Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 230

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 230
---
  
     9,319  
     2%
  
    Public company costs 
     678,237  
     1,063,635  
     (385,398) 
     -36%
  
    Amortization and deprecation 
     585,699  
     725,867  
     (140,168) 
     -19%
  
    Total SG&A Expenses 
    $12,473,359  
    $8,501,331  
    $3,972,028  
     47%

NM:
Not Meaningful

Selling, general and administrative costs increased
by approximately $4.0 million, or 47%, in the nine months September 30, 2025 as compared to the nine months ended September 30, 2024.
Of this $1.3 million is related to professional service, and $1.8 million is related to payroll and benefits which were added to support
the acquisitions, administrative, sales and marketing activities.

Stock-based
compensation

We incurred stock-based compensation of approximately
$2.3 million and $4.8 million in the three and nine months ended September 30, 2025, respectively, primarily due to option and other grants
to our CEO pursuant to the terms of his employment agreement ($2.2 million) and consultant shares granted for various advisory and marketing
functions ($1.5 million) and other grants to our agents and employees in the form of restricted stock units.

We incurred stock-based compensation of approximately
$390 thousand and $4.1 million in the three and nine months ended September 30, 2024, respectively, due to option grants to our CEO pursuant
to the terms of his employment agreement $2.1 million), other employees ($1.0 million), and investors and consultants who provided various
services to the company ($1.0 million).

55

Other
Income (Expense), Net

Other income (expense), net for the three months
ended September 30, 2025, decreased approximately $91 thousand compared to other income (expense), net, for the three months ended September
30, 2024. The decrease in expense in 2025 was primarily due the 2024 loss of $722 thousand offset by the 2024 fair value adjustments for
derivatives and warrants.

Other expense, net for the nine months ended September
30, 2025, increased approximately $9