Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 79

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 owns 53% of Bridgetown Spirits as of March 31, 2025.

2.
GOING CONCERN, LIQUIDITY, AND MANAGEMENT’S PLANS

These
consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates
the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business. The Company is subject
to a number of risks common to emerging companies stemming from, among other things, a limited operating history, rapid technological
change, uncertainty of market acceptance and products, uncertainty of regulatory approval, competition from substitute products and larger
companies, the need to obtain additional financing, compliance with government regulation, protection of proprietary technology, interest
rate fluctuations, product liability, and the dependence on key individuals. The Company has incurred recurring losses and negative cash
flows from operations since its inception, has a working capital deficit as of March 31, 2025 and is dependent on debt and equity financing.
These factors raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following
the issuance of these financial statements. The consolidated financial statements do not include any adjustments to the carrying amounts
and classification of assets, liabilities, and reported expenses that may be necessary if assumes Company were unable to continue as
a going concern.

Management
believes that its available funds and cash flow from operations may not be sufficient to meet working capital requirements for the twelve
months subsequent to the issuance of the financial statements. In order to accomplish its business plan objectives, the Company will
need to either increase revenues or raise capital by the issuance of debt and/or equity.

Management
believes that it will be successful in obtaining additional financing based on its limited history of raising funds; however, there can
be no assurances that our business plans and actions will be successful, that we will generate anticipated revenues, or that unforeseen
circumstances will not require additional funding sources in the future or effectuate plans to conserve liquidity. Future efforts to
raise additional funds may not be successful or they may not be available on acceptable terms, if at all.

    7

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

3.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS
OF PRESENTATION

These
financial statements have been prepared on the accrual basis of accounting in accordance with