Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 0

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 0
---
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

La Rosa Holdings Corp. and Subsidiaries

Condensed Consolidated Balance Sheets

    March 31,
2025  
    December 31, 
2024 

    (unaudited)  
    (audited) 
  
    Assets 

    Current assets: 

    Cash 
    $2,853,535  
    $1,442,901 
  
    Restricted cash 
     2,065,812  
     2,137,707 
  
    Accounts receivable, net of allowance for credit losses of $312,247 and $166,504, respectively 
     1,184,252  
     931,662 
  
    Other current assets 
     28,111  
     1,788 
  
    Total current assets 
     6,131,710  
     4,514,058 

    Noncurrent assets: 

    Property and equipment, net 
     8,448  
     9,411 
  
    Right-of-use asset, net 
     1,241,409  
     997,715 
  
    Intangible assets, net 
     5,610,997  
     5,840,080 
  
    Goodwill 
     8,012,331  
     8,012,331 
  
    Other long-term assets 
     37,959  
     33,831 
  
    Total noncurrent assets 
     14,911,144  
     14,893,368 
  
    Total assets 
    $21,042,854  
    $19,407,426 
  
    Liabilities and Stockholders' Equity (Deficit) 

    Current liabilities: 

    Accounts payable 
    $1,767,247  
    $2,376,704 
  
    Accrued expenses 
     560,697  
     738,065 
  
    Contract liabilities 
     198,896  
     7,747 
  
    Line of credit 
     144,618  
     148,976 
  
    Derivative liability 
     81,360,000  
     1,607,544 
  
    Advances on future receipts 
     —  
     618,681 
  
    Accru