Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 24

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 24
---
 June 30, 2025  
    December 31, 2024 
  
    Chief Executive Officer 
    $366  
    $737 
  
    Board member 
     -  
     87 
  
    Total 
     366  
     824 
  
    Accrued interest 
     10  
     67 
  
    Total notes payable, related parties 
    $376  
    $891 

In
February and March of 2025, Mr. Liuzza advanced the Company a total of $122,241 which the Company used for working capital and general
corporate purposes. 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 note was amended to $0.4 million. On December 31, 2024, Nicholas Liuzza, the Company’s Chief Executive Officer, loaned $0.7
million to Beeline Loans in exchange for a demand promissory note, which accrues interest at the rate of 8% per annum and is payable
within 15 days of a demand notice made by Mr. Liuzza. The funds were held in a restricted account to permit Beeline Loans to improve
its ability to make real estate loans. On February 17, 2025, he converted the $0.7 million bridge loan into $0.7 million of units comprised
of 1,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628 shares.

In
July 2023, Beeline Financial issued a note to a private company in which Joseph Freedman, a Board member of the Company and Beeline Financial,
has an ownership interest. This note was for $0.1 million and accrued interest at 7% per annum and is due on demand. This note was subsequently
repaid in January 2025.

13.
SECURED CREDIT FACILITIES

Secured
credit facilities consisted of the following:

 SCHEDULE OF SECURED CREDIT FACILITIES

    (Dollars in thousands) 
    June 30, 2025  
    December 31, 2024 
  
    Purchase agreement 
    $-