Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 31

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 31
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 liabilities was $281,000 and $327,000, respectively. During the three months
ended March 31, 2025 and 2024, the Company recorded operating lease expense of $385,000 and $319,000, respectively, which is included
in selling, general and administrative expenses.

     18 

Future lease payments under operating leases as
of March 31, 2025 were as follows:

 SCHEDULE
OF FUTURE LEASE PAYMENTS UNDER OPERATING LEASES  

    Operating Leases 
  
    Remainder of 2025 
    $943,000 
  
    2026 
     1,551,000 
  
    2027 
     1,425,000 
  
    2028 
     1,288,000 
  
    2029 
     1,304,000 
  
    Thereafter 
     6,667,000 
  
    Total minimum lease payments 
     13,178,000 
  
    Less: amount representing interest payments 
     (3,986,000)
  
    Total operating lease obligations 
     9,192,000 
  
    Less: current portion, operating lease obligations 
     (611,000)
  
    Operating lease obligations, net of current portion 
    $8,581,000 

NOTE 12. STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION

Common Stock

During the three months ended March 31, 2025,
the Company issued 2,743 shares of common stock and received proceeds of $23,000 upon the exercise of options to purchase 2,743 shares
of common stock with exercise prices ranging from $6.85 to $15.17 per share.

During the three months ended March 30,
2025, the Company issued 29,214
shares of its common stock underlying RSUs held by a director that ceased providing services to the Company. The RSUs had
previously vested, including 4,173 RSUs
that vested during the three months ended March 31, 2025, but the issuance and delivery of the shares were deferred until the
director ceased providing services to the Company.

During the three months ended March 31, 2025,
8,904 shares of the Company’s common stock underlying RSUs issued to directors vested, but the issuance and delivery of these shares
are deferred until the applicable person ce