Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 33

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 33
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connection with the 2027 Notes repayment, the Company paid a prepayment penalty of $805,000, recorded unaccrued interest of $98,000 and
wrote off $1,621,000 of unamortized debt issuance costs. During the three and nine months ended September 30, 2025, the prepayment penalty,
unaccrued additional interest paid after the redemption notice date and the unamortized debt issuance costs were recorded as a loss on
debt extinguishment equal to $2,524,000 in the aggregate. The 2027 Notes listed on The Nasdaq Stock Market under the symbol “HROWM”
were delisted on October 8, 2025.

Interest
expense related to the 2027 Notes totaled $1,101,000 and $3,845,000 for the three and nine months ended September 30, 2025, respectively,
and included the amortization of debt issuance costs and discount of $145,000 and $499,000, respectively. Interest expense related to
the 2027 Notes totaled $1,376,000 and $4,121,000 for the three and nine months ended September 30, 2024, respectively, and included amortization
of debt issuance costs and debt discount of $181,000 and $537,000, respectively.

A
loss on extinguishment of debt equal to $7,750,000 was recorded during the three months ending September 30, 2025.

A
summary of the Company’s non-current portion of debt at September 30, 2025 and December 31, 2024 is described as follows:

SCHEDULE
OF LONG TERM DEBT

    September 30,  
    December 31, 

    2025  
    2024 
  
    8.625% Senior Notes due April 2026 
    $-  
    $75,000,000 
  
    11.875% Senior Notes due December 2027 
     -  
     40,250,000 
  
    Oaktree Loan due January 2026 
     -  
     111,263,000 
  
    8.625% Senior Notes due September 2030 
     250,000,000  
     - 
  
    Notes payable current, gross 
     250,000,000  
     226,513,000