Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 34

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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September
30, 2025

(Unaudited)

12.
NOTES PAYABLE – RELATED PARTIES

Notes
payable, related parties consisted of the following:

 SCHEDULE OF NOTES PAYABLE RELATED PARTIES

    (Dollars
    in thousands) 
    September
    30, 2025  
    December
    31, 2024 
  
    Chief
    Executive Officer 
    $             -  
    $      737 
  
    Board
    member 
     -  
     87 
  
    Total 
     -  
     824 
  
    Accrued
    interest 
     -  
     67 
  
    Total
    notes payable, related parties 
    $-  
    $891 

In
February and March of 2025, Mr. Liuzza advanced the Company a total of $122,241 which the Company used for working capital and general
corporate purposes. In exchange for these advances, on April 25, 2025, the Board of Directors approved the advances as loans, and the
Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per annum and is payable on demand. On May 29, 2025,
the note was amended to $0.4 million. On December 31, 2024, Nicholas Liuzza, the Company’s Chief Executive Officer, loaned $0.7
million to Beeline Loans in exchange for a demand promissory note, which accrues interest at the rate of 8% per annum and is payable
within 15 days of a demand notice made by Mr. Liuzza. The funds were held in a restricted account to permit Beeline Loans to improve
its ability to make real estate loans. On February 17, 2025, he converted the $0.7 million bridge loan into $0.7 million of units comprised
of 1,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628 shares. During September 2025, the
principal balance and accrued interest was fully repaid.

In
July 2023, Beeline Financial issued a note to a private company in which Joseph Freedman, a Board member of the Company and Beeline Financial,
has an ownership interest. This note was for $0.1