10-K Filing

SWK Holdings Corp CIK: 1089907 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-003550`
Period End Date	20121231
Filing Date	20130327
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	swkhob-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 24 Cash Flow Statement 36 Stockholders Equity 11

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.00M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$197.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$230.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.65M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$66.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.89M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$26.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$38.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.89M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.00K	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$6.27M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$13.00M	USD	Point-in-time
Total assets	`Assets`	$38.27M	USD	Point-in-time
Total assets	`Assets`	$45.32M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$91.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$187.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$187.00K	USD	Point-in-time
Interest reserve	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$63.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$41.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$250.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 42,894,894 and 41,647,394 shares issued and outstanding at December 31, 2012 and 2011, respectively	`CommonStockValue`	$42.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 42,894,894 and 41,647,394 shares issued and outstanding at December 31, 2012 and 2011, respectively	`CommonStockValue`	$43.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.32B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.32B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.28B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.28B	USD	Point-in-time
Total SWK Holdings Corporation stockholders equity	`StockholdersEquity`	$38.02M	USD	Point-in-time
Total SWK Holdings Corporation stockholders equity	`StockholdersEquity`	$37.19M	USD	Point-in-time
Non-controlling interests in consolidated partnership	`MinorityInterest`	$7.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.01M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$38.27M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$637.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.24M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.54M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$2.24M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$1.54M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.54M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.60M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$284.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$158.00K	USD	Annual
Gain on sale of assets	`GainFromAssetSale`	$169.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.09M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.45M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-24.00K	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-26.00K	USD	Annual
Consolidated net and comprehensive loss	`ProfitLoss`	$-1.07M	USD	Annual
Consolidated net and comprehensive loss	`ProfitLoss`	$-1.42M	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net and comprehensive loss attributable to SWK Holdings Corporation Shareholders	`NetIncomeLoss`	$-1.07M	USD	Annual
Net and comprehensive loss attributable to SWK Holdings Corporation Shareholders	`NetIncomeLoss`	$-1.42M	USD	Annual
Basic and diluted net loss per share attributable to SWK Holdings Corporation Shareholders (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Basic and diluted net loss per share attributable to SWK Holdings Corporation Shareholders (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Shares used in computing basic and diluted net loss per share (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.25M	shares	Annual
Shares used in computing basic and diluted net loss per share (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.25M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.07M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.42M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00K	USD	Annual
Gain on sale of assets	`GainFromAssetSale`	$169.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$81.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$586.00K	USD	Annual
Other non-cash gain	`OtherNoncashIncome`	$24.00K	USD	Annual
Other non-cash gain	`OtherNoncashIncome`	$26.00K	USD	Annual
Change in fair value of warrant liability	`IncreaseDecreaseInOtherCurrentLiabilities`	$-30.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$197.00K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00K	USD	Annual
Interest reserve	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-94.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.23M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	Annual
Issuance of finance receivables	`PaymentsToAcquireFinanceReceivables`	$6.50M	USD	Annual
Investment in unconsolidated partnership	`PaymentsToAcquireEquityMethodInvestments`	$13.00M	USD	Annual
Proceeds from Asset Sale, net	`ProceedsFromAssetSale`	$169.00K	USD	Annual
Proceeds from Asset Sale, net	`ProceedsFromAssetSale`	$40.60M	USD	Point-in-time
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$169.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.50M	USD	Annual
Contributions from non-controlling interest partner	`ProceedsFromMinorityShareholders`	$7.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.00M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.06M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.62M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.01M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$81.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$586.00K	USD	Annual
Contribution from non-controlling partner	`MinorityInterestIncreaseFromStockIssuance`	$7.00M	USD	Annual
Total comprehensive and net loss	`ProfitLoss`	$-1.07M	USD	Annual
Total comprehensive and net loss	`ProfitLoss`	$-1.42M	USD	Annual
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.01M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.