Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 145

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 145
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La
Rosa Holdings Corp. and Subsidiaries

Notes
to the Unaudited Condensed Consolidated Financial Statements

Note
1 — Basis of Presentation and Summary of Significant Accounting Policies

Basis
of Presentation and Consolidation

The
accompanying unaudited condensed consolidated financial statements of La Rosa Holdings Corp. (the “Company”) have been prepared
in accordance with the instructions to Form 10-Q and Regulation S-X and do not include all the information and disclosures required by
accounting principles generally accepted in the United States of America (“GAAP”). The Company has made estimates and judgements
affecting the amounts reported in the Company’s condensed consolidated financial statements and the accompanying notes. The actual
results experienced by the Company may differ 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 nine month periods
ended September 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.

Reclassifications of Prior Year Presentation

During the preparation of the financial statements for the quarter
ended September 30,