UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number 1-15288 NETWORK-1 TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Washington, D.C. 20549 _________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q _________________ For the transition period from __________ to__________ Commission File Number 1-15288 (Address of principal executive offices) (Zip Code) 203-920-1055 (Registrant's Te ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 1-15288 _____________________ NETWORK-1 TECHNOLOGIES, INC. (Exact Name of Registrant as ...

For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 212-829-5770 (Registrant's Telephone Number) For the transition period from __________ to__________ Commission File Number 1-15288 NETWORK-1 TECHNOLOGIES, INC. (Ex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number 1-15288 NETWORK 1 TECHNOLOGIES, INC. (Exact name of registrant as specified ...

Washington, D.C. 20549 _________________ FORM 10-Q _________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number 1-15288 NETWORK-1 TECHNOLOGIES, INC. (Exact name of registrant as specified ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 1-15288 _____________________ NETWORK-1 TECHNOLOGIES, INC. (Exact Name of Registrant as ...

PART I. Financial Information [Item 1. Condensed Consolidated Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20%28unaudited%29) This section presents the unaudited condensed consolidated financial statements for periods ended September 30, 2020, and 2019, detailing the company's financial position, performance, cash flows, and intellectual property licensing business [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased from **$55.1 million** at year-end 2019 to **$51.0 million** as of September 30, 2020, driven by reduced marketable securities and royalty receivables, while total liabilities also significantly declined Condensed Consolidated Balance Sheet Highlights (in thousands) | | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $45,522 | $48,758 | | **Total Assets** | $50,989 | $55,076 | | **Total Current Liabilities** | $344 | $1,569 | | **Total Liabilities** | $344 | $1,569 | | **Total Stockholders' Equity** | $50,645 | $53,507 | [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) Q3 2020 revenue surged to **$4.15 million** from **$0.52 million** in Q3 2019, resulting in a **$1.69 million** net income, while nine-month revenue also increased, narrowing the net loss to **$0.23 million** Statement of Operations Highlights (in thousands, except per share data) | Metric | Q3 2020 | Q3 2019 | Nine Months 2020 | Nine Months 2019 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $4,150 | $520 | $4,366 | $1,725 | | **Operating Income (Loss)** | $1,660 | $(576) | $55 | $(1,625) | | **Net Income (Loss)** | $1,687 | $(411) | $(234) | $(859) | | **Diluted EPS** | $0.07 | $(0.02) | $(0.01) | $(0.04) | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Stockholders' equity decreased from **$53.5 million** at year-end 2019 to **$50.6 million** as of September 30, 2020, primarily due to **$2.4 million** in dividends and treasury stock purchases, partially offset by net income - Total stockholders' equity declined from **$53,507,000** at Dec 31, 2019 to **$50,645,000** at Sep 30, 2020[17](index=17&type=chunk) - Key activities impacting equity during the nine months ended Sep 30, 2020 included dividend declarations (**$2,434,000**), net loss (**$234,000**), and treasury stock purchases (**$252,000**)[17](index=17&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities improved to **$0.11 million** for the nine months ended September 30, 2020, with investing activities providing **$4.34 million** and financing activities using **$2.82 million**, leading to a **$1.63 million** net cash increase Cash Flow Summary for Nine Months Ended Sep 30 (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $107 | $(1,388) | | **Net Cash from Investing Activities** | $4,344 | $(2,410) | | **Net Cash from Financing Activities** | $(2,817) | $(3,228) | | **Net Increase (Decrease) in Cash** | $1,634 | $(7,026) | | **Cash and Cash Equivalents, End of Period** | $24,221 | $16,737 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, patent portfolios, revenue recognition, a **$4.15 million** Dell settlement, favorable HP appeal ruling, an equity investment in ILiAD Biotechnologies, and potential Personal Holding Company (PHC) tax implications - The company's business is the development, licensing, and protection of its **84 patents**, which include the Remote Power Patent (expired March 7, 2020), Mirror Worlds, Cox, M2M/IoT, and QoS patent portfolios[27](index=27&type=chunk)[28](index=28&type=chunk) - Revenue for the three months ended September 30, 2020 includes **$4,150,000** from a litigation settlement with Dell, Inc[40](index=40&type=chunk) - On September 24, 2020, a federal court overturned a non-infringement judgment in the company's litigation with Hewlett-Packard. The company believes this obligates Cisco and other licensees to pay significant royalties that accrued from Q4 2017 through March 7, 2020[30](index=30&type=chunk)[109](index=109&type=chunk)[111](index=111&type=chunk) - The company holds an equity investment in ILiAD Biotechnologies, a clinical-stage biotech company, and recorded its share of ILiAD's net losses, which amounted to **$146,000** for Q3 2020 and **$644,000** for the first nine months of 2020[116](index=116&type=chunk)[118](index=118&type=chunk) - The company may be classified as a Personal Holding Company (PHC) starting in July 2020, which could subject it to a **20% tax** on undistributed PHC income if it achieves net income for the year[53](index=53&type=chunk)[54](index=54&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses patent portfolios and licensing strategy, highlighting a significant Q3 2020 revenue increase due to a **$4.15 million** Dell settlement, leading to **$1.66 million** operating income, and assesses liquidity and COVID-19 impacts [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Q3 2020 revenue surged to **$4.15 million** from **$0.52 million** in Q3 2019 due to a Dell settlement, yielding **$1.69 million** net income, while nine-month revenue increased to **$4.37 million**, narrowing the net loss to **$0.23 million** Q3 2020 vs. Q3 2019 Performance (in thousands) | Metric | Q3 2020 | Q3 2019 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $4,150 | $520 | +$3,630 | | **Operating Income (Loss)** | $1,660 | $(576) | +$2,236 | | **Net Income (Loss)** | $1,687 | $(411) | +$2,098 | Nine Months 2020 vs. 2019 Performance (in thousands) | Metric | Nine Months 2020 | Nine Months 2019 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $4,366 | $1,725 | +$2,641 | | **Operating Income (Loss)** | $55 | $(1,625) | +$1,680 | | **Net Loss** | $(234) | $(859) | +$625 | - The primary reason for the revenue increase in both the three and nine-month periods was a **$4.15 million** litigation settlement with Dell, Inc[139](index=139&type=chunk)[148](index=148&type=chunk) [Liquidity and Capital Resources](index=36&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2020, liquidity is strong with **$45.5 million** in cash, equivalents, and marketable securities, and **$45.2 million** in working capital, despite a **$2.0 million** working capital decrease from year-end 2019 - Principal sources of liquidity at September 30, 2020 were cash, cash equivalents, and marketable securities of **$45,492,000** and working capital of **$45,178,000**[156](index=156&type=chunk) - Working capital decreased by **$2,011,000** from December 31, 2019, primarily due to a decrease in cash and marketable securities, offset by a decrease in current liabilities[157](index=157&type=chunk) - Net cash from operating activities improved to **$107,000** for the nine months ended Sep 30, 2020, compared to a use of **$(1,388,000)** in the prior year period, driven by the Dell settlement revenue[158](index=158&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states this item is 'Not Applicable,' indicating no significant market risk exposure, as cash is held in money market funds, certificates of deposit, and short-term fixed-income securities - The company states this section is **"Not Applicable"**[171](index=171&type=chunk) - Cash is maintained in money market funds, certificates of deposit, and short-term fixed income securities, leading management to believe there is no significant exposure to interest rate risk[162](index=162&type=chunk) [Item 4. Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of September 30, 2020, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that disclosure controls and procedures were **effective** as of the end of the quarter covered by the report[171](index=171&type=chunk) - No material changes to internal control over financial reporting occurred during the fiscal quarter ended September 30, 2020[172](index=172&type=chunk) PART II. Other Information [Item 1. Legal Proceedings](index=38&type=section&id=Item%201.%20Legal%20Proceedings) This section highlights material legal developments, including a **$4.15 million** settlement with Dell and a favorable appeal ruling against Hewlett-Packard regarding the Remote Power Patent, remanding the case for a new trial - The company settled its breach of contract litigation with Dell, Inc., receiving a payment of **$4,150,000** in full settlement on July 28, 2020[174](index=174&type=chunk) - On September 24, 2020, the U.S. Court of Appeals for the Federal Circuit overturned a non-infringement judgment in the company's litigation with Hewlett-Packard, remanding the case for a new trial on infringement and further proceedings on validity regarding the Remote Power Patent[176](index=176&type=chunk) [Item 1A. Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) The company refers investors to risk factors detailed in previous SEC filings, including its Annual Report on Form 10-K for 2019 and prior 2020 quarterly reports, with no new specific risks detailed - The report refers to previously filed documents (Annual Report on Form 10-K for year ended Dec 31, 2019, and prior 2020 10-Q reports) for a full discussion of risk factors[178](index=178&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered equity sales or stock repurchases during Q3 2020, with approximately **$4.2 million** remaining authorized for future repurchases under the existing program - There were **no unregistered sales** of equity securities during the three months ended September 30, 2020[179](index=179&type=chunk) - The company did **not repurchase any** of its common stock during the three months ended September 30, 2020[180](index=180&type=chunk) - As of September 30, 2020, **$4,196,100** remained available for repurchase under the existing Share Repurchase Program[180](index=180&type=chunk) [Item 3. Defaults Upon Senior Securities](index=40&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - The company reported **"None"**[182](index=182&type=chunk) [Item 4. Other Information](index=40&type=section&id=Item%204.%20Other%20Information) The company reported no other information to disclose for the period - The company reported **"None"**[183](index=183&type=chunk) [Item 5. Exhibits](index=40&type=section&id=Item%205.%20Exhibits) This section lists exhibits filed with the report, including Sarbanes-Oxley certifications from the CEO and CFO, and interactive data files (XBRL) - The report lists certifications pursuant to Section 302 and 906 of the Sarbanes-Oxley Act and XBRL interactive data files as exhibits[184](index=184&type=chunk)

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 10-Q _________________ Commission File Number 1-15288 _____________________ NETWORK-1 TECHNOLOGIES, INC. (Exact name of re ...

[PART I. Financial Information](index=5&type=section&id=PART%20I.%20Financial%20Information) [Item 1. Condensed Consolidated Financial Statements](index=5&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) For the three months ended March 31, 2020, the company reported a significant decrease in revenue and a wider net loss compared to the same period in 2019, reflecting the impact of patent expiration and ongoing litigation [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2020, total assets decreased to $51.15 million from $55.08 million at year-end 2019, primarily due to a reduction in marketable securities, while total liabilities also significantly dropped Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2020 | December 31, 2019 | Change | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $45,222 | $48,758 | -$3,536 | | Cash and cash equivalents | $26,594 | $22,587 | +$4,007 | | Marketable securities, at fair value | $18,409 | $25,730 | -$7,321 | | **Total Assets** | **$51,151** | **$55,076** | **-$3,925** | | **Total Current Liabilities** | $467 | $1,569 | -$1,102 | | **Total Liabilities** | **$467** | **$1,569** | **-$1,102** | | **Total Stockholders' Equity** | **$50,684** | **$53,507** | **-$2,823** | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) For the first quarter of 2020, revenue sharply declined to $161,000, leading to a net loss of $1.34 million, significantly wider than the prior-year period due to lower revenue, investment losses, and equity method losses Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 2020 | Q1 2019 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue** | **$161** | **$606** | **-73.4%** | | Total Operating Expenses | $1,061 | $1,139 | -6.9% | | **Operating Loss** | **($900)** | **($533)** | **+68.9%** | | Net realized and unrealized (loss) gain on marketable securities | ($322) | $23 | N/A | | Share of Net Losses of Equity Method Investee | ($293) | ($96) | +205.2% | | **Net Loss** | **($1,337)** | **($240)** | **+457.1%** | | **Net Loss Per Share (Basic & Diluted)** | **($0.06)** | **($0.01)** | **+500%** | - The company declared a cash dividend of **$0.05 per share** in both Q1 2020 and Q1 2019[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities slightly increased to $1.54 million for Q1 2020, while net cash provided by investing activities substantially rose to $6.91 million due to reduced marketable securities purchases, and cash used in financing activities increased due to higher stock repurchases Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | ($1,538) | ($1,415) | | Net Cash Provided by Investing Activities | $6,910 | $494 | | Net Cash Used in Financing Activities | ($1,365) | ($1,192) | | **Net Increase (Decrease) in Cash** | **$4,007** | **($2,113)** | | **Cash and Cash Equivalents, End of Period** | **$26,594** | **$21,650** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's intellectual property licensing business, the expiration of its primary revenue-generating patent, updates on significant legal proceedings, and information on its equity investment, stock repurchase program, and dividend policy - The company's business involves the development, licensing, and protection of its intellectual property assets, including **83 patents** across several portfolios (Remote Power, Mirror Worlds, Cox, M2M/IoT, QoS)[26](index=26&type=chunk) - The Remote Power Patent expired on **March 7, 2020**, ceasing future licensing revenue, though significant past royalty payments are contingent on the outcome of the HP litigation appeal[26](index=26&type=chunk)[27](index=27&type=chunk)[29](index=29&type=chunk) - A pending appeal in the Hewlett-Packard case could obligate licensees like Cisco to pay significant royalties accrued from **Q4 2017 through March 7, 2020**[109](index=109&type=chunk)[111](index=111&type=chunk) - On **March 25, 2020**, the company was granted summary judgment against Dell, Inc. for unpaid royalties, obligating Dell to pay all outstanding royalties through the patent's expiration[115](index=115&type=chunk) - In **January 2020**, the U.S. Court of Appeals reversed a summary judgment in favor of Facebook, remanding the patent infringement litigation for further proceedings[114](index=114&type=chunk) - The company invested **$5 million** in ILiAD Biotechnologies, LLC, recognizing a net loss of **$293,000** from this equity method investment in Q1 2020[116](index=116&type=chunk)[119](index=119&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the significant financial impact of the Remote Power Patent's expiration on March 7, 2020, highlighting uncertain future revenue dependent on other patent portfolios and litigation outcomes, while maintaining a strong liquidity position to fund operations - The Remote Power Patent, a key revenue source, expired on **March 7, 2020**, having generated over **$147 million** in licensing revenue from May 2007 through March 31, 2020[128](index=128&type=chunk)[130](index=130&type=chunk) - Future revenue is uncertain and may depend on the outcome of litigation involving the Cox and Mirror Worlds patent portfolios, and the ability to monetize the M2M/IoT portfolio or newly acquired patents[133](index=133&type=chunk) - The company's principal sources of liquidity at March 31, 2020, consisted of **$45 million** in cash, cash equivalents, and marketable securities, which management believes is sufficient to fund operations for the foreseeable future[135](index=135&type=chunk)[153](index=153&type=chunk) Q1 2020 vs Q1 2019 Results Analysis | Item | Q1 2020 | Q1 2019 | Reason for Change | | :--- | :--- | :--- | :--- | | **Revenue** | $161,000 | $606,000 | Decline in licensing revenue, a one-time license conversion in 2019, and the patent expiration | | **Operating Loss** | ($900,000) | ($533,000) | Primarily due to the $445,000 decrease in revenue | | **Net Loss** | ($1,337,000) | ($240,000) | Driven by lower revenue, losses on marketable securities, and share of losses from equity investment | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company has indicated that this section is not applicable - The company states that there are no applicable quantitative and qualitative disclosures about market risk[167](index=167&type=chunk) [Item 4. Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2020, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[167](index=167&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[168](index=168&type=chunk) [PART II. Other Information](index=38&type=section&id=PART%20II.%20Other%20Information) [Item 1. Legal Proceedings](index=38&type=section&id=Item%201.%20Legal%20Proceedings) This section provides updates on key legal matters, including pending appeals in the Hewlett-Packard case, a favorable summary judgment against Dell, a reversed summary judgment in the Facebook case, and ongoing litigation against Google and YouTube - **Remote Power Patent Litigation (HP):** An appeal of the District Court's denial of a new trial on infringement is pending a decision from the U.S. Court of Appeals for the Federal Circuit[171](index=171&type=chunk) - **Dell Litigation:** On **March 25, 2020**, the court granted summary judgment in favor of Network-1 on its breach of contract claim against Dell for failure to make royalty payments[173](index=173&type=chunk) - **Mirror Worlds Patent Litigation (Facebook):** On **January 23, 2020**, the U.S. Court of Appeals reversed a summary judgment of non-infringement and remanded the case to the District Court for further proceedings[174](index=174&type=chunk) - **Cox Patent Portfolio Litigation (Google/YouTube):** The consolidated cases are ongoing, with a ruling on the Markman (claim construction) hearing held in **November 2019** still pending[178](index=178&type=chunk) [Item 1A. Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) The company highlights the potential adverse impact of the global COVID-19 pandemic on its business, specifically noting delays in court proceedings that could affect the timing of future license agreements - The global COVID-19 pandemic is identified as a risk factor, specifically noting that it is causing delays in the courts, which could adversely affect the timing of consummating future license agreements[180](index=180&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the quarter, while repurchasing 72,300 shares of common stock for approximately $152,000 under its authorized program, with approximately $4.3 million remaining available for future repurchases - There were no issuances of unregistered securities during the three months ended March 31, 2020[181](index=181&type=chunk) Stock Repurchases in Q1 2020 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | January 2020 | 5,137 | $2.21 | | February 2020 | 2,700 | $2.25 | | March 2020 | 64,463 | $2.02 | | **Total Q1 2020** | **72,300** | **$2.10** | - As of March 31, 2020, the remaining authorized amount for share repurchases under the program was **$4,293,632**[182](index=182&type=chunk) [Item 3. Defaults Upon Senior Securities](index=41&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[184](index=184&type=chunk) [Item 4. Other Information](index=41&type=section&id=Item%204.%20Other%20Information) The company reported no other information - None[185](index=185&type=chunk) [Item 5. Exhibits](index=42&type=section&id=Item%205.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including Sarbanes-Oxley certifications and interactive data files (XBRL) [Signatures](index=43&type=section&id=Signatures) The report is duly signed by the company's Chairman and Chief Executive Officer, Corey M. Horowitz, and another officer, David C. Kahn, on May 19, 2020