Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 44

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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— — Epica International, Inc. TBD — — — Eton Pharmaceuticals, Inc. Tranche 151,239 5.86 403 (21)Eton Pharmaceuticals, Inc. Tranche 218,141 6.62 141 (7)Eton Pharmaceuticals, Inc. Tranche 3289,736 5.32 2,922 (86)Shield Warrant8,910,540 0.14 179 (22)MedMinder, System, Inc. Tranche 157,859 10.37 — — MedMinder Systems, Inc. Tranche 214,465 10.37 — — Neolight, LLC52,524 7.62 — — MolecuLight, Inc. TBD — — — Revenue  RecognizedAssetsYear-to-DateTotal finance receivables, gross$231,861 $8,688 Total finance receivables and related interest receivable held for sale33,990 2,024 Total marketable investments455 — Total fair value of warrant assets4,245 — Total$270,551 $10,712 

 (1)US royalty was paid off continues to receive insignificant royalties on international sales.(2)Investment considered partially impaired.(3)Investment on non-accrual.(4)Investment was paid off and SWK continues to receive royalties on actual sales.(5)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. (6)AOTI warrants exercised and converted to shares.(7)As of March 31, 2025 these royalties are included in finance receivables held for sale(8)Investment was paid off  during the three months ended March 31, 2025

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.

25

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