Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1671

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1671
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 preferred stock. A partial use
of the proceeds raised were used to pay down debt, including our line of credit, our notes payable, advances on future receipts, convertible
debt, and amounts due to related party, which totaled $0.991 million, net. We also paid $0.177 million in withholding taxes related to
the vesting of employee restricted stock units upon the IPO.

Off-Balance Sheet Arrangements

On December 31, 2024, we did
not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures or capital resources. Since
our inception, we have not engaged in any off-balance sheet arrangements, including the use of structured finance, special purpose entities
or variable interest entities. We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures
or capital resources that is material to stockholders.

50

Material Cash Requirements from Known Contractual
and Other Obligations

The following table summarizes
our contractual obligations as of December 31, 2024 and as for the periods thereafter:

    Payments Due By Period 
  
    Contractual Obligation 
    Total  
    Less than 1 year  
    1-3 years  
    3-5 years  
    After 5 years 
  
    Notes payable 
    $3,662,735  
    $2,187,673  
    $297,714  
    $297,714  
    $879,634 
  
    Interest payments on notes payable 
     595,009  
     24,286  
     48,572  
     48,572  
     473,579 
  
    Advances on future receipts 
     618,681  
     618,681  
     -  
     -  
     - 
  
    Undiscounted lease obligations 
     1,144,550  
     551,173  
     593,377  
     -  
     - 
  
    Accrued acquisition cash consideration 
     411,404  
     381,404  
     30,000