Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 180

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 180
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 (in thousands):Year Ended December 31,20242023Corporate debt securities$21 $48 Equity securities559 — Total marketable investments$580 $48  The amortized cost basis amounts, gross unrealized holding gains, gross unrealized holding losses and fair values of available-for-sale debt securities as of December 31, 2024 and 2023, are as follows (in thousands):Amortized CostGross Unrealized Gains Gross Unrealized LossesFair ValueDecember 31, 2024$21 $— $— $21 December 31, 2023$48 $— $— $48 Equity SecuritiesDuring the year ended December 31, 2024 the Company exercised its right to purchase AOTI, Inc ("AOTI") restricted stock. Upon exercise, the Company received 402,634 shares of AOTI restrictedstock with a fair value of $0.7 million, or $1.68 per share. The restricted stock can be converted into publicly traded common shares one year after the exercise date. The following table presents gains and losses on equity securities as prescribed by ASC 321, Investments - Equity Securities during the year ended December 31, 2024 and 2023 (in thousands):December 31,20242023Net (gain) loss on equity securities during the period$(180)$799 Add: Net gain (loss) on warrants exercised or cancelled during the period445 $(799)Add: Net loss recognized on equity securities sold during the period(180)— Unrealized loss on equity securities held at the end of the period$85 $— 

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Note 7. Assets and Liabilities Held for Sale

With an effective date of January 1, 2024, the Company entered into an Option and Asset Purchase Agreement with a strategic partner on March 14, 2024, which granted the strategic partner an exclusive option to acquire certain of Enteris’ assets related to its business of providing CDMO services to third parties, subject to certain exclusions. The strategic partner must exercise the Option by or before January 1, 2026. As we expect the strategic partner to exercise the Option within the next 12 months from the year ended December 31, 2024, certain assets and liabilities of the Enteris business have been classified as held for sale. The assets and liabilities held for sale represent the major operating assets