Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 17

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 recorded as a reduction to the provision for credit losses.

BUSINESS
COMBINATION

The
Company accounts for business combinations in accordance with ASC 805, Business Combinations. Under this guidance, the Company
allocates the purchase price of an acquired business to the identifiable assets acquired and liabilities assumed at their estimated fair
values as of the acquisition date. The excess of the purchase price over the estimated fair value of net assets acquired is recorded
as goodwill.

Goodwill
represents the excess purchase price over the fair value of the tangible net assets and intangible assets acquired in the business combination.
The increases or decreases in the fair value of the Company’s assets and liabilities can result from changes in fair values as
of the acquisition date as determined during the one-year measurement period under ASC 805.

GOODWILL

Goodwill
is the excess of the purchase price over the estimated fair value of identifiable net assets acquired in business combinations. The Company
tests goodwill for impairment annually in the fourth quarter, or more frequently when indications of potential impairment exist. The
Company monitors the existence of potential impairment indicators throughout the fiscal year. The Company may elect to perform either
a qualitative test or a quantitative test to determine if it is more likely than not that the carrying value of a reporting unit exceeds
its estimated fair value. Fair value reflects the price a market participant would be willing to pay in a potential sale of the reporting
unit. If the estimated fair value of the Company exceeds its carrying value, then the Company concludes the goodwill is not impaired.
If the carrying value of the Company exceeds its estimated fair value, the Company recognizes an impairment loss in an amount equal to
the excess, not to exceed the amount of goodwill. Based on the Company’s impairment analysis, management determined that goodwill
was not impaired for the nine months ended September 30, 2025.

    11

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

INTANGIBLE
ASSETS

The
Company accounts for certain finite-lived intangible assets at amortized cost and other certain indefinite-lived intangible assets at
cost. Management reviews all intangible assets for probable impairment whenever events or circumstances indicate that the carrying amount
of such assets may not be recoverable. If there is an indication of impairment, management would prepare an estimate of future cash flows
(undiscounted and without interest charges) expected to result from the use of the asset and its eventual