Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1712

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1712
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916,282       93,431       822,851    Real estate listings   0.3       564,756       472,543       92,213    Non-compete agreements   3       188,748       46,076       142,672    Total   9     $ 6,919,268     $ 1,079,188     $ 5,840,080   

F-19

     Weighted                 Average                 Remaining  December 31, 2023      Amortization  Gross              Period
(in years)  Carrying Amount   Accumulated
Amortization   Net
Amount   Franchise agreement  11   3,743,081    32,334    3,710,747   Agent relationships  8   522,780    8,692    514,088   Real estate listings  1   298,798    28,366    270,432   Non-compete agreements  4   140,924    3,742    137,182   Total  10  $4,705,583   $73,134   $4,632,449  

The Company recorded $1,006,052 and $73,134 of
amortization of the intangible assets during the years ended December 31, 2024 and December 31, 2023, respectively. Based on the intangible
assets recorded at December 31, 2024, and assuming no subsequent additions to or impairment of the underlying assets, the remaining estimated
annual amortization expense is expected to be as follows:

    Amortization 
  
    2025 
    $749,941 
  
    2026 
     657,711 
  
    2027 
     654,098 
  
    2028 
     611,917 
  
    2029 
     609,696 
  
    Thereafter 
     2,556,717 
  
    Total 
    $5,840,080 

Note 5 — Leases

The Company has operating leases for office space
in several states. Lease terms