Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 186

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 186
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 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 31,20242023Operating lease cost$474 $472 Variable lease cost63 49 Total lease cost$537 $521 Supplemental balance sheet information related to operating leases is as follows (in thousands):December 31,Balance Sheet Location20242023Operating lease right-of-use assets (1)Other non-current assets$518 $2,085 Operating lease liabilities, currentOther current liabilities130 367 Operating lease liabilities, non-currentOther non-current liabilities468 1,863 Total operating lease liabilities (1)$598 $2,230 (1) As of December 31, 2024 operating lease right-of-use assets exclude $1.2 million that are included in assets held for sale, net, on the consolidated balance sheet.  See Note 7.(2)  As of December 31, 2024 total operating lease liabilities exclude  $1.3 million that are included in liabilities held for sale on the consolidated balance sheet.  See Note 7.December 31,20242023Weighted-average remaining lease term (years)3.75.3Weighted-average discount rate7.1 %6.3 %

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Future minimum rent on the Company's operating leases is as follows (in thousands):2025179 2026183 2027188 2028128 Total future lease payments (1)$678 (1) As of December 31, 2024, total future lease payments exclude $1.4 million of lease payments related to held for sale leases, of which $0.3 million  are due in 2025.Contingent ConsiderationDuring fiscal year 2019 the Company recorded contingent consideration related to the 2019 acquisition of Enteris and sharing of certain milestone and royalties due to Enteris pursuant to the License Agreement. Contingent consideration is remeasured to fair value at each reporting date until the contingency is resolved, with changes in the estimated fair value recognized in earnings. During the year ended December 31, 2024, it was determined the milestones and royalties pursuant to the License Agreement would not be realized as a result