Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 184

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 184
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 without cause.                                                                                        |

| F-51 |

<div align='center'>BEELINE FINANCIAL HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

For the Years Ended December 31, 2023 and 2022</div>

| F-52 |

<div align='center'>BEELINE FINANCIAL HOLDINGS, INC.

December 31, 2023 and 2022

TABLE OF CONTENTS</div>

| Report of independent registered public accounting firm (PCAOB ID No. 106)                     
 Consolidated                                                                                   
 Balance Sheets as of December 31, 2023 and 2022                                                
 Consolidated                                                                                   
 Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2023 and 2022 |     | Page 
 F-54 
 F-56 
 F-57 |
|:-----------------------------------------------------------------------------------------------|:----|:-----|
| Consolidated                                                                                   
 Statements of Stockholders’ Equity (Deficit) for the Years Ended December 31, 2023 and 2022    |     | F-58 |
| Consolidated                                                                                   
 Statements of Cash Flows for the Years Ended December 31, 2023 and 2022                        |     | F-59 |
| Notes                                                                                          
 to the Consolidated Financial Statements                                                       |     | F-60 |

| F-53 |

<div align='center'>Report of Independent Registered Public Accounting Firm</div>

To the Stockholders and the Board of Directors of:

Beeline Financial Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Beeline Financial Holdings, Inc. (the “Company”) as of December 31, 2023 and 2022, the related consolidated statements of operations and comprehensive income (loss), changes in stockholders’ equity (deficit) and cash flows, for each of the two years in the period ended December 31, 2023 and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2023 and 2022, and the consolidated results of its operations and its cash flows for each of the two years in the period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Restatement

As discussed in Note