Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 740

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 740
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 temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for income tax purposes. The deferred tax assets (liabilities) as of December 31, 2024 and 2023 consist
of net operating loss carryforwards and differences in the book basis and tax basis of intangible assets, investments, and mortgage loans.

The items accounting for the difference between income
taxes at the effective statutory rate and the provision for income taxes for the years ended December 31, 2024 and 2023 were as follows:

SCHEDULE
OF PROVISION OF INCOME TAXES

    (Dollars in thousands) 
    2024  
    2023 
  
    Expected federal income tax benefit 
    $(2,139) 
    $(1,478)
  
    State income taxes after credits 
     (1,145) 
     (497)
  
    Change in allowance 
     3,284  
     1,975 
  
    Total provision for income taxes 
    $-  
    $- 

The Company’s approximate net deferred tax assets
as of December 31, 2024 and 2023 were as follows:

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

    (Dollars in thousands) 
    2024  
    2023 
  
    Deferred tax assets 

    Net operating loss carryforwards 
    $34,853  
    $23,673 
  
    Property and equipment 
     42  
     - 
  
    Stock-based compensation 
     947  
     896 
  
    Total deferred tax assets 
     35,842  
     24,569 

    Deferred tax liability 

    Mortgage loans held for sale 
    $(57) 
    $- 
  
    Intangible assets 
     (4,709) 
     - 
  
    Equity method investment 
     (129) 
     - 
  
    Depreciation and amortization 
     (2,411) 
     (2,444)
  
    Total deferred tax liability 
     (7,306) 
     (2,444)
  
    Valuation Allowance 
     (28,536) 
     (22,125)
  
    Net deferred tax assets 
    $-  
    $- 

    F-37