# EDGAR Filing Document

**Accession Number:** 0001065078
**File Stem:** 0001072613-25-000540
**Filing Date:** 2025-8
**Character Count:** 19563
**Document Hash:** cc634006abe953fe54b735a4f4c3b8f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001072613-25-000540.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001072613-25-000540

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250808

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NETWORK-1 TECHNOLOGIES, INC.
- **CENTRAL INDEX KEY:** 0001065078
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 113027591
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15288
- **FILM NUMBER:** 251205901

**BUSINESS ADDRESS:**
- **STREET 1:** 65 LOCUST AVENUE
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840
- **BUSINESS PHONE:** 2039201055

**MAIL ADDRESS:**
- **STREET 1:** 65 LOCUST AVENUE
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NETWORK 1 TECHNOLOGIES INC
- **DATE OF NAME CHANGE:** 20131015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NETWORK 1 SECURITY SOLUTIONS INC
- **DATE OF NAME CHANGE:** 19980629

?xml version='1.0' encoding='ASCII'?

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): &nbsp;&nbsp;&nbsp;&nbsp; August 8, 2025 &nbsp;&nbsp;&nbsp;&nbsp;

#### NETWORK-1 TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-15288** | **11-3027591** |
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |

---

**65 Locust Avenue, Third Floor,** **New Canaan, Connecticut 06840**

(Address of Principal Executive Offices) (Zip Code)

**(203)** **920-1055** 

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | NTIP | NYSE American |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

---

On August 8, 2025, Network-1 Technologies, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>**<br>| <br>**<u>Description</u>**<br>|
| &nbsp;&nbsp;&nbsp;[99.1](exh99-1.htm) | [Press Release dated August 8, 2025](exh99-1.htm) |
| &nbsp;&nbsp;&nbsp;104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

**<u>SIGNATURE</u>**

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.** | **NETWORK-1 TECHNOLOGIES, INC.** |
| Dated: August 12, 2025 | By: | /s/ Corey M. Horowitz |
|  |  | Name: Corey M. Horowitz<br> Title: Chairman and Chief Executive Officer<br>|

---

## Exhibit 99.1

**<u>Exhibit</u>** **<u>99.1</u>**

**FOR IMMEDIATE RELEASE**

Corey M. Horowitz, Chairman and CEO

Network-1 Technologies, Inc.

(917) 692-0000

**NETWORK-1 REPORTS SECOND QUARTER 2025 RESULTS**

**New Canaan, Connecticut – August 8, 2025** – Network-1 Technologies, Inc. (NYSE AMERICAN: NTIP) ("Network-1"), a company specializing in the acquisition, development, licensing, and monetization of its intellectual property assets, today announced financial results for the second quarter ended June 30, 2025. Network-1 reported no revenue for the three months ended June 30, 2025, and revenue of $150,000 for the six months ended June 30, 2025, compared to revenue of $100,000 for the three and six months ended June 30, 2024. Revenue in 2025 and 2024 was from litigation settlements involving Network-1's Remote Power Patent.

Network-1 reported a net loss of $463,000, or $0.02 per share basic and diluted, for the three months ended June 30, 2025, compared to a net loss of $658,000, or $0.03 per share basic and diluted, for the same period in 2024. Included in the net loss is Network-1's share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of $279,000 and $677,000 for the three months ended June 30, 2025, and 2024, respectively.

For the six months ended June 30, 2025, Network-1 reported a net loss of $826,000, or $0.04 per share basic and diluted, compared to a net loss of $1,578,000, or $0.07 per share basic and diluted, for the same period in 2024. Included in the net loss is Network-1's share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of $741,000 and $1,305,000 for the six months ended June 30, 2025, and 2024, respectively.

On June 27, 2025, Network-1 commenced patent litigation against Samsung Electronics Co., LTD and Samsung Electronics America, Inc. (collectively, "Samsung") in the United States District Court for the Eastern District of Texas, Marshall Division, for infringement of certain patents within Network-1's M2M/IoT Patent Portfolio. The lawsuit alleges that Samsung infringes Network-1's patents by supporting certain eSIM (embedded Subscriber Identification Module) and 5G technologies in its mobile devices, including its Galaxy smartphones, watches and tablets.

On March 31, 2025, Network-1 acquired a patent portfolio from IoT and M2M Technologies, LLC, relating to, among other things, enabling technology to support the interoperability of smart home IoT devices (the "Smart Home Patent Portfolio"). The Smart Home Patent Portfolio currently consists of eight (8) U.S. patents and one (1) international patent as well as eleven (11) U.S. pending patent applications and five (5) pending international patents.

On June 17, 2025, the Board of Directors authorized an extension and increase of Network-1's share repurchase program (the "Share Repurchase Program") to repurchase up to $5,000,000 of common stock over the subsequent 24-month period. The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions at Network-1's discretion except for repurchases under its 10b5-1 plans. The timing and amount of the shares repurchased is determined by management, except for repurchases under its 10b5-1 plans, based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time. Since the inception of the Share Repurchase Program through June 30, 2025, Network-1 has repurchased an aggregate of 10,525,705 shares of its common stock at an aggregate cost of $20,185,549 (exclusive of commissions) or an average per share price of $1.92. During the three months ended June 30, 2025, Network-1 repurchased 44,811 shares at a cost of $55,337 (exclusive of commissions), or an average price of $1.23 per share. During the six months ended June 30, 2025, the company repurchased 151,473 shares at a cost of $202,194 (exclusive of commissions), or an average price of $1.33 per share. As of June 30, 2025, the remaining dollar value of shares that may be repurchased under the Share Repurchase Program was $4,994,853.

As of June 30, 2025, Network-1 had cash and cash equivalents and marketable securities of $38,485,000 and working capital of $38,288,000. Based on its current cash position, Network-1 believes it has sufficient resources to fund operations for the next twelve months and the foreseeable future.

Network-1 continues to pay dividends consistent with its dividend policy, which consists of semi-annual cash dividends of $0.05 per share ($0.10 per share annually), typically paid in March and September. On February 19, 2025, Network-1's Board of Directors declared a semi-annual cash dividend of $0.05 per share, paid on March 28, 2025 to shareholders of record as of March 14, 2025. The dividend policy is reviewed periodically and may be adjusted based on earnings, financial requirements, and other relevant factors.

ABOUT NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one hundred fifteen (115) U.S. patents and seventeen (17) international patents covering various technologies, including enabling technology for authenticating and using eSIM technology in Internet of Things ("IoT"), certain advanced technologies related to high frequency trading, technologies relating to document stream operating systems and the identification of media content and enabling technology to support, among other things, the interoperability of smart home IT devices. Network-1's current strategy includes efforts to monetize four patent portfolios (the M2M/IoT, HFT, Cox and Smart Home portfolios). Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of $188,000,000 from May 2007 through June 30, 2025. Network-1 has achieved licensing and other revenue of $47,150,000 through June 30, 2025 with respect to its Mirror Worlds Patent Portfolio.

*This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1's business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 28, 2025 and its Quarterly Report on Form 10-Q for the three months ended June 30, 2025 filed with the SEC on August 8, 2025 including, among others, Network-1's uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1's HFT Patent Portfolio and its M2m/IoT Patent Portfolio, whether Network-1 will be successful in its appeal to the Federal Circuit of the District Court judgment of non-infringement dismissing Network-1's litigation against Google and YouTube involving certain patents within its Cox Patent Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1's ability to achieve revenue and profits from its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio and Smart Home Portfolio, as well as a successful outcome on its investment in ILiAD Biotechnologies, LLC or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue be paid, Network-1's ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.*

 

 

Network-1's unaudited condensed consolidated statements of operations and condensed consolidated balance sheet are attached*.*

 

 

<u>For additional details regarding the above referenced highlights, please see Network-1's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC on August 8, 2025.</u>

**NETWORK-1 TECHNOLOGIES, INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(UNAUDITED)** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended<br> June 30,** | **Three Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **REVENUE** | $— | $100000 | $150000 | $100000 |
| **OPERATING EXPENSES:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs of revenue |  | 28000 | 42000 | 28000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional fees and related costs | 164000 | 147000 | 285000 | 366000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 519000 | 519000 | 1121000 | 1188000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of patents | 37000 | 30000 | 67000 | 60000 |
| **TOTAL OPERATING EXPENSES** | 720000 | 724000 | 1515000 | 1642000 |
| **OPERATING LOSS** | (720000) | (624000) | (1365000) | (1542000) |
| **<br> OTHER INCOME:**  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividend income, net | 445000 | 452000 | 929000 | 883000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain on marketable securities | 22000 | 54000 | 171000 | 102000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income, net | 467000 | 506000 | 1100000 | 985000 |
| **<br> LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE**  | (253000) | (118000) | (265000) | (557000) |
| **INCOME TAXES PROVISION:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current | (31000) |  | (31000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred taxes, net | (38000) | (137000) | (149000) | (284000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total income tax benefit | (69000) | (137000) | (180000) | (284000) |
| **INCOME (LOSS) BEFORE SHARE OF NET LOSS OF EQUITY METHOD INVESTEE:** | (184000) | 19000 | (85000) | (273000) |
| <br>**SHARE OF NET LOSS OF EQUITY METHOD INVESTEE**<br>| (279000) | (677000) | (741000) | (1305000) |
| **NET LOSS** | $(463000) | $(658000) | $(826000) | $(1578000) |
| Net loss per share |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $(0.02) | $(0.03) | $(0.04) | $(0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $(0.02) | $(0.03) | $(0.04) | $(0.07) |
| Weighted average common shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 22873907 | 23296555 | 22883729 | 23444145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 22873907 | 23296555 | 22883729 | 23444145 |
| Cash dividends declared per share |  |  | $0.05 | $0.05 |

---

**NETWORK-1 TECHNOLOGIES, INC.**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **June 30,**<br> **2025** | **December 31,**<br> **2024** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ASSETS**<br>| (Unaudited) |  |
| **CURRENT ASSETS:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $13424000 | $13145000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities, at fair value | 25061000 | 27455000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 180000 | 232000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **TOTAL CURRENT ASSETS** | 38665000 | 40832000 |
| <br> **OTHER ASSETS:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patents, net of accumulated amortization | 1552000 | 1205000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity investment | 2596000 | 3337000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating leases right-of-use asset |  | 27000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security deposit | 13000 | 13000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Total Other Assets | 4161000 | 4582000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **TOTAL ASSETS** | $42826000 | $45414000 |
| <br> **LIABILITIES AND STOCKHOLDERS' EQUITY:**<br>|  |  |
| **CURRENT LIABILITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 204000 | $203000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll |  | 292000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other accrued expenses | 173000 | 247000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease obligations |  | 24000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Total Current Liabilities | 377000 | 766000 |
| <br> **LONG TERM LIABILITIES:**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liability | 188000 | 337000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>**TOTAL LIABILITIES** | 565000 | 1103000 |
| <br> **COMMITMENTS AND CONTINGENCIES (Note G)** | **—** | **—** |
| <br> **STOCKHOLDERS' EQUITY** |  |  |
| Preferred stock, $0.01 par value, authorized 10,000,000 shares;<br> none issued and outstanding at June 30, 2025 and December 31, 2024 |  |  |
| Common stock, $0.01 par value; authorized 50,000,000 shares; 22,844,798 and 22,961,619 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 228000 | 229000 |
| <br> Additional paid-in capital | 64445000 | 65455000 |
| <br> Accumulated deficit | (22412000) | (21373000) |
| **TOTAL STOCKHOLDERS' EQUITY** | 42261000 | 44311000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $42826000 | $45414000 |

---