Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 111

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 111
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2023 and totaled to $2.5 million and $1.0 million, respectively. The Company recognized a $1.5 million and $1.7 million gain due to changes in fair value related to its foreign currency forward contract for the years ended December 31, 2024 and December 31, 2023, respectively. 

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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 The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 (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$1,759 $— $— $1,759 Marketable investments48 — — 48 Foreign currency forward contract974— — 974Financial liabilities:Contingent consideration payable$4,900 $— $— $4,900 The contingent consideration payable was valued using a discounted cash flow approach and included a significant unobservable input which is the discount rate. During the year ended December 31, 2024, there was a write off of the full balance of contingent consideration liability due to the non-viability of the underlying product. See Note 9 for further information.The changes on the value of the warrant assets during the years ended December 31, 2024 and 2023 were as follows (in thousands): Fair Value - January 1, 2023$1,220 Issuance1,364 Cancelled(770)Decrease in fair value(55)Fair Value - December