Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 28

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 28
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ATED FUTURE AMORTIZATION EXPENSE

    Remainder of 2025 
    $3,483,000 
  
    2026 
     16,904,000 
  
    2027 
     16,613,000 
  
    2028 
     16,206,000 
  
    2029 
     16,096,000 
  
    Thereafter 
     102,844,000 
  
    Intangible
    assets 
    $172,146,000 

There
were no changes to the carrying value of the Company’s goodwill during the three and nine months ended September 30, 2025 and 2024.

NOTE
9. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts
payable and accrued expenses at September 30, 2025 and December 31, 2024 consisted of the following:

 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

    September 30,  
    December 31, 

    2025  
    2024 
  
    Accounts payable 
    $18,993,000  
    $38,762,000 
  
    Accrued interest (see Note 10) 
     1,063,000  
     2,538,000 
  
    Other accrued expenses 
     106,000  
     106,000 
  
    Total accounts payable and accrued expenses 
    $20,162,000  
    $41,406,000 

    16

NOTE
10. DEBT

Fifth
Third Revolving Credit Facility - Undrawn

In
September 2025, the Company entered into a Credit Agreement (the “5/3 Revolver”) with Fifth Third Bank, National
Association as administrative agent for itself and the other lenders, providing for a senior secured revolving credit facility in the
initial principal amount of $40,000,000, together with an uncommitted incremental revolving line of credit in the principal amount of
up to $20,000,000. The 5/3 Revolver will mature on September 26, 2030, or, if earlier, the date that is 91 days prior to the earliest
maturity date of the Company’s 2030 Notes (as defined below).

Borrowings
under the 5/3 Revolver bear interest at a floating rate equal to, at the