Revenue - Revenue for the three months ended March 31, 2025, was $150,000, compared to no revenue for the same period in 2024, with the revenue related to a conditional payment from a settlement involving the Remote Power Patent[102] Operating Expenses - Operating expenses decreased to $795,000 for the three months ended March 31, 2025, down from $918,000 in the same period of 2024, primarily due to a reduction in professional fees[103] - General and administrative expenses were $602,000 for the three months ended March 31, 2025, compared to $669,000 for the same period in 2024, reflecting lower stock-based compensation and state franchise taxes[104] Income and Gains - Interest and dividend income increased to $484,000 for the three months ended March 31, 2025, from $431,000 in the same period of 2024, due to higher yielding fixed income investments[105] - The company recorded realized and unrealized gains on marketable securities of $149,000 for the three months ended March 31, 2025, compared to $48,000 for the same period in 2024[106] Net Loss - Net loss for the three months ended March 31, 2025, was $363,000, or $0.02 per share, a reduction from a net loss of $920,000, or $0.04 per share, for the same period in 2024[109] Cash and Investments - Cash and cash equivalents and marketable securities totaled $39,193,000 as of March 31, 2025, with working capital of $38,443,000, down from $40,066,000 at December 31, 2024[91][111] - The company invested $7,000,000 in ILiAD, a clinical stage biotechnology company, which holds 76 patents, indicating ongoing investment in high-risk ventures[92] Intellectual Property - The Smart Home Patent Portfolio was acquired on March 31, 2025, consisting of eight U.S. patents and one international patent, along with pending applications[96] - The company plans to continue its licensing efforts and seeks to acquire additional intellectual property assets to enhance monetization opportunities[97]

Financial Highlights [Revenue and Operating Expenses](index=1&type=section&id=Revenue%20and%20Operating%20Expenses) Network-1's revenue significantly decreased in 2024 due to lower litigation settlement agreements, leading to a corresponding decrease in operating expenses, primarily contingent legal fees | Metric | 2024 | 2023 | Change (YoY) | | :-------------------- | :----------- | :----------- | :----------- | | Revenue | $100,000 | $2,601,000 | -96.12% | | Operating Expenses | $3,721,000 | $4,836,000 | -22.91% | | Costs of Revenue | $28,000 | $874,000 | -96.80% | - Revenue in both 2024 and 2023 was derived from settlement agreements in litigations involving Network-1's Remote Power Patent. The decrease in operating expenses was primarily due to a **$846,000 decrease** in costs of revenue related to lower contingent legal fees and incentive bonus compensation, resulting from decreased litigation settlement revenue[2](index=2&type=chunk) [Net Loss and EPS](index=1&type=section&id=Net%20Loss%20and%20EPS) The company reported an increased net loss in 2024, primarily influenced by a substantial operating loss and its share of losses from an equity investee | Metric | 2024 | 2023 | | :-------------------------------- | :----------- | :----------- | | Net Loss | $(3,034,000) | $(1,457,000) | | Net Loss Per Share (Basic & Diluted) | $(0.13) | $(0.06) | - Included in net loss is Network-1's share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of **$1,912,000 in 2024**, compared to **$2,003,000 in 2023**[3](index=3&type=chunk) [Other Income](index=1&type=section&id=Other%20Income) Interest and dividend income remained stable in 2024, while realized and unrealized gains on marketable securities declined due to timing of maturities and lower yields | Metric | 2024 | 2023 | Change (YoY) | | :------------------------------------ | :----------- | :----------- | :----------- | | Interest and Dividend Income, net | $1,897,000 | $1,868,000 | +1.55% | | Net Realized and Unrealized Gain on Marketable Securities | $177,000 | $525,000 | -66.30% | - The decline in unrealized and realized gains in 2024 was primarily due to the timing of maturities of marketable securities and the declines in realized yields on fixed income holdings[4](index=4&type=chunk) [Liquidity and Capital Resources](index=1&type=section&id=Liquidity%20and%20Capital%20Resources) As of December 31, 2024, Network-1 maintained strong liquidity with significant cash, cash equivalents, and marketable securities, which management believes are sufficient to fund future operations | Metric (as of Dec 31, 2024) | Amount | | :-------------------------- | :----------- | | Cash and Cash Equivalents | $13,145,000 | | Marketable Securities | $27,455,000 | | Total Cash & Marketable Securities | $40,600,000 | | Working Capital | $40,066,000 | - Management believes that based on current cash, cash equivalents, and marketable securities positions, Network-1 will have **sufficient liquidity** to fund its operations for the foreseeable future[5](index=5&type=chunk) [Shareholder Returns](index=1&type=section&id=Shareholder%20Returns) Network-1 continued its share repurchase program in 2024, repurchasing over $1.27 million in stock, and maintained its semi-annual cash dividend policy, cumulatively returning over $41 million to shareholders since 2010 | Share Repurchase Program Activity | 2024 | Since Inception (Aug 2011 - Dec 31, 2024) | | :-------------------------------- | :----------- | :---------------------------------------- | | Shares Repurchased | 733,436 | 10,374,232 | | Cost (exclusive of commissions) | ~$1,270,438 | ~$19,983,000 | | Average Price Per Share | $1.73 | $1.93 | - Network-1's dividend policy consists of semi-annual cash dividends of **$0.05 per share** (**$0.10 per share annually**), which were declared and paid consistently in 2024. Combined with approximately **$22,000,000 in dividends paid since 2010**, Network-1 has returned in excess of **$41,000,000** to its shareholders through dividends and share repurchases[6](index=6&type=chunk)[7](index=7&type=chunk)[11](index=11&type=chunk) Company Overview [Business Description](index=2&type=section&id=Business%20Description) Network-1 specializes in the acquisition, development, licensing, and protection of intellectual property, assisting inventors and patent owners in monetizing their patented technologies - Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing, and protection of its intellectual property and proprietary technologies. The company works with inventors and patent owners to assist in the development and monetization of their patented technologies[8](index=8&type=chunk) [Intellectual Property and Strategy](index=2&type=section&id=Intellectual%20Property%20and%20Strategy) The company holds 106 U.S. and 16 international patents, focusing on monetizing three key patent portfolios (Cox, M2M/IoT, HFT) and acquiring high-quality patents with significant licensing potential, building on past successes with its Remote Power and Mirror Worlds portfolios | Patent Holdings | Count | | :---------------- | :---- | | U.S. Patents | 106 | | International Patents | 16 | | Patent Portfolio | Licensing Revenue (through Dec 31, 2024) | | :-------------------- | :--------------------------------------- | | Remote Power Patent | >$188,000,000 | | Mirror Worlds Patent Portfolio | $47,150,000 | - Network-1's current strategy includes efforts to monetize three patent portfolios (the Cox, M2M/IoT, and HFT portfolios) and to focus on acquiring and investing in high-quality patents with the potential to generate significant licensing opportunities[8](index=8&type=chunk) [Forward-Looking Statements and Risks](index=2&type=section&id=Forward-Looking%20Statements%20and%20Risks) The release includes forward-looking statements subject to various risks, including uncertain revenue from intellectual property licensing, outcomes of pending litigation, ability to execute acquisition strategies, and potential impacts from AI development - * Uncertain revenue from licensing intellectual property * Uncertainty regarding the outcome of pending litigation involving Network-1's HFT Patent Portfolio and appeal to the Federal Circuit for the Cox Patent Portfolio * Ability to successfully execute its strategy to acquire or make investments in high-quality patents * Uncertainty as to whether cash dividends will continue to be paid * The increasing development of artificial intelligence could impact Network-1's business * Risk of being classified as a Personal Holding Company, potentially requiring a special cash dividend[9](index=9&type=chunk) Consolidated Financial Statements [Consolidated Statements of Operations and Comprehensive Loss](index=3&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) The consolidated statements of operations show a significant decrease in revenue and an increased net loss for 2024 compared to 2023, driven by lower operating income and continued equity method investee losses | Metric | 2024 | 2023 | | :-------------------------------------------------- | :----------- | :----------- | | REVENUE | $100,000 | $2,601,000 | | TOTAL OPERATING EXPENSES | $3,721,000 | $4,836,000 | | OPERATING LOSS | $(3,621,000) | $(2,235,000) | | Total other income, net | $2,074,000 | $2,393,000 | | (LOSS) INCOME BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | $(1,547,000) | $158,000 | | SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | $(1,912,000) | $(2,003,000) | | NET LOSS | $(3,034,000) | $(1,457,000) | | Net Loss Per Share (Basic & Diluted) | $(0.13) | $(0.06) | | Cash dividends declared per share | $0.10 | $0.10 | [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheets indicate a decrease in total assets and stockholders' equity from 2023 to 2024, primarily due to reductions in cash, marketable securities, and equity investment, while total liabilities also decreased | Metric (as of Dec 31) | 2024 | 2023 | | :------------------------------------ | :----------- | :----------- | | Cash and cash equivalents | $13,145,000 | $16,896,000 | | Marketable securities, at fair value | $27,455,000 | $28,571,000 | | Total Current Assets | $40,832,000 | $45,673,000 | | Equity investment | $3,337,000 | $5,249,000 | | TOTAL ASSETS | $45,414,000 | $52,277,000 | | Total Current Liabilities | $766,000 | $823,000 | | Deferred tax liability | $337,000 | $762,000 | | TOTAL LIABILITIES | $1,103,000 | $1,585,000 | | TOTAL STOCKHOLDERS' EQUITY | $44,311,000 | $50,692,000 |

Revenue and Financial Performance - Revenue from the Remote Power Patent generated over $188 million from May 2007 to December 31, 2024, constituting 100% of revenue for 2024 ($100,000) and 2023 ($2.6 million) [69] - The patent monetization cycle is lengthy and costly, leading to unpredictable revenue recognition [71] - The company anticipates fluctuations in quarterly and annual financial results due to various external factors [73] - The company has paid semi-annual cash dividends of $0.05 per share since December 2016, but future payments are subject to review [77] - The company is subject to inherent uncertainties in estimates, judgments, and assumptions in financial statement preparation, which could materially affect business and financial results [94] Patent and Intellectual Property - The company has established a patent portfolio of 106 U.S. patents and 16 foreign patents, but faces competition in acquiring high-quality patents [70] - The company is focused on monetizing its M2M/IoT Patent Portfolio and acquiring additional intellectual property [100] Legal and Regulatory Risks - The company faces significant risks in patent litigation, with ongoing cases against Citadel Securities and Jump Trading regarding the HFT Patent Portfolio [66] - The company is exposed to risks from changes in patent law and increased costs of enforcement due to legislative changes [78] - The rapid development of artificial intelligence may challenge the company's patent validity and enforcement capabilities [79] - Ongoing litigations against Citadel Securities and Jump Trading involve patents within the HFT Patent Portfolio, which could impact stock performance [100] Corporate Governance and Stockholder Rights - The corporate charter allows the Board of Directors to issue up to 10,000,000 shares of preferred stock, potentially affecting common stockholders' rights [95] - Anti-takeover provisions under Delaware law could prevent business combinations with stockholders owning 15% or more for three years without board or stockholder approvals [96] - By-laws require advance notice for director nominations and new business at stockholder meetings, impacting stockholder participation [97] - Provisions may deter unsolicited takeovers and limit stockholders' ability to approve transactions they deem beneficial [98] Market and Stock Performance - The common stock is traded on the NYSE American exchange under the symbol "NTIP" and may face delisting if continued listing standards are not met [93] - The stock price may be highly volatile, influenced by various factors including litigation outcomes and market fluctuations [100] - The increasing development of artificial intelligence and external economic factors may impact the company's business operations [100] Investment and Future Outlook - The company has invested $7 million in ILiAD, a clinical stage biotechnology company, with uncertain future outcomes [67] - The company may be classified as a Personal Holding Company in the future, which would impose a 20% tax on undistributed income [74]

Revenue Performance - Network-1 reported no revenue for the three months ended September 30, 2024, and 2023, while revenue for the nine months ended September 30, 2024, was $100,000, down 87% from $820,000 in the same period of 2023[2]. - The company faces uncertainties regarding future revenue from licensing its intellectual property and ongoing litigation outcomes[9]. Net Loss and Financial Improvement - The net loss for the three months ended September 30, 2024, was $316,000 or $0.01 per share, an improvement from a net loss of $810,000 or $0.03 per share for the same period in 2023[3]. - For the nine months ended September 30, 2024, the net loss was $1,894,000 or $0.08 per share, compared to a net loss of $1,909,000 or $0.08 per share for the same period in 2023[4]. - Comprehensive loss for the period was $316,000 compared to $796,000 in the previous period, indicating a 60% improvement[13]. Cash and Assets - As of September 30, 2024, Network-1 had cash and cash equivalents and marketable securities totaling $41,516,000, indicating sufficient cash to fund operations for the next twelve months[5]. - Total current assets decreased to $41,657,000 from $45,673,000, a decline of approximately 9%[13]. - Cash and cash equivalents decreased to $14,315,000 from $16,896,000, a decline of about 13%[13]. - Total stockholders' equity decreased to $45,579,000 from $50,692,000, a decrease of approximately 10%[13]. - Equity investment decreased to $3,636,000 from $5,249,000, a decline of about 31%[13]. Liabilities and Obligations - Total liabilities decreased to $1,006,000 from $1,585,000, representing a reduction of about 37%[13]. - Accounts payable increased to $371,000 from $125,000, a rise of 196%[13]. - Operating lease obligation, current increased to $40,000 from $23,000, a rise of approximately 74%[13]. Shareholder Returns and Dividends - Network-1 continues to pay semi-annual cash dividends of $0.05 per share, with a total annual dividend of $0.10 per share[7]. - Network-1's Board of Directors periodically reviews its dividend policy, which may change based on earnings and financial requirements[7]. Patent Monetization Strategy - The Remote Power Patent has generated licensing revenue exceeding $188 million from May 2007 through September 30, 2024[8]. - Network-1's strategy includes monetizing five patent portfolios, focusing on high-quality patents with significant licensing opportunities[8]. Share Repurchase Activity - During the three months ended September 30, 2024, Network-1 repurchased 119,615 shares at an average price of $1.58, and a total of 577,060 shares at an average price of $1.84 for the nine months ended September 30, 2024[6].

Financial Performance - The company reported no revenue for the three months ended September 30, 2024, and September 30, 2023, due to no litigation outcomes during these periods [82]. - Operating expenses for the nine months ended September 30, 2024, were $2,538,000, a decrease of $466,000 compared to $3,004,000 for the same period in 2023 [86]. - The company recognized a net loss of $1,894,000 or $0.08 per share for the nine months ended September 30, 2024, compared to a net loss of $1,909,000 or $0.08 per share for the same period in 2023 [89]. - The company recorded interest and dividend income of $1,407,000 for the nine months ended September 30, 2024, an increase of $246,000 compared to $1,161,000 for the same period in 2023 [87]. Assets and Capital - As of September 30, 2024, the company had cash and cash equivalents and marketable securities totaling $41,516,000, with working capital of $41,058,000 [72]. - Working capital decreased by $3,792,000 from December 31, 2023, primarily due to dividend payments of $2,366,000 and common stock repurchases of $1,083,000 [91]. Investments and Revenue Potential - The company has invested $7,000,000 in ILiAD, a clinical stage biotechnology company, which involves significant risk and uncertainty [73]. - Licensing revenue from the Remote Power Patent exceeded $188,000,000 from May 2007 through March 7, 2020, after which no further licensing revenue is received [74]. - The company continues to seek opportunities to acquire additional intellectual property assets to enhance its revenue potential [77]. - The company has ongoing litigation involving its patents, including appeals against Google and Meta, with the potential for future revenue generation [76]. Litigation and Legal Matters - Ongoing litigation against Meta regarding Mirror Worlds patents with oral argument on appeal held on October 11, 2024, decision pending [102]. - A putative class action filed against the Company was settled on October 3, 2024, with terms not material to the Company [102]. Internal Controls and Procedures - No material changes in internal control over financial reporting during the fiscal quarter ended September 30, 2024 [100]. - The Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures are effective as of the end of the reporting period [99].

Financial Performance - Network-1 reported revenue of $100,000 for Q2 2024, a decrease of 64.7% from $283,000 in Q2 2023[1] - The net loss for Q2 2024 was $658,000, or $0.03 per share, compared to a net loss of $476,000, or $0.02 per share, in Q2 2023[1][2] - For the six months ended June 30, 2024, the net loss was $1,578,000, or $0.07 per share, compared to a net loss of $1,099,000, or $0.05 per share, in the same period of 2023[2] Cash and Assets - As of June 30, 2024, Network-1 had cash and cash equivalents of $42,599,000, indicating sufficient funds to support operations for the next twelve months[2] - Cash and cash equivalents increased to $19,939,000 from $16,896,000, an increase of about 17.9%[9] - Total current assets decreased to $42,781,000 from $45,673,000, a decline of approximately 6.5%[9] - Total assets decreased to $48,063,000 from $52,277,000, a decline of about 8.1%[9] - Marketable securities at fair value decreased to $22,660,000 from $28,571,000, a drop of approximately 20.7%[9] Shareholder Actions - The company repurchased 373,701 shares at an average price of $1.84 during Q2 2024, with a total cost of $688,410[3] - Network-1 has declared a semi-annual cash dividend of $0.05 per share, consistent with its dividend policy[4] Patent Revenue - The Remote Power Patent has generated over $188 million in licensing revenue since May 2007 through June 30, 2024[5] - The company has achieved licensing and other revenue of $47.15 million from its Mirror Worlds Patent Portfolio as of June 30, 2024[5] - Network-1 continues to focus on monetizing five patent portfolios, including the Remote Power Patent and Mirror Worlds Patent[5] Financial Position - Total liabilities decreased significantly to $890,000 from $1,585,000, a reduction of approximately 43.8%[9] - Total current liabilities decreased to $412,000 from $823,000, a reduction of approximately 50%[9] - Deferred tax liability decreased to $478,000 from $762,000, a decrease of about 37.3%[9] - Total stockholders' equity decreased to $47,173,000 from $50,692,000, a decline of about 7.4%[9] - Accumulated deficit increased to $(20,713,000) from $(16,989,000), reflecting a worsening of approximately 22.5%[9] Risks - The company is subject to various risks, including uncertain revenue from licensing and ongoing litigation outcomes[6]

Revenue Performance - Revenue for the three months ended June 30, 2024, was $100,000, a decrease of 64.7% compared to $283,000 for the same period in 2023, all from litigation settlements involving the Remote Power Patent[87] - Revenue for the six months ended June 30, 2024, was $100,000, a decrease of 87.8% compared to $820,000 for the same period in 2023, all from litigation settlements involving the Remote Power Patent[93] - The Remote Power Patent has generated over $188,000,000 in licensing revenue from May 2007 to June 30, 2024, but no revenue has been received since its expiration on March 7, 2020[79] Operating Expenses - Operating expenses for the three months ended June 30, 2024, were $724,000, down 12.9% from $832,000 for the same period in 2023, primarily due to decreases in costs related to litigation settlements and general administrative expenses[88] - Operating expenses for the six months ended June 30, 2024, were $1,642,000, down 24.5% from $2,145,000 for the same period in 2023, mainly due to decreases in costs related to litigation settlements and general administrative expenses[93] Net Loss - Net loss for the three months ended June 30, 2024, was $658,000, or $0.03 per share, compared to a net loss of $476,000, or $0.02 per share, for the same period in 2023, reflecting a higher loss from equity method investee ILiAD[91] - Net loss for the six months ended June 30, 2024, was $1,578,000, or $0.07 per share, compared to a net loss of $1,099,000, or $0.05 per share, for the same period in 2023, driven by decreased revenue and increased losses from ILiAD[96] Financial Position - As of June 30, 2024, the company had cash and cash equivalents and marketable securities totaling $42,599,000, with working capital of $42,369,000, a decrease from $44,850,000 at December 31, 2023[98] - The company has invested $7,000,000 in ILiAD, a clinical stage biotechnology company, which involves significant risk and uncertainty regarding the outcome[78] Legal Matters - The U.S. District Court dismissed the company's patent infringement claims against Google Inc. and YouTube, LLC, ruling that the asserted claims of two patents are invalid and that another patent is not infringed[109] - The company filed a notice of appeal to the U.S. Court of Appeals for the Federal Circuit regarding the patent infringement case[109] - A class action lawsuit was filed against the company and its CEO, alleging that the company must register as an "investment company" under the Investment Company Act of 1940[109] Strategic Plans - The company plans to continue its licensing efforts and seeks to acquire additional intellectual property assets to enhance monetization opportunities[82] Internal Controls - The company has not experienced any material changes in internal control over financial reporting during the fiscal quarter ended June 30, 2024[107]

Revenue and Loss - Network-1 reported no revenue for Q1 2024, a decrease from $537,000 in Q1 2023, which was generated from patent infringement lawsuit settlements[3] - The net loss for Q1 2024 was $920,000, or $0.04 per share, compared to a net loss of $623,000, or $0.03 per share, in Q1 2023[4] - The company incurred a loss of $292,000 excluding its share of losses from equity method investee ILiAD Biotechnologies, LLC, compared to an income of $51,000 in Q1 2023[4] Liquidity and Assets - As of March 31, 2024, Network-1 had cash and cash equivalents of $18,105,000 and marketable securities valued at $25,289,000, totaling $43,394,000 in liquidity[5] - Network-1's total assets decreased to $49,617,000 as of March 31, 2024, down from $52,277,000 at the end of 2023[12] Share Repurchase and Dividends - The company repurchased 83,744 shares at an average price of $2.17 during Q1 2024, with a total repurchase cost of $182,070[6] - Network-1 continues to pay semi-annual dividends of $0.05 per share, with the latest payment made on March 29, 2024[7] Operating Expenses and Revenue Generation - Total operating expenses for Q1 2024 were $918,000, down from $1,313,000 in Q1 2023[14] - The Remote Power Patent has generated over $188,000,000 in licensing revenue since May 2007, while the Mirror Worlds Patent Portfolio has achieved $47,150,000 in revenue through March 31, 2024[8] Shares Outstanding - The company reported a weighted average of 23,540,468 common shares outstanding for Q1 2024[14]

Revenue Performance - The company reported no revenue for the three months ended March 31, 2024, compared to $537,000 for the same period in 2023, primarily from litigation settlements involving the Remote Power Patent[104]. - Licensing revenue from the Remote Power Patent exceeded $188,000,000 from May 2007 to March 31, 2024, but no revenue has been generated since the patent's expiration on March 7, 2020[96]. Operating Expenses - Operating expenses decreased to $918,000 for the three months ended March 31, 2024, down from $1,313,000 in the same period of 2023, reflecting a reduction in costs associated with litigation settlements and professional fees[105]. Net Loss - The company recognized a net loss of $920,000 or $0.04 per share for the three months ended March 31, 2024, compared to a net loss of $623,000 or $0.03 per share for the same period in 2023, attributed to the absence of revenue[111]. Cash and Investments - Cash and cash equivalents, along with marketable securities, totaled $43,394,000 as of March 31, 2024, with working capital decreasing to $43,067,000 from $44,850,000 at December 31, 2023[94][114]. - The company has invested $7,000,000 in ILiAD, a clinical stage biotechnology company, which holds an exclusive license to 70 patents, with ongoing risks associated with this investment[95]. Interest and Gains - Interest and dividend income increased to $431,000 for the three months ended March 31, 2024, compared to $310,000 for the same period in 2023, due to higher interest rates[107]. - The company recorded realized and unrealized gains on marketable securities of $48,000 for the three months ended March 31, 2024, down from $364,000 for the same period in 2023[108]. Future Plans - The company plans to continue its licensing efforts and seeks to acquire additional intellectual property assets to enhance monetization opportunities[98].

Revenue and Income - Network-1 reported revenue of $2,601,000 for the year ended December 31, 2023, compared to no revenue in 2022[3] - Interest and dividend income rose to $1,868,000 in 2023, up from $1,020,000 in 2022, reflecting higher yielding fixed income investments[4] - The Remote Power Patent has generated over $188,000,000 in licensing revenue since May 2007, while the Mirror Worlds Patent Portfolio has achieved $47,150,000 in revenue[9] Expenses and Losses - Operating expenses increased by $933,000 in 2023, primarily due to contingent legal fees and incentive bonuses related to litigation settlements[3] - The net loss for 2023 was $1,457,000, or $0.06 per share, an improvement from a net loss of $2,326,000, or $0.10 per share, in 2022[5] - The company’s accumulated deficit increased to $16,989,000 in 2023, compared to $12,055,000 in 2022[14] Cash and Liquidity - As of December 31, 2023, Network-1 had cash and cash equivalents and marketable securities totaling $45,467,000, indicating sufficient liquidity for operations[6] - The company repurchased 428,132 shares at a cost of approximately $955,000 during 2023, with a total of 9,532,982 shares repurchased since the program's inception[7] - Network-1 declared and paid semi-annual cash dividends of $0.05 per share in 2023, consistent with its dividend policy[8] Assets - Total assets decreased to $52,277,000 as of December 31, 2023, down from $57,969,000 in 2022[14]