XML 191 R68.htm IDEA: XBRL DOCUMENT v3.24.4
Notes Payable (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 05, 2024
Jun. 04, 2024
Apr. 29, 2021
Oct. 31, 2023
Jun. 30, 2022
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Nov. 30, 2023
Jul. 31, 2023
Mar. 31, 2023
Dec. 21, 2022
Apr. 30, 2022
Short-Term Debt [Line Items]                                  
Long term debt           $ 8,155,000     $ 8,155,000   $ 8,042,000            
Debt issuance cost                 300,000                
Debt Conversion, Converted Instrument, Amount                 $ 6,510,000 6,322,000          
Gain (Loss) on Extinguishment of Debt                     1,300,000            
Stock Issued During Period, Value, New Issues           $ 392,000 $ 649,000 $ 651,000     1,396,000 199,000          
Preferred Stock [Member] | Series B Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Shares, New Issues                                
Stock Issued During Period, Value, New Issues                        
Common Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Shares, New Issues           442,000 141,000 135,000     343,000 10,000          
Stock Issued During Period, Value, New Issues                        
Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Long term debt                     300,000            
Convertible notes payable           0     0   17,875,754 4,346,238          
Convertible notes   $ 24,814,011                              
Debt Conversion, Converted Instrument, Amount   23,228,052                              
Accrued interest   1,585,958       0     0   $ 965,378            
Gain (Loss) on Extinguishment of Debt   $ 11,344,207             11,344,207              
Stock Issued During Period, Shares, New Issues                     0            
Stock Issued During Period, Value, New Issues                 1,917,141                
Amortization of debt discount                 519,902 2,621              
Beeline Financial Holdings Inc [Member] | As Restated [Member]                                  
Short-Term Debt [Line Items]                                  
Proceeds from convertible notes                     $ 5,129,472 732,612          
Amortization of debt discount                                
Beeline Financial Holdings Inc [Member] | Series B Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Debt Conversion, Converted Instrument, Shares Issued   1,646,157                              
Share price   $ 1.50                              
Beeline Financial Holdings Inc [Member] | Preferred Stock [Member] | Series A Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Value, New Issues                                
Beeline Financial Holdings Inc [Member] | Preferred Stock [Member] | Series B Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Value, New Issues                                
Beeline Financial Holdings Inc [Member] | Common Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Debt Conversion, Converted Instrument, Shares Issued   7,333,207                              
Share price   $ 1.50                              
Stock Issued During Period, Shares, New Issues                 1,278,055                
Stock Issued During Period, Value, New Issues                 $ 13                
Beeline Financial Holdings Inc [Member] | 2024 Convertible Note Holders [Member] | Series B Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Shares, New Issues 740,496                                
Stock Issued During Period, Value, New Issues $ 770,843                                
Beeline Financial Holdings Inc [Member] | Fluid Capital Network [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable                           $ 75,000      
Interest rate                           12.25%      
Loans payable balance           78,826     78,826   78,826            
Beeline Financial Holdings Inc [Member] | Manta Reef Holdings LLC [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable             $ 357,400     $ 357,400 142,600            
Interest rate             18.00%     18.00%              
Loans payable balance                     587,529            
Beeline Financial Holdings Inc [Member] | Manta Reef Holdings LLC [Member] | Related Party [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable             $ 310,000     $ 310,000 130,500            
Interest rate             18.00%     18.00%              
Loans payable balance           511,502     511,502   511,502            
Beeline Financial Holdings Inc [Member] | American Heritage [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable                         $ 157,500        
Interest rate                         12.00%        
Loans payable balance                     161,280            
Beeline Financial Holdings Inc [Member] | Officer Director And Shareholder [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable                     222,544            
Interest rate                         7.00%        
Loans payable balance           318,104     318,104   221,565            
Term Loan Agreement [Member] | Beeline Financial Holdings Inc [Member] | BDCRI Loan [Member]                                  
Short-Term Debt [Line Items]                                  
Maturity date     Apr. 29, 2026                            
Term Loan Agreement [Member] | BDCRI Loan [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable     $ 450,000                            
Long term debt           294,467     294,467   291,846 363,351          
Debt instument discount           5,533     5,533   8,154 11,649          
Principal amount     $ 9,375                           $ 9,375
Interest rate       6.00%                          
Debt issuance cost       $ 17,182                          
Debenture Agreement [Member] | Beeline Financial Holdings Inc [Member] | 2024 Convertible Note Holders [Member] | Series B Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Stock Issued During Period, Shares, New Issues 740,496                                
Stock Issued During Period, Value, New Issues $ 770,843                                
Notes Payable [Member]                                  
Short-Term Debt [Line Items]                                  
Interest Paid, Including Capitalized Interest, Operating and Investing Activities                     100,000 500,000          
Debt instrument interest                 11,588 $ 1,100,000              
Capital Markets Group [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable                       100,000          
Interest rate                               24.00%  
Loans payable balance           0     0   60,244 100,000          
Individual Counterparty [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Loans payable                             $ 30,000    
Interest rate                             7.00%    
Loans payable balance           0     0   31,755            
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Debt instrument interest                     965,378 77,883          
Proceeds from convertible notes                 $ 17,875,754                
Convertible notes payable                     13,439,516 4,436,238          
Principal amount                     5,706,559            
Convertible notes                     $ 13,439,516 4,436,238          
Debt Instrument, Description                 i) the Company received cash proceeds from the sale of 2022 Convertible Notes of $3,442,219, ii) Series A preferred shares investors exchanged 75,700 shares of Series A preferred stock for 2022 Convertible Notes having principal amounts totaling $1,750,079, iii) the Company issued a Convertible Note in the amount of $150.00 for future services to be rendered, which as of September 30, 2024 is included reflected in prepaid expenses on the accompanying unaudited consolidated balance sheet, and iv) the Company issued a Convertible Note in the amount of $10,000 for accrued interest   ) the Company received cash proceeds from the sale of 2022 Convertible Notes of $3,442,219, ii) Series A preferred shares investors exchanged 75,700 shares of Series A preferred stock for 2022 Convertible Notes having principal amounts totaling $1,750,079, iii) the Company issued a Convertible Note in the amount of $150.000 for future services to be rendered, and iv) the Company issued a Convertible Note in the amount of $10,000 for accrued interest.            
[custom:ProceedsFromSaleOfConvertibleDebt]                 $ 3,442,219                
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | As Restated [Member]                                  
Short-Term Debt [Line Items]                                  
Principal amount                     $ 5,206,763            
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Series A Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Principal amount           $ 1,750,079     $ 1,750,079                
Convertible notes payable                     $ 500,000            
Convertible preferred stock conversion                     224,950            
Debt Conversion, Converted Instrument, Shares Issued                 75,700                
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Preferred Stock [Member]                                  
Short-Term Debt [Line Items]                                  
Convertible preferred stock conversion                     22,495            
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Board Of Directors [Member]                                  
Short-Term Debt [Line Items]                                  
Proceeds from convertible notes                     $ 13,439,516 4,436,238          
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Board Of Directors [Member] | Maximum [Member]                                  
Short-Term Debt [Line Items]                                  
Proceeds from convertible notes         $ 25,000,000                        
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Board Of Directors [Member] | Preferred Stock Warrants [Member]                                  
Short-Term Debt [Line Items]                                  
Interest rate         7.00%                        
Debt term         3 years                        
2022 Subordinated Convertible Promissory Notes [Member] | Beeline Financial Holdings Inc [Member] | Board Of Directors [Member] | Preferred Stock Warrants [Member] | Maximum [Member]                                  
Short-Term Debt [Line Items]                                  
Proceeds from convertible notes         $ 20,000,000                        
Optional Conversion [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Convertible, type of equity security description         If the Company completes a Non-Qualified Financing, a Majority in Interest of the Note holders may elect to convert all of the Notes, and any accrued but unpaid interest thereon, into the class or series of shares issued to the investors in the Non-Qualified Financing, but at a conversion price equal to the lower of (x) 80% of the per share price paid by such investors in the Non-Qualified Financing, or (y) the price obtained by dividing $50,000,000 by the number of outstanding shares of common stock of the Company immediately prior to the Non-Qualified Financing (assuming conversion of all securities convertible into common stock and exercise of all outstanding options and warrants, but excluding but excluding the first 15% of the shares issuable pursuant to the Company’s Employee Stock Ownership Plan and the shares of equity securities of the Company issuable upon the conversion of the Notes or other indebtedness)(the “Valuation Cap PPS”).       If the Company completes a Non-Qualified Financing, a Majority in Interest of the Note holders may elect to convert all of the Notes, and any accrued but unpaid interest thereon, into the class or series of shares issued to the investors in the Non-Qualified Financing, but at a conversion price equal to the lower of (x) 80% of the per share price paid by such investors in the Non-Qualified Financing, or (y) the price obtained by dividing $50,000,000by the number of outstanding shares of common stock of the Company immediately prior to the Non-Qualified Financing (assuming conversion of all securities convertible into common stock and exercise of all outstanding options and warrants, but excluding but excluding the first 15% of the shares issuable pursuant to the Company’s Employee Stock Ownership Plan and the shares of equity securities of the Company issuable upon the conversion of the Notes or other indebtedness)(the “Valuation Cap PPS”).                
Number of outstanding shares of common stock conversion price         $ 50,000,000                        
Mandatory Conversion [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Convertible, type of equity security description         If the Company completes a Change of Control or an Initial Public Offering (each, as defined in the Notes) prior to the conversion of a holder’s Note, then such Note shall convert automatically into shares of the Company’s common stock, at a price equal to 80% of, as applicable,(x) the offering price to the public in the Initial Public Offering, or (y) the price or value of the Company’s common stock in the Change of Control transaction. Alternatively, we have reduced the term of the Notes to three (3) years(from five (5) years)and provided that, if a holder’s Note remains outstanding after such three (3)-year period, then it shall automatically convert into the class or series of shares of capital stock of the Company last issued in a Non-Qualified Financing, at a per share purchase price equal to the lower of (x) 80% of the per share price paid by the investors for the shares issued in such Non-Qualified Financing, and (y) the Valuation Cap PPS       We have provided that, if the Company completes a Change of Control or an Initial Public Offering (each, as defined in the Notes) prior to the conversion of a holder’s Note, then such Note shall convert automatically into shares of the Company’s common stock, at a price equal to 80% of, as applicable,(x) the offering price to the public in the Initial Public Offering, or (y) the price or value of the Company’s common stock in the Change of Control transaction. Alternatively, we have reduced the term of the Notes to three (3) years(from five (5) years)and provided that, if a holder’s Note remains outstanding after such three (3)-year period, then it shall automatically convert into the class or series of shares of capital stock of the Company last issued in a Non-Qualified Financing, at a per share purchase price equal to the lower of (x) 80% of the per share price paid by the investors for the shares issued in such Non-Qualified Financing, and (y) the Valuation Cap PPS.                
Convertible notes payable                     $ 17,875,754 $ 4,436,238          
2024 Convertible Notes [Member] | Debenture Agreement [Member] | Beeline Financial Holdings Inc [Member]                                  
Short-Term Debt [Line Items]                                  
Interest rate 10.00%                                
Proceeds from convertible notes $ 3,300,000                                
Cash 2,519,000                                
Debt Instrument, Fee Amount $ 781,000                                
Amortization of debt discount                 $ 517,281