Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1082

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 1082
---
, 2023 
     493,806  
    $7.99 
  
    RSUs granted 
     128,174  
    $11.68 
  
    RSUs vested 
     (175,643) 
    $8.67 
  
    RSUs cancelled/forfeited 
     (83,308) 
    $6.84 
  
    RSUs unvested at December 31, 2023 
     363,029  
    $9.23 

As of December 31, 2024, the total unrecognized compensation
expense related to unvested RSUs was approximately $7,703,000 which is expected to be recognized over a weighted-average period of 1.85
years, based on estimated vesting schedules. The stock-based compensation for RSUs was $2,442,000 and $1,161,000 during the years ended
December 31, 2024 and 2023, respectively. During 2024 and 2023, the Company recognized a tax benefit of $12,000 and $0, respectively,
from the vesting of RSUs during the period.

    F-39

The Company recorded total stock-based compensation
(including issuance of common stock for services and accrual for stock-based compensation) related to equity instruments granted to employees,
directors and consultants as follows:

 SCHEDULE OF STOCK BASED COMPENSATION GRANTED TO EMPLOYEES, DIRECTORS AND CONSULTANTS

    2024  
    2023 

    For the Years Ended December 31, 

    2024  
    2023 
  
    Employees – selling, general and administrative 
    $14,812,000  
    $13,279,000 
  
    Employees – R&D 
     1,722,000  
     1,662,000 
  
    Directors – selling, general and administrative 
     800,000  
     688,000 
  
    Consultants – selling, general and administrative 
     285,000  
     67,000 
  
    Total 
    $17,619,000  
    $15,696,000 

NOTE 16. INCOME TAXES 

The Company is subject to taxation in the U.S., New
Jersey, Tennessee, and various other states. The Company’s income tax provision consists of the following for the years