Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 24

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 operations during the three months ended March 31, 2024. The consolidated
financial statements for the prior periods have been adjusted to reflect comparable information.

Income
and expense related to Craft C+P were as follows for the three months ended March 31:

 SCHEDULE OF DISPOSAL GROUPS, INCLUDING DISCONTINUED OPERATIONS

    (Dollars in thousands) 
    2024 
  
    Sales 
    $1,849 
  
    Less customer programs and excise taxes 
     35 
  
    Net sales 
     1,814 
  
    Cost of sales 
     1,766 
  
    Gross profit 
     48 
  
    Operating expenses: 

    Sales and marketing expenses 
     17 
  
    General and administrative expenses 
     741 
  
    Gain on disposal of property and equipment 
     (120)
  
    Total operating expenses 
     638 
  
    Loss before income taxes 
     (590)
  
    Provision for income taxes 
     - 
  
    Net loss from discontinued operations 
    $(590)

    16

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

5.
BUSINESS SEGMENTS

The
Company’s CODM, the Chief Executive Officer, evaluates how the Company views and measures its performance. ASC 280, Segment
Reporting establishes the standards for reporting information about segments in financial statements. After consideration of this
criteria, the CODM has determined that there are three reportable segments, consisting of Beeline, Bridgetown Spirits and Corporate.

Beeline
is an AI-driven fintech mortgage lender that develops proprietary software in the form of major enhancements and new developments in
its lending platform, including Beeline’s Chat API “Bob.” Bridgetown Spirits brands span several alcoholic beverage
categories, including whiskey, vodka, rum, and tequila and are sold on a wholesale basis to distributors in open states, and to brokers
in control states. Corporate consists of key executive and accounting personnel and corporate expenses such as public company and board
costs, as well as interest on debt.

The
Company measures segment performance to allocate resources primarily based on revenues of Beeline and profit margin of Bridgetown. Total
asset information by segment is not provided to, or reviewed by, the CODM as it is not used to make strategic decisions, allocate resources
or assess performance. The accounting