Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 155

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 155
---
 vodka, and tequila. Bridgetown Spirits sells products
on a wholesale basis to distributors in one open states and through brokers in control states.

Corporate
primarily consists of general corporate expenses, including public company costs, executive compensation, legal and regulatory compliance,
and other administrative functions that support the overall business. This segment also includes holding company expenses, such as financing
costs, investor relations, and strategic corporate initiatives that are not directly attributable to any operating segment. As this segment
does not generate revenue, its financial results primarily reflect overhead, and governance-related expenditures incurred to support
the company’s publicly traded status and corporate infrastructure.

    Three Months Ended March 31, 
  
    (Dollars in thousands) 
    2025  
    2024 
  
    Beeline Financial 
    $1,350  
    $- 
  
    Bridgetown Spirits 
     482  
     597 
  
    Total Revenues 
    $1,832  
    $597 

    Beeline Financial 
    $(2,325) 
    $- 
  
    Bridgetown Spirits 
     (224) 
     (92)
  
    Corporate 
     (4,378) 
     (611)
  
    Total net loss from continuing operations 
    $(6,927) 
    $(703)

Beeline
Financial (for the three months ended March 31)

    (Dollars in thousands) 
    2025 
  
    Gain on sale of loans, net 
    $814 
  
    Title fees 
     376 
  
    Loan origination fees 
     150 
  
    Interest income 
     71 
  
    Interest expense 
     (65)
  
    Data and tech services 
     4 
  
    Total net revenues 
     1,350 
  
    Salaries and benefits 
     1,167 
  
    Marketing and advertising 
     527 
  
    Professional fees 
     35 
  
    General and administrative expenses 
     495 
  
    Depreciation and amortization 
     795 
  
    Other operating expenses 
     643 
  
    Total operating expenses 
     3,662 
  
    Loss from operations 
     (2,312)
  
    Interest expense 
     (10)
  
    Other expense 
     (3)
  
    Net loss 
    $(2,325)

36

For the three