Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 12

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 12
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 materially from the Company’s estimates. The condensed consolidated financial information is unaudited and reflects
all normal adjustments that are, in the opinion of management, necessary to provide a fair statement of results for the interim periods
presented, which contemplate continuation of the Company as a going concern and realization of assets and satisfaction of liabilities
in the normal course of business and do not include any adjustments that might result from the outcome of any uncertainties related to
the Company’s going concern assessment. The carrying amounts of assets and liabilities presented in the unaudited condensed consolidated
financial statements do not necessarily purport to represent realizable or settlement values.

The unaudited condensed consolidated financial
statements include the financial statements of the Company, all entities that are wholly-owned by the Company, and all entities in which
the Company has a controlling financial interest. All intercompany transactions and balances have been eliminated. Business combinations
consummated during the reporting period are reflected in the Company’s results effective from the date of acquisition through the
end of the reporting period.

Results of the three-month and six-month periods
ended June 30, 2025 are not necessarily indicative of the results to be expected for the full year ending December 31, 2025. These condensed
consolidated financial statements should be read in conjunction with the consolidated financial statements for the Company as of and
for the year ended December 31, 2024, included in the Company’s Annual Report on Form 10-K. The condensed consolidated balance
sheet as of December 31, 2024 was derived from the Company’s audited financial statements referred to above.

Stock Split

On July 7, 2025, the Company effected a 1-for-80 reverse stock
split of the shares of the Company’s common stock, par value $0.0001 per share (the “Reverse Stock Split”). The
Reverse Stock Split reduced the number of shares of common stock of the Company outstanding from 58,323,795 shares to 729,113 shares,
when considering the rounding up to the nearest whole share adjustments. The number of authorized shares of common stock of the Company
under its Articles of Incorporation remained unchanged at 2,050,000,000 shares and the par value of the common stock remained $0.0001
per share. See Note 11 – Subsequent Events for more information.

As a result of the Reverse Stock Split, all historical
share and per share amounts disclosed in the unaudited