Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 867

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 867
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of a position on audit in its financial statements. The Company will continue to evaluate its uncertain tax positions in future periods
to determine if measurement and recognition in its financial statements is necessary. The Company does not believe there will be any material
changes in its unrecognized tax positions over the next year. 

Note 12 — Segments

ASC 280, “Segment Reporting” establishes
standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure
as well as information about services categories, business segments and major customers in financial statements. In accordance with the
“Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief
Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire
Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected
segment information quarterly and annually regarding significant and material aspects regarding revenue, related cost of revenue and general
and administrative expense. All material operating sub-units qualify for aggregation under “Segment Reporting” due to their
similar customer base and similarities in economic characteristics and nature of services.

F-34

The Company has determined that the assets of the
reporting segments, which consist primarily of cash, accounts receivable and intangible assets, do not provide operationally significant
information due to the service nature of the business segments.

The Company’s business is organized into six
material reportable segments which aggregate 100% of revenue:

    1)
    Real Estate Brokerage Services (Residential)

    2)
    Franchising Services

    3)
    Coaching Services

    4)
    Property Management

    5)
    Real Estate Brokerage Services (Commercial)

    6)
    Title Settlement and Insurance

The reporting segments follow the same accounting policies used in
the preparation of the Company’s consolidated financial statements. The following represents the information for the Company’s
reportable segments for the years ended December 31, 2024 and 2023, respectively.

    2024  
    2023 
  
    Revenue by segment 

    Real Estate Brokerage Services (Residential) 
    $57,024,911  
    $20,450,348 
  
    Franchising Services 
     329,069  
     883,606 
  
    Coaching Services 
     568,516  
     628,846