Network-1 Technologies Inc 2026年季度报告

Washington, D.C. 20549_________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from __________ to__________Commission File Number1-15288 NETWORK-1 TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware11-3027591(State or other jurisdiction of(I.R.S. Employer New Canaan, Connecticut06840(Address of principal executive offices)(Zip Code) (Registrant’s Telephone Number) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§223.405) of this chapter during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Acceleratedfiler☐Smaller reporting Company☒Emerging growth Company☐ Large acceleratedfiler☐ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒The number of shares of the registrant’s common stock, $.01 par value per share, outstanding as of May 4, 2026 was 22,864,593. NETWORK-1 TECHNOLOGIES, INC. Form 10-Q Index PARTI.FINANCIAL INFORMATION Item 1.Financial StatementsCondensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 20254Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and2025 (unaudited)5Condensed Consolidated Statements of Changes in Stockholders' Equity for the three months endedMarch 31, 2026 and 2025 (unaudited)6Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and2025 (unaudited)7Notes to Unaudited Condensed Consolidated Financial Statements8Item2.Management's Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosures About Market Risk27Item4.Controls and Procedures27 PARTII.OTHER INFORMATION SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains “forward-looking statements” that involve risks and uncertainties, as well asassumptions that, if they never materialize or prove incorrect, could cause our results to differ materially from those expressed orimplied by such forward-looking statements. The statements contained in this Quarterly Report on Form 10-Q that are not purelyhistorical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include any expectation of earnings,revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; factorsthat may affect our operating results; statements related to future performance and other matters that do not relate strictly to historicalfacts or statements of assumptions underlying any of the foregoing. Forward-looking statements are often identified by the use ofwords such as, but not limited to, “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “will,”“plan,” “project,” “seek,” “should,” “target,” “would,” and similar expressions or variations intended to identify forward-lookingstatements. These statements are based on the beliefs and assumptions of our management based on information currently available tomanagement. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actualresults and the timing of certain events to differ materially from future results expressed or implied by such forward-lookingstatements. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect even