Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 165

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 165
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AP permits an entity to choose to measure many financial instruments and certain other items at fair value and contains financial statement presentation and disclosure requirements for assets and liabilities for which the fair value option is elected. As of September 30, 2024 and December 31, 2023, management has not elected to report any of the Company’s assets or liabilities at fair value under the “fair value option” provided by GAAP.

| F-35 |

<div align='center'>Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2024

(Unaudited)</div>

The hierarchy of fair value valuation techniques under GAAP provides for three levels: Level 1 provides the most reliable measure of fair value, whereas Level 3, if applicable, generally would require significant management judgment. The three levels for categorizing assets and liabilities under GAAP’s fair value measurement requirements are as follows:

| Level 
 1:    | Fair                                                                                                                                        
 value of the asset or liability is determined using cash or unadjusted quoted prices in active markets for identical assets or liabilities. |
| Level 
 2:    | Fair                                                                                                                                        
 value of the asset or liability is determined using inputs other than quoted prices that are observable for the applicable asset            
 or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in           
 active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.                             |
| Level 
 3:    | Fair                                                                                                                                        
 value of the asset or liability is determined using unobservable inputs that are significant to the fair value measurement and reflect      
 management’s own assumptions regarding the applicable asset or liability.                                                                   |

None of the Company’s assets or liabilities were measured at fair value as of September 30, 2024 or December 31, 2023. However, GAAP requires the disclosure of fair value information about financial instruments that are not measured at fair value. Financial instruments consist principally of trade receivables, accounts payable, accrued liabilities, notes payable, and the secured credit facilities. The estimated fair value of trade receivables, accounts payable, and accrued liabilities approximate their carrying value due to the short period of time to their maturities. As of September 30, 2024 and December 31, 2023, the principal amounts of the Company’s notes approximated fair value.

Items Measured at Fair Value on a Nonrecurring Basis

Certain assets