Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 103

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 103
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 consolidated statements of income. In March of 2023, the Company entered into a new lease for office space in Dallas, Texas on Sherry Lane. The Company’s corporate office space in Dallas, Texas totals approximately 4,450 square feet.On June 10, 2024, the Company entered into a lease termination agreement to its Preston Road office lease in Dallas (the “Lease Termination”). The Lease Termination terminated the Company’s rights and obligations with respect to the leased premises on June 30, 2024. As such, the ROU assets and operating lease liabilities were written off, and the Company recorded a gain of $3 thousand for the year ended December 31, 2024 and paid an early termination fee of $9 thousand. The Enteris headquarters is located in Boonton, New Jersey, where Enteris leases approximately 32,000 square feet of space. Total rent expense recognized under the lease was $0.3 million for both the years ended December 31, 2024 and 2023. The office lease expires in December 2029 with an option to renew for an additional five years.Cash paid for amounts included in the measurement 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