Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 18

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 18
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 fair value or par value of the mortgage loans collateralizing the advance, depending
upon the type of mortgage loan. Should the fair value of the pledged mortgage loans decline, the warehouse provider may require the Company
to provide additional cash collateral or mortgage loans to maintain the required collateral level under the relevant warehouse line. The
Company did not incur any significant issuance costs related to its warehouse lines of credit. Presently Beeline’s warehouse line
of credit has a $5 million limit. As loans are closed, Beeline sells the note and mortgage and reduces the balance on its warehouse line.
Beeline is working towards increases to this amount, but no assurance can be given that an increase will occur.

Spirits Overview and History

Spirits commenced its operations in 2014,
focusing on manufacturing and marketing of both its own products and third-party products. Over the past decade, Spirits has diversified
its business by developing a canning and can printing operation targeting the craft beer industry in the Pacific Northwest.

Since 2014, Spirits has developed or acquired
award-winning spirits while evolving to meet the growing demand for quality products and services associated within the burgeoning
craft and premium beverage trade. Spirits’ portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey
family, Portland Potato Vodka, Hue-Hue Coffee Rum, and Azuñia Tequilas

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    Burnside Whiskey
    Family – The Burnside Whiskey Family celebrates the unique attributes of the native Oregon Oak tree (Quercus garryana).
    The unique complexity of each distinct whiskey comes from blending Oregon Oak barrels of differing sizes, char levels, and
    ages.

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    Portland Potato Vodka – Our award-winning premium craft vodka is distilled four times to ensure a smooth finish. While most vodka is made from grain, we source award winning premium potato ethanol and blend it with pristine water sourced from Oregon.

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    Hue-Hue (pronounced “way-way”) Coffee Rum – Premium silver rum is blended with concentrated cold-brewed coffee and a small amount of Demerara sugar. We source fair-trade, single-origin Arabica coffee beans from the Finca El Paternal Estate in Huehuetenango, Guatemala that are lightly roasted for us by Portland Coffee Roasters.

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    ●
    Azuñia Tequilas – Smooth, clean, additive-free tequilas crafted by Rancho Miravalle, a second generation, family-owned-and