Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 97

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 AT FAIR VALUE ON A RECURRING BASIS

    Description 
    Level 1  
    Level 2  
    Level 3  
    Level 1  
    Level 2  
    Level 3 

    (Dollars in thousands) 
    March 31, 2025  
    December 31, 2024 
  
    Description 
    Level 1  
    Level 2  
    Level 3  
    Level 1  
    Level 2  
    Level 3 
  
    Mortgage loans held for sale 
    $-  
    $5,229  
    $-  
    $-  
    $6,925  
    $- 
  
    Interest rate lock commitment derivative 
     -  
     -  
     69  
     -  
     -  
     18 

A
roll forward of the level 3 valuation financial instruments was as follows:

 SCHEDULE OF A ROLL FORWARD OF THE LEVEL 3 VALUATION FINANCIAL INSTRUMENTS

    (Dollars in thousands) 
    March 31, 2025  
    December 31, 2024 
  
    Balance, beginning of year 
    $18  
    $124 
  
    Change in fair value in gain on sale of loans, net 
     51  
     (106)
  
    Balance, end of year 
    $69  
    $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) 
    March 31, 2025  
    December 31, 2024 
  
    Mortgage loans held for sale 
    $5,141  
    $6,878 
  
    Net fair value adjustment 
     88  
     47 
  
    Mortgage loans held for sale, at fair value 
    $5,229  
    $6,925 

8.
INVENTORIES

Inventories
consisted of the following:

 SCHEDULE OF