10-Q Filing

Beeline Holdings, Inc. CIK: 1534708 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-016713`
Period End Date	20230331
Filing Date	20230512
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 40 Cash Flow Statement 82

Balance Sheet 77 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`	35.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.20M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.66M	shares	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	2.50M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	2.50M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2.50M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$267.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2.50M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$723.00K	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$860.00K	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$876.00K	USD	Point-in-time
Inventories	`InventoryNet`	$4.44M	USD	Point-in-time
Inventories	`InventoryNet`	$3.99M	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$579.00K	USD	Point-in-time
Prepaid expenses and current assets	`PrepaidExpenseCurrent`	$941.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.74M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.99M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.76M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.66M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$369.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$354.00K	USD	Point-in-time
Total Assets	`Assets`	$21.48M	USD	Point-in-time
Total Assets	`Assets`	$20.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$115.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$18.00K	USD	Point-in-time
Current portion of secured credit facilities, net of debt issuance costs	`LinesOfCreditCurrent`	$3.44M	USD	Point-in-time
Current portion of secured credit facilities, net of debt issuance costs	`LinesOfCreditCurrent`	$3.38M	USD	Point-in-time
Current portion of note payable, related party	`NotesPayableRelatedPartyCurrent`	$4.60M	USD	Point-in-time
Current portion of note payable, related party	`NotesPayableRelatedPartyCurrent`	$4.65M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$7.75M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$991.00K	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$870.00K	USD	Point-in-time
Other current liability, related party	`OtherLiabilitiesRelatedPartyCurrent`	$1.02M	USD	Point-in-time
Other current liability, related party	`OtherLiabilitiesRelatedPartyCurrent`	$725.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.01M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$2.14M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.97M	USD	Point-in-time
Note payable, related party	`NotePayableRelatedPartyNonCurrent`	$92.00K	USD	Point-in-time
Note payable, related party	`NotePayableRelatedPartyNonCurrent`	-	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$7.75M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$23.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.99M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 35,000,000 shares authorized; 16,660,171 and 16,199,269 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value; 35,000,000 shares authorized; 16,660,171 and 16,199,269 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; 2,500,000 shares issued and outstanding as of both March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; 2,500,000 shares issued and outstanding as of both March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$73.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$73.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.02M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-3.01M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$13.40M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$12.60M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$20.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$21.48M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.78M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.88M	USD	1 Quarter
Less customer programs and excise taxes	`ExciseAndSalesTaxes`	$26.00K	USD	1 Quarter
Less customer programs and excise taxes	`ExciseAndSalesTaxes`	$40.00K	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.74M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.85M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.21M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$947.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$641.00K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$647.00K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$511.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.93M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.63M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$329.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$406.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-406.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-358.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.60M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.04M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$38.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$38.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.07M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.64M	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.48M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	14.90M	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$407.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$263.00K	USD	1 Quarter
(Recovery of) bad debt expense	`ProvisionForDoubtfulAccounts`	$-2.00K	USD	1 Quarter
(Recovery of) bad debt expense	`ProvisionForDoubtfulAccounts`	$43.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.00K	USD	1 Quarter
Write off of obsolete fixed assets	`WriteOffOfObsoleteFixedAssets`	$-54.00K	USD	1 Quarter
Write off of obsolete fixed assets	`WriteOffOfObsoleteFixedAssets`	-	USD	1 Quarter
Inventory reserve	`InventoryReserve`	$19.00K	USD	1 Quarter
Inventory reserve	`InventoryReserve`	$32.00K	USD	1 Quarter
Stock dividend payable	`StockDividendPayable`	$38.00K	USD	1 Quarter
Stock dividend payable	`StockDividendPayable`	$38.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$180.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Interest accrued to secured credit facilities	`InterestAccruedToSecuredTradeCreditFacility`	$78.00K	USD	1 Quarter
Interest accrued to secured credit facilities	`InterestAccruedToSecuredTradeCreditFacility`	$50.00K	USD	1 Quarter
Payment of accrued interest on secured credit facilities	`PaymentOfAccruedInterestOnSecuredCreditFacilities`	$-142.00K	USD	1 Quarter
Payment of accrued interest on secured credit facilities	`PaymentOfAccruedInterestOnSecuredCreditFacilities`	-	USD	1 Quarter
Interest accrued for amounts due to related parties	`InterestAccruedForAmountsDueToRelatedParties`	$123.00K	USD	1 Quarter
Interest accrued for amounts due to related parties	`InterestAccruedForAmountsDueToRelatedParties`	-	USD	1 Quarter
Payment of accrued interest on amounts due to related parties	`PaymentOfAccruedInterestOnAmountsDueToRelatedParties`	-	USD	1 Quarter
Payment of accrued interest on amounts due to related parties	`PaymentOfAccruedInterestOnAmountsDueToRelatedParties`	$141.00K	USD	1 Quarter
Issuance of common stock in exchange for services of related parties	`IssuanceOfCommonStockInExchangeForServicesOfRelatedParties`	$60.00K	USD	1 Quarter
Issuance of common stock in exchange for services of related parties	`IssuanceOfCommonStockInExchangeForServicesOfRelatedParties`	$207.00K	USD	1 Quarter
Issuance of common stock in exchange for services of third parties	`IssuanceOfCommonStockInExchangeForServicesOfThirdParties`	$83.00K	USD	1 Quarter
Issuance of common stock in exchange for services of third parties	`IssuanceOfCommonStockInExchangeForServicesOfThirdParties`	$119.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-148.00K	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-471.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-457.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$924.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$390.00K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInROUAssets`	$-290.00K	USD	1 Quarter
Right-of-use assets	`IncreaseDecreaseInROUAssets`	$-229.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$350.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-104.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$205.00K	USD	1 Quarter
Other liabilities, related party	`IncreaseDecreaseDueFromOtherRelatedParties`	-	USD	1 Quarter
Other liabilities, related party	`IncreaseDecreaseDueFromOtherRelatedParties`	$-279.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$96.00K	USD	1 Quarter
Net lease liabilities	`IncreaseDecreaseInNetLeaseLiabilities`	$111.00K	USD	1 Quarter
Net lease liabilities	`IncreaseDecreaseInNetLeaseLiabilities`	$291.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-428.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.39M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.00K	USD	1 Quarter
Proceeds from note payable, related party	`ProceedsFromNotesPayable`	$2.00M	USD	1 Quarter
Proceeds from note payable, related party	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Payments of principal on secured credit facilities	`RepaymentsOfLinesOfCredit`	$940.00K	USD	1 Quarter
Payments of principal on secured credit facilities	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments of principal on notes payable	`RepaymentsOfNotesPayable`	$205.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$855.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-456.00K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-670.00K	USD	1 Quarter
Cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$267.00K	USD	Point-in-time
Cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$723.00K	USD	Point-in-time
Cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.61M	USD	Point-in-time
Cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.28M	USD	Point-in-time
Cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$267.00K	USD	Point-in-time
Cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$723.00K	USD	Point-in-time
Cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.61M	USD	Point-in-time
Cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.28M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$323.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$215.00K	USD	1 Quarter
Cash paid for amounts included in measurement of lease liabilities	`CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities`	$177.00K	USD	1 Quarter
Cash paid for amounts included in measurement of lease liabilities	`CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities`	$318.00K	USD	1 Quarter
Exchange of assets for services	`ExchangeOfAssetsForServices`	$42.00K	USD	1 Quarter
Exchange of assets for services	`ExchangeOfAssetsForServices`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$320.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Warrants issued in relation to secured credit facilities	`WarrantsIssuedInRelationToPurchaseAgreement`	$948.00K	USD	1 Quarter
Warrants issued in relation to secured credit facilities	`WarrantsIssuedInRelationToPurchaseAgreement`	-	USD	1 Quarter

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