Skip to main content

Beeline Holdings, Inc.

For the period ended Dec 31, 2024. Filed Apr 15, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 15, 2025

BLNE$0.61+0.5%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

U. S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2024

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to _____________

Commission File Number 001-38182

(Name of small business issuer as specified in its charter)

Nevada20-3937596
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

188 Valley Street, Suite 225

Providence, RI 02909

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:(458) 800-9154

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, $0.0001 par valueBLNEThe Nasdaq Stock Market LLC
(Title of Each Class)(Trading Symbol)(Name of Each Exchange on Which Registered)

Securities registered pursuant to Section 12(g) of the Act:None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act:Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 day.Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 if the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262 (b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.Yes☐No☒

The aggregate market value of the voting stock held by non-affiliates of the registrant at June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter was $10,571,964 based on the last reported sales price of the registrant’s common stock as reported by The Nasdaq Stock Market, LLC on that date.

As of April 15, 2025,8,096,479 shares of our common stock were outstanding.

Documents Incorporated By Reference

See Part III for certain information incorporated by reference into this Annual Report on Form 10-K (this “Report”).

NOTE REGARDING REVERSE STOCK SPLIT

On March 12, 2025, Beeline Holdings, Inc., formerly known as Eastside Distilling, Inc. implemented a one-for-10 reverse stock split of its common stock. To facilitate comparative analysis, all statements in this Report regarding numbers of shares of common stock and all references to prices of a share of common stock if referencing events or circumstances occurring prior to March 12, 2025, have been modified to reflect the effect of the reverse stock split on a pro forma basis.

FORM 10-K

December 31, 2024

TABLE OF CONTENTS

Page
PART I
Item 1.Business4
Item 1A.Risk Factors17
Item 1B.Unresolved Staff Comments44
Item 1C.Cybersecurity44
Item 2.Properties44
Item 3.Legal Proceedings44
Item 4.Mine Safety Disclosures44
PART II
Item 5.Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities45
Item 6.[Reserved]45
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations45
Item 7A.Quantitative and Qualitative Disclosures about Market Risk56
Item 8.Financial Statements and Supplementary DataF-1
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure57
Item 9A.Controls and Procedures57
Item 9B.Other Information59
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections59
PART III
Item 10.Directors, Executive Officers, and Corporate Governance59
Item 11.Executive Compensation59
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters59
Item 13.Certain Relationships and Related Transactions, and Director Independence59
Item 14.Principal Accounting Fees and Services59
PART IV
Item 15.Exhibits60
SIGNATURES62
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.