Network-1 Technologies, Inc. (NTIP) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,37046,83948,43948,92352,12556,535
Cash and cash equivalents16,6159,91913,44821,16425,53242,459
Short-term investments29,75536,92034,99127,75926,59314,076
Prepaid expense177177177336  
Other current assets88119348108239111
Total current assets:46,63547,13548,96449,36752,36456,646
Noncurrent Assets
Operating lease, right-of-use asset129145161177194 
Long-term investments and receivables6,1876,5787,2527,6611,8632,218
Long-term investments6,1876,5787,2527,6611,8632,218
Intangible assets, net (including goodwill)1,4271,5091,5921,675  
Intangible assets, net (excluding goodwill)1,4271,5091,5921,675  
Other undisclosed noncurrent assets1313 132,7702,846
Total noncurrent assets:7,7568,2459,0059,5264,8275,064
TOTAL ASSETS:54,39155,38057,96958,89357,19161,710
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6061,0581,5267351,0356,977
Taxes payable41192,952
Employee-related liabilities2656161
Accounts payable375601507348527490
Accrued liabilities2314571,0193573333,374
Other undisclosed current liabilities145175797738(2,966)
Total current liabilities:7511,2331,6058121,0734,011
Noncurrent Liabilities
Long-term debt and lease obligation:    111128 
Liabilities, other than long-term debt9741,0851,255976 102
Deferred income tax liabilities9141,0081,161976 102
Operating lease, liability 607794111128 
Other undisclosed noncurrent liabilities     (128) 
Total noncurrent liabilities:9741,0851,2551,087128102
Total liabilities:1,7252,3182,8601,8991,2014,113
Equity
Equity, attributable to parent52,66653,06255,10956,99455,99057,597
Common stock238239239237238239
Additional paid in capital67,20567,09966,93966,76766,59366,415
Accumulated other comprehensive loss (14)(14)(14)(14)(16)(15)
Accumulated deficit(14,763)(14,262)(12,055)(9,996)(10,825)(9,042)
Total equity:52,66653,06255,10956,99455,99057,597
TOTAL LIABILITIES AND EQUITY:54,39155,38057,96958,89357,19161,710

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues 283537    
Gross profit: 283537    
Operating expenses(832)(1,313)(1,334)(838)(834)(897)
Operating loss:(549)(776)(1,334)(838)(834)(897)
Nonoperating income (expense)3706746514,051(445)(434)
Investment income, nonoperating  (674)(4,293)3,727 (433)
Interest and debt expense    271  
Income (loss) from continuing operations before equity method investments, income taxes:(179)(102)(683)3,484(1,279)(1,331)
Loss from equity method investments     (879)
Income (loss) from continuing operations before income taxes:(179)(102)(683)3,484(1,279)(2,210)
Income tax expense (benefit)94153(459)(702)102452
Income (loss) from continuing operations:(85)51(1,142)2,782(1,177)(1,758)
Income (loss) before gain (loss) on sale of properties:2,782(1,177)(1,758)
Other undisclosed net income (loss)    (556)(355)446
Net income (loss):(85)51(1,142)2,226(1,532)(1,312)
Other undisclosed net income (loss) attributable to parent(391)(674)(566)   
Net income (loss) attributable to parent:(476)(623)(1,708)2,226(1,532)(1,312)
Other undisclosed net income available to common stockholders, basic   3,416   
Net income (loss) available to common stockholders, diluted:(476)(623)1,7082,226(1,532)(1,312)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(85)51(1,142)2,226(1,532)(1,312)
Comprehensive income (loss):(85)51(1,142)2,226(1,532)(1,312)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(391)(674)(566)2(1)(3)
Comprehensive income (loss), net of tax, attributable to parent:(476)(623)(1,708)2,228(1,533)(1,315)

Statements Sources

The financial statements are based on the Company's filings with 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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