Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 42

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628 shares.

In
February and March of 2025 Mr. Liuzza advanced the Company $0.1 million. In exchange for these advances, on April 25, 2025, the Board
of Directors approved the advances as loans, and the Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8%
per annum and is payable on demand. On May 29, 2025, the Company amended the note to $0.4 million. As of June 30, 2025, the balance of
the note was $0.4 million.

Jessica
Kennedy, Beeline Financial’s Chief Operating Officer, owns a 5% interest in Tower Title, which is a vendor to certain subsidiaries
of the Company. During the six months ended June 30, 2025, the Company had transactions of $2,759 with Tower Title.

Beeline
Loans partnered with CredEvolv on February 26, 2025 to help declined borrowers improve their credit and secure mortgage approval. Steve
Romano is co-founder and President of CredEvolv. Beeline Financial engaged Mr. Romano to provide certain consulting services pursuant
to an agreement dated July 29, 2024 to continue until terminated by written notice. As of June 30, 2025, the Company had accrued $42,500
for prior consulting services. Mr. Romano serves on the Company’s Board of Directors.

Beeline
Loans is a member of The Mortgage Collaborative, which is an industry trade group founded by David Kittle. Beeline Loans pays membership
fees to The Mortgage Collaborative. Mr. Kittle was appointed as Special Advisor to the Company and Board of Directors on March 12, 2025.

20.
SUBSEQUENT EVENTS

Notes
Payable

The
Company repaid a lender $0.3 million in principal and interest.

Subsequent
to June 30, 2025, the Company repaid BDCRI $0.1
million in principal and interest.

    30

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

June 30, 2025

(Unaudited)

Notes Payable, Related Parties

Subsequent to June 30, 2025, the Company repaid $0.3
million