Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 295

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 295
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094,734 1,094,518 216 Gross Profit227,088 747,797 (520,709)Operating ExpensesSales and Marketing1,971,923 1,297,796 674,127 General and Administrative4,904,126 1,747,694 3,156,432 Total Operating Expenses6,876,049 3,045,490 3,830,559 Operating Loss(6,648,961)(2,297,693)(4,351,268)Other Income (Expense)Interest Expense(595,309)(634,650)39,341 Change in Fair Value of Convertible Notes— 9,615,837 (9,615,837)Change in Fair Value of Warrant Liabilities— 1,274,812 (1,274,812)Change in Fair Value of Contingency Liability— 457,127 (457,127)Other (Income) / Expense(47,686)218 (47,904)Total Other Expense(642,995)10,713,344 (11,356,339)Income/(Loss) Before Income Taxes(7,291,956)8,415,651 (15,707,607)Income Taxes(3,122)(9,150)6,028 Net Income / (Loss)$(7,295,078)$8,406,501 $(15,701,579)Net Income / (Loss) Per Share, Basic$(0.77)$19.90 (20.67)Weighted Average Common Shares Outstanding, Basic11,000,519 421,799 $10,578,720 Net Income/(Loss) Per Share, Diluted$(0.77)$1.29 $(2.06)Weighted Average Common Shares Outstanding, Diluted11,000,519 4,573,063 6,427,456

49

Net Sales

Three Months Ended June 30,(rounded to $000’s)Total Sales20252024ChangeProducts$1,060,000 $1,445,000 $(385,000)Services261,000 399,000 (138,000)$1,321,000 $1,844,000 $(523,000)

Net sales were approximately $1,321,000 and $1,844,000 for the three months ended June 30, 2025 and