Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 9

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
 stock Series G 
    $700  
    $- 
  
    Conversion of preferred
    shares 
    $6  
    $- 
  
    Deemed
    dividend - Preferred stock Series G and warrant price protection 
    $6,766  
    $- 
  
    Secured
    credit facilities converted to common shares 
    $986  
    $- 
  
    Series A Preferred Stock issued in exchange for Series F/F-1 Preferred
Stock 
    $1  
    $- 
  
    Dividends issued 
    $-  
    $150 
  
    Warrants issued in relation to debt issuance 
    $-  
    $329 

The
following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet
that sum to the same such amounts shown in the consolidated statement of cash flows:

    2025  
    2024 
  
    Cash
    and cash equivalents 
    $1,295  
    $- 
  
    Restricted
    cash 
     45  
     - 
  
     Total
    cash and cash equivalents and restricted cash 
    $1,340  
    $- 

The
accompanying notes are an integral part of these unaudited consolidated financial statements.

6

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

1.
NATURE OF BUSINESS

Beeline
Holdings, Inc. (the “Company”) was incorporated under the laws of Nevada in 2004. On March 12, 2025, the Company changed
its name from Eastside Distilling, Inc.

Merger

On
September 4, 2024, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger”) with Bridgetown
Spirits Corp. (“Bridgetown Spirits”) and Beeline Financial Holdings, Inc. (“Beeline Financial”), a Delaware corporation.
The Merger closed on October 7, 2024 and Beeline Financial became a wholly-owned subsidiary of the Company.

Beeline
Financial was incorporated in Delaware on July 1, 2020 and is the successor to a Rhode Island corporation organized in 2018. Beeline
Financial is an Artificial Intelligence (“AI”)-driven fintech mortgage lender that develops proprietary software in the form
of major