Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 155

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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 the stockholder meeting on March 7, 2025 to approve the name changing to Beeline Holdings,
    Inc. and to approve the Series F and F-1 Preferred Stock (shares received in the merger) to convert to common shares, as well as
    costs related to the Nasdaq initial listing.

Capital
Resources and Liquidity

Statements
of Cash Flows. For 2025, our primary capital requirements have been for cash used in operating activities and for the repayment
of debt. Funds for our cash and liquidity needs have historically not been generated from operations but rather from short-term credit
in the form of extended payment terms from suppliers as well as proceeds from loans and the sale of convertible debt and equity. We have
been dependent on raising capital from debt and equity financing to meet our operating needs.

For
the nine months ended September 30, 2025 and 2024, net cash used in operating activities of continuing operations increased to $12.1
million from $1.3 million primarily due to the inclusion of Beeline’s net loss from continuing operations of $14.3 million for
the nine months ended September 30, 2025.

For
the nine months ended September 30, 2025, net cash used in investing activities of continuing operations was $0.5 million related to
internal-use software development costs and the investment in SAFEs. For the nine months ended September 30, 2024, investing activities
were nil.

For
the nine months ended September 30, 2025, net cash provided by financing activities of continuing operations was $13.0 million primarily
from $17.0 million raised from equity transactions and borrowings of $2.3 million from the warehouse line, offset by $7.3 million of
debt principal. For the nine months ended September 30, 2024, net cash provided by financing activities of continuing operations was
$1.5 million primarily from proceeds from secured credit facilities.

43

Financial
Policy. We intend to maintain a disciplined financial policy and improve our credit metrics, which are critical to our lending
partners.

Liquidity
Policy. We maintain a strong focus on liquidity and define our liquidity risk tolerance based on sources and uses to maintain
a sufficient liquidity position to meet our business needs and financial obligations under both normal and stressed conditions. We believe
that our consolidated liquidity and availability under our revolving credit facilities will be sufficient to meet our liquidity needs.

Liquidity.