Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 56

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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9 million for the three and six months ended June 30, 2025, respectively.

Title
fees. Title fees consist of title policy premiums and settlement fees charged to the borrower and seller on a transaction. Title
fees were $0.4 million and $0.8 million for the three and six months ended June 30, 2025, respectively.

Loan
origination fees. Loan origination fees generally include underwriting and processing fees, investor fees, and other related
expenses. Loan origination fees were $0.2 million and $0.3 million for the three and six months ended June 30, 2025, respectively.

37

Loan
interest income and expense. Interest income is interest earned on mortgage loans held for sale and interest expense is paid
on our loan funding facilities. Net interest income was $7,075 and $13,110 for the three and six months ended June 30, 2025, respectively.

Salaries
and benefits. Salaries and benefits were $1.3 million and $2.5 million for the three and six months ended June 30, 2025, respectively.

Marketing
and advertising. Marketing and advertising were $0.8 million and $1.3 million for the three and six months ended June 30, 2025,
respectively.

General
and administrative expenses. General and administrative expenses consist primarily of software service providers and were flat
and $0.4 million for the three and six months ended June 30, 2025, respectively.

Depreciation
and amortization. Depreciation and amortization expenses consist primarily of amortization related to internal-use software and
was $0.8 million and $1.6 million for the three and six months ended June 30, 2025, respectively.

Other
operating expenses. Other operating expenses consist of expenses directly related to the origination of loans and are charged
by investors at the sale of loans excluding interest. Other operating expenses were $0.3 million and $1.0 million for the three and six
months ended June 30, 2025, respectively.

Corporate

    Three Months Ended June 30,  
    Six Months Ended June 30, 
  
    (Dollars in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Salaries and benefits 
    $817  
    $161