Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 12

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
-hand. The Company collaborates with a related party company which is co-owned by the Company’s
Chief Executive Officer, Nicholas Liuzza, by which the company funds the transactions through the sale of a cryptocurrency token which
is backed by real property. See Note 19 – Related Party Transactions.

Beeline
Labs recently launched BlinkQC, a SaaS platform that automates pre-close quality control (“QC”) reviews for mortgage loan
files. Beeline Loans uses BlinkQC in its own operation for its pre-close QC. Later this year, Beeline Labs plans to license BlinkQC as
SaaS BlinkQC uses artificial intelligence to ingest loan document packages, extract and validate data, apply customizable rule sets,
and generate compliance reports. Critical data points are being collected from the Beeline Labs launch and integrations are set to start
in early December 2025 opening BlinkQC up to over 1,000 Banks and Independent Mortgage Banks. The Beeline Labs data and integrations
are essential for a broader launch. Management believes BlinkQC will improve QC efficiency for mortgage lenders and represents a potential
source of incremental revenue for the Company.

Despite
these new lines of business, there can be no assurances that these business plans and actions will be successful, that the Company will
generate anticipated revenues or operating results, or that unforeseen circumstances will not require additional funding sources in the
future or effectuate plans to conserve liquidity. Future efforts to raise additional funds may not be successful or they may not be available
on acceptable terms, if at all.

3.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS
OF PRESENTATION

These
financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations
of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in
financial statements in accordance with GAAP have been condensed or eliminated as permitted under the SEC’s rules and regulations.
In management’s opinion, the unaudited consolidated financial statements include all material adjustments, all of which are of
a normal and recurring nature, necessary to present fairly the Company’s financial position as of September 30, 2025, its operating
results for the three and nine months ended September 30, 2025 and 2024 and its cash flows for the nine months ended September 30, 2025
and