Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 82

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 82
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 Loan origination fees 
     214 
  
    Interest income 
     86 
  
    Interest expense 
     (141)
  
    Data and tech services 
     2 
  
    Total net revenues 
     1,195 
  
    Salaries and benefits 
     1,242 
  
    Marketing and advertising 
     423 
  
    Professional fees 
     24 
  
    General and administrative expenses 
     232 
  
    Depreciation and amortization 
     736 
  
    Other operating expenses 
     477 
  
    Total operating expenses 
     3,134 
  
    Loss from operations 
     (1,939)
  
    Interest expense 
     (11)
  
    Other expense 
     (4)
  
    Net loss 
    $(1,954)

50

For
the period October 8, 2024 through December 31, 2024, Beeline originated $57 million in residential mortgage loans and reported a
net loss of $2.0 million.

Gain
on sale of loans, net. Gain on sale of loans, net consists of all components related to the origination and sale of mortgage
loans, including (1) net gain on sale of loans, which represents the premium we receive in excess of the loan principal amount and
certain fees charged by investors upon sale of loans into the secondary market, (2) loan origination fees, credits, points and
certain costs, (3) provision for or benefit from investor reserves, and (4) the change in fair value of interest rate lock
commitment (“IRLCs” or “rate lock”) and mortgage loans held for sale.

When
the mortgage loan is sold into the secondary market (i.e., funded), any difference between the proceeds received and the current fair
value of the loan is recognized in current period earnings in gain on sale of loans. Gain on sale of loans, net were $ 0.8 million for
the period October 8, 2024 through December 31, 2024.

Title
fees. Title fees consists of title policy premiums and settlement fees charge to the borrower and seller on a transaction. Title
fees were $ 0.3 million for the period October 8, 2024 through December 31, 2024.

Loan origination fees.
Loan origination fees generally include underwriting and processing
fees, recording taxes, investor fees and