Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 118

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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, 2025, the amount of right-of-use assets and lease liabilities were $0.9 million and $1.1 million, respectively. Lease
expense for operating leases is recognized on a straight-line basis over the lease term. Aggregate lease expense for the nine months
ended September 30, 2025 was $0.2 million.

    23

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

Maturities
of lease liabilities as of September 30, 2025 were as follows:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    (Dollars
    in thousands) 
    Operating
    Leases  
    Weighted-Average
    Remaining Term in Years 
  
    2025-Remainder of year 
    $71  

    2026 
     294  

    2027 
     301  

    2028 
     272  

    2029 
     242  

    Thereafter 
     249  

    Total
    lease payments 
     1,429  

    Less
    imputed interest (based on 10.0% weighted-average discount rate) 
     (308) 

    Present
    value of lease liability 
     1,121  
     3.68 
  
    Less
    current portion 
     178  

    Lease
    liabilities, net of current portion 
    $943 

15.
STOCKHOLDERS’ EQUITY

Issuance
of Common Stock

2025

On
March 12, 2025, the Company implemented a 1-for-10 reverse stock split of its common stock. All share and per share data in these consolidated
financial statements have been retrospectively adjusted to give effect to the stock split.

From
June 26, 2025 through June 30, 2025, certain holders of the Notes converted $1.0 million of their Notes into 747,221 shares of common
stock.

In
June 2025, the Company issued 10,000 shares of common stock in satisfaction of the former Chief Executive Officer’s employment
agreement which was recorded as stock issuable of $14,300 as of March 31, 2025.

In
February 2025, the Company issued 13