Company: SWKH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050155
Chunk: 48

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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630 C$1.81 — — — Nicoya Lifesciences, Inc117,305 C$6.26 — — — Shield Warrant8,910,540 $0.14 482 232 197 MedMinder, System, Inc. Tranche 157,859 $10.37 .— MedMinder Systems, Inc. Tranche 27,233 $10.37 — — — Neolight, LLC105,048 $7.62 — — MolecuLight, Inc.394,322 C$0.84 — — — Revenue RecognizedAssetsQ3 2025Year-to-DateTotal finance receivables, gross$253,136 $10,822 $30,077 Total marketable investments275 — — Total fair value of warrant assets7,599 — — Total$261,010 $10,822 $30,077 

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 (1)US royalty was paid off but continues to receive insignificant royalties on international sales.(2)Investment considered partially impaired.(3)Investment on non-accrual.(4)Flowonix Medical assets were sold to a medical device company in a prior period. In exchange for releasing its lien, SWK received cash at close and is expected to receive royalties on sales of two products.(5)AOTI warrants exercised and converted to shares.(6)Royalties sold as of September 30, 2025(7)Investment was paid off during the nine months ended September 30, 2025(8)Elutia common stock received as part of amendment to term loan.

Unless otherwise specified, our senior secured debt assets generally are repaid by a revenue interest that is charged on a company’s quarterly net sales and royalties.

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Critical Accounting Policies and Estimates 

Our critical accounting policies and estimates are described in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report. We believe there have been no new critical accounting policies or material changes to our existing critical accounting policies and estimates during the nine months ended September 30, 2025, compared to those discussed in our Annual Report.

Recent Accounting Pronouncements

Refer to Part I. Financial Information, Item 1. Financial Statements, Note 1 of the notes to the