Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 0

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Beeline
Holdings, Inc. and Subsidiaries

Consolidated
Balance Sheets

(Dollars
in thousands, except share and per share amounts)

    March 31, 2025  
    December 31, 2024 

    (unaudited)  

    Assets 

    Current assets: 

    Cash and cash equivalents 
    $1,460  
    $391 
  
    Restricted cash 
     46  
     791 
  
    Mortgage loans held for sale, net, at fair value 
     5,229  
     6,925 
  
    Inventories 
     1,407  
     1,493 
  
    Interest rate lock commitment derivative 
     69  
     18 
  
    Prepaid expenses and other current assets 
     349  
     288 
  
    Accounts receivables, net 
     189  
     134 
  
    Total current assets 
     8,749  
     10,040 
  
    Goodwill 
     33,310  
     33,310 
  
    Intangible assets, net 
     5,725  
     5,749 
  
    Right-of-use assets 
     1,294  
     1,707 
  
    Property and equipment, net 
     14,030  
     14,775 
  
    Equity method investment 
     72  
     147 
  
    Other assets, net 
     573  
     787 
  
    Total Assets 
    $63,753  
    $66,515 

    Liabilities and Equity 

    Current liabilities: 

    Warehouse line of credit 
    $4,552  
    $6,106 
  
    Accounts payable 
     2,628  
     1,810 
  
    Accrued liabilities 
     1,760  
     1,513 
  
    Current portion of secured credit facilities, net of debt discount 
     4,273  
     4,466 
  
    Current portion of note payable and accrued interest, related parties 
     122  
     891 
  
    Current portion of notes payable and accrued interest, net of debt discount 
     815  
     840 
  
    Current portion of notes payable and accrued interest 
     815