Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 80

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange
Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements in accordance
with GAAP have been condensed or eliminated as permitted under the SEC’s rules and regulations. In management’s opinion, the
unaudited consolidated financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary
to present fairly the Company’s financial position as of March 31, 2025, its operating results for the three months ended March
31, 2025 and 2024 and its cash flows for the three months ended March 31, 2025 and 2024. The unaudited consolidated financial statements
should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form
10-K for the year ended December 31, 2024. Interim results are not necessarily indicative of the results that may be expected for an entire
fiscal year. All intercompany balances and transactions have been eliminated on consolidation.

PRINCIPLES
OF CONSOLIDATION

The
consolidated financial statements include the consolidated accounts of the Company and its wholly-owned subsidiaries, Beeline Financial
Holdings, Inc., Beeline Title Holdings, Inc. (“Beeline Title Holdings”), Beeline Mortgage Holdings, Inc. (“Beeline
Mortgage”), Beeline Labs, Inc., and Beeline Loans Pty Ltd. (“Australian Subsidiary”). Intercompany transactions and balances have been eliminated.

Beeline
Title Holdings has four 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.

Nimble
Title Holdings has four subsidiaries, Nimble Title, LLC (“Nimble Title”), Nim