Company: SWKH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025955
Chunk: 37

Company: SWK Holdings Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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  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$4,245 $— $— $4,245 Marketable investments455 442 — 13 Foreign currency forward contract2,066 — — 2,066 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 Three Months Ended March 31, 2025Three Months Ended March 31, 2024Fair value - December 31, 2024$4,366 Fair value - December 31, 2023$1,759 Issued253 Issued— Exercised— Exercised(984)Change in fair value(424)Change in fair value(95)Gain on foreign currency transactions50 Loss on foreign currency transactions(70)Fair value - March 31, 2025$4,245 Fair value - March 31, 2024$610 

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The Company holds warrants issued to the Company in conjunction with certain term loan investments. These warrants meet the definition of a derivative and are included in the unaudited condensed consolidated balance sheets. The fair values for warrants outstanding, which do not have a readily determinable value, are measured using the Black-Scholes option pricing model. The following ranges of assumptions were used in the models to determine fair value:March 31, 2025December 31, 2024Dividend rate range— — Risk-free rate range3.9% to 4.4% 4.2% to 4.5%Expected life (years) range1.6 to