Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 94

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 94
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 $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 was as follows:

    Three Months  Ended 

    March 31, 2024 
  
    Revenue 
    $245,436 
  
    Cost of revenue 
    $229,712 
  
    Gross profit 
    $15,725 
  
    Loss before provision for income taxes 
    $(11,983)

The following unaudited pro forma financial information
presents the combined operating results of the Company, Winter Garden, Georgia, California, Lakeland, Success, BF Prime, Nona Title, Beach