Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 52

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 52
---
 and liabilities assumed based upon their estimated fair values on the acquisition date. Due to the Merger, management
believes that the consolidated results of operations for 2025 are not directly comparable to those of 2024, as the prior year reflects
the performance of only the corporate segment.

Certain
prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on
the reported results of operations or cash flows. As a result of the merger, the statement of operations for the three and six months
ended June 30, 2024 represents the new structure and retrospectively reclassifies discontinued operations.

As a result of the structure of the Merger, the Company will amortize $15.2 million over a five-year period ending October 2029 and $0.4
million over a four-year period ending October 2028. This Merger-related amortization is $0.8 million each quarter and is non-cash.

Given
these structural changes, management believes that segment-level reporting provides a more meaningful basis for evaluating performance.
Accordingly, a comparative analysis of the Company’s operating segments is presented below, which more accurately reflects the
ongoing composition of the business.

Three
and Six Months Ended June 30, 2025 Compared to the Three and Six Months Ended June 30, 2024

35

Consolidated
Results

    Three Months Ended June 30,  
    Six Months Ended June 30, 
  
    (Dollars in thousands, except per share amounts) 
    2025  
    2024  
    2025  
    2024 
  
    Beeline
    Financial Revenues 
    $1,717  
    $-  
    $3,067  
    $- 

    Net loss from continuing operations 
    $(4,002) 
    $(658) 
    $(10,705) 
    $(1,270)
  
    Net loss 
     (4,140) 
     (1,488) 
     (11,067) 
     (2,781)
  
    Basic and diluted net loss per common share available to common stockholders 
    $(0.64) 
    $(8.74) 
    $(3.03) 
    $(16.55)

For
the three and six months ended June 30, 2025, net loss from continuing operations