Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1021

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1021
---
 
     665 
  
    Total current liabilities 
     1,877 
  
    Lease liabilities, net of current portion 
     1,366 
  
    Total liabilities 
    $3,243 

    F-20

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

Income and expense related to Craft C+P were as follows
for the years ended December 31:

    (Dollars in thousands) 
    2024  
    2023 
  
    Sales 
    $6,903  
    $6,817 
  
    Less customer programs and excise taxes 
     120  
     105 
  
    Net sales 
     6,783  
     6,712 
  
    Cost of sales 
     6,510  
     6,829 
  
    Gross profit (loss) 
     273  
     (117)
  
    Operating expenses: 

    Sales and marketing expenses 
     45  
     126 
  
    General and administrative expenses 
     2,436  
     2,878 
  
    Gain on disposal of property and equipment 
     (195) 
     (367)
  
    Total operating expenses 
     2,286  
     2,637 
  
    Loss from operations 
     (2,013) 
     (2,754)
  
    Other income (expense), net 

    Interest expense 
     -  
     (12)
  
    Deconsolidation loss 
     (4,829) 
     - 
  
    Other income 
     4  
     17 
  
    Total other income, net 
     (4,825) 
     5 
  
    Loss before income taxes 
     (6,838) 
     (2,749)
  
    Provision for income taxes 
     -  
     - 
  
    Net loss from discontinued operations 
    $(6,838) 
    $(2,749)

7. BUSINESS SEGMENTS

The Company’s CODM, the Chief Executive Officer,
evaluates how the Company views and measures its performance. ASC 280, Segment Reporting establishes the standards for reporting
information about segments in financial statements. After consideration of this criteria, the CODM has determined that there are three
reportable