Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 14

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 14
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  111,202    729,626   Long-term assets   —    91,118    106,542    197,660   Long-term liabilities   —    (98,641)   (69,449)   (168,090)  Net assets acquired   172,242    463,696    104,703    740,641   Goodwill  $179,962   $548,956   $136,695   $865,613  

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

 During the year ended December 31, 2024, after an impairment
evaluation, the Company recognized an impairment charge of $787 thousand.

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

    Winter Garden  
    Georgia  
    California  
    Total 

    (unaudited) 
  
    Franchise agreement (10 to 11 years) 
    $146,990  
    $356,200  
    $92,367  
    $595,557 
  
    Agent relationships (8 to 11 years) 
     —  
     43,447  
     7,657  
     51,104 
  
    Real estate listings (1 year) 
     22,239  
     37,310  
     10,417  
     69,966 
  
    Non-compete agreements (4 years) 
     2,538  
     9,700  
     761  
     12,999 
  
    Total identifiable intangible assets acquired 
    $171,767  
    $446,657  
    $111,202  
    $729,626 

8

La Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

The amounts of revenue, cost of revenue, gross
profit, and loss from operations before income taxes of the three acquisitions included in the Company’s condensed consolidated
statement of operations from the date of the acquisition for the three-month period ended March 31, 2024