Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 48

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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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 $2,759 with Tower Title.

Beeline
Loans partnered with CredEvolv on February 26, 2025 to help declined borrowers improve their credit and secure mortgage approval. Steve
Romano is co-founder and President of CredEvolv. Mr. Romano also serves on the Company’s Board of Directors.

Beeline
Loans is a member of The Mortgage Collaborative, which is an industry trade group founded by David Kittle. Beeline Loans pays membership
fees to The Mortgage Collaborative. Mr. Kittle was appointed as Special Advisor to the Company and Board of Directors on March 12, 2025.

    30

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31,