Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 148

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 148
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23,673 |   |     | $    |  21,325 |   |
| Stock-based                  
 compensation                 |     |      |     896 |   |     |      |     895 |   |
| Total                        
 deferred tax assets          |     |      |  24,569 |   |     |      |  22,220 |   |
| Deferred                     
 tax liability                |     |      |         |   |     |      |         |   |
| Depreciation                 
 and amortization             |     |      |  (2,444 | ) |     |      |  (2,070 | ) |
| Total                        
 deferred tax liability       |     |      |  (2,444 | ) |     |      |  (2,070 | ) |
| Valuation                    
 Allowance                    |     |      | (22,125 | ) |     |      | (20,150 | ) |
| Net                          
 deferred tax assets          |     | $    |       - |   |     | $    |       - |   |

| F-22 |

<div align='center'>Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023</div>

As of December 31, 2023, the Company has a cumulative net operating loss carryforward (“NOL”) of approximately $74million, to offset against future income for federal and state tax purposes. These federal and state NOLs can be carried forward for 20and 15years, respectively. The federal NOLs begin to expire in 2034, and the state NOLs begin to expire in 2029. The utilization of the net operating loss carryforwards may be subject to substantial annual limitation due to ownership change provisions of the Internal Revenue Code of 1986 (as amended, the Internal Revenue Code) and similar state provisions. In general, if the Company experiences a greater than 50percentage aggregate change in ownership of certain significant stockholders over a three-year period (a “Section 382 ownership change”), utilization of its pre-change NOL carryforwards are subject to an annual limitation under Section 382 of the Internal Revenue Code (and similar state laws). The annual limitation generally is determined by multiplying the value of the Company’s stock at the time of such ownership change (subject to certain adjustments) by the applicable long-term tax-exempt rate. Such limitations may result in expiration of