Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 29

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 months  ended June 30, 2025 and 2024, respectively)— 3,655,870 Repayment of Notes Payable(300,000)(85,774)Common Stock Shares Repurchased— (2,430)Proceeds from Private Placement of Series A Preferred Stock (and warrants)1,830,000 Proceeds from Private Placement of Series B Preferred Stock (and warrants) (Note 7)2,791,810 — Proceeds from ELOC Sales of Common Stock 730,074 — Proceeds from Warrants Exercised67 — Deferred Transaction Costs associated with S-1 Filing— (92,326)Net Cash Provided by / (Used in) Financing Activities3,221,951 5,744,254 Net Increase / (Decrease) in Cash(267,209)74,735 Cash – Beginning of Period453,162 76,878 Cash – End of Period$185,953 $151,613 Supplemental Cash Flow Information related to Interest Paid & Income Taxes Paid:Cash Paid during the Period for:Interest Expense$911,240 $1,072,338 Income Tax Expense$3,122 $9,150 Supplemental Schedule of Non-cash Investing and Financing Activities:    Series B Preferred Stock Issued in Exchange for Series A Preferred Stock$4,092,567 $—     Series B Preferred Stock Issued in Exchange for Prepaid Warrants$559,180 $— Exercise of Prepaid Warrants to Purchase Common Stock$11 $— Exercise of Common Warrants to Purchase Common Stock$7 $— Exchange of Prepaid Warrants to Purchase Common Stock for Series B Preferred Stock$4 $— Exchange of Series A Preferred Stock and Related Warrants for Series B Preferred Stock$42 $— RSUs Vested$275 $— Right-of-use Assets Obtained in Exchange for New Operating Lease Liabilities$181,861 $— Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities$— $246,308 

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

Table of ContentsHeritage Distilling Holding Company, Inc.Notes to Condensed Consolidated Financial Statements(unaudited)

NOTE 1 — DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION

Description of operations —