Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 9

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 and the dependence on key individuals. The Company has incurred recurring losses and negative cash
flows from operations since its inception, has a working capital deficit as of March 31, 2025 and is dependent on debt and equity financing.
These factors raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following
the issuance of these financial statements. The consolidated financial statements do not include any adjustments to the carrying amounts
and classification of assets, liabilities, and reported expenses that may be necessary if assumes Company were unable to continue as
a going concern.

Management
believes that its available funds and cash flow from operations may not be sufficient to meet working capital requirements for the twelve
months subsequent to the issuance of the financial statements. In order to accomplish its business plan objectives, the Company will
need to either increase revenues or raise capital by the issuance of debt and/or equity.

Management
believes that it will be successful in obtaining additional financing based on its limited history of raising funds; however, there can
be no assurances that our business plans and actions will be successful, that we will generate anticipated revenues, or that unforeseen
circumstances will not require additional funding sources in the future or effectuate plans to conserve liquidity. Future efforts to
raise additional funds may not be successful or they may not be available on acceptable terms, if at all.

    7

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

3.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS
OF PRESENTATION

These
financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange
Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements in accordance
with GAAP have been condensed or eliminated as permitted under the SEC’s rules and regulations. In management’s opinion, the
unaudited consolidated financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary
to present fairly the Company’s financial position as of March 31, 2025, its operating results for the three months ended March
31, 2025 and 2024 and its cash flows for the three months ended March 31, 2025 and 2024. The