10-Q Filing

SWK Holdings Corp CIK: 1089907 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001552781-19-000240`
Period End Date	20190331
Filing Date	20190515
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	swkh-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 17 Comprehensive Income 6

Balance Sheet 54 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.18M	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
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.93M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.19M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Finance receivables, net	`NotesAndLoansReceivableNetCurrent`	$166.61M	USD	Point-in-time
Finance receivables, net	`NotesAndLoansReceivableNetCurrent`	$154.41M	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`	$511.00K	USD	Point-in-time
Marketable investments	`MarketableSecurities`	$532.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$21.57M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$22.68M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.93M	shares	Point-in-time
Warrant assets	`WarrantAssets`	$3.06M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.90M	shares	Point-in-time
Warrant assets	`WarrantAssets`	$2.78M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.93M	shares	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssets`	$637.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.90M	shares	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssets`	$645.00K	USD	Point-in-time
Total assets	`Assets`	$215.66M	USD	Point-in-time
Total assets	`Assets`	$221.31M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.30M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.59M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$35.00K	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$13.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.34M	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of March 31, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 12,898,599 and 12,933,674 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 12,898,599 and 12,933,674 shares issued and outstanding as of March 31, 2019 and December 31, 2018, 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`	$-4.21B	USD	Point-in-time
Total SWK Holdings Corporation stockholders' equity	`StockholdersEquity`	$218.97M	USD	Point-in-time
Total SWK Holdings Corporation stockholders' equity	`StockholdersEquity`	$213.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$215.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$221.31M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$9.39M	USD	1 Quarter
Finance receivable interest income, including fees	`InterestAndFeeIncomeLoansAndLeases`	$6.82M	USD	1 Quarter
Other	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.00K	USD	1 Quarter
Other	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.00K	USD	1 Quarter
Revenues	`Revenues`	$6.82M	USD	1 Quarter
Revenues	`Revenues`	$9.39M	USD	1 Quarter
Provision for loan credit losses	`ProvisionForLoanAndLeaseLosses`	$1.18M	USD	1 Quarter
Provision for loan credit losses	`ProvisionForLoanAndLeaseLosses`	$609.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$102.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.98M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.40M	USD	1 Quarter
Unrealized net gain on warrants	`UnrealizedGainLossOnDerivatives`	$300.00K	USD	1 Quarter
Unrealized net gain on warrants	`UnrealizedGainLossOnDerivatives`	$258.00K	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
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.60M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.67M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.11M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$954.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$3.64M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$6.56M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.91M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.06M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$3.64M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$6.56M	USD	1 Quarter
Provision for loan credit losses	`ProvisionForLoanAndLeaseLosses`	$1.18M	USD	1 Quarter
Provision for loan credit losses	`ProvisionForLoanAndLeaseLosses`	$609.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$954.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.11M	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-258.00K	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-300.00K	USD	1 Quarter
Change in fair value of equity securities	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Change in fair value of equity securities	`MarketableSecuritiesUnrealizedGainLoss`	$-124.00K	USD	1 Quarter
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$600.00K	USD	1 Quarter
Loan discount amortization and fee accretion	`AmortizationOfDeferredLoanOriginationFeesNet`	$837.00K	USD	1 Quarter
Interest paid-in-kind	`PaidInKindInterest`	$406.00K	USD	1 Quarter
Interest paid-in-kind	`PaidInKindInterest`	$47.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$79.00K	USD	1 Quarter
Interest income in excess of cash collected	`InterestIncomeInExcessOfCashCollected`	$-81.00K	USD	1 Quarter
Interest income in excess of cash collected	`InterestIncomeInExcessOfCashCollected`	$-70.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$4.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$265.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestAndDividendsReceivable`	$58.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$189.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-291.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$610.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.21M	USD	1 Quarter
Investment in finance receivables	`PaymentsToAcquireFinanceReceivables`	$29.25M	USD	1 Quarter
Investment in finance receivables	`PaymentsToAcquireFinanceReceivables`	$11.19M	USD	1 Quarter
Repayment of finance receivables	`ProceedsRepaymentOfFinanceReceivables`	$14.92M	USD	1 Quarter
Repayment of finance receivables	`ProceedsRepaymentOfFinanceReceivables`	$23.87M	USD	1 Quarter
Corporate debt security principal payment	`MarketableInvestmentPrincipalPayment`	$19.00K	USD	1 Quarter
Corporate debt security principal payment	`MarketableInvestmentPrincipalPayment`	$21.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.70M	USD	1 Quarter
Repurchases of common stock, including fees and expenses	`PaymentsForRepurchaseOfCommonStock`	$745.00K	USD	1 Quarter
Repurchases of common stock, including fees and expenses	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-745.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.11M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.96M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.56M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$211.68M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$213.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$207.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$218.97M	USD	Point-in-time
Stock-based compensation	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$79.00K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Repurchases of common stock in open market	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Repurchases of common stock in open market	`StockRepurchasedDuringPeriodValue`	$745.00K	USD	1 Quarter
Cumulative effect of adoption of New Accounting Principles	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	-	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$3.64M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.56M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$211.68M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$213.06M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$207.95M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$218.97M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income (loss)	`ProfitLoss`	$3.64M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$6.56M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.64M	USD	1 Quarter

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