Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 986

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 986
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Interest Expense, net 

Interest expense, net was $22,786,000
during the year ended December 31, 2024, compared to $21,324,000 during the year ended December 31, 2023. The increase was primarily
due to an increase in the principal balance of our loans throughout the two periods presented. 

Investment Gain (Loss) from Eton

During the year ended December
31, 2024, we recorded a loss of $(3,171,000) related to the change in fair market value of Eton’s common stock at the time of its
sale, including trading expenses and commissions of approximately $436,000, compared to a gain of $3,092,000 during the year ended December
31, 2023.  

Loss on Early Extinguishment of Debt

During the year ended December
31, 2023, we recorded a loss on extinguishment of debt of $5,465,000, related to the payoff of a loan. There were no extinguishments
of debt during the year ended December 31, 2024.

Other Income (Expense), net

During the year ended December
31, 2024 we recorded other expense, net of $(185,000) related primarily to income from the sublease of office space in Nashville, offset
by a loss associated with the cybersecurity incident. During the year ended December 31, 2023 we recorded other expense, net of
$(444,000) related primarily to transition services and write-off of inventories associated with the divestment of our non-ophthalmology
business, and a charge related to equipment that was no longer in service.

 59 

Tax Expense

During the years ended December
31, 2024 and 2023, we recorded income tax expense of $161,000 and $701,000, respectively.

The following table presents
our net loss for the years ended December 31, 2024 and 2023:

    For the Years Ended December 31, 

    2024  
    2023 
  
    Net loss 
    $(17,481,000) 
    $(24,411,000)
  
    Net loss per share, basic and diluted 
    $(0.49) 
    $(0.75)

Liquidity and Capital Resources

Liquidity

Our cash on hand at December
31, 2024 was $47