Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 29

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 29
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 ability to access capital as needed and planned,
which remains uncertain including due to factors described elsewhere in these Risk Factors. Additionally, our current revenue projections
are based largely on customer and partner relationships and trends, including general trends in the mortgage lending industry, which remain
uncertain. Similarly, if we are able to raise sufficient capital in the future, we may use a portion of the proceeds to acquire other
operating businesses in our segments or related segments to facilitate strategic growth and build our market presence and revenue potential.
If we continue to face challenges and/or if new challenges arise in servicing our debt obligations, raising the necessary capital or generating
revenue in the future, we may be unable to adjust our spending or source the necessary funding in a timely manner to address for any unexpected
capital or revenue shortfall, which could then force us to curtail or cease our business operations or plan of operations or acquisitions
or incur new debt or securities on terms which are not favorable to us. Our prospects must be considered in light of the uncertainties,
risks, expenses, and difficulties frequently encountered by companies in their early stages of operations and growth process and facing
integration challenges following a recent merger and acquisition transaction. Due to these contingencies, we may be unable to achieve
profitability in some or all of our businesses in a timely manner or at all, in which case you could lose all or some of your investment.

20

Because we have a
history of operating losses, if we fail to generate operating cash flow, you may lose all or most of your investment.

We have a history of continued
operating losses, and we may not become profitable in future periods. In addition, Old Beeline commenced operations in 2020, has a limited
operating history and has generated substantial ongoing losses since inception. Our expenses in 2024 include $3.2 million in salaries
and benefits, $1.0 million in general and administrative expenses and $1.1 million in professional fees. We expect to incur losses and experience negative cash flows
from operations for the foreseeable future. If we cannot achieve positive cash flow from operations or net income, we will need to raise
additional capital, which we may not be able to do on favorable terms, if at all. Our ongoing losses raise substantial
uncertainty about its future profitability and success.

Risks Related to Beeline’s Mortgage Lending
Business

Because Beeline depends on third
party partners and vendors to maintain and grow its business, the loss of some or all