Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 130

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 130
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,260    517,797    613,464    4,705,583   Long-term assets   371,132    184,440    64,282    7,406    —    32,132    659,392   Long-term liabilities   (396,936)   (195,368)   (34,756)   (450)   —    (16,462)   (643,972)  Net assets acquired   1,074,202    1,583,129    445,120    293,297    500,380    614,767    4,510,895   Goodwill  $935,590   $2,217,171   $754,880   $508,105   $770,580   $516,286   $5,702,612  

The purchase consideration of North Florida was
comprised of both equity and cash. In accordance with the terms of the purchase agreement, the cash consideration of $300,000 is to be
paid over an eight-month period beginning January 2024, with two thirds of the balance was paid in August 2024. The remaining cash consideration
has been accrued as of December 31, 2024. The cash commitment does not include any contingencies.

Goodwill generated from the acquisition is primarily
attributable to expected synergies from future growth and strategic advantages provided through expansion and is not expected to be deductible
for income tax purposes.

The classes of intangible assets acquired and the estimated useful
life of each class is presented in the table below for the six acquisitions:

    Lake Nona  
    Kissimmee  
    CW Properties  
    Premier  
    Orlando  
    North Florida  
    Total 
  
    Franchise agreement (10 to 11 years) 
     967,107  
     1,199,274  
     359,201  
     234,485  
     402,351  
     580,663  
     3,743,081 
  
    Agent relationships (8 to 11 years) 
     86,688  
     327,123  
     37,068  
     —