Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 223

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 223
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 the Effective Statutory Rate and the Provision for Income Taxes

| Statutory Rate Reconciliation       |     | 2023 |            |   |     |        |   |     | 2022 |            |   |     |        |   |
|:------------------------------------|:----|:-----|-----------:|:--|:----|-------:|:--|:----|:-----|-----------:|:--|:----|-------:|:--|
| Loss                                
 before taxes                        |     | $    | (2,288,942 | ) |     |  21.00 | % |     | $    | (2,215,970 | ) |     |  21.00 | % |
| Effect of permanent differences     |     |      |      4,820 |   |     |  -0.04 | % |     |      |   (124,870 | ) |     |   1.18 | % |
| State taxes, net of federal benefit |     |      |   (498,553 | ) |     |   4.57 | % |     |      |   (510,933 | ) |     |   4.84 | % |
| Valuation Allowance                 |     |      |  2,782,675 |   |     | -25.53 | % |     |      |  2,851,773 |   |     | -27.03 | % |
| Total                               |     | $    |          0 |   |     |   0.00 | % |     | $    |         (0 | ) |     |   0.00 | % |

The Company’s approximate net deferred tax assets as of December 31, 2023 and 2022 were as follows:

Schedule of Deferred Tax Assets

| Years Ended December 31,        |     | 2023 |            |   |     | 2022 |            |   |
|:--------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Deferred Tax Asset:             |     |      |            |   |     |      |            |   |
| Fixed Assets                    |     | $    |     43,031 |   |     | $    |     43,031 |   |
| NOL Carryforward                |     |      | 10