Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 41

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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. There were no anti-dilutive common shares included in the calculation of income (loss) per common share as of
June 30, 2025 and December 31, 2024. As of June 30, 2025, there were 27.8 million shares of common stock equivalents that were antidilutive
due to the Company’s net loss.

    29

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

June 30, 2025

(Unaudited)

19.
RELATED PARTY TRANSACTIONS

Beeline
Financial issued a note to a private company in which Joseph Freedman, a Board member of the Company, has an ownership interest. This
note was for $0.1 million, accrues interest at 7% per annum and is due on demand. This note was subsequently repaid in January 2025.
Additionally in January 2025, Mr. Freedman purchased 238,418 shares of Series G Preferred Stock and five-year Warrants to purchase a
total of 11,921 shares of common stock for total gross proceeds of $0.1 million.

During
June 2025, the Company partnered with an entity which is co-owned by the Company’s Chief Executive Officer, Nicholas Liuzza, in
certain residential real estate transactions funded through the sale of a cryptocurrency token which is backed by real property. In these
transactions, the related party entity purchases equity from homeowners seeking liquidity, funding such purchases from the sale of the
cryptocurrency token. The Company provides the related party entity with certain services in connection with these transactions, specifically
through providing access to its platform, and providing title and escrow services through Beeline Title Holdings in exchange for cash
fees. During June 2025, Beeline Title Holdings closed its first such residential real estate transaction funded through the sale of a
cryptocurrency token backed by real property. During the six months ended June 30, 2025, the Company recorded $12,377 of revenue related
to this transaction.

During
March 2025, Mr. Liuzza, purchased 4,308,155
shares of Series G Preferred Stock and 5 five-year Warrants to purchase a total of 215,409 shares of common stock for total gross
proceeds of $2.2 million. In addition, Mr. Liuzza converted his $0.7 million bridge loan into $0.7 million of units comprised
of 1