Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 23

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 additional tax liability, nor does it believe that there are any unrealized
tax benefits that would either increase or decrease within the next year.

Any
penalties and interest assessed by income taxing authorities are included in operating expenses.

The
federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for
three years after they were filed. Tax years 2022, 2023, and 2024 remain open for potential audit.

TROUBLED
DEBT RESTRUCTURING

The
Company evaluates all modifications to its debt agreements in accordance with ASC 470-60, Debt – Troubled Debt Restructurings
by Debtors. A debt restructuring is considered a troubled debt restructuring (“TDR”) if the creditor, for economic or
legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider.

Concessions
may include, but are not limited to:

    ●
    A
    reduction in the stated interest rate,

    ●
    An
    extension of the maturity date,

    ●
    A
    reduction in the principal amount or accrued interest, or

    ●
    A
    combination of the above.

When
a debt restructuring qualifies as a TDR, the Company evaluates whether the restructuring represents a modification or an extinguishment
of debt. If the future undiscounted cash flows of the restructured debt are less than the carrying amount of the original debt, a gain
is recognized in the period of the restructuring. The restructured debt is subsequently measured based on the revised terms.

COMPREHENSIVE
INCOME (LOSS)

Comprehensive
income (loss) includes all changes in equity during a period from non-owner sources and is presented in accordance with the provisions
of ASC 220, Comprehensive Income. The Company reports comprehensive income in the consolidated statements of operations and comprehensive
income (loss), which includes net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes foreign
currency translation adjustments, including gains and losses from the translation of the Company’s foreign subsidiary whose functional
currency is not the U.S. dollar.

OPERATING
SEGMENTS

Operating
segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation
by the Company’s chief operating decision maker (“CODM”) and relied upon when making decisions regarding resource allocation
and assessing performance. When evaluating the Company’s financial performance,