Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 193

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 193
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, 2023 and 2022:

Schedule of Assets or Liabilities Measured at Fair Value Recurring Basis

| Description                   |     | Level 1 
 2023    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |     | Level 1 
 2022    
 Level 1 |   |     | Level 2 
 Level 2 |           |     | Level 3 
 Level 3 |        |
|:------------------------------|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|:----|:--------|:--|:----|:--------|----------:|:----|:--------|-------:|
| Mortgage loans held for sale  |     | $       | - |     | $       | 2,301,012 |     | $       |      - |     | $       | - |     | $       | 3,022,969 |     | $       |      - |
| Interest rate lock derivative |     | $       | - |     | $       |         - |     | $       | 57,505 |     | $       | - |     | $       |         - |     | $       | 30,757 |

A roll forward of the level 3 valuation financial instruments was as follows:

Schedule of Roll Forward for Valuation of Financial Instruments

|                                                | Balance at beginning of year | For                          
 the years ended December 31, |   2023 |     |   |   2022 |
|:-----------------------------------------------|:-----------------------------|:-----------------------------|-------:|:----|:--|-------:|
| Initial valuation                              |                              | $                            | 30,757 |     | $ |      - |
| Change in fair value in gain on sale of loans, 
 net                                            |                              |                              | 26,748 |     |   | 30,757 |
| Balance at end of year                         |                              | $                            | 57,505 |     | $ | 30,757 |

DEBT ISSUANCE COSTS

Beeline’s notes or loans payable agreements are recorded net of issuance costs (debt discount). The resulting debt discount is being amortized over the term of the term loan using the straight-line method, which approximates the effective interest method, and the amortization of