Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 34

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 34
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    Less: Unamortized debt issuance costs 
     (7,126,000) 
     (6,974,000)
  
    Notes
    payable current, net 
    $242,874,000  
    $219,539,000 

For
the three and nine months ended September 30, 2025, the total effective interest rate of the Company’s debt was 10.29% and 10.41%,
respectively, and 11.03% and 11.17% for the same periods in 2024, respectively.

    19

At
September 30, 2025, future minimum payments under the Company’s debt were as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENT UNDER NOTES PAYABLES 

    Amount 

    Remainder of 2025 
    $- 
  
    2026 
     21,681,000 
  
    2027 
     21,563,000 
  
    2028 
     21,622,000 
  
    Thereafter 
     282,373,000 
  
    Total minimum payments 
     347,239,000 
  
    Less: amount representing interest payments 
     (97,239,000)
  
    Notes payable, gross principal amount due 
     250,000,000 
  
    Less: unamortized debt issuance costs, net of premium 
     (7,126,000)
  
    Notes payable, net of unamortized discount 
    $242,874,000 

NOTE
11. LEASES

The
Company leases office and laboratory space under the non-cancelable operating leases listed below. Except as indicated, these lease agreements
have remaining terms between two2 to
seven
years and contain various clauses for renewal
at the Company’s option.

    ●
    An
    operating lease for 38,200 square feet of lab, warehouse and office space in Ledgewood, New Jersey that expires in July 2027, with
    an option to extend the term for two additional five-year periods.

    ●
    An
    operating lease for 17,700 square feet of office space in Nashville, Tennessee that expires in June 2032, and includes options to
    extend the lease term to June 2042.

    ●
    An
    operating lease for 11,600 square feet of lab and