Company: SWKH
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001628280-25-013989
Chunk: 97

Company: SWK Holdings Corp
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 97
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$31,846 $288,405 

50

Note 5. Property and Equipment, Net

As of December 31, 2024,  property and equipment, net, excluded $4.6 million that are included in assets held for sale on the consolidated balance sheet. See Note 7 for further details. Property and equipment, net consisted of the following (in thousands):            December 31, 2024December 31, 2023Production equipment and other$— $4,079 Furniture and fixtures139 198 Leasehold improvements13 3,645 Capitalized software16 192 Total168 8,114 Less accumulated depreciation and amortization(120)(2,676)Property and equipment, net$48 $5,438 

Depreciation and amortization expense on property and equipment was $0.9 million and $0.8 million for the year ended  December 31, 2024 and 2023, respectively. 

51

Note 6. Marketable Investments

Investments in corporate debt and equity securities as of December 31, 2024 and 2023 consist of the following (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 202