Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 603

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 603
---
 2023 
  
    Salaries and benefits 
    $1,350  
    $457 
  
    Marketing and advertising 
     11  
     - 
  
    Professional fees 
     1,041  
     488 
  
    General and administrative expenses 
     768  
     820 
  
    Depreciation and amortization 
     22  
     - 
  
    Other operating expenses 
     59  
     (3)
  
    Total operating expenses 
     3,251  
     1,762 
  
    Interest income 
     4  
     - 
  
    Interest expense 
     (2,225) 
     (1,096)
  
    Gain on extinguishment of debt 
     591  
     - 
  
    Gain on troubled debt restructuring 
     4,483  
     - 
  
    Loss on debt to equity conversion 
     -  
     (1,321)
  
    Loss on equity method investment 
     (58) 
     - 
  
    Other income 
     39  
     - 
  
    Other expense 
     (27) 
     (6)
  
    Net loss 
    $(444) 
    $(4,185)

    F-22

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

8. FAIR VALUE MEASUREMENTS

Assets or liabilities measured at fair value on a
recurring basis were as follows as of December 31:

SCHEDULE OF ASSETS OR LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS 

    Description 
    Level 1  
    Level 2  
    Level 3 

    (Dollars in thousands) 
    2024 
  
    Description 
    Level 1  
    Level 2  
    Level 3 
  
    Mortgage loans held for sale 
    $-  
    $6,925  
    $- 
  
    Interest rate lock commitment derivative 
     -  
     -  
     18 

A roll forward of the level 3 valuation financial
instruments was as follows for the period October 8, 2024 through December 31:

SCHEDULE OF A ROLL FORWARD OF THE LEVEL 3 VALU