Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 396

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 396
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 a lender to repay the note payable that became past due on June 21, 2024, see Note 25 –
Subsequent Events. This balance is not included in the 2023 consolidated balance sheet due to the Merger closing October 7, 2024,
see Note 4 – Merger.

15. NOTES PAYABLE – RELATED PARTIES

Notes payable, related parties consisted of the following
as of December 31:

SCHEDULE OF NOTES PAYABLE RELATED
PARTIES

    (Dollars in thousands) 
    2024 
     
    2023

    Chief Executive Officer 
    $737 
     
    $
     -

    LDI promissory note 
     - 

    -

    Board member 
     87 

    92

    Total 
     824 

    92

    Accrued interest 
     67 

    -

    Total notes payable, related parties 
    $891 
     
    $
    92

    F-25

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

On December 31, 2024, Nicholas Liuzza, the 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 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. Subsequent to December 31, 2024, the promissory note was converted to preferred equity,
see Note 25 – Subsequent Events.

On October 30, 2024, the Company entered into a promissory
note with LDI for $0.3 million. A balloon payment of the entire outstanding principal balance of the indebtedness together with all accrued
interest was due and paid in full on November 24, 2024 of $0.5 million.

In July 2023, the Company issued a note to a private company in
which Joseph Freedman, a Board member of the Company, 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, see Note