Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 593

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 593
---
    7
years 
     596,000  
     (516,000) 
     -  
     80,000 
  
    Trade name 
    5 years 
     75,000  
     (5,000) 
     -  
     70,000 
  
    Non-competition clause 
    4
years 
     50,000  
     (50,000) 
     -  
     - 
  
    State pharmacy licenses 
    25 years 
     8,000  
     (7,000) 
     -  
     1,000 

    $172,447,000  
    $(12,161,000) 
    $(380,000) 
    $159,906,000 

During the years ended December 31, 2024 and 2023,
the Company recorded a charge of $253,000 and $380,000, respectively, related to the impairment of certain licenses, trademarks, patents
and patent applications. The Company determined that the sum of the expected undiscounted cash flows attributable to these intangible
assets was less than their carrying value and that an impairment charge was required. Accordingly, the Company calculated the estimated
fair value of the intangible assets based on the present value of the expected cash flows over their estimated lives. The impairment
amount was calculated by deducting the present value of the expected cash flows from the carrying value. Significant estimates and assumptions
used by the Company included sales and expense growth rates, and discounted projected cash flows. The estimates and assumptions used
in the Company’s assessment represent a Level 3 measurement because they are supported by little or no market activity and reflect
the Company’s own assumptions in measuring fair value. The assumptions used in the impairment analysis are inherently subject to
uncertainty and, therefore, changes in these assumptions could have a significant impact on the concluded fair value.

See Note 4 related to other intangible assets acquired
during the year ended December 31, 2023.

    F-28

Amortization expense for intangible assets for the
years ended December 31, 2024 and 2023 were as follows:

 SCHEDULE OF AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS

    2024  
    2023 

    For the Years Ended December 31, 

    2024