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

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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— — Repurchases of common stock in open market(52,337)— (867)— (867)Net income— — — 4,539 4,539 Balances at March 31, 202512,222,522 12 4,419,431 (4,126,774)292,669 

Three Months Ended March 31, 2024Common StockAdditional Paid-In CapitalAccumulated DeficitTotal Stockholders' EquitySharesAmountBalances at December 31, 202312,497,770 $12 $4,425,104 $(4,144,801)$280,315 Stock-based compensation— — 111 — 111 Issuance of restricted common stock48,918 — — — — Forfeiture of unvested restricted stock(6,446)— — — — Repurchases of common stock in open market(58,298)— (999)— (999)Net income— — — 468 468 Balances at March 31, 202412,481,944124,424,216(4,144,333)279,895

See accompanying notes to the unaudited condensed consolidated financial statements.

3

SWK HOLDINGS CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)Three Months EndedMarch 31,20252024Cash flows from operating activities:Net income$4,539 $468 Adjustments to reconcile net income to net cash provided by operating activities:Provision (benefit) for credit losses(1,465)5,297 Right-of-use amortization and cease use costs80 91 Amortization of debt issuance costs262 248 Deferred income taxes, net1,265 229 Unrealized net loss on warrants424 95 Net loss from exercise and cancellation of warrants— 143 Loss from sale of assets82 — Loss on revaluation of finance receivables held for sale3,727 — Foreign currency transaction (gain) loss(558)783 Loss on marketable investments105 231 Loan discount amortization and fee accretion(1,487)(837)Interest paid-in-kind(186)(478)Stock-based compensation307 111 Depreciation and amortization expense19 514 Changes in operating assets and liabilities