Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 162

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 162
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 |   |     |   |      591 |   |
| Less                     
 accumulated amortization |               |   |      (385 | ) |     |   |     (344 | ) |
| Other                    
 assets, net              |               | $ |       182 |   |     | $ |      247 |   |

| F-40 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2024

(Unaudited)

As of September 30, 2024, the Company had $ 0.4million of capitalized costs related to services provided for the rebranding of its existing product line. This amount is being amortized over a seven-yearlife.

Amortization expense totalled $ 41,250 and $ 42,857for the nine months ended September 30, 2024 and 2023, respectively.

The deposits represent the office lease deposits and cash collateral for the Company’s credit cards.

11. Leases

The Company has various lease agreements in place for its warehouse and copier. Terms of these leases include, in some instances, scheduled rent increases, renewals, purchase options and maintenance costs, and vary by lease. These lease obligations expire at various dates through 2026. The Company determines if an arrangement is a lease at inception. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. As of September 30, 2024, the amount of right-of-use assets and lease liabilities were each $ 0.4 million. Aggregate lease expense for the nine months ended September 30, 2024 was $ 0.2million, consisting of $ 0.1million in operating lease expense for lease liabilities and $ 0.1 million in short-term lease cost.

Maturities of lease liabilities as of September 30, 2024 were as follows:

Schedule of Maturities of Operating Lease Liabilities

| (Dollars                        
 in thousands)                   |     | Operating 
 Leases    |     |   |     |