Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1678

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1678
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31, 2023, respectively 
     2,185  
     1,341 
  
    Additional paid-in capital 
     29,121,589  
     18,016,400 
  
    Accumulated deficit 
     (26,555,319) 
     (12,107,756)
  
    Total stockholders’ equity – La Rosa Holdings Corp. shareholders 
     2,568,455  
     5,909,985 
  
    Noncontrolling interest in subsidiaries 
     4,106,964  
     3,857,076 
  
    Total stockholders’ equity 
     6,675,419  
     9,767,061 
  
    Total liabilities and stockholders’ equity 
    $19,407,426  
    $14,329,045 

See notes to the consolidated financial statements.

F-3

La Rosa Holdings Corp. and Subsidiaries

Consolidated Statements of Operations

    Year Ended December 31, 

    2024  
    2023 
  
    Revenue 
    $69,448,786  
    $31,759,404 

    Cost of revenue 
     63,495,507  
     28,918,236 

    Gross profit 
     5,953,279  
     2,841,168 

    Operating expenses: 

    Sales and marketing 
     1,007,077  
     359,717 
  
    General and administrative 
     10,625,551  
     4,473,340 
  
    Stock-based compensation — general and administrative 
     4,730,355  
     5,100,474 
  
    Impairment of goodwill 
     787,438  
     - 
  
    Total operating expenses 
     17,150,421  
     9,933,531 

    Loss from operations 
     (11,197,142) 
     (7,092,363)
  
    Other income (expense) 

    Interest expense, net 
     (403,397) 
     (140,382)
  
    Loss on extinguishment of debt 
     (777,558) 
     - 
  
    Amortization of debt discount 
     (649,138) 
     (