Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 27

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 some instances, scheduled rent increases, renewals, purchase options and maintenance costs,
and vary by lease. Beeline Financial has leased approximately 12,737 square feet of space in Rhode Island and Australia that expires
at various dates through 2030. The Company does not have any financing leases.

As
the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate of 10% based on information
available at commencement to determine the present value of the lease payments. Right-of-use assets and lease liabilities are recognized
at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less
(“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term.
As of June 30, 2025, the amount of right-of-use assets and lease liabilities were $0.9 million and $1.1 million, respectively. Lease
expense for operating leases is recognized on a straight-line basis over the lease term. Aggregate lease expense for the six months ended
June 30, 2025 was $0.2 million.

Maturities
of lease liabilities as of June 30, 2025 were as follows:

 SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

    (Dollars in thousands)  
    Operating Leases  
    Weighted-Average Remaining Term in Years 
  
    2025  
    $181  

    2026  
     282  

    2027  
     228  

    2028  
     234  

    2029  
     242  

    Thereafter  
     249  

    Total lease payments  
     1,416  

    Less imputed interest (based on 10.0% weighted-average discount rate)  
     (312) 

    Present value of lease liability  
     1,104  
     4.22 
  
    Less current portion  
     247  

    Lease liabilities, net of current portion  
    $857  

    22

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

June 30, 2025

(Unaudited)

15.
STOCKHOLDERS’ EQUITY

Issuance
of Common Stock

On
March