Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 178

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 178
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 $(2.09) 
    $(22.84)

For
the three and nine months ended September 30, 2025, net loss from continuing operations increased to $3.6 million and $14.3 million,
respectively, from $0.8 million and $2.1 million for the three and nine months ended September 30, 2024, respectively, reflecting the
inclusion of Beeline’s results of operations for 2025.

Interest
Expense. Interest expense, exclusive of the warehouse line of credit, was $0.1 million and $2.3 million for the three and nine
months ended September 30, 2025, respectively, and $0.4 million and $1.0 million for the three and nine months ended September 30, 2024,
respectively, primarily related to interest on debt and the amortization of debt and warrant related expenses.

Preferred
stock dividends. Preferred stock dividends were $37,500 and $0.1 million for each of the three and nine months ended September
30, 2025 and 2024, respectively, representing the Series B preferred stock dividend of 6% per annum.

Deemed
dividend - preferred stock Series G and warrant price protection. On March 25, 2025, the Company sold shares under the ELOC Agreement
at $1.67 per share, which was less than the Series G Preferred Stock original conversion price of $5.10 per share, resulting in the reduction
of the conversion price of the Series G Preferred Stock to $1.67 per share as a result of the price protection adjustment related to
the conversion of the Series G Preferred Stock. Additionally, the Warrants issued in the Series G Preferred Stock offering had their
exercise price reduced to $1.67 and resulted in an increase in common shares issuable upon exercise of 1,774,986 under the full price
protection adjustment of the Warrants. On June 16, 2025, the Company sold shares under the ELOC Agreement at $0.66 per share, which was
less than the exercise price of the Warrants adjusted in March 2025, resulting in the reduction of the exercise price of the warrants
to $0.66 per share and an increase in common shares issuable upon exercise of 3,655,482 under the full price protection adjustment of
the Warrants. The Company recorded a deemed dividend related to the price protection of $0 and