Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 58

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 58
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 2024. The increase in property management costs was primarily related to an increase in properties under management. The gross
profit of property management services has increased by $68 thousand, or about 229%, for the three-month period ending March 31, 2025
over the comparable prior year period related to increase in properties under management.

Title Settlement and Insurance

We acquired Nona Title rebranded FPG Title near the end of the third
quarter of 2024, increases are related to this acquisition generating revenues, cost of revenues and general and administrative expenses
for the first time for the three months ended March 31, 2025.

Selling, General and Administrative Expense

    Year Ended
 March 31,  
    Change 

    2025  
    2024  
    $  
    % 
  
    Sales and Marketing 
    $563,149  
    $232,727  
    $330,422  
     142%
  
    Payroll and benefits 
     1,530,793  
     936,492  
     594,301  
     63%
  
    Rent and other 
     381,689  
     230,771  
     150,918  
     65%
  
    Professional fees 
     1,003,345  
     310,565  
     692,780  
     223%
  
    Office 
     78,446  
     76,969  
     1,477  
     2%
  
    Technology 
     117,444  
     75,959  
     41,485  
     55%
  
    Insurance, training and other 
     167,829  
     128,205  
     39,624  
     31%
  
    Public company costs 
     217,933  
     378,095  
     (160,162) 
     -42%
  
    Amortization and depreciation 
     230,046  
     184,799  
     45,247  
     24%
  
    Total SG&A Expenses 
    $4,290,674  
    $2,554,582  
    $1,736,092  
     68%

NM: Not Meaningful

31

Selling, general and administrative costs