NETWORK-1 TECHNOLOGIES, INC. — Regulatory Filings 2020

May 15, 2020

NT 10-Q 1 nt10q_33120-18397.htm FORM 12B-25 (MARCH 31, 2020) Field: Rule-Page

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FORM 12b-25
NOTIFICATION OF LATE FILING

(Check one):
For Period Ended: March 31, 2020 [] Transition Report on Form 10-K [] Transition Report on Form 20-F [] Transition Report on Form 11-K [] Transition Report on Form 10-Q For the Transition Period Ended: ____________________

Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

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PART I — REGISTRANT INFORMATION

| NETWORK-1

TECHNOLOGIES, INC.
Full Name of Registrant
Former Name if Applicable
445 Park Avenue, Suite 912
Address of Principal Executive Office (Street and Number)
New York, New York 10022
City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

| [X] | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | | --- | --- | | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | | (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)

The Company was unable to file its Form 10-Q for the quarter ended March 31, 2020 within the prescribed time period without unreasonable effort or expense because of certain unresolved issues pertaining to finalizing the Company's financial statements and certain disclosures.

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PART IV — OTHER INFORMATION

(1)	Name and telephone number of person to contact in regard to this notification — David C. Kahn, Chief Financial Officer	(516)	242-7946
	(Name)	(Area Code)	(Telephone Number)
(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange
Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify
report(s).
	Yes [X] NO [_]
(3)	Is it anticipated that any significant change in results of operations from the corresponding
period for the last fiscal year will be reflected by the earnings statements to be included in the subject
report or portion thereof?
	Yes [X] NO [_]
	If so, attach an explanation of the anticipated change, both narratively and quantitatively,
and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

NETWORK-1 TECHNOLOGIES, INC.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

| Date: | /s/ David C. Kahn | | --- | --- | | Name: | David C. Kahn | | Title: | Chief Financial Officer |

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

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ATTACHMENT

12B-25. Part IV (3)

The Registrant estimates that it will report for the three months ended March 31, 2020 a net loss of approximately $(1,337,000) as compared to a net loss of $(240,000) for the three months ended March 31, 2019.