Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 208

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 208
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3) maturing in 2026. As of December 31, 2023 and 2022, interest of $ 965,378and $ 77,883, respectively, has accrued on all these notes. At December 31, 2023 and 2022, the balance due on these notes, consisting of related party and non-related party notes, was $ 17,875,754and $ 4,436,238, respectively.

| F-70 |

Beeline Financial Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2023 and 2022

Convertible notes at December 31, were as follows:

Schedule of Convertible Notes

|                                   |     |   |       2023 |     |   |      2022 |
|:----------------------------------|:----|:--|-----------:|:----|:--|----------:|
| Convertible notes                 |     | $ |  8,889,261 |     | $ |   745,238 |
| Convertible notes - related party |     |   |  8,986,493 |     |   | 3,601,000 |
| Total                             |     | $ | 17,875,754 |     | $ | 4,346,238 |

NOTE 9 - RELATED PARTY TRANSACTIONS

Related Party Transactions

Beeline has received, as noted in Note 8 - Loans Payable and Convertible Notes with related parties, including officers, directors, and affiliates.

NOTE 10 - STOCKHOLDERS’ EQUITY

Stockholders’ Equity

On June 4, 2024, Beeline’s shareholders approved a ten-for-one (10:1) Forward Stock Split(the “Forward Stock Split”), effective as of June 4, 2024. Proportional adjustments for the Forward Stock Split were made to the Company’s outstanding common stock, preferred stock, stock options, warrants and equity incentive plans. All share and per-share data and amounts have been retroactively adjusted as of the earliest period presented in the consolidated financial statements to reflect the Forward Stock Split .

The rights and privileges of Beeline’s Common and Preferred Stock are as follows:

SERIES A PREFERRED STOCK

During 2023, three investors exchanged 224,950shares of preferred stock for a 2022 Convertible Notes having principal amounts totaling $ 5,206,763. Please see Note 8 – Debt as to the 2022