Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 171

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 171
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 $508,000 of non -cashamortization of operating lease right -of-useassets; $242,000 of loss on disposal of property and equipment; and, $346,000 of non -cashinterest expense primarily associated with our notes payable. The approximately $25,425,000 of non -cashadjustments in the years ended December 31, 2023 included approximately: $1,430,000 of depreciation expense; $493,000 of non -cashamortization of operating lease right -of-useassets; $22,765,000 of loss on change in fair value of convertible notes; $240,000 of loss on change in fair value of warrant liabilities; $19,000 of non -cashshare -basedcompensation; and $435,000 of non -cashinterest expense primarily associated with our notes payable. Net Cash Used in Investing Activities During the nine months ended September 30, 2025 and 2024, net cash provided by (used in) investing activities was approximately $(20,947,000) and $(627,000), respectively, related primarily to approximately $21,000,000 for the purchase of intangible digital assets in the nine months ended September30, 2025. During the years ended December 31, 2024 and 2023, net cash used in investing activities was approximately $101,000 and $24,000, respectively. Investing activities during the years ended December 31, 2024 and 2023 were related primarily to the purchase of property and equipment, net of minor amounts related to purchases/sales of assets. Net Cash Provided by Financing Activities During the nine months ended September 30, 2025 and 2024, net cash provided by financing activities was approximately $29,990,000 and $6,210,000, respectively. The cash proceeds received in the nine months ended September 30, 2025 were primarily comprised of approximately: $30,077,000 from the PIPE sale of prepaid warrants, net; $4,917,000 from the sale of common stock under the ELOC; $2,917,000 from the sale of Series B Preferred Stock (and warrants for the first two non -ELOCInvestor subscriptions); offset by repayment of notes payable of $7,821,000. The cash proceeds received in the nine months ended September 30, 2024 of approximately $6,210,000 were related to proceeds from convertible notes of $3,656,