Network-1 Technologies, Inc. (NTIP) financial statements (2022 and earlier)

Company profile

Business Address 65 LOCUST AVENUE
NEW CANAAN, CT 06840
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,62360,84053,77541,27144,87145,49244,735
Cash and cash equivalents44,49743,17339,05024,12225,50524,22120,972
Short-term investments15,12617,66714,72517,14919,36621,27123,763
Receivables   18,692  128
Other current assets1502658881203051
Total current assets:59,77360,86653,83360,05144,99145,52244,914
Noncurrent Assets
Long-term investments and receivables2,6513,0183,2043,4403,6503,7933,938
Long-term investments2,6513,0183,2043,4403,6503,7933,938
Intangible assets, net (including goodwill)   1,5121,5781,6531,714
Intangible assets, net (excluding goodwill)   1,5121,5781,6531,714
Other undisclosed noncurrent assets2,3972,4572,5111,0139752121
Total noncurrent assets:5,0485,4755,7155,9656,2035,4675,673
TOTAL ASSETS:64,82166,34159,54866,01651,19450,98950,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9713,5691,2902,3581,100269280
Accounts payable4593993973635977038
Accrued liabilities180134183164226194226
Employee-related liabilities380  941277516
Taxes payable2,9523,036710890   
Other undisclosed current liabilities137469325,422 7545
Total current liabilities:4,1083,6152,2227,7801,100344325
Noncurrent Liabilities
Liabilities, other than long-term debt554      
Deferred income tax liabilities554      
Other undisclosed noncurrent liabilities 680717769   
Total noncurrent liabilities:554680717769   
Other undisclosed liabilities    932  
Total liabilities:4,6624,2952,9398,5492,032344325
Stockholders' equity
Stockholders' equity attributable to parent60,15962,04656,60957,46749,16250,64550,262
Common stock238241241241241240239
Additional paid in capital66,36166,30766,24266,18366,12466,06565,981
Accumulated other comprehensive income (loss)(12)(6)(2)1(10)471
Accumulated deficit(6,428)(4,496)(9,872)(8,958)(17,193)(15,664)(16,029)
Total stockholders' equity:60,15962,04656,60957,46749,16250,64550,262
TOTAL LIABILITIES AND EQUITY:64,82166,34159,54866,01651,19450,98950,587

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues33717,000 18,692374,15055
Cost of revenue(117)(6,610) (5,420)(8)(1,593)(20)
Gross profit:22010,390 13,272292,55735
Operating expenses(16,443)     (760)
Other undisclosed operating income12,147     20
Operating income (loss):(4,076)10,390 13,272292,557(705)
Nonoperating income786  210143 326
Investment income, nonoperating   210143  
Interest and debt expense   (74)(76)(72)(72)
Other undisclosed income from continuing operations before equity method investments, income taxes      72
Income (loss) from continuing operations before equity method investments, income taxes:(3,290)10,390 13,408962,485(379)
Income (loss) from equity method investments(609)6,775(552)9,661(1,332)1,833(379)
Income (loss) before gain (loss) on sale of properties:(3,899)17,165(552)23,069(1,236)4,318(758)
Other undisclosed net income (loss)    (239)(2,631)174
Net income (loss):(3,899)17,165(552)23,069(1,475)1,687(584)
Other undisclosed net income (loss) attributable to parent2,923(10,576)(231)(13,618)   
Net income (loss) available to common stockholders, diluted:(976)6,589(783)9,451(1,475)1,687(584)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(3,899)17,165(552)23,069(1,475)1,687(584)
Other comprehensive income   11   
Comprehensive income (loss):(3,899)17,165(552)23,080(1,475)1,687(584)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,917(10,580)(234)(13,618)(14)(67)175
Comprehensive income (loss), net of tax, attributable to parent:(982)6,585(786)9,462(1,489)1,620(409)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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