10-Q Filing

SWK Holdings Corp CIK: 1089907 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-010653`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	swkhob-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 59 Cash Flow Statement 38

Balance Sheet 67 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.65M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.85M	USD	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$634.00K	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
Accounts receivable	`AccountsReceivableNetCurrent`	$89.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$295.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.03M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$26.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$6.27M	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$14.08M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$13.00M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$11.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$147.00K	USD	Point-in-time
Total assets	`Assets`	$45.32M	USD	Point-in-time
Total assets	`Assets`	$44.94M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$143.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$91.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00K	USD	Point-in-time
Interest reserve	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Interest reserve	`OtherLiabilitiesNoncurrent`	$634.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$51.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$41.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$828.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`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; 43,034,894 and 42,894,894 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$43.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 43,034,894 and 42,894,894 shares issued and outstanding at June 30, 2013 and December 31, 2012, 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`	$37.76M	USD	Point-in-time
Total SWK Holdings Corporation stockholders equity	`StockholdersEquity`	$37.19M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$6.35M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$7.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.11M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$44.94M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$553.00K	USD	1 Quarter
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$927.00K	USD	2 Qtrs
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$414.00K	USD	2 Qtrs
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$414.00K	USD	1 Quarter
Management fees	`ManagementFeesRevenue`	$43.00K	USD	1 Quarter
Management fees	`ManagementFeesRevenue`	$99.00K	USD	2 Qtrs
Total Revenues	`Revenues`	$1.01M	USD	1 Quarter
Total Revenues	`Revenues`	$1.44M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$711.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.01M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$424.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$814.00K	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$814.00K	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$1.01M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$424.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$711.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$626.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-711.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.01M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$586.00K	USD	1 Quarter
Interest and other income, net	`InterestAndOtherIncome`	$15.00K	USD	1 Quarter
Interest and other income, net	`InterestAndOtherIncome`	$45.00K	USD	1 Quarter
Interest and other income, net	`InterestAndOtherIncome`	$38.00K	USD	2 Qtrs
Interest and other income, net	`InterestAndOtherIncome`	$90.00K	USD	2 Qtrs
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-921.00K	USD	2 Qtrs
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-666.00K	USD	1 Quarter
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$664.00K	USD	2 Qtrs
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$601.00K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$10.00K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.00K	USD	2 Qtrs
Consolidated net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$654.00K	USD	2 Qtrs
Consolidated net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$594.00K	USD	1 Quarter
Consolidated net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-667.00K	USD	1 Quarter
Consolidated net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-923.00K	USD	2 Qtrs
Net income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$214.00K	USD	1 Quarter
Net income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$214.00K	USD	2 Qtrs
Net and comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$-667.00K	USD	1 Quarter
Net and comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$-923.00K	USD	2 Qtrs
Net and comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$380.00K	USD	1 Quarter
Net and comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$440.00K	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.33M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.25M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.35M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.25M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.41M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.25M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.40M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.25M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-923.00K	USD	2 Qtrs
Net income (loss)	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$654.00K	USD	2 Qtrs
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$414.00K	USD	2 Qtrs
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$414.00K	USD	1 Quarter
Loan fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$144.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$106.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$132.00K	USD	2 Qtrs
Other non-cash expense	`OtherNoncashExpense`	$4.00K	USD	2 Qtrs
Other non-cash expense	`OtherNoncashExpense`	$7.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-108.00K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-366.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.00K	USD	2 Qtrs
Interest reserve	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-366.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$227.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-552.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$385.00K	USD	2 Qtrs
Issuance of finance receivables	`PaymentsToAcquireLoansReceivable`	$8.00M	USD	2 Qtrs
Repayment of finance receivables	`ProceedsFromCollectionOfNotesReceivable`	$122.00K	USD	2 Qtrs
Cash distributions on investments in unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$1.62M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.26M	USD	2 Qtrs
Distribution to non-controlling interests	`PaymentsToMinorityShareholders`	$866.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-866.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-554.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.74M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.85M	USD	Point-in-time
Cash and cash equivalents at end 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`	$37.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.85M	USD	Point-in-time

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