Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 863

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 863
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,000 restricted stock units on February 1, 2024, which will be issued under the 2022 Plan. The Company records
stock-based compensation expense for the new grant ratably over the one-year vesting period. The Company also valued the new award
using the assumed IPO price of $5.00 a share. For the year ended December 31, 2023, the Company recorded $38,247 of share-based compensation
expense for the CTO’s RSUs, and as of December 31, 2023, unrecognized compensation expense related to the award was $1,753, which
will be recognized in 2024. The Company did not realize any tax benefits associated with share-based compensation for the year ended
December 31, 2023, as the Company recorded a valuation allowance on all deferred tax assets.

On February 1, 2024, a Restricted Stock Unit (“RSU”)
covering 4,000 shares granted to the Company’s Chief Technology Officer (“CTO”) vested. The Company withheld 1,187 shares
to cover payroll tax withholding and issued 2,813 shares to the executive. The Company also granted a new RSU to the CTO on February 1,
2024, which will vest on the first anniversary of the grant.

For the years ending December 31, 2024 and 2023, the
Company recorded $23,144 and $1,820,741, respectively, of share-based compensation expense related to the RSUs. For the years
ending December 31, 2024 and 2023, unrecognized compensation expense related to the awards was $86,722 and $1,753, respectively.

The Company did not realize any tax benefits associated with share-based
compensation for the years ending December 31, 2024 and 2023, as the Company recorded a valuation allowance on all deferred tax assets.

F-32

Note 10 — Earnings Per Share

Basic loss per share of common stock attributable
to common stockholders is computed by dividing net loss attributable to common stockholders by the weighted average number of shares
of common stock outstanding during the period. Diluted loss per share of common stock attributable to common stockholders is computed
by giving effect to all potential shares of common stock, including those related to the Company’s outstanding warrants and the
2022 Plan, to the extent dilutive. For all periods presented, these potential shares were excluded from