Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 35

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
 as of March 31, 2025 were as follows:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    (Dollars in thousands) 
    Operating Leases  
    Weighted-Average Remaining Term in Years 
  
    2025 
    $423  

    2026 
     450  

    2027 
     228  

    2028 
     234  

    2029 
     242  

    Thereafter 
     249  

    Total lease payments 
     1,826  

    Less imputed interest (based on 9.0% weighted-average discount rate) 
     (357) 

    Present value of lease liability 
     1,469  
     3.76 
  
    Less current portion 
     439  

    Lease liabilities, net of current portion 
    $1,030  

    22

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

16.
STOCKHOLDERS’ EQUITY

Issuance
of Common Stock

On
March 12, 2025, the Company implemented a 1-for-10
reverse stock split of its common stock. All share and per share data in these consolidated financial statements have been retrospectively adjusted to
give effect to the stock split.

As of March 31, 2025, the Company had stock to be
issued of 10,000 shares of common stock in satisfaction of the former Chief Executive Officer’s employment agreement and recorded
$14,300 of stock to be issued on the consolidated balance sheets as of March 31, 2025.

In
February 2025, the Company issued 13,115
shares of common stock related to a legal settlement agreed upon in October 2024 where $0.1 million was recorded as stock to be issued at December 31, 2024.

The Company issued a cumulative 6,247,126 shares
of common stock as a result of various preferred stock conversions as noted below.

During
the three months ended March 31, 2024, the Company issued 176
shares of common stock to a director to settle $5,379
of accrued compensation. The shares were issued at a contractually
agreed upon price of $30.50
per share. For accounting