Until December 2009, SWK Holdings Corporation (OTCQB:SWKH) was known as KANA Software, Inc. ("KANA"). Incorporated in 1996, KANA engaged in the development, marketing and support of customer communications software products. In December 2009, KANA sold substantially all of its assets for approximately USD40.6 million in consideration. At the closing of the asset sale, KANA changed its name to SWKH. Its goal was to redeploy its cash in businesses with taxable income that could be offset by use of its net operating loss carry forwards ("NOLs"). As of June 30, 2014, SWKH had NOLs of approximately USD433 million that will expire by 2032, with the majority of such NOLs expiring by 2021. SWKH has also adopted a Rights...
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