Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 185

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 185
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2024.
  
    ●
    An operating lease for 17,700 square feet of office space in Nashville,
    Tennessee that expires in June 2032, and includes options to extend the lease term to June 2042.
  
    ●
    An operating lease for 11,600 square feet of lab and office
    space in Nashville, Tennessee which commenced in September 2022 and expires in September 2027.

At December 31, 2024 and 2023, the weighted-average
discount rate and the weighted-average remaining lease term for the operating leases held by the Company were 8.0% and 6.6%, respectively,
and 10.2 years and 10.4 years, respectively.

During the years ended December 31, 2024 and 2023,
cash paid for amounts included for the operating lease liabilities was $1,301,000 and $1,231,000, respectively, and the Company
recorded operating lease expense of $1,515,000 and $1,232,000, respectively, included in selling, general and administrative expenses.

Future lease payments under operating leases as of
December 31, 2024 were as follows:

 SCHEDULE
OF FUTURE LEASE PAYMENTS UNDER OPERATING LEASES 

    Operating Leases

    2025

    $
    1,223,000

    2026

    1,551,000

    2027

    1,425,000

    2028

    1,288,000

    2029

    1,304,000

    Thereafter

    6,667,000

    Total minimum lease payments

    13,458,000

    Less: amount representing imputed interest payments

    (4,169,000
    )
  
    Total operating lease liabilities

    9,289,000

    Less: current portion, operating lease liabilities

    (497,000
    )
  
    Operating lease obligations, net of current portion

    $
    8,792,000

NOTE 15. STOCKHOLDERS’
EQUITY AND STOCK-BASED COMPENSATION

Preferred Stock

At December 31, 2024 and 2023, the Company had 5,000,000 shares
of preferred stock, $0.001 par value, authorized and no