Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 172

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 172
---
 member of the Surface board of directors and resigned from his position
as a director of Surface on March 31, 2023.

NOTE 7. INVENTORIES

Inventories are comprised of finished compounded
formulations, over-the-counter and prescription retail pharmacy products, branded pharmaceutical products, including those held at the
Company’s 3PL partner, related laboratory supplies and active pharmaceutical ingredients. The composition of inventories as of
December 31, 2024 and 2023 was as follows:

 SCHEDULE
OF INVENTORIES

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Raw materials 
    $5,362,000  
    $5,477,000 
  
    Work in progress 
     858,000  
     54,000 
  
    Finished goods 
     4,482,000  
     5,336,000 
  
    Total inventories 
    $10,702,000  
    $10,867,000 

    F-26

NOTE 8. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets at December
31, 2024 and 2023 consisted of the following:

 SCHEDULE
OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Prepaid insurance 
    $1,326,000  
    $1,241,000 
  
    Prepaid computer software related expenses 
     765,000  
     1,613,000 
  
    Prefunded co-pay assistance 
     4,514,000  
     - 
  
    Other prepaid expenses 
     1,435,000  
     906,000 
  
    Receivable due from Melt 
     228,000  
     228,000 
  
    Annual user fees (PDUFA) 
     3,651,000  
     3,438,000 
  
    Deferred Oaktree commitment fee (see Note 13) 
     -  
     409,000 
  
    Deposits and other current assets 
     3,410,000  
     1,753,000