Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 154

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 154
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   171,767    446,657    111,202    815,411    104,798    9,632    102,619   $1,762,086   Long-term assets   —    91,118    106,542    129,521    22,697    14,545    —   $364,423   Long-term liabilities   —    (98,641)   (69,449)   (94,591)   (8,236)   (7,500)   —    (278,417)  Net assets acquired   172,242    463,696    104,704    823,951    98,107    17,402    103,470    1,783,572   Goodwill  $179,962   $548,957   $136,694   $889,584   $56,360   $32,599   $555,322   $2,399,478  

11

La
Rosa Holdings Corp. and Subsidiaries

Notes
to the Unaudited Condensed Consolidated Financial Statements

Goodwill
generated from the acquisition was primarily attributable to expected synergies from future growth and strategic advantages provided
through expansion and was not expected to be deductible for income tax purposes.

During
the year ended December 31, 2024, after an impairment evaluation, the Company recognized an impairment charge of $787 thousand related
to the acquisitions of Lake Nona, Premier, Orlando, Georgia, California, Lakeland, CW Properties and Winter Garden.

The
classes of intangible identifiable assets acquired and the estimated useful life of each class is presented in the table below for the
seven acquisitions:

    Winter Garden  
    Georgia  
    California  
    Lakeland  
    Success  
    BF Prime  
    Nona Title  
    Total 
  
    Franchise agreement (10 to 11 years) 
    $146,990  
    $356,200  
    $92,367  
    $511,453  
    $48,302  
    $7,771  
    $—  
    $1,163,083