Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 20

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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 30, 2025  
    December 31, 2024 
  
    Balance, beginning of year 
    $18  
    $124 
  
    Change in fair value in gain on sale of loans, net 
     97  
     (106)
  
    Balance, end of period 
    $115  
    $18 

    18

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

June 30, 2025

(Unaudited)

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) 
    June 30, 2025  
    December 31, 2024 
  
    Mortgage loans held for sale 
    $6,076  
    $6,878 
  
    Net fair value adjustment 
     93  
     47 
  
    Mortgage loans held for sale, at fair value 
    $6,169  
    $6,925 

8.
INTANGIBLE ASSETS

Intangible
assets consisted of the following:

 SCHEDULE OF INTANGIBLE ASSETS

    (Dollars in thousands) 
    June 30, 2025  
    December 31, 2024 
  
    Beeline brand 
    $4,557  
    $4,557 
  
    Customer list 
     393  
     393 
  
    Total 
     4,950  
     4,950 
  
    Less accumulated amortization 
     (72) 
     (23)
  
    Intangible assets 
    $4,878  
    $4,927 

The
Beeline brand has been determined to have an indefinite life and is not amortized. The Company, on an annual basis, tests the indefinite-lived
asset for impairment. If the carrying value of an indefinite-lived asset is found to be impaired, then the Company will record an impairment
loss and reduce the carrying value of the asset. As of June 30, 2025, the Company determined that the Beeline asset was not impaired.

Customer
data that