Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 93

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 30, 2025, the Company had one majority-owned subsidiary, Nimble Title Holdings, Inc. (“Nimble Title
Holdings”), which is 50.1%
owned by the Company and 49.9%
owned by a former non-controlling stockholder of Beeline Financial. Nimble Title Holdings has four subsidiaries, Nimble Title, LLC
(“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”), Nimble Texas Title, LLC (“Nimble
Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”). The operating activities of Nimble Title Holdings was de minimis for the nine months ended September 30, 2025.

USE
OF ESTIMATES

Preparing
financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of
assets, liabilities, revenues, and expenses. Significant estimates and assumptions in these consolidated statements include: the fair
value of mortgage loans held for sale, valuation of investments, valuation of accounts receivable, valuation of derivative instruments,
valuation of software, valuation of intangible assets, valuation of goodwill, valuation of lease liabilities and related right of use
assets, contingent liability for loan repurchases, and valuation of non-cash equity grants and issuances. Actual results and outcomes
may differ from management’s estimates and assumptions due to risks and uncertainties.

CASH,
CASH EQUIVALENTS, AND RESTRICTED CASH

Beeline
considers highly liquid investments purchased with a remaining maturity of 90 days or less at the time of purchase to be cash equivalents.
Cash equivalents include money market accounts that are readily convertible into cash.

The
Company maintains certain cash balances that are restricted under warehouse and/or master repurchase agreements, broker margin accounts
associated with its derivative instruments and other restrictions. The restricted cash balance as of September 30, 2025 was $45,472.

MORTGAGE
LOANS HELD FOR SALE AND GAINS ON SALE OF LOANS REVENUE RECOGNITION

Mortgage loans held for sale are carried at fair value under
the fair value option in accordance with ASC 825, Financial Instruments, with changes in fair value recorded in gain on sale of
loans, net on the consolidated statements of operations. The fair value of mortgage loans held for sale committed to investors is calculated
based on the investor commitment.

Gains
and losses from the sale of mortgage loans held for sale