Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1083

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 1083
---
 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 remuneration 
     (5.95)% 
     (30.83)%
  
    Melt loan settlement 
     -% 
     (4.52)%
  
    Other 
     1.71% 
     2.97%
  
    Uncertain tax positions 
     0.09% 
     (11.71)%
  
    Research and development tax credit 
     2.66% 
     0.53%
  
    Provision-to-return true-ups 
     (0.75)% 
     1.72%
  
    Other true-ups 
     (1.87)% 
     (0.43)%
  
    Total 
     7.66% 
     (8.59)%
  
    Change in valuation allowance