Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 229

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 229
---
                         |     150,000 |   |     | $    |           - |   |
| Convertible note issued for accrued interest                                         |     | $                         |      10,000 |   |     | $    |           - |   |

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet that sum to the same such amounts shown in the consolidated statement of cash flows:

|                                                     |     | September 30, 
 2024          |    2024 |     | 2023 |    2023 |
|:----------------------------------------------------|:----|:--------------|--------:|:----|:-----|--------:|
| Cash and cash equivalents                           |     | $             | 102,672 |     | $    |       - |
| Restricted cash                                     |     |               |  91,041 |     |      | 186,975 |
| Total cash and cash equivalents and restricted cash |     | $             | 193,713 |     | $    | 186,975 |

<div align='center'>The accompanying notes are an integral part of these unaudited consolidated financial statements.</div>

| F-90 |

<div align='center'>BEELINE FINANCIAL HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

September 30, 2024

(Unaudited)</div>

NOTE 1 - NATURE OF BUSINESS

Description of Business

Beeline Financial Holdings, Inc. (the “Company,” and together with its consolidated subsidiaries, “Beeline,” “we”, “us”, “our”) was incorporated in Delaware on July 1, 2020, via a merger with Beeline Financial Holdings, Inc, a Rhode Island corporation founded on September 20, 2018. Beeline is a full service Direct-to-Consumer lender specializing in conventional conforming and non-conforming residential first-lien mortgages.

The consolidated financial statements include the consolidated accounts of Beeline Financial Holdings, Inc. and its wholly-owned subsidiaries, Beeline Title Holdings, Inc. (“Beeline Title Holdings”), and Beeline Loans Pty Ltd. (“Australian Subsidiary”). Beeline Title Holdings has five subsidiaries, Beeline Title, LLC (“Beeline Title”), Beeline Texas Title, LLC (“Beeline Texas Title”), Beeline Settlement Services, LLC (“Beeline Settlement Services”), and Beeline Title Agency, LLC (“Beeline Title Agency”). Beeline Mortgage Holdings has one subsidiary