Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 286

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 286
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2  
    Level 3 
  
    Mortgage loans held for sale 
    $-  
    $6,925  
    $- 
  
    Interest rate lock commitment derivative 
     -  
     -  
     18 

A roll forward of the level 3 valuation financial
instruments was as follows for the period October 8, 2024 through December 31:

SCHEDULE OF A ROLL FORWARD OF THE LEVEL 3 VALUATION FINANCIAL INSTRUMENTS 

    (Dollars in thousands) 
    2024 
  
    Balance, beginning of period 
    $124 
  
    Change in fair value in gain on sale of loans, net 
     (106)
  
    Balance, end of year 
    $18 

9. MORTGAGE LOANS HELD FOR SALE

Beeline sells substantially all of its originated
mortgage loans to investors and adjusts adjusted its loan balance to the estimated fair value based on the eventual sales of loans. Mortgage
loans held for sale, at fair value, consisted of the following as of December 31:

SCHEDULE OF MORTGAGE LOANS HELD FOR SALE 

    (Dollars in thousands) 
    2024 
  
    Mortgage loans held for sale 
    $6,878 
  
    Net fair value adjustment 
     47 
  
    Mortgage loans held for sale, at fair value 
    $6,925 

10. INVENTORIES

Inventories consisted of the following as of December
31:

SCHEDULE OF INVENTORIES 

    (Dollars in thousands) 
    2024  
    2023 
  
    Raw materials 
    $823  
    $1,740 
  
    Finished goods 
     670  
     946 
  
    Total inventories 
    $1,493 
    $2,686 

The Company recorded an inventory provision of $0.1
million for the year ended December 31, 2024.

11. INTANGIBLE ASSETS

Intangible assets consisted of the following as of
December 31:

SCHEDULE OF INTANGIBLE ASSETS 

    (Dollars in thousands) 
    2024  
    2023 
  
    Beeline brand 
    $4,557  
    $- 
  
    Azuñia brand 
     822