Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 117

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 117
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3,436 Depreciation and amortization expense— 2,525 52 2,577 Change in fair value of acquisition-related contingent consideration— (6,300)— (6,300)General and administrative expense527 2,875 7,830 11,232 Other expense, net(13)(24)— (37)Income tax benefit— — (1,274)(1,274)Net income (loss)33,116 (9,763)(7,466)15,887 Included in Holding Company and Other are the expenses of the parent holding company and certain other enterprise-wide overhead costs, including public company costs and non-Enteris corporate employees, which have been included for purposes of reconciling to the consolidated amounts. 

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The following table presents total assets for the Company's reportable segments for the periods indicated (in thousands):December 31,20242023Total AssetsFinance Receivables$299,248 $288,735 Pharmaceutical Development and Other7,786 14,375 Holdings Company and Other25,201 31,144 Total$332,235 $334,254 

Note 14. Income Taxes  

The components of income before income tax expense (benefit) are as follows (in thousands):December 31,20242023U.S.$18,372 $14,613  The Company’s income tax expense (benefit) was as follows (in thousands):December 31,20242023Current expenseState$78 $13 Deferred expense (benefit)Federal 4,879 (1,233)State(73)(54)Total income tax expense (benefit)$4,884 $(1,274)The components of the income tax expense (benefit) are as follows (in thousands):December 31,20242023Federal tax provision at statutory rate$3,858 $3,070 Change in valuation allowance— (6,697)State taxes, net of federal income tax benefit(13)(52)Impairment of goodwill— 1,765 Mark-to-market adjustments(476)(50)Tax credits(4)(167)Contingent consideration revaluation(1,029)(1,323)Other143 116 Write off of expired deferred tax assets2,405 2,064 Total income tax expense (benefit)$4,884 $(1,274)