Company: SWKH
Filing Date: 2025-04-29
Form Type: ARS
Source: 0001628280-25-020753
Chunk: 91

Company: SWK Holdings Corp
Filing Date: 2025-04-29
Form: ARS
Chunk 91
---
Lease Termination”). The Lease Termination terminated the Company’s rights and obligations with respect to the leased premises on June 30, 2024. As such, the ROU assets and operating lease liabilities were written off, and the Company recorded a gain of $3 thousand for the year ended December 31, 2024 and paid an early termination fee of $9 thousand.

The Enteris headquarters is located in Boonton, New Jersey, where Enteris leases approximately 32,000 square feet of space. Total rent expense recognized under the lease was $0.3 million for both the years ended December 31, 2024 and 2023. The office lease expires in December 2029 with an option to renew for an additional five years.

Cash paid for amounts included in the measurement of operating lease liabilities was $0.5 million and $0.4 million for the years ended December 31, 2024 and 2023 and right-of-use assets obtained in exchange for new operating lease obligations was $0.5 million and $0.6 million.

The components of lease cost is as follows (in thousands):

|                      |     | December 31, | 2024 |     |   | 2023 |
|:---------------------|:----|:-------------|-----:|:----|:--|-----:|
| Operating lease cost |     | $            |  474 |     | $ |  472 |
| Variable lease cost  |     |              |   63 |     |   |   49 |
| Total lease cost     |     | $            |  537 |     | $ |  521 |

Supplemental balance sheet information related to operating leases is as follows (in thousands):

|                                                                                                                                                                                     |     |                               | Balance Sheet Location | December 31, | 2024 |     |   |  2023 |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------------|:-----------------------|:-------------|-----:|:----|:--|------:|
| Operating lease right-of-use assets(1)                                                                                                                                              |     | Other non-current assets      |                        | $            |  518 |     | $ | 2,085 |
| Operating lease liabilities, current                                                                                                                                                |     | Other current liabilities     |                        |              |  130 |     |   |   367 |
| Operating lease liabilities, non-current                                                                                                                                            |     | Other non-current liabilities |