Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 134

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 tripling its prior $5.0 million line to $15.0 million and adding two new $5.0 million lines with new lenders, see
Note 20 – Subsequent Events.

The
Company sold its mortgage loans to six investors for the nine months ended September 30, 2025.

Escrows
Payable

As
a service to its clients, the Company administers escrow deposits representing undisbursed amounts received for payment of settlement
and title services. Escrow deposits held by the Company was $1.1 million as of September 30, 2025. These amounts are not considered assets
of the Company and, therefore, are excluded from the consolidated balance sheets. The Company remains contingently liable for the disposition
of these deposits.

18.
NET INCOME (LOSS) PER COMMON SHARE

Basic
income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding
during the period, without considering any dilutive items. Potentially dilutive securities consist of the incremental common stock
issuable upon exercise of preferred stock, stock options, and warrants. Potentially dilutive securities are excluded from the
computation if their effect is anti-dilutive. There were no
anti-dilutive common shares included in the calculation of income (loss) per common share as of September 30, 2025 and December 31,
2024. As of September 30, 2025, there were 10.3
million shares of common stock equivalents that were antidilutive due to the Company’s net loss, including 4.1
million under preferred stock, 6.2
million under warrants and
de minimus stock options.

19.
RELATED PARTY TRANSACTIONS

Prior
to its acquisition by the Company, Beeline Financial issued a note to a private company in which Joseph Freedman, a Board member of the
Company, has an ownership interest. This note was for $0.1 million, accrues interest at 7% per annum and is due on demand. This note
was subsequently repaid in January 2025. Additionally in January 2025, Mr. Freedman purchased 238,418 shares of Series G Preferred Stock
and five-year Warrants to purchase a total of 11,921 shares of common stock for total gross proceeds of $0.1 million.

Beginnning
in June 2025, the Company has partnered with a related party