Company: BLNE
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001641172-25-008111
Chunk: 13

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-01
Form: 424B5
Chunk 13
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 amount of the particular intangible asset. If there is an indication of impairment on our intangible assets, 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 are less than the carrying amount of the asset, a non-cash impairment loss would be recognized to write down the intangible asset to its estimated fair value.

Events and conditions that could result in impairment in the value of our goodwill and intangible assets include, but are not limited to, significant negative industry or economic trends, continuing large losses during 2025 or thereafter, significant decline in the Company’s common stock price for a sustained period of time, or a significant decline in market capitalization relative to net book value. Our ability to raise capital could be negatively impacted should future impairments of our goodwill and/or intangible assets occur.

If the United States continues to experience falling rates of the sales of existing homes or consumer sentiment continues to fall, such events may continue to negatively impact Beeline’s business and loan origination volumes.

In March 2025, the rate of sales of existing homes in the United States fell 5.9% from the prior month. These numbers were largely from transactions that were initiated in January and February prior to the Trump tariffs which have caused uncertainty on the economy and capital markets. The effect of the decreased sales of existing homes was to reduce loan volume, margins, revenue, and profitability in the mortgage origination industry, including in our business which in 2024 saw 23.4% of its mortgage loan closings come from home sales. We do not have available statistics on what percent of our revenues came from home sales. Further, it was recently reported that a key consumer sentiment index published by the University of Michigan fell approximately 10% from the prior month.

If the decrease rate of sales of existing homes continues and/or consumer sentiment continues to drop, our loan originations could fall which will negatively impact Beeline’s business operations, operating results and financial condition.

Recent and threatened tariffs imposed by the U.S. and other countries could materially adversely affect our Spirits business.

A portion of Spirits’ inventory are produced using materials sourced from other countries such as Mexico and Poland. In addition, a portion of Spirits’ sales are made in foreign jurisdictions. The Trump Administration’s imposition of tariffs on various goods from Mexico, Poland, and other jurisdictions, and retaliatory tariffs and other measures which these jurisdictions may take in response,