 and December 31, 2012:

			Fair Value Measurements
		Total		Quoted Prices in Active Markets  (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2013:
Available for sale securities:
Municipal bond mutual funds	$	17,528,082	$	17,528,082	$	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, 2012:
Available for sale securities:
Municipal bond mutual funds	$	8,041,904	$	8,041,904	$	0	$	0

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Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2013

Intangible Assets [Abstract]

Schedule Of Intangible Assets

	March 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,459,604	$	9,589,146	$	8,870,458
Prepaid licensing fees		574,000		559,952		14,048
	$	19,033,604	$	10,149,098	$	8,884,506

		December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Patents and copyrights	$	18,290,991	$	9,329,438	$	8,961,553
Prepaid licensing fees		574,000		557,452		16,548
	$	18,864,991	$	9,886,890	$	8,978,101

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Share Based Compensation And Warrants (Narrative) (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 Restricted Stock Units (RSUs) [Member]	Nov. 30, 2011 Consulting Firm [Member] Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, net of estimated forfeitures	$ 6,500,000
Expected weighted average period to recognize the compensation cost, in years	1 year 8 months 12 days
Fair market value of vested shares		$ 621,000
Vested in period		180,000
Awards vested at end of period		500,000
RSUs issued to consulting firm			800,000

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Statements Of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (6,462,172)	$ (4,068,053)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	308,018	307,366
Share-based compensation	1,759,244	323,116
Realized (gain) loss on available for sale securities	(5,704)	2,183
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(230,130)	155,543
Accounts payable and accrued expenses	(183,945)	213,879
Deferred rent	(19,971)	(17,502)
Total adjustments	1,627,512	984,585
Net cash used in operating activities	(4,834,660)	(3,083,468)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments available for sale	(14,108,394)	(9,035)
Proceeds from sale of investments	4,635,000	3,475,000
Payments for patent costs and other intangible assets	(168,613)	(252,732)
Purchases of property and equipment	(21,953)	(94,644)
Net cash used in investing activities	(9,663,960)	3,118,589
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock in public and private offerings	14,308,428	0
Net proceeds from exercise of options and warrants	204,734	0
Principal payments on capital lease obligation	(5,415)	(7,012)
Net cash provided by financing activities	14,507,747	(7,012)
NET INCREASE IN CASH AND CASH EQUIVALENTS	9,127	28,109
CASH AND CASH EQUIVALENTS, beginning of period	298,227	213,438
CASH AND CASH EQUIVALENTS, end of period	$ 307,354	$ 241,547

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Loss Per Common Share

3 Months Ended

Mar. 31, 2013

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. The weighted average number of common shares outstanding for the three months ended March 31, 2013 and 2012 were 83,347,095 and 67,607,108, respectively.   

Options and warrants to purchase 10,159,596and 10,842,039shares of common stock were outstanding at March 31,  2013 and 2012, respectively.  In addition, unvested restricted stock units (“RSUs”), representing 1,278,842and 1,004,377 shares of common stock, were outstanding at March 31, 2013 and 2012, 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 (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 19,033,604	$ 18,864,991
Accumulated Amortization	10,149,098	9,886,890
Net Book Value	8,884,506	8,978,101
Patents And Copyrights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18,459,604	18,290,991
Accumulated Amortization	9,589,146	9,329,438
Net Book Value	8,870,458	8,961,553
Prepaid Licensing Fees [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	574,000	574,000
Accumulated Amortization	559,952	557,452
Net Book Value	$ 14,048	$ 16,548