Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 54

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 common stock
issuable upon exercise of preferred stock, stock options, and warrants. Potentially dilutive securities are excluded from the
computation if their effect is anti-dilutive. There were no
anti-dilutive common shares included in the calculation of income (loss) per common share as of September 30, 2025 and December 31,
2024. As of September 30, 2025, there were 10.3
million shares of common stock equivalents that were antidilutive due to the Company’s net loss, including 4.1
million under preferred stock, 6.2
million under warrants and
de minimus stock options.

19.
RELATED PARTY TRANSACTIONS

Prior
to its acquisition by the Company, Beeline Financial issued a note to a private company in which Joseph Freedman, a Board member of the
Company, has an ownership interest. This note was for $0.1 million, accrues interest at 7% per annum and is due on demand. This note
was subsequently repaid in January 2025. Additionally in January 2025, Mr. Freedman purchased 238,418 shares of Series G Preferred Stock
and five-year Warrants to purchase a total of 11,921 shares of common stock for total gross proceeds of $0.1 million.

Beginnning
in June 2025, the Company has partnered with a related party entity which is co-owned and managed by the Company’s Chief
Executive Officer, Nicholas Liuzza, in certain residential real estate transactions funded through the sale of a cryptocurrency
token which is backed by real property. In these transactions, the related party entity purchases equity from homeowners seeking
liquidity, funding such purchases from the sale of the cryptocurrency token. The Company provides the related party entity with
certain services in connection with these transactions, specifically through providing access to its platform, and providing title
and escrow services through Beeline Title Holdings in exchange for cash fees. Other than providing title and escrow services as
noted above, the Company is not involved in any cryptocurrency or other transactions of the related party entity. During June 2025,
Beeline Title Holdings closed its first such residential real estate transaction funded through the sale of a cryptocurrency token
backed by real property. During the nine months ended September 30, 2025, the Company recorded $12,377
of revenue related to this transaction.

During
March 2025, Mr. Li