Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 2

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 2
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377,044) 
     6,675,419 
  
    Total liabilities and stockholders' equity (deficit) 
    $21,042,854  
    $19,407,426 

See notes to the consolidated financial statements.

1

La Rosa Holdings Corp. and Subsidiaries

Condensed Consolidated Statements
of Operations

(unaudited)

    Three Months Ended
March 31, 

    2025  
    2024 
  
    Revenue 
    $17,514,394  
    $13,088,899 

    Cost of revenue 
     15,976,726  
     11,926,902 

    Gross profit 
     1,537,668  
     1,161,997 

    Operating expenses: 

    Sales and marketing 
     563,149  
     232,727 
  
    General and administrative 
     3,727,525  
     2,321,855 
  
    Stock-based compensation — general and administrative 
     1,914,851  
     3,191,138 
  
    Total operating expenses 
     6,205,525  
     5,745,720 

    Loss from operations 
     (4,667,857) 
     (4,583,723)
  
    Other income (expense) 

    Interest expense, net 
     (24,341) 
     (20,252)
  
    Loss on extinguishment of debt 
     (151,925) 
     - 
  
    Amortization of debt discount 
     (63,160) 
     (56,003)
  
    Change in fair value of derivative liability 
     899,874  
     (5,000)
  
    Loss on issuance of senior secured convertible note and warrants 
     (128,836,250) 
     — 
  
    Change in fair value of convertible note and warrants 
     37,145,000  
     — 
  
    Other (expense) income, net 
     (226) 
     — 
  
    Loss before provision for income taxes 
     (95,698,885) 
     (4,664,978)
  
    Benefit from income taxes 
     —  
     — 
  
    Net loss