Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 277

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 277
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 focusing on the nature of the expenses rather than their
function. The new disclosures will require entities to separately present expenses for significant line items, including but not limited
to, depreciation, amortization, and employee compensation. Entities will also be required to provide a qualitative description of the
amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, disclose the total amount of selling
expenses and, in annual reporting periods, provide a definition of what constitutes selling expenses. This pronouncement is effective
for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early
adoption permitted. The Company does not expect the adoption of this new guidance to have a material impact on the financial statements.

    F-17

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

RECLASSIFICATION OF PRIOR YEAR PRESENTATION

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. As a
result of the merger, the statement of operations has been restructured to represent the new consolidation of both businesses and is reflected
for 2023. The 2023 consolidated balance sheet and statement of operations have been reclassified to retrospectively present discontinued
operations.

4. MERGER

On October 7, 2024, Eastside closed on the Merger
with Beeline Financial. The Merger was structured and accounted for as a business combination with Eastside as the acquirer of 100% of
the controlling equity interests of Beeline Financial and subsidiaries. The Merger provided a viable opportunity to realign Eastside’s
capital, growth trajectory, and potential returns for stakeholders and was structured as an all-stock transaction. The stockholders of
Beeline received 69,482,229 preferred shares of Series F and 517,775 preferred shares of Series F-1 of Eastside, see Note 19-  Stockholders’
Equity. The Company’s consolidated financial statements for the year ended December 31, 2024 include Beeline’s results
of operations from October 8, 2024 through December 31, 2024. The Company’s consolidated financial statements reflect the final
purchase accounting adjustments in accordance with ASC 805, Business Combinations, whereby the purchase price was allocated to
the assets acquired and liabilities