Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 636

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 636
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 the period, without
considering any dilutive items. Potentially dilutive securities consist of the incremental common stock issuable upon exercise of
preferred stock, stock options, and warrants. Potentially dilutive securities are excluded from the computation if
their effect is anti-dilutive. There were no
anti-dilutive common shares included in the calculation of income (loss) per common share as of December 31, 2024 and 2023. As of
December 31, 2024, there were 8.5
million shares of common stock equivalents that were antidilutive due to the Company’s net loss.

24. RELATED PARTY TRANSACTIONS

The Company issued a note to a private company in
which Joseph Freedman, a Board member of the Company, has an ownership interest. This note was for $0.1 million, accrues interest at 7%
per annum and is due on demand. This note was subsequently repaid in January 2025.

Aegis Security Insurance Company

On October 7, 2022, the Company entered into a Note
Purchase Agreement with Aegis. Pursuant to the Note Purchase Agreement, Aegis purchased from the Company a secured promissory note in
the principal amount of $4.5 million (the “Aegis Note”). $3.3 million of the purchase price was paid to TQLA, LLC to satisfy
a Note purchased from TQLA earlier in 2022. See Note 19 Stockholders’ Equity: 2023 Debt Satisfaction Agreement. Patrick Kilkenny is the principal
owner of Aegis. TQLA LLC is owned by Stephanie Kilkenny, a member of the Company’s Board of Directors, and her husband, Patrick
Kilkenny.

LD Investments LLC and Aegis Security Insurance
Company

On September 29, 2023, the Company entered into a
Secured Promissory Note with LDI in the principal amount of $1.4 million, representing advances made by LDI to the Company between December
2022 and August 2023. Patrick Kilkenny is the principal owner of LDI. Patrick Kilkenny is the spouse of Stephanie Kilkenny, a member of
the Company’s Board of Directors.

On September 29, 2023, the Company entered into the
DSA with LDI, Aegis Security Insurance Company (of which Patrick Kilkenny is the principal owned) and other creditors. See Note 19