Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 16

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 all three conditions identified in ASC Topic 860-10-40-5 (a) – (c) and have
accounted for this activity as a sale. Given the quality of the factored accounts, the Company does not recognize a recourse obligation.
In certain limited instances, the Company may provide collection services on the factored accounts but does not receive any fees for
acting as the collection agent, and as such.

BUSINESS
COMBINATION

The
Company accounts for business combinations in accordance with ASC 805, Business Combinations. Under this guidance, the Company
allocates the purchase price of an acquired business to the identifiable assets acquired and liabilities assumed at their estimated fair
values as of the acquisition date. The excess of the purchase price over the estimated fair value of net assets acquired is recorded
as goodwill.

Goodwill
represents the excess purchase price over the fair value of the tangible net assets and intangible assets acquired in the business combination.
The increases or decreases in the fair value of the Company’s assets and liabilities can result from changes in fair values as
of the acquisition date as determined during the one-year measurement period under ASC 805.

    11

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

GOODWILL

Goodwill
is the excess of the purchase price over the estimated fair value of identifiable net assets acquired in business combinations. The Company
tests goodwill for impairment annually in the fourth quarter, or more frequently when indications of potential impairment exist. The
Company monitors the existence of potential impairment indicators throughout the fiscal year. The Company may elect to perform either
a qualitative test or a quantitative test to determine if it is more likely than not that the carrying value of a reporting unit exceeds
its estimated fair value. Fair value reflects the price a market participant would be willing to pay in a potential sale of the reporting
unit. If the estimated fair value of the Company exceeds its carrying value, then the Company concludes the goodwill is not impaired.
If the carrying value of the Company exceeds its estimated fair value, the Company recognizes an impairment loss in an amount equal to
the excess, not to exceed the amount of goodwill. Based on the Company’s impairment analysis, management determined that goodwill
was not impaired for the period ended March 31, 2025.

INTANGIBLE
ASSETS

The
Company accounts for certain finite-lived intangible assets at amortized cost and other certain indefinite-lived int