Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 165

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 165
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. The excess of the purchase price over the estimated fair value of net assets
acquired is recorded as goodwill.

Goodwill
represents the excess purchase price over the fair value of the tangible net assets and intangible assets acquired in the business combination.
The increases or decreases in the fair value of the Company’s assets and liabilities can result from changes in fair values as
of the acquisition date as determined during the one-year measurement period under ASC 805.

Goodwill.
Goodwill is the excess of the purchase price over the estimated fair value of identifiable net assets acquired in business combinations.
The Company tests goodwill for impairment annually in the fourth quarter, or more frequently when indications of potential impairment
exist. The Company monitors the existence of potential impairment indicators throughout the fiscal year. The Company may elect to perform
either a qualitative test or a quantitative test to determine if it is more likely than not that the carrying value of a reporting unit
exceeds its estimated fair value. Fair value reflects the price a market participant would be willing to pay in a potential sale of the
reporting unit. If the estimated fair value of the Company exceeds its carrying value, then the Company concludes the goodwill is not
impaired. If the carrying value of the Company exceeds its estimated fair value, the Company recognizes an impairment loss in an amount
equal to the excess, not to exceed the amount of goodwill.

Intangible
assets. The Company accounts for certain finite-lived intangible assets at amortized cost and other certain indefinite-lived
intangible assets at cost. Management reviews all intangible assets for probable impairment whenever events or circumstances indicate
that the carrying amount of such assets may not be recoverable. If there is an indication of impairment, management would prepare an
estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual
disposition. If these estimated cash flows were less than the carrying amount of the asset, an impairment loss would be recognized to
write down the asset to its estimated fair value.

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Property
and equipment, net. Property and equipment, including leasehold improvements and internal-use software, are recorded at cost,
and are depreciated or amortized using the straight-line method over the estimated useful lives of the related assets, which range from
three to seven years. Repair and maintenance costs are expensed as incurred. Leasehold improvements are amortized over the shorter of
the lease term or the improvement’s estimated useful life. Depreciation is not