Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 95

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 95
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es
and Baxpi, as if each acquisition had occurred as of January 1, 2024. The unaudited pro forma financial information includes the accounting
effects of the business combinations, including adjustments to the amortization of intangible assets. The unaudited pro forma information
does not necessarily reflect the actual results that would have been achieved, nor is it necessarily indicative of the Company’s
future consolidated results.

The unaudited pro forma financial information
is presented in the table below for the three-month periods ended March 31, 2024:

    March 31,
 2024 
  
    Revenue 
    $15,262,890 
  
    Cost of revenue 
     13,793,373 
  
    Gross profit 
    $1,469,517 

    Loss before provision for income taxes 
    $(4,775,820)
  
    Loss per share of common stock attributable to common stockholders, basic and diluted 
    $(0.38)
  
    Weighted average shares used in computing net loss per share of common stock attributable to common stockholders 
     16,237,452 

Note 3 — Goodwill and Intangible Assets

Goodwill

The gross carrying amount of goodwill as of both March 31, 2025 and
December 31, 2024 was $8,012,331.

Intangible Assets

Intangible assets consist of franchise agreements, agent relationships,
real estate listings, and non-compete agreements, and are initially recorded at fair value. Long-lived intangible assets are amortized
over their estimated useful lives in a method reflecting the pattern in which the economic benefits are consumed or amortized on a straight-line
basis if such pattern cannot be reliably determined. The Company continues to assess potential triggering events related to the value
of its intangible assets and concluded that there was no impairment during the three months ended March 31, 2025.

9

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

The components of purchased intangible assets
were as follows:

     Weighted Average                 Remaining  March 31, 2025      Amortization  Gross              Period (in years)  Carrying Amount   Accumulated Amortization   Net Amount   Franchise agreement  9   5,249,482    592