10-Q Filing

SWK Holdings Corp CIK: 1089907 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-009047`
Period End Date	20140331
Filing Date	20140514
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	swkhob-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 33 Cash Flow Statement 39 Comprehensive Income 7

Balance Sheet 72 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`	$24.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	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
Accounts receivable	`AccountsReceivableNetCurrent`	$356.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$528.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$289.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$660.00K	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$957.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.03M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.17M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$164.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$111.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.17M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.58M	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$40.71M	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetNoncurrent`	$28.63M	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$3.12M	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$3.12M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$9.95M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$10.43M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.99M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.64M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$488.00K	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$523.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$422.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$211.00K	USD	Point-in-time
Total assets	`Assets`	$61.58M	USD	Point-in-time
Total assets	`Assets`	$69.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$809.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$809.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$363.00K	USD	Point-in-time
Loan credit agreement	`LongTermLineOfCredit`	$11.00M	USD	Point-in-time
Loan credit agreement	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$250.00K	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$292.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$3.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.66M	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 43,174,894 and 43,034,894 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$43.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 43,174,894 and 43,034,894 shares issued and outstanding at March 31, 2014 and December 31, 2013, 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`	$-4.27B	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`	$51.84M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$5.61M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$7.00M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$5.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$57.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.92M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$69.25M	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`	$374.00K	USD	1 Quarter
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$2.03M	USD	1 Quarter
Marketable investments interest income	`InvestmentIncomeInterest`	$91.00K	USD	1 Quarter
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Management fees	`ManagementFeesRevenue`	$56.00K	USD	1 Quarter
Management fees	`ManagementFeesRevenue`	$42.00K	USD	1 Quarter
Total Revenues	`Revenues`	$3.67M	USD	1 Quarter
Total Revenues	`Revenues`	$430.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$669.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$390.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$669.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$390.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$40.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.00M	USD	1 Quarter
Interest and other income (expense), net	`InterestAndOtherIncome`	$23.00K	USD	1 Quarter
Interest and other income (expense), net	`InterestAndOtherIncome`	$-34.00K	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.00K	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.96M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$706.00K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$60.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$2.26M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$801.00K	USD	1 Quarter
Net income attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$1.46M	USD	1 Quarter
Net income attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$60.00K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.46M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.32M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.53M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.40M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$60.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.26M	USD	1 Quarter
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$1.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$706.00K	USD	1 Quarter
Interest income in excess of cash collected	`OtherNoncashIncome`	$431.00K	USD	1 Quarter
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$72.00K	USD	1 Quarter
Change in fair value of warrants	`IncreaseDecreaseInOtherCurrentLiabilities`	$-154.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$60.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$76.00K	USD	1 Quarter
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$35.00K	USD	1 Quarter
Other non-cash expense	`OtherNoncashExpense`	$4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-172.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-105.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-250.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$138.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$273.00K	USD	1 Quarter
Interest reserve	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-250.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$443.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$77.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.00K	USD	1 Quarter
Net increase in finance receivables	`PaymentsToAcquireFinanceReceivables`	$11.97M	USD	1 Quarter
Cash distributions from investments in unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$1.98M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.00K	USD	1 Quarter
Proceeds from loan credit agreement	`ProceedsFromLongTermLinesOfCredit`	$6.00M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsToMinorityShareholders`	$1.05M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.95M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$164.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.75M	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`	$3.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.75M	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`	$3.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.66M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$60.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.26M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.26M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$801.00K	USD	1 Quarter
Comprehensive income attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.46M	USD	1 Quarter
Comprehensive income attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$60.00K	USD	1 Quarter

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