Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 81

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 81
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, operating income, and margin trends. The results of
each segment are presented in accordance with our internal management reporting structure.

For
additional details on segment definitions and financial disclosures, see Note 7– Business Segments in the Notes to
Consolidated Financial Statements.

49

Beeline
is a full service Direct-to-Consumer lender specializing in conventional conforming and non-conforming residential first-lien
mortgages and providing title services. Beeline also has an emerging business in anonymized data sales and technology
licensing.

Bridgetown
Spirits manufactures acquires, blends, bottles, imports, markets and sells a variety of alcoholic beverages under recognized brands.
Bridgetown Spirits’ brands span several alcoholic beverage categories, including whiskey, vodka, and tequila. Bridgetown
Spirits sells products on a wholesale basis to distributors in one open states and through brokers in control states.

Corporate primarily consists of general corporate expenses, including public company costs, executive compensation, legal and
regulatory compliance, and other administrative functions that support the overall business. This segment also includes holding
company expenses, such as financing costs, investor relations, and strategic corporate initiatives that are not directly
attributable to any operating segment. As this segment does not generate revenue, its financial results primarily reflect overhead,
and governance-related expenditures incurred to support the company’s publicly traded status and corporate
infrastructure.

    (Dollars in thousands) 
    2024

    2023 
  
    Beeline (October
    8, 2024 through December 31, 2024) 
    $1,195  
    $- 
  
    Bridgetown Spirits 
     2,577  
     3,787 
  
    Total Revenues 
     3,772  
     3,787 

     Beeline 
    $(1,954) 
    $- 
  
    Bridgetown Spirits 
     (3,840) 
     (601)
  
    Corporate 
     (444) 
     (4,185)
  
    Total loss from continuing operations 
    $(6,238) 
    $(4,786)

Beeline
(October 8, 2024 through December 31, 2024)

    (Dollars in thousands) 
    2024 
  
    Gain on sale of loans, net 
    $757 
  
    Title fees 
     277