Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 99

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 99
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.5 million on the value of the Azuñia assets for the years ended December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, we recognized a loss on the debt to equity conversion of $1.3 million.

Beeline Results of Operations

Overview

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.

Year ended December 31, 2023 Compared to the Year Ended December 31, 2022

Beeline generates revenue through the production and sale of mortgage loans and other product offerings. The revenue and mix of revenue as a percentage of total revenue attributable to Beeline’s sale of mortgage loan production, title and data and tech sales for the years ended December 31, 2023 and 2022 was as follows:

|                               |     | YEARS ENDED DECEMBER 31, 
 2023                     
 Amounts                  |           |     | Percentages |    |   |     | 2022    
 Amounts |           |     | Percentages |    |   |
|:------------------------------|:----|:-------------------------|----------:|:----|:------------|---:|:--|:----|:--------|----------:|:----|:------------|---:|:--|
| Mortgage Loan Production, Net |     | $                        | 3,231,436 |     |             | 85 | % |     | $       | 2,225,041 |     |             | 76 | % |
| Title                         |     |                          |   559,762 |     |             | 15 | % |     |         |   722,703 |     |             | 24 | % |
| Data & Tech                   |     |                          |     2,748 |     |             |  - | % |     |         |         - |     |             |  - | % |
| Total Net Revenues            |     | $                        | 3,793,946 |     |             |    |   |     | $       | 2,947,744 |     |             |    |   |

As the table above indicates, revenue from Beeline’s mortgage loan production increased by 45% in 2023 compared to 2022 while revenue from