Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 287

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 287
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     4,153 
  
    Total intangible assets 
     822  
     4,153 

    Customer list 
     393  
     - 
  
    Permit and license 
     -  
     25 
  
    Total 
     5,772  
     4,178 
  
    Less accumulated amortization 
     (23) 
     - 
  
    Intangible assets 
    $5,749  
    $4,178 

    F-23

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

The Beeline and Azuñia brands have been determined
to have an indefinite life and are not amortized. The Company, on an annual basis, tests the indefinite lived assets for impairment. If
the carrying value of an indefinite lived asset is found to be impaired, then the Company will record an impairment loss and reduce the
carrying value of the asset. As of December 31, 2024, the Company determined that the Beeline asset was not impaired. As of December 31,
2024 and 2023, the Company determined that the Azuñia assets were impaired and recorded an impairment of $3.3 million and $0.4
million, respectively.

Customer data has a useful life of four years and
amortization expense was $22,714 for the period October 8, 2024 through December 31. The permit and license was fully impaired during
2024.

12. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following
as of December 31:

SCHEDULE OF PROPERTY AND EQUIPMENT

    (Dollars in thousands) 
    2024  
    2023 
  
    Internal-use software 
    $15,225  
    $- 
  
    Furniture and fixtures 
     654  
     625 
  
    Leasehold improvements 
     1,537  
     1,386 
  
    Computers and hardware 
     12  
     - 
  
    Vehicle 
     27  
     27 
  
    Total 
     17,455  
     2,038 
  
    Less accumulated depreciation and amortization 
     (2,680) 
     (1,869)
  
    Total property and equipment, net 
    $14,775