Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 30

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
  
    Balance,
    end of period 
    $240  
    $18 

7.
MORTGAGE LOANS HELD FOR SALE

Beeline
sells substantially all of its originated mortgage loans to investors and adjusts adjusted its loan balance to the estimated fair value
based on the eventual sales of loans. Mortgage loans held for sale, at fair value, consisted of the following:

 SCHEDULE OF MORTGAGE LOANS HELD FOR SALE

    (Dollars
    in thousands) 
    September
    30, 2025  
    December
    31, 2024 
  
    Mortgage
    loans held for sale 
    $8,732  
    $6,878 
  
    Net
    fair value adjustment 
     191  
     47 
  
    Mortgage
    loans held for sale, at fair value 
    $8,923  
    $6,925 

    19

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

8.
INTANGIBLE ASSETS

Intangible
assets consisted of the following:

 SCHEDULE OF INTANGIBLE ASSETS

    (Dollars
    in thousands)
     
    September
    30, 2025

    December
    31, 2024

    Beeline
    brand
     
    $
          4,557

    $
         4,557

    Customer
    list

    393

    393

    Total

    4,950

    4,950

    Less
    accumulated amortization

    (96
    )

    (23
    )
  
    Intangible
    assets
     
    $
    4,854

    $
    4,927

The
Beeline brand has been determined to have an indefinite life and is not amortized. The Company, on an annual basis, tests the indefinite-lived
asset for impairment. If the carrying value of an indefinite-lived asset is found to be impaired, then the Company will record an impairment
loss and reduce the carrying value of the asset. As of September 30, 2025, the Company determined that the Beeline asset was not impaired.

Customer
data that was acquired in the merger has a useful life of four years and amortization expense was $0.1 million