Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 97

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 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 disposition. If these estimated
cash flows were less than the carrying amount of the asset, an impairment loss would be recognized to write down the asset to its estimated
fair value.

PROPERTY
AND EQUIPMENT, NET

Property
and equipment, including leasehold improvements and internal-use software, are recorded at cost, and are depreciated or amortized using
the straight-line method over the estimated useful lives of the related assets, which range from three3 to five years. Repair and maintenance
costs are expensed as incurred. Leasehold improvements are amortized over the shorter of the lease term or the improvement’s estimated
useful life. Depreciation is not recorded on projects-in-process until the project is complete and the associated assets are placed into
service or are ready for the intended use. Impairment of property and equipment than the internal-use software is evaluated under ASC
360, Property, Plant, and Equipment.

Under
ASC 350-40, Internal-Use Software, the Company capitalizes certain qualifying costs incurred during the application development
stage in connection with the development of internal-use software. Costs related to preliminary project activities are expensed as incurred
and post-implementation activities will be expensed as incurred. Capitalized software costs are amortized over the useful life of the
software, which is five years. Impairment of internal-use software is evaluated under ASC 350-40-35, Subsequent Measurement, on