Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 85

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 85
---
2 million for the years ended December 31, 2024 and 2023, respectively, reflecting its restructuring
initiative in 2024.

Impairment loss. Impairment loss $3.3
million and $0.4 million for the years ended December 31, 2024 and 2023, respectively, related to its Azuñia assets.

Corporate

    Years Ended December 31, 
  
    (Dollars in thousands) 
    2024  
    2023  
    Variance 
  
    Salaries and benefits 
    $1,350  
    $457  
    $893 
  
    Marketing and advertising 
     11  
     -  
     11 
  
    Professional fees 
     1,041  
     488  
     553 
  
    General and administrative expenses 
     768  
     820  
     (52)
  
    Depreciation and amortization 
     22  
     -  
     22 
  
    Other operating expenses 
     59  
     (3) 
     62 
  
    Total operating expenses 
     3,251  
     1,762  
     1,489 
  
    Interest income 
     4  
     -  
     4 
  
    Interest expense 
     (2,225) 
     (1,096) 
     (1,129)
  
    Gain on extinguishment of debt 
     591  
     -  
     591 
  
    Gain on troubled debt restructuring 
     4,483  
     -  
     4,483 
  
    Loss on debt to equity conversion 
     -  
     (1,321) 
     1,321 
  
    Loss on equity method investment 
     (58) 
     -  
     (58)
  
    Other income 
     39  
     -  
     39 
  
    Other expense 
     (27) 
     (6) 
     (21)
  
    Net loss 
    $(444) 
    $(4,185) 
    $3,741 

52

Capital Resources and Liquidity

Financial
Policy. We intend to maintain a disciplined financial policy and improve our credit metrics which are critical