Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 131

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 131
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idiaries

Notes to Consolidated Financial Statements

December 31, 2023

9.Intangible Assets

Intangible assets consisted of the following as of December 31:

Schedule of Intangible Assets

|                      | (Dollars in thousands) |   |  2023 |     |   |  2022 |
|:---------------------|:-----------------------|:--|------:|:----|:--|------:|
| Permits and licenses |                        | $ |    25 |     | $ |    25 |
| Azuñia brand         |                        |   | 4,153 |     |   | 4,492 |
| Intangible assets    |                        | $ | 4,178 |     | $ | 4,517 |

The permits and licenses and the Azuñia brand have all been determined to have an indefinite life and will not be amortized. The Company, on an annual basis, tests the indefinite life assets for impairment. If the carrying value of an indefinite life asset is found to be impaired, then the Company will record an impairment loss and reduce the carrying value of the asset. As of December 31, 2023 and 2022, the Company determined that the Azuñia assets were impaired and recorded an impairment cost of $ 0.4million and $ 7.5million, respectively.

10.Other Assets

Other assets consisted of the following as of December 31:

Schedule of Other Assets

|                          | (Dollars      
 in thousands) |   | 2023 |   |     |   | 2022 |   |
|:-------------------------|:--------------|:--|-----:|:--|:----|:--|-----:|:--|
| Product                  
 branding                 |               | $ |  396 |   |     | $ |  400 |   |
| Deposits                 |               |   |  172 |   |     |   |  148 |   |
| Other                    |               |   |   23 |   |     |   |    - |   |
| Total                    
 other assets             |               |   |  591 |   |     |   |  548 |   |
| Less                     
 accumulated amortization |               |   | (344 | ) |     |   | (287 | ) |
| Other                    
 assets, net              |               | $ |  247 |   |