Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 582

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 582
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 balances have been eliminated.

Beeline Title Holdings has five subsidiaries, Beeline
Title, LLC (“Beeline Title”), Beeline Texas Title, LLC (“Beeline Texas Title”), Beeline Settlement Services, LLC
(“Beeline Settlement Services”), and Beeline Title Agency, LLC (“Beeline Title Agency”). Beeline Mortgage Holdings
has one subsidiary, Beeline Loans, Inc. (“Beeline Loans”).

The Company has two majority-owned
subsidiaries, Nimble Title Holdings, Inc. (“Nimble Title Holdings”) and Bridgetown Spirits. Nimble Title Holdings is 50.1%
owned by the Company and 49.9%
owned by a former non-controlling shareholder of Beeline Financial. Bridgetown Spirits is 53%
owned by the Company, see Note 5 - Debt Exchange Agreement.

Nimble Title Holdings has four subsidiaries, Nimble
Title, LLC (“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”), Nimble Texas Title, LLC (“Nimble
Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”).

USE OF ESTIMATES

Preparing financial statements in conformity with
GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses.
Significant estimates and assumptions in these consolidated statements include: the fair value of mortgage loans held for sale, valuation
of inventory, valuation of investments, valuation of accounts receivable, valuation of derivative instruments, valuation of software,
valuation of intangible assets, valuation of goodwill, valuation of purchase price in the business combination, valuation of the fair
value of the assets acquired and liabilities assumed in the business combination, valuation of lease liabilities and related right of
use assets, contingent liability for loan repurchases, and valuation of non-cash equity grants and issuances. Actual results and outcomes
may differ from management’s estimates and assumptions due to risks and uncertainties.

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

Beeline considers highly liquid investments purchased
with a remaining maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include money market accounts
that are readily convertible into cash.

The Company maintains certain cash balances that are
restricted under warehouse and/or master repurchase agreements, broker margin accounts associated with its derivative instruments and
other restrictions. The restricted cash balance as of December 31, 2024 was $0.8