Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 228

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 228
---
 Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which such shares of Preferred Stock are convertible immediately prior to such Fundamental Transaction.

| F-80 |

<div align='center'>Beeline Financial Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2023 and 2022</div>

NOTE 15 – RESTATEMENT OF FINANCIALS

Restatement of Financials

The Company has restated its consolidated financial statements for certain errors. In addition, a 10 for 1 forward stock split was retrospectively applied to the restated consolidated financial statements. This retrospective application is not considered a restatement. Below is a reconciliation from the previously reported consolidated financial statements to the restated amounts in the accompanying consolidated financial statements.

The previously reported amounts were included in a Form 8-K filed on November 21, 2024 of Eastside Distilling, Inc., who acquired the Company on October 7, 2024.

Schedule of Error Corrections and Prior Period Adjustments

<div align='center'>BEELINE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS</div>

|                                                                  |     | As                   
 previously reported  
 As                   
 of December 31, 2023 |             |   |     | Restatement 
 adjustment  |          |   |     | As       
 restated |             |   |
|:-----------------------------------------------------------------|:----|:---------------------|------------:|:--|:----|:------------|---------:|:--|:----|:---------|------------:|:--|
|                                                                  |     | As                   
 previously reported  |             |   |     | Restatement 
 adjustment  |          |   |     | As       
 restated |             |   |
| Assets                                                           |     |                      |             |   |     |             |          |   |     |          |             |   |
| Current Assets                                                   |     |                      |             |   |     |             |          |   |     |          |             |   |
| Cash and cash equivalents                                        |     | $                    |     190,357 |   |     | $           | (187,006 | ) |     | $        |       3,351 |   |
| Restricted cash                                                  |     |                      |           - |   |     |             |  187,006 |   |     |          |