DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF DISPOSAL GROUPS, INCLUDING DISCONTINUED OPERATIONS

Assets and liabilities related to Craft C+P were as follows as of December 31:

(Dollars in thousands)	2023
Assets
Current assets:
Cash	$	96
Trade receivables, net		396
Inventories		526
Prepaid expenses and other current assets		250
Total current assets		1,268
Property and equipment, net		4,598
Right-of-use assets		1,923
Intangible assets, net		827
Other assets, net		321
Total Assets	$	8,937
Liabilities
Current liabilities:
Accounts payable	$	1,014
Accrued liabilities		110
Deferred revenue		88
Current portion of lease liabilities		665
Total current liabilities		1,877
Lease liabilities, net of current portion		1,366
Total liabilities	$	3,243

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

Income and expense related to Craft C+P were as follows for the years ended December 31:

(Dollars in thousands)	2024			2023
Sales	$	6,903		$	6,817
Less customer programs and excise taxes		120			105
Net sales		6,783			6,712
Cost of sales		6,510			6,829
Gross profit (loss)		273			(117	)
Operating expenses:
Sales and marketing expenses		45			126
General and administrative expenses		2,436			2,878
Gain on disposal of property and equipment		(195	)		(367	)
Total operating expenses		2,286			2,637
Loss from operations		(2,013	)		(2,754	)
Other income (expense), net
Interest expense		-			(12	)
Deconsolidation loss		(4,829	)		-
Other income		4			17
Total other income, net		(4,825	)		5
Loss before income taxes		(6,838	)		(2,749	)
Provision for income taxes		-			-
Net loss from discontinued operations	$	(6,838	)	$	(2,749	)