Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 246

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 246
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, the FASB issued ASU 2023-7, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosure of significant segment expenses on an annual and interim basis. The ASU is effective on a retrospective basis for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The adoption of ASU 2023-7 had no effect on the Company’s financial position or results of operations.

In December 2023, the FASB issued ASU 2023-9, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024, and early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company will include the required disclosures in its condensed consolidated financial statements once adopted.

NOTE 4 – MORTGAGE LOANS HELD FOR SALE

Mortgage Loans held for Sale

Beeline sells substantially all of its originated mortgage loans to investors. As of September 30, 2024 and December 31, 2023, Beeline recognized an allowance for estimated fair value on the eventual sales of loans.

Schedule of Estimated Fair Value Based On Eventual Sale Of Loans

|                                             |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:--------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Mortgage loans held for sale                |     | $ |          6,116,847 |     | $ |         2,267,596 |
| Fair value adjustment                       |     |   |            154,704 |     |   |            33,416 |
| Mortgage loans held for sale, at fair value |     | $ |          6,271,551 |     | $ |         2,301,012 |

| F-96 |

<div align='center'>BEELINE FINANCIAL HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

September 30, 2024

(Unaudited)</div>

NOTE 5 - PROPERTY AND EQUIPMENT

Property and Equipment

Property and equipment