10-Q Filing

Beeline Holdings, Inc. CIK: 1534708 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005155`
Period End Date	20170331
Filing Date	20170512
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	esdi-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 40 Cash Flow Statement 65

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$141.32K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.80K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3,000.00	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$360.13K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$344.95K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	50.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	300.00	shares	Point-in-time
Inventories	`InventoryNet`	$780.04K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	300.00	shares	Point-in-time
Inventories	`InventoryNet`	$995.73K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	50.00	shares	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$146.80K	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$187.71K	USD	Point-in-time
Preferred stock, liquidation value	`PreferredStockLiquidationPreferenceValue`	$125.00K	USD	Point-in-time
Preferred stock, liquidation value	`PreferredStockLiquidationPreferenceValue`	$750.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.40M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.39M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.56K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$99.22K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.63M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$373.50K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$48.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.63M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.01M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$59.40K	USD	Point-in-time
Total Assets	`Assets`	$2.95M	USD	Point-in-time
Total Assets	`Assets`	$2.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$457.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$476.18K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$523.70K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$208.42K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.13K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.46K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$4.54K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$686.05K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$987.40K	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$427.76K	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$365.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A convertible preferred stock, $0.0001 par value; 3,000 shares authorized; 50 and 300 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively (liquidation values of $125,000 and $750,000, respectively)	`PreferredStockValue`	$245.84K	USD	Point-in-time
Series A convertible preferred stock, $0.0001 par value; 3,000 shares authorized; 50 and 300 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively (liquidation values of $125,000 and $750,000, respectively)	`PreferredStockValue`	$49.43K	USD	Point-in-time
Common stock, $0.0001 par value; 45,000,000 shares authorized; 9,010,352 and 7,627,512 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$901.00	USD	Point-in-time
Common stock, $0.0001 par value; 45,000,000 shares authorized; 9,010,352 and 7,627,512 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$764.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.90M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.55M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$829.67K	USD	1 Quarter
Sales	`SalesRevenueNet`	$621.88K	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$217.19K	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$167.12K	USD	1 Quarter
Net sales	`Revenues`	$454.76K	USD	1 Quarter
Net sales	`Revenues`	$612.48K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$322.91K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$256.17K	USD	1 Quarter
Gross profit	`GrossProfit`	$198.59K	USD	1 Quarter
Gross profit	`GrossProfit`	$289.57K	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$156.20K	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$386.13K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$726.40K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$886.01K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-35.53K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.04M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-843.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-858.49K	USD	1 Quarter
Interest expense	`InterestExpense`	$171.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.81K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-4.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$4.49K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-171.06K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-43.32K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-901.82K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-901.82K	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$5.04K	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.01M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-906.86K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.84M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.28M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$6.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-901.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.01K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.57K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-35.53K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$11.17K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$37.01K	USD	1 Quarter
Amortization of beneficial conversion feature	`AmortizationOfBeneficialConversionFeature`	-	USD	1 Quarter
Amortization of beneficial conversion feature	`AmortizationOfBeneficialConversionFeature`	$148.08K	USD	1 Quarter
Issuance of common stock in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$89.10K	USD	1 Quarter
Issuance of common stock in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$86.32K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$158.66K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$105.84K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$40.97K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$15.17K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-61.36K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$112.21K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-64.75K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.96K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.81K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$304.74K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-466.33K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-668.00	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.38K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.13M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-271.48K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$7.06K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.63K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.95K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.95K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-32.57K	USD	1 Quarter
Preferred stock deposit	`ProceedsFromContributionsFromAffiliates`	$151.20K	USD	1 Quarter
Preferred stock deposit	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Stock issuance cost related to acquisition	`StockIssuanceCostRelatedToAcquisition`	$5.58K	USD	1 Quarter
Stock issuance cost related to acquisition	`StockIssuanceCostRelatedToAcquisition`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	$1.72K	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	$1.29K	USD	1 Quarter
Proceeds from common stock, net of issuance costs of $6,033, with detachable warrants	`ProceedsFromIssuanceOfCommonStock`	$750.00K	USD	Point-in-time
Proceeds from common stock, net of issuance costs of $6,033, with detachable warrants	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from common stock, net of issuance costs of $6,033, with detachable warrants	`ProceedsFromIssuanceOfCommonStock`	$802.47K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$159.25K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$159.25K	USD	Point-in-time
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$149.91K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$954.42K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-128.52K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-204.35K	USD	1 Quarter
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$141.32K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.80K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$141.32K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.80K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$1.38K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$10.80K	USD	1 Quarter
Issuance of common stock for the acquisition of MotherLode Craft Distillery, LLC	`IssuanceOfCommonStockForAcquisition`	$377.00K	USD	1 Quarter
Issuance of common stock for the acquisition of MotherLode Craft Distillery, LLC	`IssuanceOfCommonStockForAcquisition`	-	USD	1 Quarter
Common stock issued in exchange of notes payable	`CommonStockIssuedInExchangeOfNotesPayable`	$87.50K	USD	1 Quarter
Common stock issued in exchange of notes payable	`CommonStockIssuedInExchangeOfNotesPayable`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.