Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 41

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 41
---
,190  
     796,573 

Supplemental
balance sheet information related to leases is as follows:

    September 30,  
    December 31, 

    2025  
    2024 
  
    Assets: 

    Right-of-use assets 
    $1,104,403  
    $997,715 

    Liabilities: 

    Lease liability, current 
    $514,731  
    $473,733 
  
    Lease liability, noncurrent 
     625,637  
     545,759 

    $1,140,368  
    $1,019,492 

The
Company’s leases do not provide a readily determinable implicit discount rate. The Company estimates its incremental borrowing
rate as the discount rate based on the information available at lease commencement. The weighted average discount rate is 10.96%.

23

La
Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

Future
maturities on lease liabilities as of September 30, 2025, are as follows:

    September 30, 

    2025 
  
    2025 – remainder of year 
    $169,945 
  
    2026 
     571,338 
  
    2027 
     312,878 
  
    2028 
     130,929 
  
    2029 and thereafter 
     152,316 
  
    Total minimum lease payments 
     1,337,406 
  
    Less: imputed interest 
     (197,038)
  
    Present value of lease obligations 
     1,140,368 
  
    Less: current portion 
     (514,731)
  
    Long-term portion of lease obligations 
    $625,637 

There
were no leases with residual value guarantees.

Legal
Proceedings

From
time to time the Company is involved in litigation, claims, and other proceedings arising in the ordinary course of business. Such litigation
and other proceedings may include, but are not limited to, actions relating to employment law and misclassification, intellectual property,
commercial or contractual claims, brokerage or real estate disputes, or other consumer protection statutes, ordinary-course brokerage
disputes like the failure to disclose property defects, commission disputes, and vicarious liability based upon conduct of individuals
or entities outside of the