Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 132

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 132
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 loss                                          |                        | $ | (2,749 | ) |     | $ | (4,249 | ) |

5.Business Segment Information

The Company’s internal management financial reporting consists of Eastside spirits and corporate. The spirits brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila and are sold on a wholesale basis to distributors in open states, and to brokers in control states. The Company’s principal area of operation is in the U.S. It has one spirits customer that represents 19% of its revenue. Corporate consists of key executive and accounting personnel and corporate expenses such as public company and board costs, as well as interest on debt.

The measure of profitability reviewed are condensed statements of operations and gross margins. These business segments reflect how operations are managed, operating performance is evaluated and the structure of internal financial reporting. Total asset information by segment is not provided to, or reviewed by, the chief operating decision maker (“CODM”) as it is not used to make strategic decisions, allocate resources or assess performance. The accounting policies of the segments are the same as those described for the Company in the Summary of Significant Accounting Policies in Note 3.

| F-16 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023

Segment information was as follows for the years ended December 31:

Schedule of Segment Information

| (Dollars                                   
 in thousands)                              
 Spirits                                    |     | 2023 |        |   |     | 2022 |        |   |
|:-------------------------------------------|:----|:-----|-------:|:--|:----|:-----|-------:|:--|
| Sales                                      |     | $    |  3,981 |   |     | $    |  8,701 |   |
| Net                                        
 sales                                      |     |      |  3,787 |   |     |      |  8,357 |   |
| Cost                                       
 of sales                                   |     |      |  2,609 |   |     |      |  5,101 |   |
| Gross                                      
 profit                                     |     |      |  1,178 |   |     |      |  3,256 |   |
| Total                                      
 operating expenses                         |     |      |  1,476 |   |     |      |  2,532 |   |
| Net                                        
 loss