Competitive Technologies Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net loss for the quarter ended March 31, 2014 decreased to $726,000 or $0.04 per basic and diluted share as compared with a net loss of $782,000 or $0.05 per basic and diluted share for the quarter ended March 31, 2013. The net loss for the quarter ended March 31, 2014 includes a non-recurring expense of $132,000 related to the settlement of the Tonaquint note and warrant.

Net cash used in operating activities was $212,183 against $519,638 a year ago. Purchase of property and equipment was $3,078. Total other revenue was $6,425 against $62,055 a year ago.