Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 118

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 118
---
 operations. If the Company is not able to renegotiate these contracts on acceptable terms
or find suitable alternatives, its business, financial condition or results of operations could be negatively impacted.

19.
NET INCOME (LOSS) PER COMMON SHARE

Basic
income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding
during the period, without considering any dilutive items. Potentially dilutive securities consist of the incremental common stock issuable
upon exercise of preferred stock, stock options, and warrants. Potentially dilutive securities are excluded from the computation if their
effect is anti-dilutive. There were no
anti-dilutive common shares included in the calculation of
income (loss) per common share as of March 31, 2025 and December 31, 2024. As of March 31, 2025, there were 14.5
million shares of common stock equivalents that were antidilutive
due to the Company’s net loss.

20.
RELATED PARTY TRANSACTIONS

Beeline
Financial issued a note to a private company in which Joseph Freedman, a Board member of the Company, has an ownership interest. This
note was for $0.1 million, accrues interest at 7% per annum and is due on demand. This note was subsequently repaid in January 2025.
Additionally in January 2025, Mr. Freedman purchased 238,418 shares of Series G Preferred Stock and five-year Warrants to purchase a
total of 11,921 shares of common stock for total gross proceeds of $0.1 million.

During
March 2025, the Company’s Chief Executive Officer, Nicholas Liuzza, purchased 4,308,155
shares of Series G Preferred Stock and five-year5
Warrants to purchase a total of 215,409
shares of common stock for total gross proceeds of $2.2 million.
In addition, Mr. Liuzza converted his $0.7 million bridge loan into $0.7 million of units comprised of 1,372,549 shares of Series G Preferred
Stock and five-year Warrants to purchase a total of 68,628 shares.

Jessica
Kennedy, Beeline Financial’s Chief Operating Officer, owns a 5% interest in Tower Title, which is a vendor to certain subsidiaries
of the Company. During the three months ended March 31, 2025, the Company had transactions of