10-K Filing

SWK Holdings Corp CIK: 1089907 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001552781-15-000357`
Period End Date	20141231
Filing Date	20150327
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	swkhob-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 63 Stockholders Equity 15 Comprehensive Income 14

Balance Sheet 74 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`	$7.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.73M	USD	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
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
Accounts receivable	`AccountsReceivableNetCurrent`	$528.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.05M	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`	$19.00K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$660.00K	USD	Point-in-time
Finance receivables	`NotesAndLoansReceivableNetCurrent`	$10.56M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$164.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$706.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.03M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	131.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$71.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	131.06M	shares	Point-in-time
Finance receivables	`FinancingReceivableRecordedInvestmentLongTerm`	$28.63M	USD	Point-in-time
Finance receivables	`FinancingReceivableRecordedInvestmentLongTerm`	$82.79M	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$3.12M	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$4.85M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$13.00M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$10.43M	USD	Point-in-time
Investment in unconsolidated entities	`EquityMethodInvestments`	$9.04M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$19.40M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.64M	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$381.00K	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsNoncurrentNet`	$523.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$211.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$692.00K	USD	Point-in-time
Total assets	`Assets`	$188.22M	USD	Point-in-time
Total assets	`Assets`	$61.58M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$863.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$863.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$363.00K	USD	Point-in-time
Loan credit agreement	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Loan credit agreement	`LongTermLineOfCredit`	-	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$421.00K	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$292.00K	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00K	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`	$1.28M	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
Common stock, $0.001 par value; 250,000,000 shares authorized; 131,058,303 and 43,034,894 shares issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$131.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 131,058,303 and 43,034,894 shares issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$43.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.43B	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`	$-4.25B	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`	$182.07M	USD	Point-in-time
Total SWK Holdings Corporation stockholders' equity	`StockholdersEquity`	$50.30M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$4.87M	USD	Point-in-time
Non-controlling interests in consolidated entities	`MinorityInterest`	$5.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$186.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$61.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$188.22M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$11.54M	USD	Annual
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$3.09M	USD	Annual
Marketable investments interest income	`InvestmentIncomeInterest`	$166.00K	USD	Annual
Marketable investments interest income	`InvestmentIncomeInterest`	$360.00K	USD	Annual
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.78M	USD	Annual
Income related to investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$5.34M	USD	Annual
Management fees	`ManagementFeesRevenue`	$157.00K	USD	Annual
Management fees	`ManagementFeesRevenue`	$412.00K	USD	Annual
Total Revenues	`Revenues`	$17.40M	USD	Annual
Total Revenues	`Revenues`	$6.45M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.27M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.75M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$1.75M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$3.27M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$14.12M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.70M	USD	Annual
Interest and other expense, net	`InterestAndOtherIncome`	$-209.00K	USD	Annual
Interest and other expense, net	`InterestAndOtherIncome`	$-824.00K	USD	Annual
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.30M	USD	Annual
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.49M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$-10.30M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$-9.84M	USD	Annual
Consolidated net income	`ProfitLoss`	$14.33M	USD	Annual
Consolidated net income	`ProfitLoss`	$23.60M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.47M	USD	Annual
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.84M	USD	Annual
Net income attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$12.86M	USD	Annual
Net income attributable to SWK Holdings Corporation Stockholders	`NetIncomeLoss`	$20.77M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.31	USD	Annual
Basic	`EarningsPerShareBasic`	$0.32	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.31	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.32	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	64,855.00	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41,343.00	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41,440.00	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	64,916.00	shares	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$14.33M	USD	Annual
Consolidated net income	`ProfitLoss`	$23.60M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.80M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-10.30M	USD	Annual
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.78M	USD	Annual
Income from investments in unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$5.34M	USD	Annual
Interest income in excess of cash collected	`PaidInKindInterest`	$-3.58M	USD	Annual
Interest income in excess of cash collected	`PaidInKindInterest`	-	USD	Annual
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$702.00K	USD	Annual
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$448.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.00K	USD	Annual
Payment-in-kind interest income	`PaymentinkindInterestIncome`	$-119.00K	USD	Annual
Payment-in-kind interest income	`PaymentinkindInterestIncome`	-	USD	Annual
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$47.00K	USD	Annual
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$143.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$254.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$844.00K	USD	Annual
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-129.00K	USD	Annual
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-60.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$525.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$331.00K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.00M	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.00K	USD	Annual
Interest reserve	`ProvisionForLoanAndLeaseLosses`	$-1.00M	USD	Annual
Interest reserve	`ProvisionForLoanAndLeaseLosses`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$234.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$498.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.34M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.12M	USD	Annual
Issuance of finance receivables	`IncreaseDecreaseInFinanceReceivables`	$29.63M	USD	Annual
Issuance of finance receivables	`IncreaseDecreaseInFinanceReceivables`	$70.90M	USD	Annual
Repayment of finance receivables	`PaymentsToAcquireFinanceReceivables`	$-10.28M	USD	Annual
Repayment of finance receivables	`PaymentsToAcquireFinanceReceivables`	$-7.21M	USD	Annual
Distributions on investments in unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$6.72M	USD	Annual
Distributions on investments in unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$5.35M	USD	Annual
Investment in marketable investments	`PaymentsToAcquireMarketableSecurities`	$1.73M	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`	$1.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.63M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.07M	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$110.15M	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net repayment of loan credit agreement	`ProceedsFromLongTermLinesOfCredit`	$-5.00M	USD	Annual
Net repayment of loan credit agreement	`ProceedsFromLongTermLinesOfCredit`	$4.66M	USD	Annual
Distributions to non-controlling interests	`PaymentsToMinorityShareholders`	$2.86M	USD	Annual
Distributions to non-controlling interests	`PaymentsToMinorityShareholders`	$3.58M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.80M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$101.57M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.06M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.92M	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`	$58.73M	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`	$58.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.58M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$21.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$446.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$55.92M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$186.93M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$44.19M	USD	Point-in-time
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$110.15M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$254.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$844.00K	USD	Annual
Distribution to non-controlling interests	`PaymentsToMinorityShareholders`	$2.86M	USD	Annual
Distribution to non-controlling interests	`PaymentsToMinorityShareholders`	$3.58M	USD	Annual
Net income	`ProfitLoss`	$14.33M	USD	Annual
Net income	`ProfitLoss`	$23.60M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$55.92M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$186.93M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$44.19M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$14.33M	USD	Annual
Consolidated net income	`ProfitLoss`	$23.60M	USD	Annual
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Less: reclassification adjustment for gains included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	Annual
Less: reclassification adjustment for gains included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.60M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.33M	USD	Annual
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.84M	USD	Annual
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.47M	USD	Annual
Comprehensive income attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$12.86M	USD	Annual
Comprehensive income attributable to SWK Holdings Corporation Stockholders	`ComprehensiveIncomeNetOfTax`	$20.77M	USD	Annual

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