Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 246

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 246
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 The Company monitors the existence of potential impairment indicators throughout the fiscal year. The Company may elect to perform
either a qualitative test or a quantitative test to determine if it is more likely than not that the carrying value of a reporting unit
exceeds its estimated fair value. Fair value reflects the price a market participant would be willing to pay in a potential sale of the
reporting unit. If the estimated fair value of the Company exceeds its carrying value, then the Company concludes the goodwill is not
impaired. If the carrying value of the Company exceeds its estimated fair value, the Company recognizes an impairment loss in an amount
equal to the excess, not to exceed the amount of goodwill.

Intangible
assets. The Company accounts for certain finite-lived intangible assets at amortized cost and other certain indefinite-lived
intangible assets at cost. Management reviews all intangible assets for probable impairment whenever events or circumstances indicate
that the carrying amount of such assets may not be recoverable. If there is an indication of impairment, management would prepare an
estimate of future cash flows (undiscounted and without interest charges) expected to result from the use of the asset and its eventual
disposition. If these estimated cash flows were less than the carrying amount of the asset, an impairment loss would be recognized to
write down the asset to its estimated fair value.

Property
and equipment, net. Property and equipment, including leasehold improvements and internal-use software, are recorded at cost,
and are depreciated or amortized using the straight-line method over the estimated useful lives of the related assets, which range from
three to seven years. Repair and maintenance costs are expensed as incurred. Leasehold improvements are amortized over the shorter of
the lease term or the improvement’s estimated useful life. Depreciation is not recorded on projects-in-process until the project
is complete and the associated assets are placed into service or are ready for the intended use. Impairment of property and equipment
than the internal-use software is evaluated under ASC 360, Property, Plant, and Equipment.

Under
ASC 350-40, Internal-Use Software, the Company capitalizes certain qualifying costs incurred during the application development
stage in connection with the development of internal-use software. Costs related to preliminary project activities are expensed as incurred
and post-implementation activities will be expensed as incurred. Capitalized software costs are amortized over the useful life of the
software, which is five years. Impairment of internal-use software