Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 890

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 890
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31, 2024 and 2023

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

    2024  
    2023 
  
    Revenues 

    Gain on sale of loans, net 
    $757  
    $- 
  
    Title fees 
     277  
     - 
  
    Loan origination fees 
     214  
     - 
  
    Interest income 
     86  
     - 
  
    Interest expense 
     (141) 
     - 
  
    Data and tech services 
     2  
     - 
  
    Net sales, spirits 
     2,577  
     3,787 
  
    Total Net Revenues 
     3,772  
     3,787 

    Operating Expenses 

    Salaries and benefits 
     3,151  
     1,374 
  
    Marketing and advertising 
     809  
     204 
  
    Professional fees 
     1,065  
     488 
  
    General and administrative expenses 
     1,000  
     1,115 
  
    Depreciation and amortization 
     803  
     57 
  
    Other operating expenses 
     537  
     - 
  
    Impairment loss 
     3,356  
     364 
  
    Cost of sales, spirits (includes depreciation of $75 and $92 for the years ended December 31,
2024 and 2023, respectively) 
     2,081  
     2,609 
  
    Total operating expenses 
     12,802  
     6,211 
  
    Loss from operations 
     (9,030) 
     (2,424)
  
    Other income (expense), net 

    Interest income 
     4  
     - 
  
    Interest expense 
     (2,236) 
     (1,096)
  
    Gain on extinguishment of debt 
     591  
     - 
  
    Gain on troubled debt restructuring 
     4,483  
     - 
  
    Loss on debt to equity conversion 
     -  
     (1,321)
  
    Loss on equity method investment 
     (58) 
     - 
  
    Other income