Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 27

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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     2,012 
  
    Intangible
    assets, net 
     822 
  
    Right-of-use
    assets 
     372 
  
    Property
    and equipment, net 
     95 
  
    Other
    assets, net 
     180 
  
    Total
    Assets 
    $3,481 

    Liabilities 

    Current
    liabilities: 

    Accounts
    payable 
    $136 
  
    Accrued
    liabilities 
     170 
  
    Current
    portion of lease liabilities 
     186 
  
    Total
    current liabilities 
     492 
  
    Lease
    liabilities, net of current portion 
     163 
  
    Total
    liabilities 
    $655 

Income
and expense related to Bridgetown Spirits and the spirits segment were as follows for the nine months ended September 30, 2025 and 2024:

    (Dollars
    in thousands) 
    2025  
    2024 

    Net
    sales, spirits 
    $1,143  
    $1,977 
  
    Cost
    of sales, spirits (inclusive of depreciation) 
     956  
     1,476 
  
    Salaries
    and benefits 
     348  
     444 
  
    Marketing
    and advertising 
     286  
     254 
  
    Total
    operating expenses 
     1,590  
     2,174 
  
    Loss
    from operations 
     (447) 
     (197)
  
    Other income 
     995  
     35 
  
    Net income (loss) from discontinued operations 
     548  
     (162)
  
    Loss from disposal of discontinued operations					 
     (1,293) 
     - 
  
    Net
    loss 
    $(745) 
    $(162)

There
was a 47%
non-controlling interest in Bridgetown Spirits prior to the disposal date. All of the net loss attributable to non-controlling interests in the consolidated
statements of operations is related to Bridgetown Spirits.

    17

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

5.
BUSINESS SEGMENTS

The
Company’s CODM, the Chief