Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 99

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 99
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 presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

    /s/
    M&K CPAS, PLLC

    We
    have served as the Company’s auditor from 2017 to 2024.

    The
    Woodlands, TX

    April
    1, 2024 except for except for presentation of discontinued operations and note 6 for the date which is January 3, 2025

F-4

Beeline Holdings, Inc. and Subsidiaries

Consolidated Balance Sheets

December 31, 2024 and 2023

(Dollars in thousands, except share and per share
data)

    2024  
    2023 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $391  
    $306 
  
    Restricted cash 
     791  
     - 
  
    Mortgage loans held for sale, net, at fair value 
     6,925  
     - 
  
    Inventories 
     1,493  
     2,686 
  
    Interest rate lock commitment derivative 
     18  
     - 
  
    Prepaid expenses and other current assets 
     288  
     114 
  
    Accounts receivables, net 
     134  
     163 
  
    Current assets of discontinued operations held for sale 
     -  
     1,268 
  
    Total current assets 
     10,040  
     4,537 
  
    Goodwill 
     33,310  
     - 
  
    Intangible assets, net 
     5,749  
     4,178 
  
    Right-of-use assets 
     1,707  
     680 
  
    Property and equipment, net 
     14,775  
     169 
  
    Equity method investment 
     147  
     - 
  
    Other assets, net 
     787  
     247 
  
    Non-current assets of discontinued operations held for sale 
     -  
     7,669 
  
    Total Assets 
    $66,515  
    $17,480 

    Liabilities and Stockholders’ Equity 

    Current liabilities: 

    Warehouse line of credit 
    $6,106