Network-1 Technologies, Inc.

Financials

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 13,402,000 $ 13,145,000
Marketable securities, at fair value 23,467,000 27,455,000
Other current assets 237,000 232,000
  Total Current Assets 37,106,000 40,832,000
  OTHER ASSETS:    
Patents, net of accumulated amortization 1,479,000 1,205,000
Equity method investment 1,734,000 3,337,000
Operating leases right of use asset 27,000
Security deposits 13,000 13,000
  Total Other Assets 3,226,000 4,582,000
  TOTAL ASSETS 40,332,000 45,414,000
CURRENT LIABILITIES:    
Accounts payable 253,000 203,000
Accrued payroll 289,000 292,000
Other accrued expenses 228,000 247,000
Operating lease obligations 24,000
Total Current Liabilities 770,000 766,000
LONG TERM LIABILITIES:    
Deferred tax liability 337,000
  TOTAL LIABILITIES 770,000 1,103,000
COMMITMENTS AND CONTINGENCIES (See Note I)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 10,000,000 shares; none issued and outstanding at December 31, 2025 and December 31, 2024
  Common stock, $0.01 par value; authorized 50,000,000 shares; 22,824,009 and 22,961,619 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 228,000 229,000
  Additional paid-in capital 63,426,000 65,455,000
Accumulated deficit (24,092,000) (21,373,000)
TOTAL STOCKHOLDERS’ EQUITY 39,562,000 44,311,000
  TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 40,332,000 $ 45,414,000

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v3.25.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
REVENUE $ 150,000 $ 100,000
OPERATING EXPENSES:    
Costs of revenue 42,000 28,000
Professional fees and related costs 788,000 959,000
General and administrative 2,485,000 2,614,000
Amortization of patents 141,000 120,000
TOTAL OPERATING EXPENSES 3,456,000 3,721,000
OPERATING LOSS (3,306,000) (3,621,000)
  OTHER INCOME    
Interest and dividend income, net 1,844,000 1,897,000
Net realized and unrealized gain on marketable securities 277,000 177,000
Total other income, net 2,121,000 2,074,000
LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (1,185,000) (1,547,000)
INCOME TAXES PROVISION:    
Current (31,000)
Deferred taxes, net (337,000) (425,000)
Total income taxes benefit (368,000) (425,000)
  LOSS BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: (817,000) (1,122,000)
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE (1,603,000) (1,912,000)
  NET LOSS $ (2,420,000) $ (3,034,000)
Net Loss Per Share:    
Basic $ (0.11) $ (0.13)
Diluted $ (0.11) $ (0.13)
Weighted average common shares outstanding:    
Basic 22,848,402 23,250,224
Diluted 22,848,402 23,250,224
  Cash dividends declared per share $ 0.10 $ 0.10

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v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,420,000) $ (3,034,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of patents 141,000 120,000
Stock-based compensation 307,000 399,000
Loss allocated from equity investment 1,603,000 1,912,000
Deferred tax benefit (337,000) (425,000)
Amortization of right of use asset, net 27,000 64,000
Unrealized (gain) loss on marketable securities (149,000) 67,000
  Changes in operating assets and liabilities:    
Other current assets (5,000) (26,000)
Accounts payable 50,000 79,000
Operating lease obligations (24,000) (74,000)
Accrued expenses (62,000) (158,000)
NET CASH USED IN OPERATING ACTIVITIES (869,000) (1,076,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sales of marketable securities 16,157,000 15,250,000
Purchases of marketable securities (12,020,000) (14,201,000)
Acquisition of patents (415,000)
NET CASH PROVIDED BY INVESTING ACTIVITIES 3,722,000 1,049,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (2,296,000) (2,366,000)
Value of shares delivered to fund withholding taxes (7,000) (63,000)
Repurchases of common stock, inclusive of commissions and excise tax (293,000) (1,295,000)
NET CASH USED IN FINANCING ACTIVITIES (2,596,000) (3,724,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 257,000 (3,751,000)
  CASH AND CASH EQUIVALENTS, beginning of year 13,145,000 16,896,000
CASH AND CASH EQUIVALENTS, end of year 13,402,000 13,145,000
Cash paid during the years for:    
Interest
Income taxes
  NON-CASH FINANCING ACTIVITY    
Accrued dividend rights on restricted stock units 51,000 59,000
Right-of-use asset for lease liability $ 75,000

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