Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 152

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 152
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date, the assets acquired and liabilities assumed in the Company’s business combinations have primarily consisted of goodwill and
finite-lived intangible assets, consisting primarily of franchise agreements, agent relationships, real estate listings, non-compete
agreements, and right-of-use assets. The estimated fair values and useful lives of identifiable intangible assets are based on many factors,
including estimates and assumptions of future operating performance and cash flows of the acquired business, the nature of the business
acquired, and the specific characteristics of the identified intangible assets. The estimates and assumptions used to determine the fair
values and useful lives of identified intangible assets could change due to numerous factors, including market conditions, technological
developments, economic conditions and competition. In connection with the determination of fair values, the Company engages independent
appraisal firms to assist with the valuation of intangible assets acquired and certain assumed obligations.

Transaction
costs associated with business combinations are expensed as incurred.

During
the first nine months of 2024, the Company acquired majority ownership of the following franchisees of the Company: La Rosa Realty Georgia
LLC (“Georgia”), La Rosa Realty California (“California”), La Rosa Realty Lakeland LLC (“Lakeland”),
La Rosa Realty Success LLC (“Success”) and 100% ownership of La Rosa Realty Winter Garden LLC (“Winter Garden”),
BF Prime LLC (“BF Prime”) and Nona Title Agency LLC (“Nona Title”). All seven franchises engage mostly in the
residential real estate brokerage services to the public primarily through sales agents and also provide coaching and support services
to agents on a fee basis. 

The
following table summarizes the purchase consideration and the purchase price allocation to the estimated fair values of the identifiable
assets acquired and liabilities assumed for the seven acquisitions.

     Winter Garden   Georgia   California   Lakeland   Success   BF Prime   Nona Title   Total   Acquired ownership   100%   51%   51%   51%   51%   100%   100%       Acquisition date   2/21/2024    3/7/2024    3/15/2024    4/18/2024    5/25/2024    8/19/2024    8/21/2024        Common stock issued   268,858    276,178