Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 171

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 171
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 ended September 30, 2024 and 2023.

During the nine months ended September 30, 2024, the Company did not dispose of any fixed assets. During the nine months ended September 30, 2023, the Company disposed of fixed assets for proceeds of $0.1million with a net book value of $0.1million resulting in a loss of $2,962.

9. Intangible Assets

Intangible assets consisted of the following:

Schedule of Intangible Assets

|              | (Dollars      
 in thousands) |   | September 
  30, 2024 |     |   | December 
 31, 2023 |
|:-------------|:--------------|:--|----------:|:----|:--|---------:|
| Permits      
 and licenses |               | $ |        25 |     | $ |       25 |
| Azuñia       
 brand        |               |   |     4,153 |     |   |    4,153 |
| Intangible   
 assets       |               | $ |     4,178 |     | $ |    4,178 |

The Company’s intangible assets were determined to have an indefinite life and are not amortized. The Company, on an annual basis, tests the indefinite life assets for impairment. If the carrying value of an indefinite life asset is found to be impaired, then the Company will record an impairment loss and reduce the carrying value of the asset. As of December 31, 2023, the Company determined that the Azuñia assets were impaired and recorded an impairment cost of $0.4million. Nofurther impairment charge was recorded during the nine months ended September 30, 2024.

10. Other Assets

Other assets consisted of the following:

Schedule of Other Assets

|                          | (Dollars      
 in thousands) |   | September 
  30, 2024 |   |     |   | December 
 31, 2023 |   |
|:-------------------------|:--------------|:--|----------:|:--|:----|:--|---------:|:--|
| Product                  
 branding                 |               | $ |       396 |   |     | $ |      396 |   |
| Deposits                 |               |   |       171 |   |     |   |      172 |   |
| Other                    |               |   |         - |