Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1274

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1274
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 net loss per share of common stock 
     20,222,347  
     9,799,084 

The following unaudited pro forma financial information
presents the combined operating results of the Company, Lake Nona, Kissimmee, and the four acquisitions as if each acquisition had occurred
as of January 1, 2023. 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.

F-18

The unaudited pro forma financial information
is presented in the table below for the years ended December 31, 2024 and 2023:

    Twelve Months Ended 

    December 31, 

    2024  
    2023 
  
    Revenue 
    $71,938,934  
    $69,988,585 
  
    Cost of revenue 
    $65,484,111  
    $63,914,041 
  
    Gross profit 
    $6,454,823  
    $6,074,544 

    Loss before provision for income taxes 
    $(14,499,740) 
    $(9,355,251)
  
    Loss per share of common stock attributable to common stockholders, basic and diluted 
    $(0.79) 
    $(0.74)
  
    Weighted average shares used in computing net loss per share of common stock attributable to common stockholders 
     19,976,390  
     12,660,886 

Note 4 — Goodwill and Intangible Assets

Goodwill represents the future economic benefits
arising from assets acquired in a business combination that are not individually identified and separately recognized. The Company recognized
goodwill for the first time in the fourth quarter of 2023; as such, the Company first tested for impairment in the fourth quarter of 2024
the results of which follow.

Impairment test

During the fiscal fourth quarter of 2024, we determined
that a triggering event occurred as a result of additional decline in operational estimates for franchises acquired, along with uncertainty
for projected cash flows, and also further decreases in our stock price. Therefore, we performed a quantitative impairment test as of
the first day of fiscal fourth