Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 11

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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 As a result, amounts related to assets and liabilities
reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets.
Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included
in determining comprehensive loss. The translation adjustment for the six months ended June 30, 2025 was $0.1 million.

Transactions
denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates
with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than
the functional currency included in the results of operations as incurred. These transactions were de minimis for the six months ended
June 30, 2025.

As
of June 30, 2025, the exchange rate used to translate balance sheet amounts from Australian dollars into U.S. dollars was $0.66, and
the average exchange rate used to translate operation amounts from Australian dollars into U.S. dollars was $0.64.

DEFERRED
OFFERING COSTS

The
Company complies with the requirements of ASC 340, Other Assets and Deferred Costs, with regards to offering costs. Prior to the
completion of an offering, offering costs are capitalized as non-current other assets in the consolidated balance sheets and consist
principally of professional, underwriting and other expenses incurred through the consolidated balance sheet date that are directly related
to the Company’s proposed public offering. The deferred offering costs are charged to additional paid-in capital or as a discount
to debt, as applicable, upon the completion of an offering or to expense if the offering is not completed.

NON-CONTROLLING
INTERESTS

Beeline
follows ASC 810, Consolidation, governing the accounting for and reporting of non-controlling interests (“NCI”) in
partially owned consolidated subsidiaries and the loss of control of subsidiaries. Certain provisions of this standard indicate, among
other things, that NCI be treated as a separate component of equity, not as a liability, that increases and decreases in the parent’s
ownership interest that leave control intact be treated as equity transactions rather than step acquisitions or dilution gains or losses,
and that losses of a partially-owned subsidiary be allocated to non-controlling interests even when such allocation might result in a
deficit balance. The net loss attributed to NCI was separately designated in the accompanying consolidated statements of operations and
comprehensive loss. Losses