Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 422

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 422
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    $—  
    $— 

A reconciliation of the provision for income taxes
with the amounts computed by applying the Federal income tax rate to income from operations before the provision for income taxes is as
follows for the years ended December 31, 2024 and 2023:

    2024  
    2023 
  
    U.S. federal statutory rate 
     21.00% 
     21.00%
  
    State taxes, net of federal benefit 
     4.51  
     4.49 
  
    Permanent items 
     (1.97) 
     (0.05)
  
    Prior year true-up 
     —  
     — 
  
    Valuation allowance 
     (21.74) 
     (24.50)
  
    Other 
     (1.8) 
     (0.94)
  
    Effective income tax rate 
     0% 
     0%

F-33

The components of deferred tax assets (liabilities) were as follows:

    December 31, 

    2024  
    2023 
  
    Net operating loss carryforwards 
    $3,085,132  
    $1,251,958 
  
    Stock compensation 
     2,550,588  
     1,351,444 
  
    Basis adjustment on acquired assets 
     (1,157,639) 
     (1,043,064)

    Right of use assets 
     (252,920) 
     (174,299)
  
    Lease liability 
     258,441  
     178,362 
  
    Goodwill 
     51,036  
     — 
  
    Allowance for credit losses 
     33,356  
     5,374 
  
    Charitable contributions 
     14,126  
     7,528 
  
    Deferred tax assets, before valuation allowance 
     4,582,120  
     1,577,303 
  
    Valuation allowances 
     (4,582,120) 
     (1,577,303)
  
    Deferred tax assets, net of valuation allowance 
    $0  
    $0 

A reconciliation of the beginning and ending amount of deferred
income tax