Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 200

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 200
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     | Level 1 
 2022    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |
|:------------------------------|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|
| Mortgage loans held for sale  |     | $       | - |     | $       | 2,301,012 |     | $       |      - |     | $       | - |     | $       | 3,022,969 |     | $       |      - |
| Interest rate lock derivative |     | $       | - |     | $       |         - |     | $       | 57,505 |     | $       | - |     | $       |         - |     | $       | 30,757 |

A roll forward of the level 3 valuation financial instruments was as follows:

Schedule of Roll Forward for Valuation of Financial Instruments

|                                                | Balance at beginning of year | For                          
 the years ended December 31, |   2023 |     |   |   2022 |
|:-----------------------------------------------|:-----------------------------|:-----------------------------|-------:|:----|:--|-------:|
| Initial valuation                              |                              | $                            | 30,757 |     | $ |      - |
| Change in fair value in gain on sale of loans, 
 net                                            |                              |                              | 26,748 |     |   | 30,757 |
| Balance at end of year                         |                              | $                            | 57,505 |     | $ | 30,757 |

DEBT ISSUANCE COSTS

Beeline’s notes or loans payable agreements are recorded net of issuance costs (debt discount). The resulting debt discount is being amortized over the term of the term loan using the straight-line method, which approximates the effective interest method, and the amortization of debt discount is included in interest expense in the Other (Income)/Expense category in the statement of operations.

MARKETING AND ADVERTISING COSTS

Marketing and advertising costs are expensed as incurred.

For the year ended December 31, 2023, marketing and advertising expenses were $1,891,128. For the year ended