Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 161

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 161
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 | ) |
| Total                                 
 operating expenses                    |               |   |  2,205 |   |     |   |  2,013 |   |
| Loss                                  
 from operations                       |               |   | (1,869 | ) |     |   | (1,833 | ) |
| Other                                 
 income (expense), net                 |               |   |        |   |     |   |        |   |
| Interest                              
 expense                               |               |   |      - |   |     |   |    (12 | ) |
| Other                                 
 income                                |               |   |      3 |   |     |   |     33 |   |
| Total                                 
 other income, net                     |               |   |      3 |   |     |   |     21 |   |
| Loss                                  
 before income taxes                   |               |   | (1,866 | ) |     |   | (1,812 | ) |
| Provision                             
 for income taxes                      |               |   |      - |   |     |   |      - |   |
| Net                                   
 loss                                  |               | $ | (1,866 | ) |     | $ | (1,812 | ) |

| F-38 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2024

(Unaudited)

5. Business Segment Information

As of September 30, 2024, the Company’s internal management financial reporting consisted of Bridgetown and corporate. The Bridgetown brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila and are sold on a wholesale basis to distributors in open states, and to brokers in control states. The Company’s principal area of operation is in the U.S. It has one Bridgetown customer that represents 67% of its revenue. Corporate consists of key executive and accounting personnel and corporate expenses such as public company and board costs, as well as interest on debt.

The measure of profitability reviewed are condensed statements of operations and gross margins. These business segments reflect how operations are managed, operating performance is evaluated and the structure of internal financial reporting. Total asset information by segment is not provided to, or reviewed by, the chief operating decision maker (“CODM”) as it is not used to make strategic decisions, allocate resources or assess performance. The accounting policies of the segments are the same as those described for the