La Rosa Holdings Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 16, 2024
LRHC$0.76-15.4%Stored close · as of Oct 16, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statement of Cash Flows
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(7,823,763) | $(2,320,656) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 5,100,474 | 230,664 |
| Amortization and deprecation | 73,134 | — |
| Forgiveness of debt | — | (149,312) |
| Change in fair value of derivatives | (138,985) | 120,599 |
| Amortization of debt discount and financing fees | 1,016,644 | 349,913 |
| Non-cash interest expense | 44,722 | 160,727 |
| Provision for credit losses | 21,201 | 76,151 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts receivable | (370,831) | 119,596 |
| Other current assets | 45,000 | (44,200) |
| Accounts payable | 307,877 | (115,653) |
| Accrued expenses | (238,407) | 297,933 |
| Income taxes payable | — | (150,000) |
| Security deposits payable | 69,164 | 310,977 |
| Other | (641) | (63,844) |
| Net Cash Used In Operating Activities | (1,894,411) | (1,177,105) |
| Cash Flows from Financing Activities: | ||
| Acquisition of businesses, net of cash acquired | (141,744) | — |
| Net Cash Used In Investing Activities | (141,744) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from issuances of common stock in public offering, net of issuance costs | 4,360,000 | — |
| Borrowings on bank line of credit | 331,095 | 137,301 |
| Payments on bank line of credit | (417,736) | (180,690) |
| Proceeds from notes payable | — | 514,448 |
| Payments on notes payable | (532,163) | (4,388) |
| Proceeds from advances on future receipts | 500,650 | — |
| Payments on advances on future receipts | (679,688) | — |
| Payments relating to deferred offering costs | (1,765,081) | (511,619) |
| Proceeds from convertible debt | — | 120,000 |
| Payments on convertible debt | (70,000) | (10,000) |
| Proceeds from related party | 45,413 | 1,267,500 |
| Payments to related party | (168,100) | (35,795) |
| Proceeds from issuance of preferred stock | 1,523,000 | — |
| Withholding tax paid on behalf of employees on stock based awards | (177,330) | — |
| Distributions paid | — | (229,528) |
| Net Cash Provided by Financing Activities | 2,950,060 | 1,067,229 |
| Net Increase (Decrease) in Cash and Restricted Cash | 913,905 | (109,876) |
| Cash and Restricted Cash at Beginning of Year | 1,529,922 | 1,639,798 |
| Cash and Restricted Cash at End of Year | $2,443,827 | $1,529,922 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash Paid During the Period for: | ||
| Interest | $129,644 | $34,175 |
| Taxes | — | — |
| Non-Cash Activities: | ||
| Derivative liabilities embedded in debt instruments | $(883,894) | $760,608 |
| Loan conversion to capital contribution | $— | $556,268 |
| Warrants issued associated with debt notes | $— | $198,776 |
| Convertible debt and related party debt exchanged for 1,912 shares of Series A Convertible Preferred Stock | $1,923,468 | $— |
| Issuance of 981,676 shares of common stock for beneficial conversion feature of Series A Convertible Preferred Stock | $1,472,514 | $— |
| (Decrease) increase in accounts payable related to deferred offering costs | $(981,069) | $701,917 |
| Issuance of 1,393,618 shares of common stock for deferred offering costs | $6,968,090 | $— |
| Issuance of 2,750,114 shares of common stock as part of the consideration of acquisitions of businesses | $7,266,078 | $— |
| Issuance of 95,000 shares of common stock as part of the repayment of notes payable | $475,000 | $— |
| Issuance of 6,566 shares of common stock upon the conversion of convertible debt upon the IPO | $26,265 | $— |
| Issuance of 819,000 shares of common stock for services rendered | $1,286,180 | $— |
| Settlement of conversion rights | $433,894 | $— |
| Reconciliation of Cash and Restricted Cash | ||
| Cash | $959,604 | $118,558 |
| Restricted Cash | 1,484,223 | 1,411,364 |
| Cash and Restricted Cash | $2,443,827 | $1,529,922 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.