Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 17

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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angible 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 seven
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
a qualitative basis and if indicators exist, then a quantitative analysis is performed under ASC 360.

FAIR
VALUE MEASUREMENTS

Fair
value is the price that would be received if an asset were sold or the price that would be paid to transfer a liability in an orderly
transaction between willing market participants at the measurement date. Required disclosures include classification of fair value measurements
within a three-level hierarchy (Level 1, Level 2, and Level 3). Classification of a fair value measurement within the hierarchy is dependent
on the classification and significance of the inputs used to determine the fair value measurement. Observable inputs are those that are
observed, implied from, or corroborated with externally available market information