Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 377

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 377
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000 

A reconciliation of income taxes computed by applying
the statutory U.S. income tax rate to the Company’s loss before income tax provision to the income tax provision is as follows:

SCHEDULE
OF INCOME TAX PROVISION

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    U.S. federal statutory tax rate 
     21.00% 
     21.00%
  
    State tax benefit, net 
     (2.49)% 
     0.77%
  
    Rate change 
     1.87% 
     (8.02)%
  
    Employee stock-based compensation 
     (8.61)% 
     19.93%
  
    Excess Employee remuneration 
     (5.95)% 
     (30.83)%
  
    Melt loan settlement 
     -% 
     (4.52)%
  
    Other 
     1.71% 
     2.97%
  
    Uncertain tax positions 
     0.09% 
     (11.71)%
  
    Research and development tax credit 
     2.66% 
     0.53%
  
    Provision-to-return true-ups 
     (0.75)% 
     1.72%
  
    Other true-ups 
     (1.87)% 
     (0.43)%
  
    Total 
     7.66% 
     (8.59)%
  
    Change in valuation allowance 
     (8.59)% 
     5.71%
  
    Effective income tax rate 
     (0.93)% 
     (2.88)%

    F-40

Deferred tax assets and liabilities reflect the net
tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the
amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows:

SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Deferred tax assets (liabilities): 

    NOL 
    $2,448,000  
    $4,669,000 
  
    Depreciation