Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 17

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 17
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 assist with the valuation of
intangible assets acquired and certain assumed obligations.

Transaction costs associated with business combinations
are expensed as incurred.

During the first half of 2024, the Company acquired
majority ownership of the following franchisees of the Company: La Rosa Realty Georgia LLC (“Georgia”) and La Rosa Realty
California (“California”), La Rosa Realty Lakeland LLC (“Lakeland”), La Rosa Realty Success LLC (“Success”)
and 100% ownership of La Rosa Realty Winter Garden LLC (“Winter Garden”). All five franchises engage mostly in the residential
real estate brokerage services to the public primarily through sales agents and also provide coaching and support services to agents
on a fee basis. 

The following table summarizes the purchase consideration
and the purchase price allocation to the estimated fair values of the identifiable assets acquired and liabilities assumed for the five
acquisitions.

     Winter Garden   Georgia   California   Lakeland   Success   Total   Acquired ownership   100%   51%   51%   51%   51%       Acquisition date   2/21/2024    3/7/2024    3/15/2024    4/18/2024    5/24/2024        Common stock issued   268,858    276,178    1,387    514,939    56,375    1,117,737                                    Cash consideration  $—   $—   $—   $50,000   $10,000   $60,000   Equity consideration   352,204    516,453    123,113    823,903    68,778    1,884,451   Total purchase price  $352,204   $516,453   $123,113   $873,903   $78,778   $1,944,451   Noncontrolling interest   —    496,200    118,285    839,632    75,689    1,529,806   Acquisition date fair value  $352,204   $1,012,653   $241,398   $1,713,535   $