Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 135

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 135
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The permits and licenses and the Azuñia brand have all been determined to have an indefinite life and will not be amortized. The Company, on an annual basis, tests the indefinite life assets for impairment. If the carrying value of an indefinite life asset is found to be impaired, then the Company will record an impairment loss and reduce the carrying value of the asset. As of December 31, 2023 and 2022, the Company determined that the Azuñia assets were impaired and recorded an impairment cost of $0.4million and $7.5million, respectively.

10.Other Assets

Other assets consisted of the following as of December 31:

Schedule of Other Assets

|                          | (Dollars      
 in thousands) |   | 2023 |   |     |   | 2022 |   |
|:-------------------------|:--------------|:--|-----:|:--|:----|:--|-----:|:--|
| Product                  
 branding                 |               | $ |  396 |   |     | $ |  400 |   |
| Deposits                 |               |   |  172 |   |     |   |  148 |   |
| Other                    |               |   |   23 |   |     |   |    - |   |
| Total                    
 other assets             |               |   |  591 |   |     |   |  548 |   |
| Less                     
 accumulated amortization |               |   | (344 | ) |     |   | (287 | ) |
| Other                    
 assets, net              |               | $ |  247 |   |     | $ |  261 |   |

As of December 31, 2023, the Company had $0.4million of capitalized costs related to services provided for the rebranding of its existing product line. This amount is being amortized over a seven-yearlife.

Amortization expense totaled $0.1million for both the years ended December 31, 2023 and 2022.

The deposits represent office lease deposits.

11.Leases

The Company has various lease agreements in place for facilities, equipment and vehicles. Terms of these leases include, in some instances, scheduled rent increases, renewals, purchase options and maintenance costs, and vary by lease. These lease obligations expire at various dates through 2026. The Company determines if an arrangement is a lease at inception. As the rate