Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 391

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 391
---
 conversion 
     -  
     (1,321)
  
    Loss on equity method investment 
     (58) 
     - 
  
    Other income 
     39  
     - 
  
    Other expense 
     (27) 
     (6)
  
    Net loss 
    $(444) 
    $(4,185)

    F-22

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

8. FAIR VALUE MEASUREMENTS

Assets or liabilities measured at fair value on a
recurring basis were as follows as of December 31:

SCHEDULE OF ASSETS OR LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS 

    Description 
    Level 1  
    Level 2  
    Level 3 

    (Dollars in thousands) 
    2024 
  
    Description 
    Level 1  
    Level 2  
    Level 3 
  
    Mortgage loans held for sale 
    $-  
    $6,925  
    $- 
  
    Interest rate lock commitment derivative 
     -  
     -  
     18 

A roll forward of the level 3 valuation financial
instruments was as follows for the period October 8, 2024 through December 31:

SCHEDULE OF A ROLL FORWARD OF THE LEVEL 3 VALUATION FINANCIAL INSTRUMENTS 

    (Dollars in thousands) 
    2024 
  
    Balance, beginning of period 
    $124 
  
    Change in fair value in gain on sale of loans, net 
     (106)
  
    Balance, end of year 
    $18 

9. MORTGAGE LOANS HELD FOR SALE

Beeline sells substantially all of its originated
mortgage loans to investors and adjusts adjusted its loan balance to the estimated fair value based on the eventual sales of loans. Mortgage
loans held for sale, at fair value, consisted of the following as of December 31:

SCHEDULE OF MORTGAGE LOANS HELD FOR SALE 

    (Dollars in thousands) 
    2024 
  
    Mortgage loans held for sale 
    $6,878 
  
    Net fair value adjustment 
     47 
  
    Mortgage loans held for sale, at