Home / Going-concern warnings / Beeline Holdings, Inc.
Filed 2025-04-15 路 Form 10-K 路 Accession 0001641172-25-004793 nano
Price before filing: $1.47 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $13.8M (2025-04-15) 路 Latest: $24.6M (2026-10-16)
| Window | BLNE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -13.6% | +9.5% | -23.1% | 2025-05-15 |
| 90 days | -10.2% | +16.2% | -26.4% | 2025-07-14 |
| 180 days | +100.7% | +23.7% | +77.0% | 2025-10-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $136K (23 purchases)
30 days after: 2 insiders bought $113K (128 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-18 | Freedman Joseph David Director | Purchase | 6,250 | $2.84 | $18K | no | Form 4 |
| 2025-03-19 | Freedman Joseph David Director | Purchase | 2,000 | $2.47 | $5K | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 500 | $2.88 | $1K | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 500 | $2.78 | $1K | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 100 | $2.72 | $272 | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 50 | $2.88 | $144 | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 10,000 | $2.76 | $28K | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 3,000 | $2.84 | $9K | no | Form 4 |
| 2025-03-19 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 3,000 | $2.66 | $8K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,000 | $2.37 | $2K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,000 | $2.30 | $2K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,020 | $2.42 | $2K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,000 | $2.45 | $2K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 5,000 | $2.72 | $14K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 2,000 | $2.76 | $6K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 580 | $2.43 | $1K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 400 | $2.42 | $970 | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 2,500 | $2.76 | $7K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,000 | $2.75 | $3K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 1,400 | $2.75 | $4K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 600 | $2.75 | $2K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 5,000 | $2.76 | $14K | no | Form 4 |
| 2025-03-20 | Liuzza Nicholas Reyland JR Chief Executive Officer, Director, 10% owner | Purchase | 2,500 | $2.33 | $6K | no | Form 4 |
| 2025-04-15: red flag filed | |||||||
| 2025-04-16 | Freedman Joseph David Director | Purchase | 10,000 | $1.18 | $12K | no | Form 4 |
| 2025-04-16 | Freedman Joseph David Director | Purchase | 5,251 | $1.16 | $6K | no | Form 4 |
Showing 25 of 151 transactions.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-15 to 2025-05-15. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 2 to the consolidated financial statements, the Company suffered a net loss from operations and used cash in operations, which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: M&K CPAS, PLLC
Source: independent auditor report in Form 10-K (period 2024-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
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