Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 134

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 134
---
 critical accounting estimate is one that is
both important to the portrayal of a company’s financial condition and results of operations and requires management’s most
difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently
uncertain. During the first quarter of 2025, the Company entered into a securities purchase agreement providing for the issuance of a
convertible note and incremental warrants which required a fair value evaluation under ASC 825. This evaluation constituted an additional
critical accounting estimate to the Company. See Note 4 Fair Value Measurements and Other Liabilities and Note 5 Borrowings
to the accompanying condensed consolidated financial statements for more information. There have been no other material changes to the
Company’s critical accounting estimates as compared to the estimates described in the Annual Report on Form 10-K as of December
31, 2024 which we believe are the most critical to our business and understanding of our results of operations and affect the more significant
judgments and estimates that we use in preparation of our condensed consolidated financial statements. Other than the fair value evaluation
mentioned above, there have been no other material changes to the Company’s critical accounting estimates since the Annual Report
on Form 10-K as of December 31, 2024.

Results of Operations

Revenue

    Three Months Ended March 31,  
    Change 

    2025  
    2024  
    $  
    % 
  
    Real Estate Brokerage Services (Residential) 
    $14,270,279  
    $10,237,749  
    $4,032,530  
     39%
  
    Franchising Services 
     38,778  
     144,381  
     (105,603) 
     -73%
  
    Coaching Services 
     94,534  
     132,993  
     (38,459) 
     -29%
  
    Property Management 
     2,976,533  
     2,544,587  
     431,946  
     17%
  
    Real Estate Brokerage Services (Commercial) 
     57,066  
     29,189  
     27,877  
     96%
  
    Title Settlement and Insurance 
     77,204  
     -  
     77,204  
     NM