Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 135

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 135
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 and $ 7.5million, respectively.

10.Other Assets

Other assets consisted of the following as of December 31:

Schedule of Other Assets

|                          | (Dollars      
 in thousands) |   | 2023 |   |     |   | 2022 |   |
|:-------------------------|:--------------|:--|-----:|:--|:----|:--|-----:|:--|
| Product                  
 branding                 |               | $ |  396 |   |     | $ |  400 |   |
| Deposits                 |               |   |  172 |   |     |   |  148 |   |
| Other                    |               |   |   23 |   |     |   |    - |   |
| Total                    
 other assets             |               |   |  591 |   |     |   |  548 |   |
| Less                     
 accumulated amortization |               |   | (344 | ) |     |   | (287 | ) |
| Other                    
 assets, net              |               | $ |  247 |   |     | $ |  261 |   |

As of December 31, 2023, 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 totaled $ 0.1million for both the years ended December 31, 2023 and 2022.

The deposits represent office lease deposits.

11.Leases

The Company has various lease agreements in place for facilities, equipment and vehicles. 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 December 31, 2023, the amount of right-of