Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 29

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 29
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31, 2025 and 2024, respectively, and included the
amortization of debt issuance costs and discount of $176,000 and $178,000, respectively.

A summary of the Company’s
current portion of debt at March 31, 2025 and December 31, 2024 is described as follows:

 SCHEDULE OF LONG TERM DEBT

    March 31,  
    December 31, 

    2025  
    2024 
  
    Oaktree Loan due January 2026 
    $111,263,000  
    $- 
  
    Less: Unamortized debt issuance costs 
     (2,950,000) 
     -
  
    Notes
    payable current, net 
    $108,313,000  
    $        - 

A
summary of the Company’s non-current portion of debt at March 31, 2025 and December 31, 2024 is described as follows:

    March 31,  
    December 31, 

    2025  
    2024 
  
    8.625% Senior Notes due April 2026 
    $75,000,000  
    $75,000,000 
  
    11.875% Senior Notes due December 2027 
     40,250,000  
     40,250,000 
  
    Oaktree Loan due January 2026 
     -  
     111,263,000 
  
    Notes payable non-current,
    gross 
     115,250,000  
     226,513,000 
  
    Less: Unamortized debt issuance costs 
     (2,749,000) 
     (6,974,000)
  
    Notes
    payable non-current, net 
    $112,501,000  
    $219,539,000 

For
the three months ended March 31, 2025 and 2024, the total effective interest rate of the Company’s debt was 10.73%
and 10.78%,
respectively.

At March 31, 2025, future minimum payments under
the Company’s debt were as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENT UNDER NOTES PAYABLES  

    Amount 

    Remainder of 2025 
    $18,051,