Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1079

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1079
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2023 
  
    Beeline (October
    8, 2024 through December 31, 2024) 
    $1,195  
    $- 
  
    Bridgetown Spirits 
     2,577  
     3,787 
  
    Total Revenues 
     3,772  
     3,787 

     Beeline 
    $(1,954) 
    $- 
  
    Bridgetown Spirits 
     (3,840) 
     (601)
  
    Corporate 
     (444) 
     (4,185)
  
    Total loss from continuing operations 
    $(6,238) 
    $(4,786)

Beeline
(October 8, 2024 through December 31, 2024)

    (Dollars in thousands) 
    2024 
  
    Gain on sale of loans, net 
    $757 
  
    Title fees 
     277 
  
    Loan origination fees 
     214 
  
    Interest income 
     86 
  
    Interest expense 
     (141)
  
    Data and tech services 
     2 
  
    Total net revenues 
     1,195 
  
    Salaries and benefits 
     1,242 
  
    Marketing and advertising 
     423 
  
    Professional fees 
     24 
  
    General and administrative expenses 
     232 
  
    Depreciation and amortization 
     736 
  
    Other operating expenses 
     477 
  
    Total operating expenses 
     3,134 
  
    Loss from operations 
     (1,939)
  
    Interest expense 
     (11)
  
    Other expense 
     (4)
  
    Net loss 
    $(1,954)

50

For
the period October 8, 2024 through December 31, 2024, Beeline originated $57 million in residential mortgage loans and reported a
net loss of $2.0 million.

Gain
on sale of loans, net. Gain on sale of loans, net consists of all components related to the origination and sale of mortgage
loans, including (1) net gain on sale of loans, which represents the premium we receive in excess of the loan principal amount and
certain fees charged by investors upon sale of loans into the secondary market, (2) loan origination fees, credits,