Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 613

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 613
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    2023 
  
    Employees – selling, general and administrative 
    $14,812,000  
    $13,279,000 
  
    Employees – R&D 
     1,722,000  
     1,662,000 
  
    Directors – selling, general and administrative 
     800,000  
     688,000 
  
    Consultants – selling, general and administrative 
     285,000  
     67,000 
  
    Total 
    $17,619,000  
    $15,696,000 

NOTE 16. INCOME TAXES 

The Company is subject to taxation in the U.S., New
Jersey, Tennessee, and various other states. The Company’s income tax provision consists of the following for the years ended December
31, 2024 and 2023:

SCHEDULE
OF PROVISION FOR INCOME TAXES

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Current: 

    Federal 
    $46,000  
    $- 
  
    State 
     115,000  
     701,000 
  
    Total current 
    $161,000  
    $701,000 

    Deferred: 

    Federal 
    $-  
    $- 
  
    State 
     -  
     - 
  
    Total deferred 
     -  
     - 
  
    Income tax provision 
    $161,000  
    $701,000 

A reconciliation of income taxes computed by applying
the statutory U.S. income tax rate to the Company’s loss before income tax provision to the income tax provision is as follows:

SCHEDULE
OF INCOME TAX PROVISION

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    U.S. federal statutory tax rate 
     21.00% 
     21.00%
  
    State tax benefit, net 
     (2.49)% 
     0.77%
  
    Rate change 
     1.87% 
     (8.02)%
  
    Employee stock-based compensation 
     (8.61)% 
     19.93%
  
    Excess Employee rem