Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 223

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 223
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 reporting purposes and the amounts used for income tax purposes. The deferred tax assets (liabilities) at December 31, 2023 and 2022 consist of net operating loss carryforwards and differences in the book basis and tax basis of mortgage loans and intangible assets.

The items accounting for the difference between income taxes at the effective statutory rate and the provision for income taxes for the years ended December 31, 2023 and 2022 were as follows:

Schedule of Difference Between Income Taxes at the Effective Statutory Rate and the Provision for Income Taxes

| Statutory Rate Reconciliation       |     | 2023 |            |   |     |        |   |     | 2022 |            |   |     |        |   |
|:------------------------------------|:----|:-----|-----------:|:--|:----|-------:|:--|:----|:-----|-----------:|:--|:----|-------:|:--|
| Loss                                
 before taxes                        |     | $    | (2,288,942 | ) |     |  21.00 | % |     | $    | (2,215,970 | ) |     |  21.00 | % |
| Effect of permanent differences     |     |      |      4,820 |   |     |  -0.04 | % |     |      |   (124,870 | ) |     |   1.18 | % |
| State taxes, net of federal benefit |     |      |   (498,553 | ) |     |   4.57 | % |     |      |   (510,933 | ) |     |   4.84 | % |
| Valuation Allowance                 |     |      |  2,782,675 |   |     | -25.53 | % |     |      |  2,851,773 |   |     | -27.03 | % |
| Total                               |     | $    |          0 |   |     |   0.00 | % |     | $    |         (0 | ) |     |   0.00 | % |

The Company’s approximate net deferred tax assets as of December 31, 2023 and 2022 were as follows:

Schedule of Deferred Tax Assets

| Years Ended December 31,        |     | 2023 |            |   |     |