Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 166

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 166
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 in thousands)                                                     
 Promissory                                                        
 notes payable bearing interest of 6.0%.                           
 The notes have a 36-month                                         
 term with maturity in April                                       
 2024. Accrued interest is paid in accordance with a monthly       
 amortization schedule.                                            |     | September 
 30, 2024  |    486 |   |     | December 
 31, 2023 |   486 |   |
|:------------------------------------------------------------------|:----|:----------|-------:|:--|:----|:---------|------:|:--|
| Amended                                                           
 and restated promissory notes payable bearing interest of 8.0%.   
 The notes mature in March                                         
 2025. Accrued interest is paid in accordance with an amortization 
 schedule.                                                         |     |           |  7,669 |   |     |          | 7,556 |   |
| Total                                                             
 notes payable                                                     |     |           |  8,155 |   |     |          | 8,042 |   |
| Less                                                              
 current portion                                                   |     |           | (8,155 | ) |     |          |  (486 | ) |
| Long-term                                                         
 portion of notes payable                                          |     | $         |      - |   |     | $        | 7,556 |   |

| F-41 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2024

(Unaudited)

The Company paid $ 11,588and $ 1.1million in interest on notes for the nine months ended September 30, 2024 and 2023, respectively.

Maturities on notes payable as of September 30, 2024 were as follows:

Schedule of Maturities on Notes payable

| (Dollars in thousands) 
 2024                   
 2025                   
 2026                   
 2027                   
 2028                   
 Thereafter             |     |   |   486 
 7,669 
     - 
     - 
     - 
     - |
|:-----------------------|:----|:--|------:|
| Total                  |     | $ | 8,155 |

13. Secured Credit Facilities

Note Purchase Agreement

On October 7, 2022, the Company entered into a Note Purchase Agreement dated as of October 6,