Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 83

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 83
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 other related expenses. Loan origination fees were $0.2 million for the period October 8, 2024
through December 31, 2024.

Loan
interest income and expense. Interest income is interest earned on mortgage loans held for sale and interest expense is paid
on our loan funding facilities. Net interest expense was $ 0.1 million for the period October 8, 2024 through December 31,
2024.

Salaries and benefits. Salaries and
benefits were $1.2 million for the period October 8, 2024 through December 31, 2024.

Marketing and advertising. Marketing
and advertising were $0.4 million for the period October 8, 2024 through December 31, 2024.

General and administrative expenses. General
and administrative expenses consists primarily of rent and were $0.2 million for the period October 8, 2024 through December 31, 2024.

Other operating expenses.
Other operating expenses consists of expenses
directly related to the origination of loans and is charged by investors at the sale of loans excluding interest. Other operating expenses
were $0.5 million for the period October 8, 2024 through December 31, 2024.

Bridgetown Spirits

    Years Ended December 31, 
  
    (Dollars in thousands) 
    2024  
    2023  
    Variance 
  
    Net sales, spirits 
    $2,577  
    $3,787  
    $(1,210)
  
    Cost of sales, spirits 
     2,081  
     2,609  
     (528)
  
    Salaries and benefits 
     559  
     917  
     (358)
  
    Marketing and advertising 
     375  
     205  
     170 
  
    General and administrative expenses 
     -  
     294  
     (294)
  
    Depreciation and amortization 
     45  
     57  
     (12)
  
    Other operating expenses 
     1  
     3  
     (2)
  
    Impairment loss 
     3,356  
     364  
     2,992 
  
    Total operating expenses 
     6,417  
     4,449