Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 177

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 177
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, as the prior year reflects
the performance of only the corporate segment.

Certain
prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on
the reported results of operations or cash flows. As a result of the merger, the statement of operations for the three and nine months
ended September 30, 2024 represents the new structure and retrospectively reclassifies discontinued operations.

As
a result of the Merger, the Company will amortize $15.2 million over a five-year period ending October 2029 and $0.4
million over a four-year period ending October 2028. This Merger-related amortization is $0.8 million each quarter and is non-cash.

Given
these structural changes, management believes that segment-level reporting provides a more meaningful basis for evaluating performance.
Accordingly, a comparative analysis of the Company’s operating segments is presented below, which more accurately reflects the
ongoing composition of the business.

37

Three
and Nine Months Ended September 30, 2025 Compared to the Three and Nine Months Ended September 30, 2024

Consolidated
Results

    Three
                                            Months Ended
                                                                  September
                                            30,  
    Nine
                                            Months Ended
                                                                  September
                                            30, 
  
    (Dollars
    in thousands, except per share amounts) 
    2025  
    2024  
    2025  
    2024 
  
    Revenues 

    Beeline
    Loans 
    $1,953  
    $-  
    $4,239  
    $- 
  
    Beeline
    Title 
     391  
     -  
     1,172  
     - 
  
    Total
    net revenues 
    $2,344  
    $-  
    $5,411  
    $- 

    Net
    loss from continuing operations 
    $(3,579) 
    $(846) 
    $(14,284) 
    $(2,112)
  
    Net
    loss 
    $(3,962) 
    $(1,359) 
    $(15,029) 
    $(4,140)
  
    Basic
    and diluted net loss per common share available to common stockholders 
    $(0.20) 
    $(6.60)