Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1043

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 1043
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 average number of shares outstanding, basic and diluted 
     35,650,714  
     32,616,777 
  
    Net loss per share, basic and diluted 
    $(0.49) 
    $(0.75)

Recently Adopted Accounting Pronouncements

In November 2023, the Financial Accounting Standards
Board (“FASB”) issued Accounting Standards update (“ASU”) 2023-07, Segment Reporting (Topic 280) - Improvements
to Reportable Segment Disclosures, which enhances the disclosures required for operating segments in the Company’s annual and
interim consolidated financial statements. The Company adopted ASU 2023-07 on a retrospective basis as of December 31, 2024. The adoption
did not impact the Company’s financial statements, other than with respect to expanded disclosures.

Accounting Guidance Issued but Not Adopted at December 31, 2024

In August 2023, FASB issued ASU 2023-05, Business
Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement, which applies to the formation
of entities that meet the definition of a joint venture (or a corporate joint venture) and requires joint ventures to initially measure
all contributions received upon formation at fair value. The new guidance does not impact accounting by the venturers. The new guidance
is applicable to joint venture entities with a formation date on or after January 1, 2025 on a prospective basis. Joint ventures formed
prior to the effective date may elect to apply the new guidance retrospectively back to their original formation date. The Company will
apply the guidance in ASU 2023-05 prospectively to any future arrangements meeting the definition of a joint venture.

    F-18

In October 2023, the FASB issued ASU 2023-06, Disclosure
Improvements—Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU
modifies the disclosure or presentation requirements of a variety of topics in the codification by aligning them with the SEC’s
regulations. The amendments to the various topics should be applied prospectively, and the effective date for the Company for each amendment
will be determined based on the effective date of the SEC’s removal of the related disclosure from Regulation S-X or Regulation
S-K. If the SEC has not removed the applicable requirement by June 30, 2027, then