DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

4. DISCONTINUED OPERATIONS

The Company reports discontinued operations by applying the following criteria in accordance with ASC 205-20, Presentation of Financial Statements – Discontinued Operations: (1) Component of an entity; (2) Held for sale criteria; and (3) Strategic shift. The operating results of Craft C+P have been classified as discontinued operations during the three months ended March 31, 2024. The consolidated financial statements for the prior periods have been adjusted to reflect comparable information.

Income and expense related to Craft C+P were as follows for the three months ended March 31:

(Dollars in thousands)	2024
Sales	$	1,849
Less customer programs and excise taxes		35
Net sales		1,814
Cost of sales		1,766
Gross profit		48
Operating expenses:
Sales and marketing expenses		17
General and administrative expenses		741
Gain on disposal of property and equipment		(120	)
Total operating expenses		638
Loss before income taxes		(590	)
Provision for income taxes		-
Net loss from discontinued operations	$	(590	)

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

March 31, 2025

(Unaudited)