Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 38

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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6.91.9 to 6.9Expected volatility range53.0% to 162.4%56.0% to 177.7%The warrant assets are valued using a market approach and include significant unobservable inputs such as risk-free rate, expected life, and expected volatility. As of March 31, 2025 the risk-free rate range weighted average was 4.1%, and had a median of 4.0%. As of December 31, 2024, the risk-free rate range weighted average was 4.4%, and had a median of 4.4%. As of March 31, 2025 the expected life range weighted average was 5.7 years, and had a median of 4.4 years. As of December 31, 2024 the expected life range weighted average was 5.8 years, and had a median of 4.3 years. As of March 31, 2025 the expected volatility range weighted average was 67%, and had a median of 88.0%. As of December 31, 2024 the expected volatility range weighted average was 65.6%, and median of 104.3%.As of March 31, 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 the three months ended March 31, 2025, the Company recognized impairment based on a reduction in carrying value of one royalty, Flowonix. 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 March 31, 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)March 31, 2025$12,819 $— $— $12,819 December 31, 2024$14