Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 23

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 budgeting and forecasting process and also uses
that measure as a basis for evaluating financial performance regularly by comparing actual results with established budgets and forecasts.
The measure of segment assets is reported on the consolidated balance sheets as total assets.

    15

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

RECENTLY
ISSUED ACCOUNTING PRONOUNCEMENTS

In
November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40), which requires entities to provide more detailed disaggregation of expenses in the income statement, focusing
on the nature of the expenses rather than their function. The new disclosures will require entities to separately present expenses for
significant line items, including but not limited to, depreciation, amortization, and employee compensation. Entities will also be required
to provide a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively,
disclose the total amount of selling expenses and, in annual reporting periods, provide a definition of what constitutes selling expenses.
This pronouncement is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning
after December 15, 2027, with early adoption permitted. The Company does not expect the adoption of this new guidance to have a material
impact on the financial statements.

RECLASSIFICATION
OF PRIOR YEAR PRESENTATION

Certain
prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect
on the reported results of operations or cash flows. As a result of the merger, the statement of operations for the three months ended March 31,
2024 represents the new structure and retrospectively reclassifies discontinued operations. In addition, the senior secured debentures were reclassed from notes payable to secured credit facilities and stock
to be issued related to common stock and preferred stock Series G was presented separately as of December 31, 2024.

4.
DISCONTINUED OPERATIONS

The
Company reports discontinued operations by applying the following criteria in accordance with ASC 205-20, Presentation of Financial
Statements – Discontinued Operations: (1) Component of an entity; (2) Held for sale criteria; and (3) Strategic shift. The
operating results of Craft C+P have been classified as discontinued