Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 589

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 589
---
 $1,472,514 
  
    Issuance of 1,393,618 shares of common stock for deferred offering costs 
    $—  
    $6,968,090 
  
    Issuance of 2,750,114 shares of common stock as part of the consideration of acquisitions of businesses 
    $—  
    $7,266,078 
  
    Issuance of 95,000 shares of common stock as part of the repayment of notes payable 
    $—  
    $475,000 
  
    Issuance of 6,566 shares of common stock upon the conversion of convertible debt upon the IPO 
    $—  
    $26,265 
  
    Issuance of 819,000 shares of common stock for services rendered 
    $—  
    $1,286,180 
  
    Settlement of conversion rights 
    $—  
    $433,894 

    Reconciliation of Cash and Restricted Cash 

    Cash 
    $1,442,901  
    $959,604 
  
    Restricted Cash 
     2,137,707  
     1,484,223 
  
    Cash and Restricted Cash 
    $3,580,608  
    $2,443,827 

See notes to the consolidated financial statements.

F-6

La Rosa Holdings Corp. and Subsidiaries

Notes to the Consolidated Financial Statements

Note 1 — Basis of Presentation and Summary of Significant
Accounting Policies

Description of Business

La Rosa Holdings Corp. (the “Company”),
incorporated in Nevada on June 14, 2021, is a holding company for six agent-centric, technology-integrated, cloud-based, multi-service
real estate segments. The Company generates revenue primarily by providing person-to-person residential and commercial real estate brokerage
services to the public. In addition, the Company cross sells ancillary technology-based products and services to sales agents and the
sales agents associated with the Company’s franchisees. The business is organized based on the services provided internally to agents
and to the public, which are residential and commercial real estate brokerages, franchising services, real estate brokerage education
and coaching, and property management services.

Initial Public Offering

On October 12, 2023, the Company completed an
initial public offering (the “IPO”) in which it issued and sold 1,000,000 shares of Common