UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 4.01 | Changes in Registrant's Certifying Accountant. |
(b) Engagement of Grassi & Co., CPAs, P.C.. On December 12, 2024, the Audit Committee of Network-1 Technologies, Inc. (“Network-1”) engaged Grassi & Co., CPAs, P.C.(“Grassi”) as the Company's independent registered public accounting firm for the years ended December 31, 2024 and December 31,2025, effective immediately. On November 13, 2024, Marcum LLP resigned as Network-1’s independent registered public accounting firm due to a conflict of interest related to services performed by CBIZ, Inc., which recently acquired Marcum, LLP( see Network-1’s Current Report on Form 8-K filed on November 14, 2024).
During the fiscal years ended December 31, 2023 and December 31, 2022 and the subsequent interim period through December 12, 2024, neither Network-1 nor anyone on its behalf consulted with Grassi regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on Network-1’s financial statements, and neither a written report or oral advice was provided that Grassi concluded was an important factor considered by Network-1 in reaching a decision as to any accounting, auditing or financial reporting issue or (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K or a reportable event within the meaning of Item 304 (a)(1)(v) of Regulation S-K.
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SIGNATURE
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 hereunto duly authorized.
| NETWORK-1 TECHNOLOGIES, INC. | ||
| Dated: December 13, 2024 | By: | /s/ Corey M. Horowitz |
Name: Corey M. Horowitz Title: Chairman and Chief Executive Officer |
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