Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 452

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 452
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 aggregate purchase price of $2.1 million to the purchaser.

During
2025, the Company sold 6,417,159 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 320,862 shares of common
stock for total gross proceeds of $3.3 million.

As of March 31, 2025, we have approximately $1.4 million in cash. We do
not have sufficient capital to meet our working capital and debt obligations for the next 12 months, including debt obligations which
come due in 2025. The availability of additional financing will be largely dependent on the operating success of Old Beeline, including
improved gross margins as well as operational improvements, which will be necessary to attract investors.

The
Company intends to continue raising capital through a combination of equity and debt financing to meet its internal cash requirements
and to refinance its existing obligations. However, there can be no assurance that the Company will be successful in securing the necessary
capital on favorable terms, or at all. For additional details regarding these risks, please refer to “Item 1-A - Risk Factors”
in this Report. The Company has no material off-balance sheet arrangements as of the date of this filing.

Statement
of Cash Flows. For 2024, our primary capital requirements have been for cash used in operating activities and for the
repayment of debt. Funds for our cash and liquidity needs have historically not been generated from operations but rather from
short-term credit in the form of extended payment terms from suppliers as well as proceeds from loans and the sale of convertible
debt and equity. We have been dependent on raising capital from debt and equity financing to meet our operating needs.

For the year ended December 31,
2024, net cash used in operating activities of continuing operations was $3.2 million compared to $1.5
million for the year ended December 31, 2023 primarily due to the inclusion of Beeline’s net loss of $2.0 million for the
period October 8, 2024 through December 31, 2024.

For the year ended December 31, 2024, net cash provided by investing
activities of continuing operations was $0.1 million. For the year ended December 31, 2023, investing activities were nil.

For the years ended December 31,
2024 and 2023, net cash provided by financing activities of continuing operations was $4.6 million and