Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 433

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 433
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 internal control over financial reporting but not for the purpose of expressing
an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due
to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audit also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audit provides a reasonable basis for our opinion.

/s/ KMJ Corbin & Company LLP

We served as the Company’s auditor from 2007 to 2024.

Glendora, California
March 19, 2024 (March 27, 2025 as to Note 19)

F-4

HARROW, INC.

CONSOLIDATED BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $47,247,000  
    $74,085,000 
  
    Investment in Eton Pharmaceuticals 
     -  
     8,681,000 
  
    Accounts receivable, net 
     116,373,000  
     36,261,000 
  
    Inventories 
     10,702,000  
     10,867,000 
  
    Prepaid expenses and other current assets 
     15,329,000  
     9,588,000 
  
    Total current assets 
     189,651,000  
     139,482,000 
  
    Property, plant and equipment, net 
     3,734,000  
     3,521,000 
  
    Capitalized software costs, net 
     1,751,000  
     2,138,000 
  
    Operating lease right-of-use assets, net 
     8,554,000  
     6,785,000 
  
    Intangible assets, net 
     184,949,000  
     159,906,000 
  
    Goodwill 
     332,000  
     332,000