10-K Filing

SWK Holdings Corp CIK: 1089907 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001437749-14-005426`
Period End Date	20131231
Filing Date	20140331
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	swkhob-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 33 Cash Flow Statement 48 Stockholders Equity 12 Comprehensive Income 7

Balance Sheet 69 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`	$7.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	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 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
Accounts receivable	`AccountsReceivableNetCurrent`	$197.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$528.00K	USD	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 authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$660.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.03M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$164.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.89M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.03M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.05M	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$28.63M	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$6.27M	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$3.12M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$10.43M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$13.00M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$523.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$206.00K	USD	Point-in-time
Total assets	`Assets`	$61.58M	USD	Point-in-time
Total assets	`Assets`	$45.32M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$91.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$363.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00K	USD	Point-in-time
Interest reserve	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Loan credit agreement	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$292.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$41.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$3.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	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 December 31, 2013 and 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 December 31, 2013 and 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`	$-4.27B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.28B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total SWK Holdings Corporation stockholders equity	`StockholdersEquity`	$50.30M	USD	Point-in-time
Total SWK Holdings Corporation stockholders equity	`StockholdersEquity`	$37.19M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$7.00M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$5.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.92M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$61.58M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$3.09M	USD	Annual
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$497.00K	USD	Annual
Marketable investments interest income	`InvestmentIncomeInterest`	$166.00K	USD	Annual
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.78M	USD	Annual
Management fees	`ManagementFeesRevenue`	$412.00K	USD	Annual
Management fees	`ManagementFeesRevenue`	$140.00K	USD	Annual
Total Revenues	`Revenues`	$6.45M	USD	Annual
Total Revenues	`Revenues`	$637.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.24M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.75M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$2.24M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$1.75M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.60M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$4.70M	USD	Annual
Interest and other income (expense), net	`InterestAndOtherIncome`	$158.00K	USD	Annual
Interest and other income (expense), net	`InterestAndOtherIncome`	$-209.00K	USD	Annual
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.49M	USD	Annual
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.45M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-9.84M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-24.00K	USD	Annual
Consolidated net income (loss)	`ProfitLoss`	$14.33M	USD	Annual
Consolidated net income (loss)	`ProfitLoss`	$-1.42M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.47M	USD	Annual
Net income (loss) attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$-1.42M	USD	Annual
Net income (loss) attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$12.86M	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.31	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.25M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.34M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.44M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.25M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$14.33M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.42M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.80M	USD	Annual
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.78M	USD	Annual
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$702.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.00K	USD	Annual
Payment-in-kind interest income	`PaidInKindInterest`	$-119.00K	USD	Annual
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$47.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$254.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$586.00K	USD	Annual
Other non-cash gain	`OtherNoncashIncome`	$24.00K	USD	Annual
Change in fair value of warrants	`IncreaseDecreaseInOtherCurrentLiabilities`	$190.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$331.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$197.00K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.00M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00K	USD	Annual
Interest reserve	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.00M	USD	Annual
Interest reserve	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$234.00K	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-94.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.34M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	Annual
Issuance of finance receivables	`PaymentsToAcquireFinanceReceivables`	$29.63M	USD	Annual
Issuance of finance receivables	`PaymentsToAcquireFinanceReceivables`	$6.50M	USD	Annual
Repayment of finance receivables	`ProceedsFromCollectionOfNotesReceivable`	$7.21M	USD	Annual
Investment in unconsolidated entities	`PaymentsToAcquireEquityMethodInvestments`	$13.00M	USD	Annual
Distributions on investments in unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$5.35M	USD	Annual
Investment in marketable investments	`PaymentsToAcquireMarketableSecurities`	$3.00M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.50M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.07M	USD	Annual
Contributions from non-controlling interests	`ProceedsFromMinorityShareholders`	$7.00M	USD	Annual
Net proceeds from loan credit agreement	`ProceedsFromLongTermLinesOfCredit`	$4.66M	USD	Annual
Distribution to non-controlling interests	`PaymentsToMinorityShareholders`	$2.86M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.92M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.62M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.66M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.66M	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

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.92M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$254.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$586.00K	USD	Annual
Distribution to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.86M	USD	Annual
Contribution from non-controlling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$7.00M	USD	Annual
Total comprehensive and net loss	`ProfitLoss`	$14.33M	USD	Annual
Total comprehensive and net loss	`ProfitLoss`	$-1.42M	USD	Annual
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$44.19M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.02M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.92M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$14.33M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.42M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.42M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$14.33M	USD	Annual
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.47M	USD	Annual
Comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.42M	USD	Annual
Comprehensive income (loss) attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.86M	USD	Annual

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