Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 191

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 191
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 be recognized as assets or liabilities on the consolidated balance sheets at their fair value. The Company
issues IRLCs to originate mortgage loans and the fair value of the IRLCs, adjusted for the probability that a given IRLC will close
and fund, is recognized in gain on sale of loans, net on the consolidated statements of operations. Subsequent changes in the fair value
of the IRLC are measured at each reporting period within gain on loans, net until the loan is funded. The Company accounts for all derivative
instruments as free-standing derivative instruments and does not designate any for hedge accounting.

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.

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.

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Intangible
assets. The Company accounts for certain finite-lived intangible assets at amortized cost and other certain indefinite-lived
intangible assets at cost. Management reviews all intangible assets for probable impairment whenever events or circumstances indicate