Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 269

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 269
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unauthorized access the threat actor was able to fraudulently divert Company funds to its bank account. We detected the incident in a
timeframe management believes minimized any financial, operational or reputational risk to the Company. We believe this early detection
ultimately resulted in an immaterial impact to our financial results and at no point was our ability to generate revenues disrupted.

For
more information about the cybersecurity risks and other information technology and data privacy risks we face, see Item 1A. Risk
Factors and the subsection titled A breakdown of our information technology systems, or a cyberattack or information
security breach could significantly compromise the confidentiality, integrity and availability of our information technology systems,
network-connected control systems and/or our data, interrupt the operation of our business and/or affect our reputation.

ITEM 2. PROPERTIES

We lease approximately 17,700
square feet of office space in Nashville, Tennessee. The current lease term expires on June 30, 2032 and includes the option to extend
the term for two additional, consecutive five-year terms. This office serves as our corporate headquarters.

We lease approximately 38,200
square feet of lab, warehouse, and office space in Ledgewood, New Jersey, in three separate suites. The current lease term expires on
July 31, 2027 and includes options to extend the lease term through 2037. This space serves as an outsourcing facility and pharmacy for
ImprimisRx.

We lease approximately 11,600
square feet of lab and office space in Nashville, Tennessee. The current lease term commenced in June 2022 and expires in June 2027.
This office generally serves as ImprimisRx’s customer service center and analytical laboratory.

We lease approximately 5,800
square feet of office space in Carlsbad, California. The current lease term began January 1, 2022 and expires on March 31, 2025 and includes
an option to extend the lease term through March 2028. This office generally supports the certain marketing and administrative functions.
We notified our landlord that we will not renew this lease upon expiration of its initial term on March 31, 2025.

ITEM 3. LEGAL PROCEEDINGS

See Note 18 to our
consolidated financial statements included in this Annual Report for information on various legal proceedings, which is incorporated
into this Item by reference. Additionally, we have been in discussions with the federal government regarding past inspections at
NJ