Beeline Holdings, Inc. current report, 06 October 2017

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Business Context and Reporting Period

This Form 8-K is filed by Eastside Distilling, Inc. (not Beeline Holdings, Inc.) on October 6, 2017. The registrant is a Nevada corporation and an emerging growth company. The report addresses a change in the company's independent registered public accounting firm.

Key Financial Metrics

This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on corporate governance regarding the audit firm.

Material Changes

  • Dismissal of Auditor: The Board of Directors, upon the Audit Committee's recommendation, dismissed BPM LLP as the independent registered public accounting firm effective October 6, 2017.
  • Engagement of New Auditor: The Board appointed M&K CPAS, PLLC as the new independent registered public accounting firm, effective immediately.
  • Audit History: BPM's reports for fiscal years ended December 31, 2016, and 2015 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements or reportable events with BPM during those periods or through June 30, 2017.

Guidance, Outlook, and Risks

The filing contains no financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies related to financial operations are disclosed in this report. The transition of auditors was executed without prior consultation with the new firm regarding accounting principles or reportable events.

Investor Verification Checklist

  • Verify the reasons for the dismissal of BPM LLP by reviewing the attached letter from BPM LLP (Exhibit 16.1).
  • Confirm the qualifications and independence of the newly appointed firm, M&K CPAS, PLLC.
  • Review subsequent filings (e.g., 10-K or 10-Q) to ensure the new auditor's first report does not contain qualifications or disagreements.
  • Note that the company name in the metadata request ("Beeline Holdings") does not match the registrant in the filing ("Eastside Distilling, Inc."); verify the correct entity for investment purposes.