Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 41

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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aceutical manufacturing, research and development expense— 758 — 758 Depreciation and amortization expense— — 19 19 General and administrative expense55 704 2,518 3,277 Other expense, net(2,214)(82)— (2,296)Income tax expense— — 1,278 1,278 Net income (loss)9,786 (536)(4,711)4,539 Three Months Ended March 31, 2024Finance ReceivablesPharmaceutical Development and OtherHolding Company and OtherConsolidatedRevenue$11,035 $279 $— $11,314 Other revenue46 — — 46 Provision for credit losses5,297 — — 5,297 Interest expense1,256 — — 1,256 Pharmaceutical manufacturing, research and development expense— 530 — 530 Depreciation and amortization expense— 492 22 514 General and administrative expense78 710 1,896 2,684 Other expense, net(382)— — (382)Income tax benefit— — 229 229 Net income (loss)4,068 (1,453)(2,147)468 The following table presents total assets for the Company's reportable segments for the periods indicated (in thousands):March 31, 2025December 31, 2024Total AssetsFinance receivables$297,961 $299,248 Pharmaceutical development and other9,013 7,786 Holdings Company and other24,290 25,201 Total$331,264 $332,235 

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ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is provided as a supplement to, and should be read in conjunction with, our audited consolidated financial statements, and the MD&A included in our Annual Report on Form 10-K for the year ended December 31, 2024 (“Annual Report”), as well as our unaudited condensed consolidated financial statements and the accompanying notes included in this report.

Overview 

We have organized our operations into two segments: Finance Receivables and Pharmaceutical Development. These segments reflect the way the Company evaluates its business performance and