10-Q Filing

Beeline Holdings, Inc. CIK: 1534708 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-006713`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	esdi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 42 Cash Flow Statement 64

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.04M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.89M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.59M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$405.60K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$315.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.04M	shares	Point-in-time
Inventories	`InventoryNet`	$5.31M	USD	Point-in-time
Inventories	`InventoryNet`	$4.05M	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$624.30K	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$649.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$728.51K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$323.29K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$325.67K	USD	Point-in-time
Goodwill	`Goodwill`	$28.18K	USD	Point-in-time
Goodwill	`Goodwill`	$28.18K	USD	Point-in-time
Other assets, net	`OtherAssets`	$383.62K	USD	Point-in-time
Other assets, net	`OtherAssets`	$343.94K	USD	Point-in-time
Total Assets	`Assets`	$9.03M	USD	Point-in-time
Total Assets	`Assets`	$9.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$909.10K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$202.25K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$156.16K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$18.70K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.58K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$297.26K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$38.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$3.39M	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$2.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.82M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 15,000,000 shares authorized; 5,044,770 and 4,889,745 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$489.00	USD	Point-in-time
Common stock, $0.0001 par value; 15,000,000 shares authorized; 5,044,770 and 4,889,745 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$504.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.09M	USD	Point-in-time
Total Eastside Distilling, Inc. Stockholders' Equity	`StockholdersEquity`	$4.82M	USD	Point-in-time
Total Eastside Distilling, Inc. Stockholders' Equity	`StockholdersEquity`	$5.13M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$15.59K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$16.18K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.84M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.65M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.03M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$1.41M	USD	1 Quarter
Sales	`SalesRevenueNet`	$829.67K	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$217.19K	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$192.85K	USD	1 Quarter
Net sales	`Revenues`	$612.48K	USD	1 Quarter
Net sales	`Revenues`	$1.22M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$627.52K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$322.91K	USD	1 Quarter
Gross profit	`GrossProfit`	$289.57K	USD	1 Quarter
Gross profit	`GrossProfit`	$592.81K	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$386.13K	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$642.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$726.40K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-35.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.86M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-858.49K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.64K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$200.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$4.49K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-56.44K	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`	$-1.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-901.82K	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$5.04K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-593.00	USD	1 Quarter
Net loss attributable to Eastside Distilling, Inc. common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.32M	USD	1 Quarter
Net loss attributable to Eastside Distilling, Inc. common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-906.86K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.92M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.61M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-901.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.01K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.84K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-35.53K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$13.19K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$37.01K	USD	1 Quarter
Issuance of common stock in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$125.03K	USD	1 Quarter
Issuance of common stock in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$86.32K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$276.07K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$158.66K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$15.17K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$90.28K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$112.21K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$109.46K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-358.09K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.96K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-466.33K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$85.31K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$17.12K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-668.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.13M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.55M	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$7.06K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.63K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$343.72K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-343.72K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-32.57K	USD	1 Quarter
Stock issuance cost related to acquisitions	`StockIssuanceCostRelatedToAcquisition`	$5.58K	USD	1 Quarter
Stock issuance cost related to acquisitions	`StockIssuanceCostRelatedToAcquisition`	-	USD	1 Quarter
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 common stock, net of issuance costs of $6,033, with detachable warrants	`ProceedsFromIssuanceOfCommonStock`	$1.56M	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$159.25K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$680.40K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$159.25K	USD	Point-in-time
Payments on conversion of note payable	`RepaymentsOfConvertibleDebt`	$1.72K	USD	1 Quarter
Payments on conversion of note payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	$71.82K	USD	1 Quarter
Proceeds from convertible notes payable, net of issuance costs	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes payable, net of issuance costs	`ProceedsFromConvertibleDebt`	$1.25M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.86M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$954.42K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-204.35K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.03M	USD	1 Quarter
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.59M	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$883.72K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.59M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$8.92K	USD	1 Quarter
Cash paid during the year for interest	`InterestPaidNet`	$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.