Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 171

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 171
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sidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

Economic
Injury Disaster Loans

During 2024, the Company acquired franchises that
had outstanding Economic Injury Disaster Loans (the “EIDL Loans”) in the aggregate of $147,100. The Company acquired the EIDL
Loans which have terms similar to the Company’s existing EIDL loans. The EIDL Loans mature in 2050 and bear interest at a rate of
3.75% per annum. The interest expense incurred for the EIDL loans were $3,724 and $16,894 for the three months and nine months ended September
30, 2025 and $7,000 and $19,054 for September 30, 2024, respectively.

Future
maturities of EIDL term debt as of September 30, 2025, were as follows:

    September 30, 
  
    Economic Injury Disaster Loans-Future Maturities 
    2025 
  
    2025 - remainder of the year 
    $1,475 
  
    2026 
     5,900 
  
    2027 
     5,900 
  
    2028 
     5,900 
  
    2029 
     5,900 
  
    2030 
     5,900 
  
    Thereafter 
     611,793 
  
    Total 
    $642,768 

Total
Notes Payable as of September 30, 2025 and December 31, 2024 were as follows:

    September 30,  
    December 31, 
  
    Notes Payable 
    2025  
    2024 
  
    Senior secured promissory note (“SSPN”) #1 
    $-  
    $106,192 
  
    SSPN #2 
     -  
     1,316,000 
  
    SSPN #3 
     -  
     468,000 
  
    Promissory note payable 
     7,958,504  
     148,725 
  
    Economic injury disaster loans (EIDL) 
     642,768  
     647,630 
  
    Acquisition Settlement Agreement 
     869,047  
     976,190 
  
    Total 
    $9,470,319  
    $3,662,737