Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 799

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 799
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 – Transfers and Servicing, the Company has concluded that the agreement has met all three
conditions identified in ASC Topic 860-10-40-5 (a) – (c) and have accounted for this activity as a sale. Given the quality of the
factored accounts, the Company does not recognize a recourse obligation. In certain limited instances, the Company may provide collection
services on the factored accounts but does not receive any fees for acting as the collection agent, and as such.

BUSINESS COMBINATION

The Company accounts for business combinations in
accordance with ASC 805, Business Combinations. Under this guidance, the Company allocates the purchase price of an acquired business
to the identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date. The excess of the
purchase price over the estimated fair value of net assets acquired is recorded as goodwill.

    F-13

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

Goodwill represents the excess purchase price over
the fair value of the tangible net assets and intangible assets acquired in the business combination. The increases or decreases in the
fair value of the Company’s assets and liabilities can result from changes in fair values as of the acquisition date as determined
during the one-year measurement period under ASC 805.

GOODWILL

Goodwill is the excess of the purchase price over
the estimated fair value of identifiable net assets acquired in business combinations. The Company tests goodwill for impairment annually
in the fourth quarter, or more frequently when indications of potential impairment exist. The Company monitors the existence of potential
impairment indicators throughout the fiscal year. The Company may elect to perform either a qualitative test or a quantitative test to
determine if it is more likely than not that the carrying value of a reporting unit exceeds its estimated fair value. Fair value reflects
the price a market participant would be willing to pay in a potential sale of the reporting unit. If the estimated fair value of the Company
exceeds its carrying value, then the Company concludes the goodwill is not impaired. If the carrying value of the Company exceeds its
estimated fair value, the Company recognizes an impairment loss in an amount equal to the excess, not to exceed the amount of goodwill.
Based on the Company’s impairment analysis, management determined that goodwill was not impaired for the period ended December 31,
2024.

INTANGIBLE ASSETS

The Company accounts for certain