Exhibit 99.2
Beeline Financial Holdings, Inc.
Consolidated Balance Sheet
June 30, 2024
| ASSETS | | | | |
| Current Assets | | | | |
| Cash, cash equivalents | | | 336,475 | |
| Accounts Receivable | | | 91,380 | |
| Mortgage loans held for sale | | | 2,146,465 | |
| Prepaid expenses and other current assets | | | 473,791 | |
| Total Current Assets | | | 3,048,111 | |
| | | | | |
| Property and equipment, net | | | 233,005 | |
| Software Development cost, net | | | 4,333,354 | |
| Right of use asset | | | 1,489,527 | |
| Security deposit | | | 58,054 | |
| Investment in equities | | | 306,772 | |
| Total ASSETS | | $ | 9,468,823 | |
| | | | | |
| Liabilities & Stockholders’ Equity | | | | |
| | | | | |
| Current Liabilities | | | | |
| Accounts Payable | | | 1,314,222 | |
| Warehouse lines of credit | | | 2,280,922 | |
| Accrued payroll | | | 675,495 | |
| Escrows held for others | | | 19,390 | |
| Accrued expenses and other current liabilities | | | 844,070 | |
| Total Current Liabilities | | | 5,134,099 | |
| | | | | |
| Long Term Liabilities | | | | |
| Senior debenture | | | 3,300,000 | |
| Discount & Issuance costs | | | (3,025,000 | ) |
| Lease liability | | | 1,690,336 | |
| BDCRI loan payable | | | 293,593 | |
| Total Long Term Liabilities | | | 2,258,929 | |
| | | | | |
| Stockholders’ Equity | | | | |
| Common stock, $0.01 par value | | | 1,717 | |
| Series A preferred stock, $0.01 par value | | | 248 | |
| Series B preferred stock, $0.001 par value | | | 24 | |
| Additional paid in capital | | | 51,412,908 | |
| Accumulated other comprehensive loss | | | (106,146 | ) |
| Retained earnings | | | (38,369,200 | ) |
| Net Income | | | (10,863,756 | ) |
| Total Stockholders’ Equity | | | 2,075,795 | |
| Total Liabilities & Stockholders’ Equity | | $ | 9,468,823 | |
Beeline Financial Holdings, Inc.
Consolidated Statement of Operations
For the Six Months Ended June 30, 2024
| Revenues | | | | |
| Gain on sale of loans, net | | $ | 1,528,705 | |
| Interest income, net | | | (29,220 | ) |
| Loan origination fees | | | 302,212 | |
| Title fees | | | 509,786 | |
| Data and Tech | | | 24,546 | |
| Total Revenues, net | | | 2,336,029 | |
| | | | | |
| Operational Expenses | | | | |
| Salaries and benefits | | | 3,299,075 | |
| Payroll taxes | | | 272,501 | |
| Professional fees | | | 1,125,185 | |
| Marketing and advertising | | | 1,139,852 | |
| Loan originating expenses | | | 627,866 | |
| Depreciation | | | 883,670 | |
| Rent and utilities | | | 208,440 | |
| Computer and software | | | 389,438 | |
| Title operational expense | | | 131,263 | |
| Insurance expense | | | 96,927 | |
| Other G&A Expense | | | 123,825 | |
| Total Operating Expenses | | | 8,298,042 | |
| | | | | |
| Other Income/Expense | | | | |
| Tax expense | | | 3,277 | |
| Other Income/Expense | | | 4,898,465 | |
| Total Other Income/Expense | | | 4,901,742 | |
| | | | | |
| Net Loss | | $ | (10,863,755 | ) |
