Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 179

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 179
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 history of operating losses and has not yet been able to maintain profitability, and it may not achieve or maintain profitability in the future.

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    If the United States experiences rising mortgage interest rates, it may continue to negatively impact Beeline’s business and loan origination volumes.

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    Beeline’s business is subject to underwriting limitations and the potential of mortgage defaults.

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    Failure to comply with underwriting guidelines of aggregators or GSEs could materially and adversely impact Beeline’s business.

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    Changes in the GSEs’, the FHA’s or the VA’s requirements or guidelines could materially and adversely affect Beeline’s business.

Risks Related to Beeline’s Debt and Warehouse
Credit Lines

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    Beeline relies on indebtedness to fund its operations and growth objectives, which subjects it to numerous risks arising from its incurring this indebtedness.

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    Beeline relies on warehouse lines to fund the loans it originates and without these lines, Beeline would be unable to originate loans as a correspondent lender to its investors who purchase its loans.

Risks Related to Beeline’s Products, Technology,
and Intellectual Property

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    Beeline’s business relies on technology infrastructure, which exposes it to cybersecurity and technology infrastructure risks.

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    If Beeline is not able to protect the privacy, use, and security of customer information, it could sustain damages.

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    Beeline heavily relies on third-party software to operate its business.

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    Beeline faces risks with respect to its ability to protect its intellectual property rights.

18

Regulatory Risks

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    We and Beeline each operate in a heavily regulated industry, and our business operations expose it to risks of noncompliance, including due to any future changes in the regulations applicable to it.

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    Future artificial intelligence (“AI”) or technology characteristics and regulations could negatively impact our business.

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    Beeline is subject to various telecommunications, data protection and privacy laws.

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    Federal and state laws regulate Beeline’s strategic relationships which could result in harm to its business.

Risks Relating to our Spirits Business

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    We are susceptible to cybersecurity breaches and cyber-related fraud.

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    We must maintain adequate terms from our supply partner, and any failure to do so will likely result in deteriorating performance of our Azuñia brand.

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    Failure of our distributors to distribute our products adequately could result