Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 464

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 464
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audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

    /s/
    M&K CPAS, PLLC

    We
    have served as the Company’s auditor from 2017 to 2024.

    The
    Woodlands, TX

    April
    1, 2024 except for except for presentation of discontinued operations and note 6 for the date which is January 3, 2025

F-4

Beeline Holdings, Inc. and Subsidiaries

Consolidated Balance Sheets

December 31, 2024 and 2023

(Dollars in thousands, except share and per share
data)

    2024  
    2023 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $391  
    $306 
  
    Restricted cash 
     791  
     - 
  
    Mortgage loans held for sale, net, at fair value 
     6,925  
     - 
  
    Inventories 
     1,493  
     2,686 
  
    Interest rate lock commitment derivative 
     18  
     - 
  
    Prepaid expenses and other current assets 
     288  
     114 
  
    Accounts receivables, net 
     134  
     163 
  
    Current assets of discontinued operations held for sale 
     -  
     1,268 
  
    Total current assets 
     10,040  
     4,537 
  
    Goodwill 
     33,310  
     - 
  
    Intangible assets, net 
     5,749  
     4,178 
  
    Right-of-use assets 
     1,707  
     680 
  
    Property and equipment, net 
     14,775  
     169 
  
    Equity method investment 
     147  
     - 
  
    Other assets,