Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 183

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 183
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271) 
    $(846) 
    $(9,155) 
    $(2,112)

For
the three and nine months ended September 30, 2025, net loss from continuing operations increased to $2.3 million and $9.2 million, respectively,
from $0.8 million and $2.1 million for the three and nine months ended September 30, 2024, respectively, reflecting the inclusion of
Beeline’s results of operations for 2025.

Compensation
and benefits. Compensation and benefits were $0.7 million and $2.6 million for the three and nine months ended September 30,
2025, respectively, and $0.1 million and $0.5 million for the three and nine months ended September 30, 2024, respectively.

General
and administrative expenses. General and administrative expenses consist primarily of public company costs professional fees,
board compensation and rent. General and administrative expenses were $0.7 million and $3.5 million for the three and nine months ended
September 30, 2025, respectively, and $0.3 million and $0.6 million for the three and nine months ended September 30, 2024, respectively.

Depreciation
and amortization. Depreciation and amortization expenses consist primarily of amortization related to the intangible asset of
the customer list and were $24,563 and $0.1 million for the three and nine months ended September 30, 2025, respectively.

Marketing
and advertising. Marketing and advertising were $0 and $12,082 for three and nine months ended September 30, 2025, respectively.

41

Other
operating expenses. Other operating expenses consist of software service providers and were $24,810 and $0.1 million for the three
and nine months ended September 30, 2025, respectively.

Non-GAAP
Financial Measure

We
report adjusted EBITDA, which is a financial measure not prepared in accordance with generally accepted accounting principles (“non-GAAP”)
that supplements our financial results presented in accordance with GAAP. This non-GAAP financial measure should not be considered in
isolation and is not intended to be a substitute for any GAAP financial measures, but rather provides supplemental information that we
believe helps investors better understand our business, our business model, and how we analyze our performance.

Non-GAAP
financial measures have limitations in their usefulness to investors because