Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 104

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 including but not limited to, depreciation, amortization, and employee compensation. Entities will also be required
to provide a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively,
disclose the total amount of selling expenses and, in annual reporting periods, provide a definition of what constitutes selling expenses.
This pronouncement is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning
after December 15, 2027, with early adoption permitted. The Company does not expect the adoption of this new guidance to have a material
impact on the financial statements.

RECLASSIFICATION
OF PRIOR YEAR PRESENTATION

Certain
prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on
the reported results of operations or cash flows. The assets and liabilities of Bridgetown Spirits and the spirits segment have been
classified as held for sale as of December 31, 2024. The operating results of Bridgetown Spirits and the spirits segment have been classified
as discontinued operations during the three and nine months ended September 30, 2025 and 2024, respectively, See Note 4 – Discontinued
Operations. As a result of the merger, the statement of operations for the nine months ended September 30, 2024 represents the new
structure and retrospectively reclassifies discontinued operations. In addition, the senior secured debentures were reclassed from notes
payable to secured credit facilities and stock to be issued related to common stock and Series G preferred stock was presented separately
as of December 31, 2024.

4.
DISCONTINUED OPERATIONS

The
Company reports discontinued operations by applying the following criteria in accordance with ASC 205-20, Presentation of Financial
Statements – Discontinued Operations: (1) Component of an entity; (2) Held for sale criteria; and (3) Strategic shift.

Craft
C+P

The
operating results of Craft C+P have been classified as discontinued operations during the nine months ended September 30, 2024. The consolidated
financial statements for the prior periods have been adjusted to reflect comparable information.

Income
and expense related to Craft C+P were as follows for the nine months ended September 30, 2024:

 SCHEDULE OF DISPOSAL GROUPS, INCLUDING DISCONTINUED OPERATIONS

    (Dollars
    in thousands)