PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2026

Property, Plant, and Equipment [Abstract]

PROPERTY AND EQUIPMENT

9. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

(Dollars in thousands)	September 30, 2026			December 31, 2025
Internal-use software	$	16,425		$	15,455
Furniture and fixtures		58			55
Leasehold improvements		151			151
Computers and hardware		29			22
Total		16,663			15,683
Less accumulated depreciation and amortization		(6,370	)		(3,973	)
Total property and equipment, net	$	10,293		$	11,710

Depreciation expense related to property and equipment was $16,558 and $0.1 million for the nine months ended September 30, 2026 and 2025, respectively. Amortization expense related to internal-use software was $2.4 million and $2.3 million for the nine months ended September 30, 2026 and 2025, respectively.

Internal-use software consisted of the following:

(Dollars in thousands)	September 30, 2026			December 31, 2025
Internal-use software	$	16,425		$	15,455
Less accumulated amortization		(6,148	)		(3,773	)
Total internal-use software, net	$	10,277		$	11,682

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

September 30, 2026 and 2025

(unaudited)

The estimated future amortization expense of internal-use software as of September 30, 2026 was as follows:

(Dollars in thousands)
Remaining 2026	$	821
2027		3,285
2028		3,285
2029		2,582
2030		216
Thereafter		88
	$	10,277

The Company’s internal developers created a new proprietary software and launched it in 2024. The most notable feature of the new software is the integration of Beeline’s Chatbot “Bob”. The Company recorded $0.2 million of additional purchases of internal-use software for both the nine months ended September 30, 2026 and 2025.