Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 16

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 16
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 Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

The components of purchased intangible assets
were as follows:

     Weighted Average                 Remaining  March 31, 2025      Amortization  Gross              Period (in years)  Carrying Amount   Accumulated Amortization   Net Amount   Franchise agreement  9   5,249,482    592,717    4,656,765   Agent relationships  7   916,282    120,276    796,006   Real estate listings  0   564,756    537,179    27,577   Non-compete agreements  3   188,748    58,099    130,649   Total  9  $6,919,268   $1,308,271   $5,610,997  

     Weighted Average                 Remaining  December 31, 2024      Amortization  Gross              Period  (in years)  Carrying Amount   Accumulated Amortization   Net  Amount   Franchise agreement  9   5,249,482    467,138    4,782,344   Agent relationships  8   916,282    93,431    822,851   Real estate listings  0   564,756    472,543    92,213   Non-compete agreements  3   188,748    46,076    142,672   Total  9  $6,919,268   $1,079,188   $5,840,080  

For the three months ended March 31, 2025 and 2024, amortization expense
was $229 thousand and $183 thousand respectively. The remaining estimated amortization expense is expected to be as follows:

    March 31, 2025 
  
    2025 - remainder of the year 
    $520,860 
  
    2026 
     657,711 
  
    2027 
     654