Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 135

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 entity which is co-owned and managed by the Company’s Chief
Executive Officer, Nicholas Liuzza, in certain residential real estate transactions funded through the sale of a cryptocurrency
token which is backed by real property. In these transactions, the related party entity purchases equity from homeowners seeking
liquidity, funding such purchases from the sale of the cryptocurrency token. The Company provides the related party entity with
certain services in connection with these transactions, specifically through providing access to its platform, and providing title
and escrow services through Beeline Title Holdings in exchange for cash fees. Other than providing title and escrow services as
noted above, the Company is not involved in any cryptocurrency or other transactions of the related party entity. During June 2025,
Beeline Title Holdings closed its first such residential real estate transaction funded through the sale of a cryptocurrency token
backed by real property. During the nine months ended September 30, 2025, the Company recorded $12,377
of revenue related to this transaction.

During
March 2025, Mr. Liuzza, purchased 4,308,155 shares of Series G Preferred Stock and 5five-year Warrants to purchase a total of 215,409
shares of common stock for total gross proceeds of $2.2 million. In addition, Mr. Liuzza converted his $0.7 million bridge loan
into $0.7 million of units comprised of 1,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628
shares.

    32

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

In
February and March of 2025 advanced the Company $0.1 million. In exchange for these advances, on April 25, 2025, the Board of Directors
approved the advances as loans, and the Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per annum and
is payable on demand. On May 29, 2025, the Company amended the note to $0.4 million. As of September 30, 2025, the balance of the note
was $0.4 million.

In
January 2025, Mr. Liuzza entered into a SAFE with MagicBlocks, an entity in which the Company also has a 47.6%
ownership interest