Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 20

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 20
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 the combined operating results of the Company, Winter Garden, Georgia, California, Lakeland and Success as if each acquisition
had occurred as of January 1, 2024. The unaudited pro forma financial information includes the accounting effects of the business combinations,
including adjustments to the amortization of intangible assets. The unaudited pro forma information does not necessarily reflect the
actual results that would have been achieved, nor is it necessarily indicative of the Company’s future consolidated results. 

The unaudited pro forma financial information
is presented in the table below for the six-month period ended June 30, 2024:

    Six Months Ended 

    June 30, 

    2024 
  
    Revenue 
    $34,766,626 
  
    Cost of revenue 
     31,703,710 
  
    Gross profit 
    $3,265,900 

    Loss before provision for income taxes 
    $(6,066,202)
  
    Loss per share of common stock attributable to common
    stockholders, basic and diluted 
    $(29.35)
  
    Weighted average shares used in computing net loss per
    share of common stock attributable to common stockholders 
    $214,520 

Note 3 — Goodwill and Intangible Assets

Goodwill

The gross carrying amount of goodwill as of both June 30, 2025 and
December 31, 2024 was $8,012,331.

Intangible Assets

Intangible assets consist of franchise agreements,
agent relationships, real estate listings, and non-compete agreements, and are initially recorded at fair value. Long-lived intangible
assets are amortized over their estimated useful lives in a method reflecting the pattern in which the economic benefits are consumed
or amortized on a straight-line basis if such pattern cannot be reliably determined. The Company continues to assess potential triggering
events related to the value of its intangible assets and concluded that there was no impairment during the six months ended June 30,
2025.

9

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

The components of purchased intangible assets
were as follows:

     Weighted Average                 Remaining                 Amortization  June 30, 2025      Period  Gross Carrying   Accumulated   Net      (