INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

INTANGIBLE ASSETS

9. INTANGIBLE ASSETS

Intangible assets consisted of the following:

(Dollars in thousands)	March 31, 2026			December 31, 2025
Beeline brand	$	4,557		$	4,557
Customer list		393			393
Total		4,950			4,950
Less accumulated amortization		(146	)		(121	)
Total intangible assets, net	$	4,804		$	4,829

The Beeline brand has been determined to have an indefinite life and is not amortized. The Company, on an annual basis, tests the indefinite-lived asset for impairment. If the carrying value of an indefinite-lived asset is found to be impaired, then the Company will record an impairment loss and reduce the carrying value of the asset. As of March 31, 2026, the Company determined that the Beeline brand was not impaired.

The customer list has a useful life of four years and amortization expense was $24,562 for both the three months ended March 31, 2026 and 2025.

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

March 31, 2026 and 2025

(unaudited)