Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 777

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 777
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 AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK

Not applicable.

56

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA

BEELINE HOLDINGS, INC.

Table of Contents

    Page
  
    Report of Independent Registered Public Accounting Firm (PCAOB ID No. 106)
    F-2
  
    Report of Independent Registered Public Accounting Firm (PCAOB ID No. 2738)
    F-4
  
    Consolidated Balance Sheets as of December 31, 2024 and 2023
    F-5
  
    Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2024 and 2023
    F-6
  
    Consolidated Statements of Changes In Stockholders’ Equity (Deficit) for the Years Ended December 31, 2024 and 2023
    F-7
  
    Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023
    F-8
  
    Notes to Consolidated Financial Statements
    F-9

F-1

Report of Independent
Registered Public Accounting Firm

To
the Stockholders and the Board of Directors of:

Beeline
Holdings, Inc.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheet of Beeline Holdings, Inc. and Subsidiaries (the “Company”) as of
December 31, 2024, the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity (deficit)
and cash flows for the year then ended, and the related notes (collectively referred to as the “consolidated financial statements”).
In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of
the Company as of December 31, 2024, and the consolidated results of its operations and its cash flows for the year then ended, in conformity
with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As
discussed in Note 2 to the consolidated financial statements, the Company has incurred recurring losses and negative cash flows from
operations since its inception, has a significant working capital deficit, and is dependent on debt and equity financing. These
matters raise substantial doubt about the Company’s ability to continue as a