Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 87

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 87
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22 and 25, 2024 we closed on sales of $350,000 in Common Stock and warrants, from which we received approximately $345,000. These funds should be adequate to fund our cash flow requirement into early 2025.

We are presently seeking to raise additional equity capital through the sale of Series G and Warrants. Through December 31, 2024 we have raised $2,608,593 from this offering.

As of December 10, 2024, we have approximately $476,408 in cash. We do not have sufficient capital to meet our working capital and debt obligations for the next 12 months. Among other things, Beeline must pay $2,386,333 of secured Notes by March 13, 2025. In addition, beginning in January 2025, Beeline must make monthly payments of $444,328 to the holders of its $3,600,000 Debentures through the due date of September 5, 2025. The availability of additional financing will be largely dependent on increasing our authorized Common Stock and the operating success of Beeline, including improved gross margins as well as operational improvements, which will be necessary to attract investors.

Eastside Cash Flow Results

Year Ended December 31, 2023 Compared to the Year Ended December 31, 2022

Our cash flow results for the years ended December 31, 2023 and 2022 were as follows:

| (Dollars in thousands)                
 Net cash flows provided by (used in): |     | 2023 |      |   |     | 2022 |      |   |
|:--------------------------------------|:----|:-----|-----:|:--|:----|:-----|-----:|:--|
| Operating activities                  |     | $    | (1.8 | ) |     | $    | (0.9 | ) |
| Investing activities                  |     | $    |  0.1 |   |     | $    | (2.3 | ) |
| Financing activities                  |     | $    |  1.4 |   |     | $    |  0.6 |   |

Operating Activities

Total cash used in operating activities was $1.8 million during the year ended December 31, 2023 compared to cash used of $0.9 million during the year ended December 31, 2022. The increase in cash used was primarily attributable to