Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 810

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 810
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 applicable to joint venture entities with a formation date on or after January 1, 2025 on a prospective basis. Joint ventures formed
prior to the effective date may elect to apply the new guidance retrospectively back to their original formation date. The Company will
apply the guidance in ASU 2023-05 prospectively to any future arrangements meeting the definition of a joint venture.

    F-18

In October 2023, the FASB issued ASU 2023-06, Disclosure
Improvements—Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU
modifies the disclosure or presentation requirements of a variety of topics in the codification by aligning them with the SEC’s
regulations. The amendments to the various topics should be applied prospectively, and the effective date for the Company for each amendment
will be determined based on the effective date of the SEC’s removal of the related disclosure from Regulation S-X or Regulation
S-K. If the SEC has not removed the applicable requirement by June 30, 2027, then the related amendment in ASU 2023-06 will be removed
from the codification and will not become effective. Early adoption of this ASU is prohibited. The Company does not expect the amendments
in this ASU to have a material impact on the disclosures or presentation in its consolidated financial statements.

In December 2023, FASB issued ASU 2023-09, Income
Taxes (Topic 740) - Improvements to Income Tax Disclosures, which enhances the disclosures required for income taxes in the Company’s
annual consolidated financial statements. Notably, this ASU requires entities to disclose specific categories in the effective tax rate
reconciliation and provide additional information for reconciling items that meet a quantitative threshold. ASU 2023-09 is effective
for the Company in its annual reporting for fiscal 2025 on a prospective basis. Early adoption and retrospective reporting are permitted.
The Company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income
Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures, to improve the disclosures by a public
business entity about the types of expenses in commonly presented expense captions. This ASU is effective for annual reporting periods
beginning after December 15, 2026, and interim reporting periods beginning