Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 98

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 98
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 in 2024.

Income Taxes

The provision for income taxes for the six months ended June 30, 2025 and 2024 was immaterial, primarily as we were in a net loss position for those periods.

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<div align='center'>SELECTED FINANCIAL INFORMATION</div>

The following table sets forth a summary of our historical financial data as of the dates indicated. The balance sheet data as of December 31, 2024 and 2023 has been derived from our audited consolidated financial statements. The balance sheet data as of June 30, 2025 has been derived from our unaudited interim condensed consolidated financial statements included elsewhere in this filing. The unaudited interim condensed consolidated financial statements were prepared on the same basis as our audited consolidated financial statements. In our opinion, such financial statements include all adjustments, consisting of normal recurring adjustments, that we consider necessary for a fair presentation of the financial information for those periods. The summary financial data should be read with the financial statements and the accompanying notes included in this filing. In addition, the summary financial data should be read in conjunction with the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this filing.

| Balance Sheet Data:                  |     | As of June 30, 
 2025           |            |   |     | As of December 31, |       2024 |     |   |        2023 |   |
|:-------------------------------------|:----|:---------------|-----------:|:--|:----|:-------------------|-----------:|:----|:--|------------:|:--|
| Cash                                 |     | $              |    185,953 |   |     | $                  |    453,162 |     | $ |      76,878 |   |
| Total assets                         |     |                | 26,538,101 |   |     |                    | 28,000,026 |     |   |  26,268,232 |   |
| Current liabilities                  |     |                | 16,442,727 |   |     |                    | 13,811,514 |     |   |  62,848,642 |   |
| Long-term liabilities                |     |                | 12,981,973 |   |     |                    | 13,396,745 |     |   |   6,842,046 |   |
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