Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 205

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 205
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 December 31, 2023 and 2022, the balance due is $ 291,846and $ 363,351, respectively, net of discounts of $ 8,154and $ 11,649, respectively. Principal payments of $ 9,375began in April of 2022. In October 2023, Beeline began making interest-only payments in the near term until market conditions improved. The interest rate is 6%. Beeline recorded debt issuance costs of $ 17,182in 2021, which are being amortized over the term of the BDCRI Loan. The BDCRI Loan contains default covenants and prepayment terms and is collateralized and guaranteed by two of the shareholders of Beeline.

The payment schedule for the BDCRI loan is as follows:

Schedule of Bdcri Loan

| Year  |     | Amount |         |
|:------|:----|:-------|--------:|
| 2024  |     | $      | 100,000 |
| 2025  |     |        | 100,000 |
| 2026  |     |        | 100,000 |
| Total |     | $      | 300,000 |

LOANS PAYABLE

In 2022, Beeline received $ 100,000from Capital Markets Group in the form of a loan payable. This loan is currently past due. Default interest is accruing at 24% per annum. As of December 31, 2023 and 2022, the balance due is $ 60,244and $ 100,000, respectively. The balance of the loan was paid in full on June 6, 2024.

In March 2023, Beeline received $ 30,000from an individual in the form of a loan payable. Interest accrues at 7% per annum. At December 31, 2023, the balance due is $ 31,755. This loan was subsequently reclassified as a Convertible Notes when a convertible note agreement was signed by the lender in March 2024.

LOANS PAYABLE – RELATED PARTY

In July 2023, Beeline received $ 75,000from Fluid Capital in the form of a loan payable. Interest accrues at 12.25%. per annum. This note is due April 2024. At December 31, 2023 the balance due is $ 78,826. Beeline was granted