Network-1(US:NTIP)2025-05-09 20:33Revenue - 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]