Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 800

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 800
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 finite-lived intangible
assets at amortized cost and other certain indefinite-lived intangible assets at cost. Management reviews all intangible assets for probable
impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication
of impairment, management would prepare an estimate of future cash flows (undiscounted and without interest charges) expected to result
from the use of the asset and its eventual disposition. If these estimated cash flows were less than the carrying amount of the asset,
an impairment loss would be recognized to write down the asset to its estimated fair value.

PROPERTY AND EQUIPMENT, NET

Property and equipment, including leasehold improvements
and internal-use software, are recorded at cost, and are depreciated or amortized using the straight-line method over the estimated useful
lives of the related assets, which range from three3 to seven years. Repair and maintenance costs are expensed as incurred. Leasehold improvements
are amortized over the shorter of the lease term or the improvement’s estimated useful life. Depreciation is not recorded on projects-in-process
until the project is complete and the associated assets are placed into service or are ready for the intended use. Impairment of property
and equipment than the internal-use software is evaluated under ASC 360, Property, Plant, and Equipment.

Under ASC 350-40, Internal-Use Software, the
Company capitalizes certain qualifying costs incurred during the application development stage in connection with the development of internal-use
software. Costs related to preliminary project activities are expensed as incurred and post-implementation activities will be expensed
as incurred. Capitalized software costs are amortized over the useful life of the software, which is five years. Impairment of internal-use
software is evaluated under ASC 350-40-35, Subsequent Measurement, on a qualitative basis and if indicators exist, then a quantitative
analysis is performed under ASC 360.

FAIR VALUE MEASUREMENTS

Fair value is the price that would be received if
an asset were sold or the price that would be paid to transfer a liability in an orderly transaction between willing market participants
at the measurement date. Required disclosures include classification of fair value measurements within a three-level hierarchy (Level
1, Level 2, and Level 3). Classification of a fair value measurement within the hierarchy is dependent on the classification and significance
of the inputs used to determine the fair value measurement. Observable inputs are those that are observed,