Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 216

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 216
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43,031 |   |     | $    |     43,031 |   |
| NOL Carryforward                |     |      | 10,160,018 |   |     |      |  7,370,500 |   |
| Deferred Income Tax Assets      |     |      | 10,203,049 |   |     |      |  7,413,531 |   |
| Deferred Tax Liabilities:       |     |      |            |   |     |      |            |   |
| LHFS                            |     |      |   (365,031 | ) |     |      |   (365,031 | ) |
| Derivatives                     |     |      |    (14,712 | ) |     |      |     (7,869 | ) |
| Intangible Assets               |     |      |   (142,676 | ) |     |      |   (142,676 | ) |
| Deferred Income Tax Liabilities |     |      |   (522,419 | ) |     |      |   (515,576 | ) |
| Valuation Allowance             |     |      | (9,680,630 | ) |     |      | (6,897,955 | ) |
| Net Deferred Income             
 Tax Asset/(Liability)           |     | $    |          - |   |     | $    |          - |   |

The gross operating loss carryforward was approximately $ 40,439,859and $ 29,536,339at December 31, 2023 and 2022, respectively. The Company provided a valuation allowance equal to the net deferred income tax assets for the years ended December 31, 2023, and 2022 because it was not known whether future taxable income will be sufficient to utilize the loss carryforward and other deferred tax assets. The increase in the valuation allowance was $ 2,782,675in 2023.

The potential tax benefit arising from the net operating loss carryforward of $ 10,160,018can be carried forward indefinitely within the annual usage limitations.

Additionally, the future utilization of the net operating loss carryforward to offset future taxable income is subject to an annual limitation as a result of ownership or business changes that may occur in the future. The Company has not conducted a study to determine the limitations on the utilization of these net operating loss carryforwards. If necessary, the deferred tax assets will be reduced by any