Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 211

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 211
---
'>Beeline Financial Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2023 and 2022</div>

At December 31, 2023, the total unrecognized compensation related to unvested stock option awards granted, was approximately $0.8 million, which the Company expects to recognize over a weighted-average period of approximately 3.5 years.

Stock option activities for the years ended December 31, 2023 and 2022 are summarized as follows:

Schedule of Stock Option Activity

|                                        |     | Number     
 of Options |         |   |     | Weighted               
 Average Exercise Price |      |     | Weighted                                   
 Average Remaining Contractual Term (Years) |     |     | Aggregate       
 Intrinsic Value |   |
|:---------------------------------------|:----|:-----------|--------:|:--|:----|:-----------------------|-----:|:----|:-------------------------------------------|----:|:----|:----------------|:--|
| Balance Outstanding, December 31, 2021 |     |            | 228,810 |   |     | $                      | 4.08 |     |                                            |   6 |     | $               | - |
| Forfeited                              |     |            | (35,090 | ) |     |                        |    - |     |                                            |     |     |                 | - |
| Balance Outstanding, December 31, 2022 |     |            | 193,720 |   |     |                        | 3.94 |     |                                            |   5 |     |                 | - |
| Granted                                |     |            | 609,090 |   |     |                        | 2.50 |     |                                            |     |     |                 | - |
| Forfeited                              |     |            | (66,320 | ) |     |                        |    - |     |                                            |     |     |                 | - |
| Balance Outstanding, December 31, 2023 |     |            | 736,490 |   |     | $                      | 2.89 |     |                                            | 4.6 |     | $               | - |
| Exercisable, December 31, 2023         |     |            | 152,850 |   |     | $                      | 2.89 |     |                                            | 4.6 |     | $               | - |

The fair value of