Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 74

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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ollars
    in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Net
    loss 
    $(3,962) 
    $(1,359) 
    $(15,029) 
    $(4,140)
  
    Interest
    expense 
     69  
     409  
     2,346  
     965 
  
    Depreciation
    and amortization 
     831  
     -  
     2,487  
     - 
  
    Loss
    on extinguishment of debt 
     685  
     -  
     610  
     - 
  
    Net
    loss from discontinued operations 
     383  
     513  
     745  
     2,028 
  
    Stock-based
    compensation expense 
     -  
     40  
     130  
     172 
  
    Merger-related
    expenses (1) 
     -  
     -  
     321  
     - 
  
    Adjusted
    EBITDA 
    $(1,994) 
    $(397) 
    $(8,390) 
    $(975)

    (1)
    Merger-related
    expenses include the costs related to the stockholder meeting on March 7, 2025 to approve the name changing to Beeline Holdings,
    Inc. and to approve the Series F and F-1 Preferred Stock (shares received in the merger) to convert to common shares, as well as
    costs related to the Nasdaq initial listing.

Capital
Resources and Liquidity

Statements
of Cash Flows. For 2025, our primary capital requirements have been for cash used in operating activities and for the repayment
of debt. Funds for our cash and liquidity needs have historically not been generated from operations but rather from short-term credit
in the form of extended payment terms from suppliers as well as proceeds from loans and the sale of convertible debt and equity. We have
been dependent on raising capital from debt and equity financing to meet our operating needs.

For
the nine months ended September 30, 2025 and 2024, net cash used in operating activities of continuing operations increased to $12.1
million from $1.3 million primarily due to the inclusion of Beeline’s net