Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1114

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1114
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GOODWILL

Goodwill is the excess of the purchase price over
the estimated fair value of identifiable net assets acquired in business combinations. The Company tests goodwill for impairment annually
in the fourth quarter, or more frequently when indications of potential impairment exist. The Company monitors the existence of potential
impairment indicators throughout the fiscal year. The Company may elect to perform either a qualitative test or a quantitative test to
determine if it is more likely than not that the carrying value of a reporting unit exceeds its estimated fair value. Fair value reflects
the price a market participant would be willing to pay in a potential sale of the reporting unit. If the estimated fair value of the Company
exceeds its carrying value, then the Company concludes the goodwill is not impaired. If the carrying value of the Company exceeds its
estimated fair value, the Company recognizes an impairment loss in an amount equal to the excess, not to exceed the amount of goodwill.
Based on the Company’s impairment analysis, management determined that goodwill was not impaired for the period ended December 31,
2024.

INTANGIBLE ASSETS

The Company accounts for certain finite-lived intangible
assets at amortized cost and other certain indefinite-lived intangible assets at cost. Management reviews all intangible assets for probable
impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication
of impairment, management would prepare an estimate of future cash flows (undiscounted and without interest charges) expected to result
from the use of the asset and its eventual disposition. If these estimated cash flows were less than the carrying amount of the asset,
an impairment loss would be recognized to write down the asset to its estimated fair value.

PROPERTY AND EQUIPMENT, NET

Property and equipment, including leasehold improvements
and internal-use software, are recorded at cost, and are depreciated or amortized using the straight-line method over the estimated useful
lives of the related assets, which range from three3 to seven years. Repair and maintenance costs are expensed as incurred. Leasehold improvements
are amortized over the shorter of the lease term or the improvement’s estimated useful life. Depreciation is not recorded on projects-in-process
until the project is complete and the associated assets are placed into service or are ready for the intended use. Impairment of property
and equipment than the internal-use software is evaluated under ASC 360, Property, Plant, and Equipment.

Under ASC 350-40