Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 203

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 203
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 open forward contracts at December 31, 2023 and 2022.

Assets or liabilities measured at fair value or a recurring basis were as follows at December 31, 2023 and 2022:

Schedule of Assets or Liabilities Measured at Fair Value Recurring Basis

| Description                   |     | Level 1 
 2023    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |     | Level 1 
 2022    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |
|:------------------------------|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|
| Mortgage loans held for sale  |     | $       | - |     | $       | 2,301,012 |     | $       |      - |     | $       | - |     | $       | 3,022,969 |     | $       |      - |
| Interest rate lock derivative |     | $       | - |     | $       |         - |     | $       | 57,505 |     | $       | - |     | $       |         - |     | $       | 30,757 |

A roll forward of the level 3 valuation financial instruments was as follows:

Schedule of Roll Forward for Valuation of Financial Instruments

|                                                | Balance at beginning of year | For                          
 the years ended December 31, |   2023 |     |   |   2022 |
|:-----------------------------------------------|:-----------------------------|:-----------------------------|-------:|:----|:--|-------:|
| Initial valuation                              |                              | $                            | 30,757 |     | $ |      - |
| Change in fair value in gain on sale of loans, 
 net                                            |                              |                              | 26,748 |     |   | 30,757 |
| Balance at end of year                         |                              | $                            | 57,505 |     | $ | 30,757 |

DEBT ISSUANCE COSTS

Beeline’s notes or loans payable agreements are recorded net of issuance costs (debt discount).