Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 312

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 312
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:|:----|:--|----------:|
| Direct to Consumer                          |     | $                         | 1,757,198 |     | $ | 2,526,302 |
| Wholesale                                   |     |                           |   956,814 |     |   | 1,299,067 |
| Third Party                                 |     |                           |         — |     |   |   225,718 |
| Total Products Revenue                      |     |                           | 2,714,012 |     |   | 4,051,087 |
| Distillery Services                         |     |                           |   780,250 |     |   | 1,258,820 |
| Total Revenue from Contracts with Customers |     |                           | 3,494,262 |     |   | 5,309,907 |
| Crypto and Related Revenue                  |     |                           | 1,908,544 |     |   |         — |
| Total Revenue                               |     | $                         | 5,402,806 |     | $ | 5,309,907 |

Excise taxes— Excise taxes are levied on alcoholic beverages by governmental agencies. For imported alcoholic beverages, excise taxes are levied at the time of removal from the port of entry and are payable to the U.S. Customs and Border Protection (the “CBP”). For domestically produced alcoholic beverages, excise taxes are levied at the time of removal from a bonded production site and are payable to the Alcohol and Tobacco Tax and Trade Bureau (the “TTB”). These taxes are not collected from customers but are instead the responsibilities of the Company. The Company’s accounting policy is to include excise taxes in “Cost of Sales” within the consolidated statements of operations, which totaled $113,164 and $144,711 for the nine months ended September 30, 2025 and 2024, respectively. Shipping and handling costs— Shipping and handling costs of $118,246 and $153,323 were included in “Cost of Sales” within the condensed consolidated statements of operations for the nine months ended September 30, 2025 and 2024, respectively. Stock -based compensation— The Company measures compensation for all stock -basedawards at fair value on the grant date and recognizes compensation expense over the service period on a straight -linebasis for awards expected to vest. (See also Note 8: stock options; and, restricted stock units.) The fair value of stock options granted is estimated