2024 Q3 Form 10-Q Financial Statement

#000121390024069618 Filed on August 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $19.59M $19.05M $11.44M
YoY Change 188.46% 154.36% 90.65%
Cost Of Revenue $17.96M $17.47M $10.47M
YoY Change 188.85% 156.09% 84.3%
Gross Profit $1.636M $1.586M $970.7K
YoY Change 184.26% 136.76% 203.35%
Gross Profit Margin 8.35% 8.33% 8.49%
Selling, General & Admin $2.994M $2.953M $6.939M
YoY Change 201.52% 207.58% 567.24%
% of Gross Profit 183.02% 186.14% 714.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $285.5K $167.1K $73.13K
YoY Change
% of Gross Profit 17.45% 10.53% 7.53%
Operating Expenses $3.384M $3.427M $6.939M
YoY Change 240.77% 256.95% 567.24%
Operating Profit -$1.748M -$1.840M -$5.969M
YoY Change 318.68% 534.63% 728.96%
Interest Expense $98.57K $78.61K -$126.7K
YoY Change -148.16% -171.46% -69.09%
% of Operating Profit
Other Income/Expense, Net $4.544K $7.810K
YoY Change -93.83% -126.03%
Pretax Income -$2.393M -$2.266M -$6.087M
YoY Change 595.86% 466.56% 424.78%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.452M -$2.320M -$7.555M
YoY Change 613.17% 480.02% 647.99%
Net Earnings / Revenue -12.52% -12.18% -66.04%
Basic Earnings Per Share -$0.21 -$0.16
Diluted Earnings Per Share -$0.21 -$0.16 -$0.69
COMMON SHARES
Basic Shares Outstanding 16.03M shares 14.30M shares 11.39M
Diluted Shares Outstanding 16.36M shares 14.86M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.812M $1.551M $959.6K
YoY Change 417.19% 434.88% 699.67%
Cash & Equivalents $1.800M $1.600M $959.6K
Short-Term Investments
Other Short-Term Assets $1.188K $1.767M $1.484M
YoY Change -99.92% 14.75% 3198.27%
Inventory
Prepaid Expenses
Receivables $817.4K $898.1K $826.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.778M $4.216M $3.270M
YoY Change 115.52% 99.83% 60.23%
LONG-TERM ASSETS
Property, Plant & Equipment $17.74K $12.18K $702.5K
YoY Change
Goodwill $8.102M $7.514M $5.703M
YoY Change
Intangibles $4.632M
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.85K $32.29K $21.27K
YoY Change 26.25% -98.52% -73.18%
Total Long-Term Assets $14.91M $14.51M $11.06M
YoY Change 319.91% 565.64% 501.1%
TOTAL ASSETS
Total Short-Term Assets $4.778M $4.216M $3.270M
Total Long-Term Assets $14.91M $14.51M $11.06M
Total Assets $19.69M $18.73M $14.33M
YoY Change 241.34% 336.54% 269.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.094M $1.842M $1.147M
YoY Change 71.98% 43.93% -24.73%
Accrued Expenses $729.0K $366.9K $868.1K
YoY Change 19.86% -47.58% 66.22%
Deferred Revenue $72.37K $120.8K
YoY Change
Short-Term Debt $75.70K $0.00 $0.00
YoY Change -61.57% -100.0% -100.0%
Long-Term Debt Due $2.096M $1.798M $4.400K
YoY Change 727.68% 274.62% -98.24%
Total Short-Term Liabilities $6.247M $5.577M $2.097M
YoY Change 102.59% 63.56% -54.85%
LONG-TERM LIABILITIES
Long-Term Debt $643.7K $645.3K $615.1K
YoY Change 81.57% 79.25% 70.87%
Other Long-Term Liabilities $2.950K $2.950K $1.850M
YoY Change -99.82% -99.81% 5.73%
Total Long-Term Liabilities $3.050M $3.085M $2.465M
YoY Change 55.48% 61.54% 16.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.247M $5.577M $2.097M
Total Long-Term Liabilities $3.050M $3.085M $2.465M
Total Liabilities $9.297M $8.663M $8.419M
YoY Change 84.27% 62.84% 24.56%
SHAREHOLDERS EQUITY
Retained Earnings -$21.48M -$19.03M -$12.11M
YoY Change 256.46% 182.28%
Common Stock $26.44M $23.72M $18.02M
YoY Change 291.74% 1176.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.956M $4.690M $5.910M
YoY Change
Total Liabilities & Shareholders Equity $19.69M $18.73M $14.33M
YoY Change 241.34% 336.54% 269.23%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$2.452M -$2.320M -$7.555M
YoY Change 613.17% 480.02% 647.99%
Depreciation, Depletion And Amortization $285.5K $167.1K $73.13K
YoY Change
Cash From Operating Activities -$591.6K -$803.1K -$1.444M
YoY Change 103.44% -830.05% 167.34%
INVESTING ACTIVITIES
Capital Expenditures $5.030K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$46.77K -$26.89K -$141.7K
YoY Change
Cash From Investing Activities -$51.81K -$26.89K -$141.7K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.285M 1.465M 2.132M
YoY Change 258.59% -14746.7% 204.54%
NET CHANGE
Cash From Operating Activities -591.6K -803.1K -1.444M
Cash From Investing Activities -51.81K -26.89K -141.7K
Cash From Financing Activities 1.285M 1.465M 2.132M
Net Change In Cash 641.5K 634.7K 546.4K
YoY Change 850.09% 534.72% 241.49%
FREE CASH FLOW
Cash From Operating Activities -$591.6K -$803.1K -$1.444M
Capital Expenditures $5.030K
Free Cash Flow -$596.6K
YoY Change

Facts In Submission

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576383 usd
CY2023Q2 lrhc Adjustmentto Additional Capital Extinguishment Of Derivative Liability Related To Exchange Of Convertible And Related Party Debt
AdjustmenttoAdditionalCapitalExtinguishmentOfDerivativeLiabilityRelatedToExchangeOfConvertibleAndRelatedPartyDebt
71680 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4986 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1035083 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2877995 usd
us-gaap Profit Loss
ProfitLoss
-1392445 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2846468 usd
lrhc Adjustmentto Additional Capital Extinguishment Of Derivative Liability Related To Exchange Of Convertible And Related Party Debt
AdjustmenttoAdditionalCapitalExtinguishmentOfDerivativeLiabilityRelatedToExchangeOfConvertibleAndRelatedPartyDebt
314589 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
74300 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1035083 usd
us-gaap Profit Loss
ProfitLoss
-6931211 usd
us-gaap Profit Loss
ProfitLoss
-1392445 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3665110 usd
us-gaap Share Based Compensation
ShareBasedCompensation
74300 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
440343 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
211566 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
88100 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-128784 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
320104 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
674894 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
90922 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
105090 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
43139 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
13201 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
103358 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-177813 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-5354 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-45000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
626100 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-103782 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
13691 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
238186 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
120766 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
282884 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
139183 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-214879 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1341369 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-157344 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
60000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
60000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-71718 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
71718 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
147881 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
189745 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
147881 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
157443 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2250200 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
326879 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2834 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1571 usd
lrhc Proceeds From Advances On Future Receipts
ProceedsFromAdvancesOnFutureReceipts
500000 usd
lrhc Payments On Advances On Future Receipts
PaymentsOnAdvancesOnFutureReceipts
199463 usd
lrhc Payments On Postacquisition Consideration
PaymentsOnPostacquisitionConsideration
75000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
475072 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
18700 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
923000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1958 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2144066 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
459959 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
874415 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
302615 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2443827 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1529922 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3318242 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1832537 usd
us-gaap Interest Paid Net
InterestPaidNet
20772 usd
us-gaap Interest Paid Net
InterestPaidNet
26845 usd
lrhc Derivative Liabilities Embedded In Debt Instruments
DerivativeLiabilitiesEmbeddedInDebtInstruments
229300 usd
lrhc Issuance Of Shares Of Common Stock As Part Of The Consideration Of Acquisitions Of Businesses
IssuanceOfSharesOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusinesses
1117737 shares
lrhc Issuance Of Shares Of Common Stock As Part Of The Consideration Of Acquisitions Of Businesses
IssuanceOfSharesOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusinesses
1117737 shares
lrhc Issuance Of Shares Value Of Common Stock As Part Of The Consideration Of Acquisitions Of Busi
IssuanceOfSharesValueOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusi
1884451 usd
lrhc Common Stock As Part Of The Issuance Of Notes Payable
CommonStockAsPartOfTheIssuanceOfNotesPayable
117000 shares
lrhc Common Stock As Part Of The Issuance Of Notes Payable
CommonStockAsPartOfTheIssuanceOfNotesPayable
117000 shares
lrhc Issuance Of Shares Of Common Stock As Part Of The Issuance Of Notes Payable
IssuanceOfSharesOfCommonStockAsPartOfTheIssuanceOfNotesPayable
151236 usd
lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature
IssuanceOfSharesOfCommonStockForBenefcialConversionFeature
1912 shares
lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature
IssuanceOfSharesOfCommonStockForBenefcialConversionFeature
1912 shares
lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature Of Series A Convert
IssuanceOfSharesOfCommonStockForBenefcialConversionFeatureOfSeriesAConvert
1923468 usd
lrhc Deferred Offered Costs Incurred Paid During The Period
DeferredOfferedCostsIncurredPaidDuringThePeriod
-79655 usd
lrhc Issuance Of Shares Of Common Stock For Services
IssuanceOfSharesOfCommonStockForServices
490000 shares
lrhc Issuance Of Shares Of Common Stock For Services
IssuanceOfSharesOfCommonStockForServices
490000 shares
lrhc Issuance Of Shares Of Common Stock For Services Rendered
IssuanceOfSharesOfCommonStockForServicesRendered
3665110 usd
lrhc Office Leases Acquired Under Operating Lease Obligations
OfficeLeasesAcquiredUnderOperatingLeaseObligations
609049 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1551135 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
292725 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1767107 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1539812 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3318242 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1832537 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1600000 usd
lrhc Working Capital Amount
WorkingCapitalAmount
1400000 usd
CY2024Q3 lrhc Issuance Of Secured Promissory Note Percentage
IssuanceOfSecuredPromissoryNotePercentage
0.13 pure
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Reclassifications</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain items in the prior period’s condensed consolidated financial statements have been reclassified to conform to the current year presentation reflected in the financial statements. Specifically, stock-based compensation was separated from general and administrative expenses on the condensed consolidated statements of operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
1649835 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6355418 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
510764 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5844654 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4705583 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
73134 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4632449 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
254000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
438000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
563140 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
682740 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
600808 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
597241 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
557314 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2843411 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5844654 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
121000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2750 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
5500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
620544 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
650794 usd
CY2024Q1 lrhc Percentage Of Lowest Volume Weighted Average Price
PercentageOfLowestVolumeWeightedAveragePrice
0.85 pure
CY2024Q2 lrhc Percentage Of Lowest Volume Weighted Average Price
PercentageOfLowestVolumeWeightedAveragePrice
0.85 pure
CY2024Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
75967 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
48582 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
7420 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
212955 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
101975 usd
us-gaap Lease Cost
LeaseCost
420870 usd
us-gaap Lease Cost
LeaseCost
133440 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
249176 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
609049 usd
lrhc Increase Decrease In Rightof Use Assets
IncreaseDecreaseInRightofUseAssets
333509 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1107751 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
687570 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
459122 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
340566 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
670032 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
363029 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1129154 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
703595 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0914 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
305316 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
438907 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
342062 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
184864 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16639 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1287788 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
158634 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1129154 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
459122 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
670032 usd
us-gaap Salaries And Wages
SalariesAndWages
249000 usd
us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
5
CY2024Q1 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
166667
lrhc Deemed Dividend
DeemedDividend
230667 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
423334 shares
CY2023Q4 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePrice
3.72
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
538353 shares
lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Granted Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsGrantedWeightedAverageExercisePrice
2.6
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
961687 shares
CY2024Q2 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePrice
3.09
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1117737 shares
CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
162000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2950000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
46000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
3785310 shares
CY2024Q2 lrhc Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageExercisePrice
1.75
lrhc Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedOutstandingWeightedAverageRemainingContractualTerm1
P9Y6M3D
CY2024Q2 lrhc Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingAggregateIntrinsicValue
1582856 usd
lrhc Sharebased Compensation Arrangement By Sharebased Payment Award Options Expected To Vest Numberof Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpectedToVestNumberofShares
90000 shares
CY2024Q2 lrhc Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageExercisePrice
1.2
lrhc Sharebased Compensation Arrangement By Sharebased Payment Award Options Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y10M17D
CY2024Q2 lrhc Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingAggregateIntrinsicValue
82100 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Number Of Shares Period Increase Decrease
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNumberOfSharesPeriodIncreaseDecrease
3875310 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y6M7D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1664956 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.22
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.679 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.04 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
74729 usd
CY2024Q1 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
1187 shares
CY2024Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
2813 shares
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43488 usd
lrhc Deemed Dividend
DeemedDividend
230667 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4863938 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
547334 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 pure
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
1 pure
CY2024Q2 us-gaap Revenues
Revenues
19051420 usd
CY2023Q2 us-gaap Revenues
Revenues
7486720 usd
us-gaap Revenues
Revenues
32140319 usd
us-gaap Revenues
Revenues
13528356 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17465109 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6819485 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
29392011 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12233411 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
1586311 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
667235 usd
us-gaap Gross Profit
GrossProfit
2748308 usd
us-gaap Gross Profit
GrossProfit
1294945 usd
CY2024Q2 us-gaap Revenues
Revenues
19051420 usd
CY2023Q2 us-gaap Revenues
Revenues
7486720 usd
us-gaap Revenues
Revenues
32140319 usd
us-gaap Revenues
Revenues
13528356 usd
CY2024Q1 lrhc Senior Secured Promissory Note Discount Rate
SeniorSecuredPromissoryNoteDiscountRate
0.05 pure
CY2024Q1 lrhc Senior Secured Promissory Note Coupon Rate
SeniorSecuredPromissoryNoteCouponRate
0.13 pure
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2024Q2 lrhc Deemed Dividend
DeemedDividend
usd
CY2023Q2 lrhc Deemed Dividend
DeemedDividend
usd
lrhc Deemed Dividend
DeemedDividend
usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14268294 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14863934 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6003293 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6004000 shares
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
usd
lrhc Proceeds From Advances On Future Receipts
ProceedsFromAdvancesOnFutureReceipts
usd
lrhc Payments On Advances On Future Receipts
PaymentsOnAdvancesOnFutureReceipts
usd
lrhc Payments On Postacquisition Consideration
PaymentsOnPostacquisitionConsideration
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
lrhc Derivative Liabilities Embedded In Debt Instruments
DerivativeLiabilitiesEmbeddedInDebtInstruments
usd
lrhc Issuance Of Shares Value Of Common Stock As Part Of The Consideration Of Acquisitions Of Busi
IssuanceOfSharesValueOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusi
usd
lrhc Issuance Of Shares Of Common Stock As Part Of The Issuance Of Notes Payable
IssuanceOfSharesOfCommonStockAsPartOfTheIssuanceOfNotesPayable
usd
lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature Of Series A Convert
IssuanceOfSharesOfCommonStockForBenefcialConversionFeatureOfSeriesAConvert
usd
lrhc Deferred Offered Costs Incurred Paid During The Period
DeferredOfferedCostsIncurredPaidDuringThePeriod
usd
lrhc Issuance Of Shares Of Common Stock For Services Rendered
IssuanceOfSharesOfCommonStockForServicesRendered
usd
lrhc Office Leases Acquired Under Operating Lease Obligations
OfficeLeasesAcquiredUnderOperatingLeaseObligations
usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
us-gaap Operating Lease Payments
OperatingLeasePayments
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001879403

Files In Submission

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0001213900-24-069618-index-headers.html Edgar Link pending
0001213900-24-069618-index.html Edgar Link pending
0001213900-24-069618.txt Edgar Link pending
0001213900-24-069618-xbrl.zip Edgar Link pending
ea0210935-10q_larosa.htm Edgar Link pending
ea021093501ex31-1_larosa.htm Edgar Link pending
ea021093501ex31-2_larosa.htm Edgar Link pending
ea021093501ex32-1_larosa.htm Edgar Link pending
ea021093501ex32-2_larosa.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lrhc-20240630.xsd Edgar Link pending
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ea0210935-10q_larosa_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable