v3.26.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

9. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 SCHEDULE OF PROPERTY AND EQUIPMENT

(Dollars in thousands)  June 30, 2026   December 31, 2025 
Internal-use software  $16,363   $15,455 
Furniture and fixtures   57    55 
Leasehold improvements   151    151 
Computers and hardware   27    22 
Total   16,598    15,683 
Less accumulated depreciation and amortization   (5,546)   (3,973)
Total property and equipment, net  $11,052   $11,710 

 

Depreciation expense related to property and equipment was $15,759 and $0.1 million for the six months ended June 30, 2026 and 2025, respectively. Amortization expense related to internal-use software was $1.6 million and $1.5 million for the six months ended June 30, 2026 and 2025, respectively.

 

Internal-use software consisted of the following:

 

(Dollars in thousands)  June 30, 2026   December 31, 2025 
Internal-use software  $16,363   $15,455 
Less accumulated amortization   (5,328)   (3,773)
Total internal-use software, net  $11,035   $11,682 

 

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

 

(Dollars in thousands)    
Remaining 2026  $1,636 
2027   3,273 
2028   3,273 
2029   2,570 
2030   203 
Thereafter   80 
Amortization expense of internal use software  $11,035 

 

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 and $0.1 million of additional purchases of internal-use software the six months ended June 30, 2026 and 2025, respectively.

 

 

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

June 30, 2026 and 2025

(unaudited)