Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 0

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 0
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ITEM 1. CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

La Rosa Holdings Corp.
and Subsidiaries

Condensed Consolidated Balance Sheets

    June 30,
    2025  
    December 31,
    2024 

    (unaudited)  
    (audited) 
  
    Assets 

    Current assets: 

    Cash 
    $5,095,257  
    $1,442,901 
  
    Restricted cash 
     1,965,804  
     2,137,707 
  
    Accounts receivable, net of allowance for credit losses of $325,627 and $166,504, respectively 
     1,208,048  
     931,662 
  
    Other current assets 
     73,792  
     1,788 
  
    Total current assets 
     8,342,901  
     4,514,058 

    Noncurrent assets: 

    Property and equipment, net 
     7,663  
     9,411 
  
    Right-of-use asset, net 
     1,082,948  
     997,715 
  
    Intangible assets, net 
     5,423,815  
     5,840,080 
  
    Goodwill 
     8,012,331  
     8,012,331 
  
    Other long-term assets 
     37,959  
     33,831 
  
    Total noncurrent assets 
     14,564,716  
     14,893,368 
  
    Total assets 
    $22,907,617  
    $19,407,426 
  
    Liabilities and Stockholders’ Equity 

    Current liabilities: 

    Accounts payable 
    $2,451,504  
    $2,376,704 
  
    Accrued expenses 
     649,421  
     738,065 
  
    Contract liabilities 
     134,121  
     7,747 
  
    Line of credit 
     2,332  
     148,976 
  
    Derivative liability 
     —  
     1,607,544 
  
    Advances on future receipts 
     —  
     618,681 
  
    Accrued acquisition cash consideration