Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 579

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 579
---
ger, net of cash received 
     47,963  
     - 
  
    Shares issued to incentivize debt 
     614  
     - 
  
    Warrants issued in relation to debt issuance 
     368  
     - 
  
    Consulting services for future services 
     553  
     - 
  
    Dividends issued 
     150  
     150 
  
    Right-of-use assets obtained in exchange for lease obligations 
     -  
     700 
  
    Accrued interest rolled into notes payable 
     -  
     241 

The following table provides a reconciliation of cash
and cash equivalents and restricted cash reported within the consolidated balance sheet that sum to the same such amounts shown in the
consolidated statement of cash flows:

    2024  
    2023 
  
    Cash and cash equivalents 
    $391  
    $306 
  
    Restricted cash 
     791  
     - 
  
    Total cash and cash equivalents and restricted cash 
    $1,182  
    $306 

The accompanying notes are an integral part of these
consolidated financial statements.

F-8

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

1. NATURE OF BUSINESS

Eastside Distilling (“Eastside”) was incorporated
under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, Eastside changed its corporate name to Eastside
Distilling, Inc. to reflect the acquisition of Eastside Distilling, LLC.

Merger

On September 4, 2024, Eastside entered into an Agreement
and Plan of Merger and Reorganization (the “Merger”) with Bridgetown Spirits Corp. (“Bridgetown Spirits”) and
Beeline Financial Holdings, Inc. (“Beeline Financial”). The Merger closed on October 7, 2024. On March 12, 2025, Eastside
changed its name to Beeline Holdings, Inc. (the “Company,” and together with its consolidated subsidiaries, “Beeline,”
“we”, “us”, “our”), see Note 4, Merger.

Beeline Financial was incorporated
in Delaware on July 1, 2020 via a merger with Beeline Financial Holdings, Inc., a Rhode Island corporation