v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,442,901 $ 959,604
Restricted cash 2,137,707 1,484,223
Accounts receivable, net of allowance for credit losses of $166,504 and $83,456, respectively 931,662 826,424
Other Current Assets 1,788
Total current assets 4,514,058 3,270,251
Noncurrent assets:    
Property and equipment, net 9,411 14,893
Right-of-use asset, net 997,715 687,570
Intangible assets, net 5,840,080 4,632,449
Goodwill, net 8,012,331 5,702,612
Other long-term assets 33,831 21,270
Total noncurrent assets 14,893,368 11,058,794
Total assets 19,407,426 14,329,045
Current liabilities:    
Accounts payable 2,376,704 1,147,073
Accrued expenses 738,065 227,574
Contract liabilities 7,747
Line of credit 148,976
Derivative liability 1,607,544
Advances on future receipts, net 618,681 77,042
Accrued acquisition cash consideration 381,404 300,000
Notes payable, current 2,187,673 4,400
Lease liability, current 473,733 340,566
Total current liabilities 8,540,527 2,096,655
Noncurrent liabilities:    
Note payable, net of current 1,475,064 615,127
Security deposits and escrow payable 2,137,707 1,484,223
Lease liability, noncurrent 545,759 363,029
Other liabilities 32,950 2,950
Total non-current liabilities 4,191,480 2,465,329
Total liabilities 12,732,007 4,561,984
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively
Common stock - $0.0001 par value; 250,000,000 shares authorized; 21,847,514 and 13,406,480 issued and outstanding at December 31, 2024 and December 31, 2023, respectively 2,185 1,341
Additional paid-in capital 29,121,589 18,016,400
Accumulated deficit (26,555,319) (12,107,756)
Total stockholders’ equity – La Rosa Holdings Corp. shareholders 2,568,455 5,909,985
Noncontrolling interest in subsidiaries 4,106,964 3,857,076
Total stockholders’ equity 6,675,419 9,767,061
Total liabilities and stockholders’ equity $ 19,407,426 $ 14,329,045