Company: IPST
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001788230-25-000062
Chunk: 19

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 Notes— 571,089 Change in Fair Value of Warrant Liabilities— (430,208)Non-cash Interest Expense49,600 84,447 Changes in Operating Assets and Liabilities:Accounts Receivable439,611 296,870 Inventory(33,921)198,547 Other Current Assets(89,530)(260,047)Other Long Term Assets(6,900)— Accounts Payable532,236 252,981 Other Current Liabilities(187,265)(710,980)Operating Lease Liabilities(99,935)(177,242)Net Cash Used in Operating Activities(2,031,264)(2,660,083)Cash Flow from Investing ActivitiesAcquisition, net of cash acquired— 5,090 Purchase of Property and Equipment(17,325)— Proceeds from Sale of Asset82,665 — Net Cash Provided by Investing Activities65,340 5,090 Cash Flow from Financing ActivitiesProceeds from Notes Payable— 39,247 Proceeds from Whiskey Notes (including proceeds from related party Whiskey Notes of $0 and $1,100,000 for the three months ended March 31, 2025 and 2024, respectively)— 3,115,870 Repayment of Notes Payable(300,000)(41,454)Proceeds from Private Placement of Series B Preferred Stock (and warrants) (Note 7)1,679,810 — Proceeds from ELOC Sales of Common Stock 232,427 — Proceeds from Warrants Exercised67 — Deferred Transaction Costs associated with S-1 Filing— (81,996)Net Cash Provided by Financing Activities1,612,304 3,031,667 Net Increase (Decrease) in Cash(353,620)376,674 Cash – Beginning of Period453,162 76,878 Cash – End of Period$99,542 $453,552 Supplemental Cash Flow Information related to Interest Paid & Income Taxes Paid:Cash Paid during the Period for:Interest Expense$473,613 $516,559 Supplemental Schedule of Non-cash Investing and Financing Activities:Right-of-use Assets Obtained in Exchange for New Operating Lease Liabilities$181,861 $— Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities$— $76,608 Un