Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 171

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 171
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’s business of manufacturing and marketing spirits to Bridgetown Spirits. On July 25, 2025, the
Company disposed of its 53% interest in Bridgetown Spirits in exchange for the satisfaction of debt and as a result Bridgetown Spirits
is no longer a subsidiary of the Company.

Upon
completion of the debt exchange agreements, the Company was no longer involved in the business of spirits, and digital printing and mobile
canning. The Company reports discontinued operations by applying the following criteria in accordance with ASC 205-20, Presentation
of Financial Statements – Discontinued Operations: (1) Component of an entity; (2) Held for sale criteria; and (3) Strategic
shift. Given that the effect of the debt exchange agreements meet all the criteria for classification of held for sale, the assets and
liabilities of Bridgetown Spirits and Craft C+P were disposed of on July 25, 2025 and October 7, 2024, respectively. The assets and liabilities
of Bridgetown Spirits have been classified as held for sale as of December 31, 2024. The operating results of Bridgetown Spirits and
the spirits segment have been classified as discontinued operations for the three and nine months ended September 30, 2025 and 2024.
The operating results of Craft C+P have been classified as discontinued operations during the three and nine months ended September 30,
2024.

The
consolidated financial statements include the consolidated accounts of the Company and its wholly-owned subsidiaries, Beeline Financial
Holdings, Inc. (“Beeline Financial”), Beeline Title Holdings, Inc. (“Beeline Title Holdings”), Beeline Mortgage
Holdings, Inc. (“Beeline Mortgage”), Beeline Labs, Inc., and Beeline Loans Pty Ltd. (“Australian Subsidiary”).

Beeline
Title Holdings has four subsidiaries, Beeline Title, LLC (“Beeline Title”), Beeline Texas Title, LLC (“Beeline Texas
Title”), Beeline Settlement Services, LLC (“Beeline Settlement Services”), and Beeline Title Agency, LLC (“Beeline
Title Agency”). Beeline Mortgage Holdings has one subsidiary, Beeline Loans, Inc. (“Beeline Loans”).

The
Company has one majority-owned subsidiary, Nimble Title Holdings, Inc. (“Nimble Title Holdings”). Nimble Title Holdings is
50.1% owned by the Company and 49.9% owned by a former non-controlling stockholder of Beeline Financial