Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 105

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 105
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, 2024, we have raised $2,608,593 from this offering.

As of December 10, 2024, we have approximately $476,408 in cash. We do not have sufficient capital to meet our working capital and debt obligations for the next 12 months. Among other things, Beeline must pay $2,386,333 of secured Notes by March 13, 2025. In addition, beginning in January 2025, Beeline must make monthly payments of $444,328 to the holders of its $3,600,000 Debentures through the due date of September 5, 2025. The availability of additional financing will be largely dependent on increasing our authorized common stock and the operating success of Beeline, including improved gross margins as well as operational improvements, which will be necessary to attract investors.

Eastside Cash Flow Results

Year Ended December 31, 2023 Compared to the Year Ended December 31, 2022

Our cash flow results for the years ended December 31, 2023 and 2022 were as follows:

| (Dollars in thousands)                
 Net cash flows provided by (used in): |     | 2023 |      |   |     | 2022 |      |   |
|:--------------------------------------|:----|:-----|-----:|:--|:----|:-----|-----:|:--|
| Operating activities                  |     | $    | (1.8 | ) |     | $    | (0.9 | ) |
| Investing activities                  |     | $    |  0.1 |   |     | $    | (2.3 | ) |
| Financing activities                  |     | $    |  1.4 |   |     | $    |  0.6 |   |

| 93 |

Operating Activities

Total cash used in operating activities was $1.8 million during the year ended December 31, 2023 compared to cash used of $0.9 million during the year ended December 31, 2022. The increase in cash used was primarily attributable to our continued net losses and decreased accrued interest.

Investing Activities

Total cash provided by investing activities was $0.1 million during the year ended December 31, 2023 representing net proceeds from purchases and sales of fixed assets. Total cash used in investing activities was $2.3 million during the year ended December 31,