Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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Item 1. Financial Statements 

HERITAGE DISTILLING HOLDING COMPANY, INC.CONSOLIDATED FINANCIAL STATEMENTS

Index to Consolidated Financial Statements

Unaudited Interim Condensed Consolidated Financial Statements for the Three and Nine Month Periods ended September 30, 2025 and 2024  PageCondensed Consolidated Balance Sheets as of September 30, 2025  and December 31, 2024 4Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 30, 2025 and 2024 5Condensed Consolidated Statements of Stockholders’ Equity/(Deficit) for the Three and Nine Months ended  September 30, 2025 and 2024  6Condensed Consolidated Statements of Cash Flows for the Nine Months ended September 30, 2025 and 2024 7Notes to Unaudited Condensed Consolidated Financial Statements 8

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Table of Contents

 Heritage Distilling Holding Company, Inc.

Condensed Consolidated Balance Sheets(unaudited)

September 30, 2025December 31, 2024ASSETSCurrent AssetsCash$1,674,674 $453,162 Accounts Receivable202,775 638,890 Inventory2,280,270 2,471,567 Other Current Assets777,623 355,928 Total Current Assets4,935,342 3,919,547 Long Term AssetsProperty and Equipment, net of Accumulated Depreciation4,109,920 5,449,412 Operating Lease Right-of-Use Assets, net2,797,808 3,303,158 Investment in Flavored Bourbon LLC14,285,222 14,285,222 Intangible Digital Assets (Note 7)455,648,074 — Other Intangible Assets (Note 9)394,171 421,151 Goodwill (Note 9)589,870 589,870 Other Long Term Assets17,965 31,666 Total Long Term Assets477,843,030 24,080,479 Total Assets$482,778,372 $28,000,026 LIABILITIES & STOCKHOLDERS’ EQUITY / (DEFICIT)Current LiabilitiesAccounts Payable$3,068,371 $4,979,353 Accrued Payroll1,572,591