Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 13

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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March 31,2025December 31,2024Assets:Current assets:Cash and cash equivalents$29,809 $5,927 Interest, accounts receivable and other receivables, net4,676 5,788 Assets held for sale, net (Note 4)6,409 6,398 Finance receivables and related interest receivable held for sale (Note 4)33,990 — Other current assets1,054 2,141 Total current assets75,938 20,254 Finance receivables, net of allowance for credit losses of $8,785 and $11,249 as of March 31, 2025 and December 31, 2024, respectively223,076 277,760 Collateral on foreign currency forward contract2,750 2,750 Marketable investments455 580 Deferred tax assets, net22,219 23,484 Warrant assets4,245 4,366 Property and equipment, net28 48 Other non-current assets2,553 2,993 Total assets$331,264 $332,235 Liabilities and Stockholders' Equity:Current liabilities:Accounts payable and accrued liabilities$2,045 $2,810 Liabilities held for sale (Note 4)1,325 1,255 Deferred income3,349 1,500 Total current liabilities6,719 5,565 Unsecured senior notes, net31,567 31,412 Revolving credit facility— 6,233 Other non-current liabilities309 335 Total liabilities38,595 43,545 Commitments and contingencies (Note 7)Stockholders’ equity:Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding— — Common stock, $0.001 par value; 250,000,000 shares authorized; 12,222,522 and 12,213,599 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively12 12 Additional paid-in capital4,419,431 4,419,991 Accumulated deficit(4,126,774)(4,131,313)Total stockholders' equity292,669 288,690 Total liabilities and stockholders' equity$331,264 $332