Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 33

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 33
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5, the Company entered into a marketing agreement pursuant
to which the Company agreed to issue 250,000 shares of the Company’s common stock for services rendered. The stock compensation
expense for the three months ended March 31, 2025, related to this transaction amounted to $46,925.

For the three months ended March 31, 2025, the holder of our Senior
Secured promissory notes converted 2,259,036 shares of the Company’s common stock as part of their First warrants and principal
and interest conversions.

For the three months ended March 31, 2025, the Company utilized their
ATM and sold a total of 7,446,442 shares of the Company’s common stock for gross proceeds of 3,023,563 and net proceeds of 2,919,192.

For the three months ended March 31, 2025, the Company issued 16,692
shares of the Company’s common stock pursuant to the Restricted Stock Unit (RSU) vesting with a value of $19,454.

Stock Option Awards

For the three-month periods ended March 31, 2025 and 2024, the Company
recorded stock-based compensation for employees and directors awards of $143,904 and $2,792,505, respectively. The Company did not
realize any tax benefits associated with share-based compensation for the three-month periods ended March 31, 2025 or 2024, as the Company
recorded a valuation allowance on all deferred tax assets.

At March 31, 2025, options outstanding that have
vested and are expected to vest are as follows:

             Weighted                  Average              Weighted   Remaining              Average   Contractual   Aggregate      Number of   Exercise   Life   Intrinsic      Shares   Price   (in years)   Value   Vested   3,966,740   $1.54    9.0   $   —   Expected to vest   265,421    0.80    9.5    —   Total   4,232,161   $1.49    9.0   $—  

19

La Rosa Holdings Corp. and Subsidiaries
Notes to the Un