10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001552781-18-000219 |
| Period End Date | 20180331 |
| Filing Date | 20180514 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | swkh-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 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, authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$40.51M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$32.18M | USD | Point-in-time |
| Preferred stock, authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$30.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$21.45M | USD | Point-in-time |
| Preferred stock, issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$1.58M | USD | Point-in-time |
| Preferred stock, issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$1.64M | USD | Point-in-time |
| Finance receivables, net |
NotesAndLoansReceivableNetCurrent
|
$152.00M | USD | Point-in-time |
| Finance receivables, net |
NotesAndLoansReceivableNetCurrent
|
$165.84M | USD | Point-in-time |
| Preferred stock, outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Preferred stock, outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Marketable investments |
MarketableSecurities
|
$1.71M | 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 |
| Marketable investments |
MarketableSecurities
|
$1.86M | USD | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
250.00M | shares | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNet
|
$22.73M | USD | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNet
|
$21.77M | USD | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
13.06M | shares | Point-in-time |
| Warrant assets |
WarrantAssets
|
$987.00K | USD | Point-in-time |
| Warrant assets |
WarrantAssets
|
$1.52M | USD | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
13.05M | shares | Point-in-time |
| Other assets |
PrepaidExpenseAndOtherAssets
|
$314.00K | USD | Point-in-time |
| Common stock, outstanding |
CommonStockSharesOutstanding
|
13.05M | shares | Point-in-time |
| Common stock, outstanding |
CommonStockSharesOutstanding
|
13.06M | shares | Point-in-time |
| Other assets |
PrepaidExpenseAndOtherAssets
|
$126.00K | USD | Point-in-time |
| Total assets |
Assets
|
$209.88M | USD | Point-in-time |
| Total assets |
Assets
|
$214.19M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$2.45M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.84M | USD | Point-in-time |
| Warrant liability |
WarrantsAndRightsOutstanding
|
$91.00K | USD | Point-in-time |
| Warrant liability |
WarrantsAndRightsOutstanding
|
$65.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.52M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.93M | 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 as of March 31, 2018 and December 31, 2017, respectively |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, $0.001 par value; 250,000,000 shares authorized; 13,059,190 and 13,053,422 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$13.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 250,000,000 shares authorized; 13,059,190 and 13,053,422 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively |
CommonStockValue
|
$13.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.43B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.43B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.22B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.23B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$213.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
- | USD | Point-in-time |
| Total SWK Holdings Corporation stockholders' equity |
StockholdersEquity
|
$207.95M | USD | Point-in-time |
| Total SWK Holdings Corporation stockholders' equity |
StockholdersEquity
|
$211.68M | USD | Point-in-time |
| Non-controlling interests in consolidated entities |
MinorityInterest
|
- | USD | Point-in-time |
| Non-controlling interests in consolidated entities |
MinorityInterest
|
- | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$207.95M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$211.68M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$209.88M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$214.19M | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Finance receivable interest income, including fees |
InterestAndFeeIncomeLoansAndLeases
|
$6.82M | USD | 1 Quarter |
| Finance receivable interest income, including fees |
InterestAndFeeIncomeLoansAndLeases
|
$4.66M | USD | 1 Quarter |
| Income related to investments in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$10.20M | USD | 1 Quarter |
| Income related to investments in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$5.00K | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$4.00K | USD | 1 Quarter |
| Revenues |
Revenues
|
$6.82M | USD | 1 Quarter |
| Revenues |
Revenues
|
$14.86M | USD | 1 Quarter |
| Provision for loan credit losses |
ProvisionForLoanAndLeaseLosses
|
$1.18M | USD | 1 Quarter |
| Provision for loan credit losses |
ProvisionForLoanAndLeaseLosses
|
- | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$661.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.22M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$661.00K | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$2.40M | USD | 1 Quarter |
| Unrealized net gain (loss) on derivatives |
UnrealizedGainLossOnDerivatives
|
$-472.00K | USD | 1 Quarter |
| Unrealized net gain (loss) on derivatives |
UnrealizedGainLossOnDerivatives
|
$300.00K | USD | 1 Quarter |
| Unrealized net loss on equity securities |
MarketableSecuritiesUnrealizedGainLoss
|
- | USD | 1 Quarter |
| Unrealized net loss on equity securities |
MarketableSecuritiesUnrealizedGainLoss
|
$-124.00K | USD | 1 Quarter |
| Gain on sale of marketable securities |
MarketableSecuritiesGainLoss
|
$243.00K | USD | 1 Quarter |
| Gain on sale of marketable securities |
MarketableSecuritiesGainLoss
|
- | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$13.97M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$4.60M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$954.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$3.71M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$3.64M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$10.27M | USD | 1 Quarter |
| Net income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Net income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income (loss) attributable to SWK Holdings Corporation Stockholders |
NetIncomeLoss
|
$3.64M | USD | 1 Quarter |
| Net income (loss) attributable to SWK Holdings Corporation Stockholders |
NetIncomeLoss
|
$5.24M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.28 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.28 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
13.14M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
13.05M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
13.06M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
13.15M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income (loss) |
ProfitLoss
|
$3.64M | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$10.27M | USD | 1 Quarter |
| Income from investments in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$10.20M | USD | 1 Quarter |
| Income from investments in unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Provision for loan credit losses |
ProvisionForLoanAndLeaseLosses
|
$1.18M | USD | 1 Quarter |
| Provision for loan credit losses |
ProvisionForLoanAndLeaseLosses
|
- | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxesAndTaxCredits
|
$954.00K | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxesAndTaxCredits
|
$3.71M | USD | 1 Quarter |
| Change in fair value of warrants |
FairValueAdjustmentOfWarrants
|
$472.00K | USD | 1 Quarter |
| Change in fair value of warrants |
FairValueAdjustmentOfWarrants
|
$-300.00K | USD | 1 Quarter |
| Gain on sale of equity securities |
MarketableSecuritiesUnrealizedGainLoss
|
- | USD | 1 Quarter |
| Gain on sale of equity securities |
MarketableSecuritiesUnrealizedGainLoss
|
$-124.00K | USD | 1 Quarter |
| Gain on sale of marketable securities |
MarketableSecuritiesGainLoss
|
$243.00K | USD | 1 Quarter |
| Gain on sale of marketable securities |
MarketableSecuritiesGainLoss
|
- | USD | 1 Quarter |
| Loan discount amortization and fee accretion |
AmortizationOfDeferredLoanOriginationFeesNet
|
$837.00K | USD | 1 Quarter |
| Loan discount amortization and fee accretion |
AmortizationOfDeferredLoanOriginationFeesNet
|
$568.00K | USD | 1 Quarter |
| Interest paid-in-kind |
PaidInKindInterest
|
$47.00K | USD | 1 Quarter |
| Interest paid-in-kind |
PaidInKindInterest
|
$383.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$79.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$78.00K | USD | 1 Quarter |
| Interest income in excess of cash collected |
InterestIncomeInExcessOfCashCollected
|
- | USD | 1 Quarter |
| Interest income in excess of cash collected |
InterestIncomeInExcessOfCashCollected
|
$-70.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$4.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$4.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$88.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-58.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$189.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$112.00K | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$48.00K | USD | 1 Quarter |
| Accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$610.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.21M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.98M | USD | 1 Quarter |
| Cash distributions from investments in unconsolidated entity |
EquityMethodInvestmentDividendsOrDistributions
|
$17.19M | USD | 1 Quarter |
| Cash distributions from investments in unconsolidated entity |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 1 Quarter |
| Proceeds from sale of available-for-sale marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
- | USD | 1 Quarter |
| Proceeds from sale of available-for-sale marketable securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$345.00K | USD | 1 Quarter |
| Investment in finance receivables |
PaymentsToAcquireFinanceReceivables
|
$3.64M | USD | 1 Quarter |
| Investment in finance receivables |
PaymentsToAcquireFinanceReceivables
|
$29.25M | USD | 1 Quarter |
| Repayment of finance receivables |
ProceedsRepaymentOfFinanceReceivables
|
$14.92M | USD | 1 Quarter |
| Repayment of finance receivables |
ProceedsRepaymentOfFinanceReceivables
|
$225.00K | USD | 1 Quarter |
| Marketable investment principal payment |
MarketableInvestmentPrincipalPayment
|
$24.00K | USD | 1 Quarter |
| Marketable investment principal payment |
MarketableInvestmentPrincipalPayment
|
$19.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$3.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.00K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$14.14M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.31M | USD | 1 Quarter |
| Distribution to non-controlling interests |
PaymentsToMinorityShareholders
|
$8.79M | USD | 1 Quarter |
| Distribution to non-controlling interests |
PaymentsToMinorityShareholders
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-8.79M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$8.33M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-9.11M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$40.51M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$32.18M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$30.56M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$21.45M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$40.51M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$32.18M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$30.56M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$21.45M | USD | Point-in-time |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income (loss) |
ProfitLoss
|
$3.64M | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$10.27M | USD | 1 Quarter |
| Change in fair value of securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$1.82M | USD | 1 Quarter |
| Change in fair value of securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
- | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$1.82M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$3.64M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$12.09M | USD | 1 Quarter |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Comprehensive income attributable to non-controlling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.03M | USD | 1 Quarter |
| Comprehensive income attributable to SWK Holdings Corporation Stockholders |
ComprehensiveIncomeNetOfTax
|
$7.06M | USD | 1 Quarter |
| Comprehensive income attributable to SWK Holdings Corporation Stockholders |
ComprehensiveIncomeNetOfTax
|
$3.64M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.