10-Q Filing

Beeline Holdings, Inc. CIK: 1534708 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-006859`
Period End Date	20190331
Filing Date	20190513
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	east-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 38 Cash Flow Statement 64

Balance Sheet 62 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`	9.11M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.76M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.11M	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$1.06M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.76M	shares	Point-in-time
Inventories	`InventoryNet`	$11.02M	USD	Point-in-time
Inventories	`InventoryNet`	$11.57M	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$765.15K	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.80M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.18M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.07M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$285.68K	USD	Point-in-time
Goodwill	`Goodwill`	$28.18K	USD	Point-in-time
Goodwill	`Goodwill`	$28.18K	USD	Point-in-time
Other assets, net	`OtherAssets`	$985.68K	USD	Point-in-time
Other assets, net	`OtherAssets`	$796.26K	USD	Point-in-time
Total Assets	`Assets`	$29.14M	USD	Point-in-time
Total Assets	`Assets`	$26.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.06M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$386.17K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$507.47K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$97.34K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.73K	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$662.70K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$580.65K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.37M	USD	Point-in-time
Lease liability - less current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability - less current portion	`OperatingLeaseLiabilityNoncurrent`	$712.74K	USD	Point-in-time
Secured trade credit facility, net of debt issuance costs	`LongTermLineOfCredit`	$2.94M	USD	Point-in-time
Secured trade credit facility, net of debt issuance costs	`LongTermLineOfCredit`	$2.93M	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$3.62M	USD	Point-in-time
Notes payable - less current portion and debt discount	`LongTermNotesPayable`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.61M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 15,000,000 shares authorized; 9,110,635 and 8,764,085 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$911.00	USD	Point-in-time
Common stock, $0.0001 par value; 15,000,000 shares authorized; 9,110,635 and 8,764,085 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$876.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$45.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.14M	USD	Point-in-time
Total Eastside Distilling, Inc. Stockholders' Equity	`StockholdersEquity`	$17.96M	USD	Point-in-time
Total Eastside Distilling, Inc. Stockholders' Equity	`StockholdersEquity`	$18.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$26.36M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$29.14M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.69M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.41M	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$192.85K	USD	1 Quarter
Less excise taxes, customer programs and incentives	`ExciseAndSalesTaxes`	$189.40K	USD	1 Quarter
Net sales	`Revenues`	$1.22M	USD	1 Quarter
Net sales	`Revenues`	$3.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$627.52K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$592.81K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.18M	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$1.33M	USD	1 Quarter
Advertising, promotional and selling expenses	`SellingGeneralAndAdministrativeExpense`	$642.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.01M	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`	$-2.84M	USD	1 Quarter
Interest expense	`InterestExpense`	$56.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$107.41K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$200.00	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-107.41K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-56.44K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.94M	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`	$-2.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	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`	$-2.94M	USD	1 Quarter
Net loss attributable to Eastside Distilling, Inc. common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.32M	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.10M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.92M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.84K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$329.83K	USD	1 Quarter
Lease expense	`OperatingLeaseExpense`	$124.27K	USD	1 Quarter
Lease expense	`OperatingLeaseExpense`	-	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$13.19K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.87K	USD	1 Quarter
Issuance of common stock in exchange for services related parties	`IssuanceOfStockAndWarrantsForServicesOrClaimsForRelatedParties`	$48.44K	USD	1 Quarter
Issuance of common stock in exchange for services related parties	`IssuanceOfStockAndWarrantsForServicesOrClaimsForRelatedParties`	-	USD	1 Quarter
Issuance of common stock in exchange for services for 3rd parties	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.47K	USD	1 Quarter
Issuance of common stock in exchange for services for 3rd parties	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$125.03K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$191.86K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$276.07K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$178.08K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$90.28K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$393.37K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$873.13K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$109.46K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-154.26K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-358.09K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$55.16K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$85.31K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$17.12K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$43.62K	USD	1 Quarter
Net lease liabilities	`IncreaseDecreaseInNetLeaseLiabilities`	-	USD	1 Quarter
Net lease liabilities	`IncreaseDecreaseInNetLeaseLiabilities`	$140.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.88M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.55M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.45M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$343.72K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-343.72K	USD	1 Quarter
Contributed capital	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Contributed capital	`ProceedsFromContributedCapital`	$14.00K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$680.40K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	$43.07K	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`	$1.25M	USD	1 Quarter
Proceeds from convertible notes payable, net of issuance costs	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.07K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.86M	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.46M	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.03M	USD	1 Quarter
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.18M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.64M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.59M	USD	Point-in-time
Cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.55M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.18M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.64M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.59M	USD	Point-in-time
Cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.55M	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`	$75.92K	USD	1 Quarter
Cash paid for amounts included in measurement of lease liabilities	`CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities`	-	USD	1 Quarter
Cash paid for amounts included in measurement of lease liabilities	`CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities`	$170.98K	USD	1 Quarter
Fixed assets acquired through financing	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	1 Quarter
Fixed assets acquired through financing	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$300.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightofuseAssetsObtainedInExchangeForLeaseObligations`	$1.07M	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightofuseAssetsObtainedInExchangeForLeaseObligations`	-	USD	1 Quarter

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