HARROW INC
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
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FY2023 · Filed Mar 19, 2024
HROW$30.36+10.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $74,085,000 | $96,270,000 |
| Investment in Eton Pharmaceuticals | 8,681,000 | 5,589,000 |
| Accounts receivable, net | 36,261,000 | 6,249,000 |
| Inventories | 10,867,000 | 6,541,000 |
| Prepaid expenses and other current assets | 9,588,000 | 3,611,000 |
| Total current assets | 139,482,000 | 118,260,000 |
| Property, plant and equipment, net | 3,521,000 | 3,486,000 |
| Capitalized software costs, net | 2,138,000 | 2,112,000 |
| Deferred financing costs | - | 1,950,000 |
| Operating lease right-of-use assets, net | 6,785,000 | 7,513,000 |
| Intangible assets, net | 159,906,000 | 23,725,000 |
| Goodwill | 332,000 | 332,000 |
| TOTAL ASSETS | $312,164,000 | $157,378,000 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | - | |
| Accounts payable and accrued expenses | $24,581,000 | $13,771,000 |
| Accrued rebates and copay assistance | 18,432,000 | - |
| Accrued payroll and related liabilities | 5,450,000 | 4,025,000 |
| Deferred revenue and customer deposits | 75,000 | 113,000 |
| Current portion of operating lease obligations | 806,000 | 723,000 |
| Total current liabilities | 49,344,000 | 18,632,000 |
| Operating lease obligations, net of current portion | 6,524,000 | 7,332,000 |
| Accrued expenses, net of current portion | 2,713,000 | - |
| Notes payable, net of unamortized debt discount and issuance costs | 183,172,000 | 104,174,000 |
| TOTAL LIABILITIES | 241,753,000 | 130,138,000 |
| Commitments and contingencies | - | - |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value, 50,000,000 shares authorized, 35,168,260 and 29,901,530 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 35,000 | 30,000 |
| Additional paid-in capital | 204,635,000 | 137,058,000 |
| Accumulated deficit | (133,904,000) | (109,493,000) |
| TOTAL HARROW, INC. STOCKHOLDERS’ EQUITY | 70,766,000 | 27,595,000 |
| Noncontrolling interests | (355,000) | (355,000) |
| TOTAL STOCKHOLDERS’ EQUITY | 70,411,000 | 27,240,000 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $312,164,000 | $157,378,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.