Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 148

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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) 

    Gain
    on sale of loans, net 
    $                   1,671  
    $                 3,598 
  
    Loan
    origination fees 
     302  
     638 
  
    Interest
    income (expense) 

    Interest
    income 
     90  
     232 
  
    Interest
    expense 
     (112) 
     (241)
  
    Interest
    income (expense), net 
     (22) 
     (9)
  
    Other
    revenues 
     2  
     12 
  
    Total
    net revenues 
     1,953  
     4,239 
  
    Compensation,
    commissions and benefits 
     948  
     2,737 
  
    General
    and administrative expenses 
     112  
     471 
  
    Depreciation
    and amortization 
     805  
     2,412 
  
    Marketing
    and advertising 
     700  
     1,889 
  
    Other
    operating expenses 
     637  
     1,536 
  
    Total
    operating expenses 
     3,202  
     9,045 
  
    Loss
    from operations 
     (1,249) 
     (4,806)
  
    Interest expense 
     (17) 
     (37)

    Gain on extinguishment of debt 
     34 
     34
  
    Net
    loss 
    $(1,232) 
    $(4,809)

For
the three and nine months ended September 30, 2025, Beeline Loans originated $43.3 million and $98.2 million in residential mortgage
loans, respectively; reported net revenues of $2.0 million and $4.2 million, respectively; and reported a net loss of $1.2 million and
$4.8 million, respectively.

39

Gain
on sale of loans, net. Gain on sale of loans, net consists of all components related to the origination and sale of mortgage
loans, including (1) net gain on sale of loans, which represents the premium we receive in excess of the loan principal amount and certain
fees charged by investors upon sale of loans into the secondary market, (2) loan origination fees, credits