Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 71

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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ominated in a foreign currency. The foreign currency forward contract is not designated as a hedging instrument, and changes in fair value are recognized in earnings. The foreign currency forward contract was recorded in other non-current assets in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 and totaled to $2.1 million and $2.5 million, respectively. The Company recognized a loss of $0.4 million and a gain of $0.9 million due to changes in fair value related to its foreign currency forward contract during the three months ended March 31, 2025 and 2024, respectively.The following table presents financial assets measured at fair value on a recurring basis as of March 31, 2025 (in thousands):Total  Carrying Value in  Consolidated  Balance SheetsQuoted Prices  in Active  Markets for  Identical Assets  or Liabilities  (Level 1)Significant  Other  Observable  Inputs  (Level 2)Significant  Unobservable  Inputs  (Level 3)Financial AssetsWarrant assets$4,245 $— $— $4,245 Marketable investments455 442 — 13 Foreign currency forward contract2,066 — — 2,066 The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 (in thousands):Total Carrying  Value in  Consolidated  Balance  SheetsQuoted Prices  in Active  Markets for  Identical Assets  or Liabilities  (Level 1)Significant  Other  Observable  Inputs  (Level 2)Significant  Unobservable  Inputs  (Level 3)Financial AssetsWarrant assets$4,366 $— $— $4,366 Marketable investments580 559 — 21 Foreign currency forward contract2,475 — — 2,475 Three Months Ended March 31, 2025Three Months Ended March 31, 2024Fair value - December 31, 2024$4,366 Fair value - December 31, 2023$1,759 Issued253 Issued— Exercised— Exercised(984)Change in fair value(424)Change in fair value(95)Gain on foreign currency transactions50 Loss on foreign currency transactions(70)