Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 5

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 5
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OF CASH FLOWS

    For the Three Months Ended 

    March 31, 

    2025  
    2024 

    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net loss 
    $(17,780,000) 
    $(13,565,000)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating
    activities: 

    Depreciation and amortization of property, plant and equipment and software development costs 
     465,000  
     432,000 
  
    Amortization of intangible assets 
     4,226,000  
     2,554,000 
  
    Amortization of operating lease right-of-use assets 
     217,000  
     194,000 
  
    Provision (recovery of) for credit losses 
     114,000  
     (85,000)
  
    Amortization of debt issuance costs and debt discount 
     1,275,000  
     976,000 
  
    Investment loss from investment in Eton 
     -  
     1,248,000 
  
    Stock-based compensation 
     4,556,000  
     4,169,000 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     39,196,000  
     8,396,000 
  
    Inventories 
     (14,000) 
     57,000 
  
    Prepaid expenses and other current assets 
     299,000  
     321,000 
  
    Accounts payable, accrued expenses, accrued rebates and copay assistance 
     (11,096,000) 
     (8,939,000)
  
    Accrued payroll and related liabilities 
     (1,891,000) 
     (423,000)
  
    Deferred revenue and customer deposits 
     101,000  
     37,000 
  
    NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 
     19,668,000  
     (4,628,000)
  
    CASH FLOWS FROM INVESTING ACTIVITIES 

    Investment in patent and trademark assets 
     (42,000) 
     (18,000)
  
    Purch