Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 13

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 2024. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements
included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Interim results are not necessarily
indicative of the results that may be expected for an entire fiscal year. All intercompany balances and transactions have been eliminated
on consolidation.

PRINCIPLES
OF CONSOLIDATION

The
consolidated financial statements include the consolidated accounts of the Company and its wholly-owned subsidiaries, Beeline Financial
Holdings, Inc., Beeline Title Holdings, Inc. (“Beeline Title Holdings”), Beeline Mortgage Holdings, Inc. (“Beeline
Mortgage”), Beeline Labs, Inc., and Beeline Loans Pty Ltd. (“Australian Subsidiary”). Intercompany transactions and
balances have been eliminated.

    8

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

Beeline
Title Holdings has four subsidiaries, Beeline Title, LLC (“Beeline Title”), Beeline Texas Title, LLC (“Beeline Texas
Title”), Beeline Settlement Services, LLC (“Beeline Settlement Services”), and Beeline Title Agency, LLC (“Beeline
Title Agency”). Beeline Mortgage Holdings has one subsidiary, Beeline Loans, Inc. (“Beeline Loans”).

As
of September 30, 2025, the Company had one majority-owned subsidiary, Nimble Title Holdings, Inc. (“Nimble Title
Holdings”), which is 50.1%
owned by the Company and 49.9%
owned by a former non-controlling stockholder of Beeline Financial. Nimble Title Holdings has four subsidiaries, Nimble Title, LLC
(“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”), Nimble Texas Title, LLC (“Nimble
Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”). The operating activities of Nimble Title Holdings was de minimis for the nine months ended September 30, 2025.

USE
OF ESTIMATES

Preparing
financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of
assets, liabilities, revenues, and expenses. Significant estimates and assumptions in these consolidated statements include: the fair
value of mortgage loans held for sale, valuation of investments, valuation of accounts receivable