Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 388

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 388
---
 excise taxes 
     120  
     105 
  
    Net sales 
     6,783  
     6,712 
  
    Cost of sales 
     6,510  
     6,829 
  
    Gross profit (loss) 
     273  
     (117)
  
    Operating expenses: 

    Sales and marketing expenses 
     45  
     126 
  
    General and administrative expenses 
     2,436  
     2,878 
  
    Gain on disposal of property and equipment 
     (195) 
     (367)
  
    Total operating expenses 
     2,286  
     2,637 
  
    Loss from operations 
     (2,013) 
     (2,754)
  
    Other income (expense), net 

    Interest expense 
     -  
     (12)
  
    Deconsolidation loss 
     (4,829) 
     - 
  
    Other income 
     4  
     17 
  
    Total other income, net 
     (4,825) 
     5 
  
    Loss before income taxes 
     (6,838) 
     (2,749)
  
    Provision for income taxes 
     -  
     - 
  
    Net loss from discontinued operations 
    $(6,838) 
    $(2,749)

7. BUSINESS SEGMENTS

The Company’s CODM, the Chief Executive Officer,
evaluates how the Company views and measures its performance. ASC 280, Segment Reporting establishes the standards for reporting
information about segments in financial statements. After consideration of this criteria, the CODM has determined that there are three
reportable segments, consisting of Beeline, Bridgetown Spirits and Corporate.

Beeline is an AI-driven fintech mortgage lender that
develops proprietary software in the form of major enhancements and new developments in its lending platform, including Beeline’s
Chat API “Bob.” Bridgetown Spirits brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila
and are sold on a wholesale basis to distributors in open states, and to brokers in control states. Corporate consists of key executive
and accounting personnel and corporate expenses such as public company and board costs, as well as interest on debt.

The Company measures segment performance to allocate
resources primarily based on revenues of Beeline