Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 105

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 at commencement to determine the present value of the lease payments. Right-of-use assets and lease liabilities are recognized
at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less
(“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term.
As of March 31, 2025, the amount of right-of-use assets and lease liabilities were $1.3 million and $1.5 million, respectively. Lease
expense for operating leases is recognized on a straight-line basis over the lease term. Aggregate lease expense for the three months
ended March 31, 2025 was $0.1 million.

Maturities
of lease liabilities as of March 31, 2025 were as follows:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    (Dollars in thousands) 
    Operating Leases  
    Weighted-Average Remaining Term in Years 
  
    2025 
    $423  

    2026 
     450  

    2027 
     228  

    2028 
     234  

    2029 
     242  

    Thereafter 
     249  

    Total lease payments 
     1,826  

    Less imputed interest (based on 9.0% weighted-average discount rate) 
     (357) 

    Present value of lease liability 
     1,469  
     3.76 
  
    Less current portion 
     439  

    Lease liabilities, net of current portion 
    $1,030  

    22

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

16.
STOCKHOLDERS’ EQUITY

Issuance
of Common Stock

On
March 12, 2025, the Company implemented a 1-for-10
reverse stock split of its common stock. All share and per share data in these consolidated financial statements have been retrospectively adjusted to
give effect to the stock split.

As of March 31, 2025, the Company had stock to be
issued of 10,000 shares of common stock in satisfaction of the former Chief Executive Officer’s employment agreement and recorded
$14,300 of stock to