Company: SWKH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050155
Chunk: 80

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 the expected life range weighted average was 5.8 years, and had a median of 4.3 years. As of September 30, 2025 the expected volatility range weighted average was 70.1%, and had a median of 87.6%. As of December 31, 2024 the expected volatility range weighted average was 65.6%, and had a median of 104.3%.As of September 30, 2025 and December 31, 2024, the Company had three royalties, Best, Ideal, and Flowonix that were deemed to be impaired based on reductions in carrying value. During three months ended September 30, 2025 the Company recognized an impairment reduction in carrying value of one royalty, Ideal. During the nine months ended September 30, 2025, the Company recognized impairment based on a reduction in carrying value of two royalties, Flowonix and Ideal. As of December 31, 2024, the Company had one loan, BIOLASE, that was deemed to be impaired based on reduction in carrying value in prior periods. The following table presents the royalties and the loan measured at amortized cost using the effective interest method, which approximates fair value, on a nonrecurring basis as of September 30, 2025 and 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)September 30, 2025$11,502 $— $— $11,502 December 31, 2024$14,830 $— $— $14,830     There were no liabilities measured at fair value on a nonrecurring basis as of September 30, 2025 and December 31, 2024.The following information is provided to help readers gain an understanding of the relationship between amounts reported in the accompanying unaudited condensed consolidated financial statements and the related market or fair value. The disclosures include financial instruments and derivative financial instruments measured at fair value on a recurring and non-recurring basis.The following table presents the fair value of financial assets as of September 30, 2025 (in thousands):Carrying ValueFair ValueLevel 1Level 2