Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1382

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 1382
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 Total minimum payments 
     262,737,000 
  
    Less: amount representing interest payments 
     (36,224,000)
  
    Notes payable, gross 
     226,513,000 
  
    Less: unamortized discount, net of premium 
     (6,974,000)
  
    Notes payable, net of unamortized discount 
    $219,539,000 

NOTE 14. LEASES

The Company leases office and laboratory space under
the non-cancelable operating leases listed below. These lease agreements have remaining terms between one to five years and
contain various clauses for renewal at the Company’s option.

    F-32

    ●
    An operating lease for 5,800 square feet of office space
    in Carlsbad, California, which commenced in January 2022 that expires in March 2025.
  
    ●
    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. This lease was amended, effective July 2020, to extend the term of the original lease and add 1,400 of additional
    square footage to the lease, amended again in May 2021 to extend the term of the lease to July 2027 and add 8,900 square
    feet of space, and amended in May 2023 to add another 2,861 square feet of space to the existing lease, which the Company took possession
    of in January 2024.
  
    ●
    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 office
    space in Nashville, Tennessee which commenced in September 2022 and expires in September 2027.

At December 31, 2024 and 2023, the weighted-average
discount rate and the weighted-average remaining lease term for the operating leases held by the Company were 8.0% and 6.6%, respectively,
and 10.2 years and 10.4 years, respectively.

During the years ended December