Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 26

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 26
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          2,471,567 |

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

|                                                         |     |            | Estimated  Useful Lives  (in years) |   |   June 30, 
       2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------------------|:----|-----------:|:------------------------------------|:--|-----------:|:--|:----|:--|-------------:|:--|
| Machinery and Equipment                                 |     |    5 to 20 |                                     | $ |  3,405,942 |   |     | $ |    3,478,062 |   |
| Leasehold Improvements                                  |     | Lease term |                                     |   |  6,930,585 |   |     |   |    6,930,585 |   |
| Computer and Office Equipment                           |     |    3 to 10 |                                     |   |  2,452,774 |   |     |   |    2,460,632 |   |
| Vehicles                                                |     |          5 |                                     |   |    274,559 |   |     |   |      274,559 |   |
| Construction in Progress                                |     |        N/A |                                     |   |     84,954 |   |     |   |       84,957 |   |
| Total Property and Equipment                            |     |            |                                     |   | 13,148,814 |   |     |   |   13,228,795 |   |
| Less: Accumulated Depreciation                          |     |            |                                     |   | (8,315,839 | ) |     |   |   (7,779,383 | ) |
| Property and Equipment, net of Accumulated Depreciation |     |            |                                     | $ |  4,832,975 |   |     | $ |    5,449,412 |   |

Depreciation expense related to property and equipment for the three months ended June 30, 2025 and 2024 was 273,928 and 334,797 respectively; and for the six months ended June 30, 2025 and 2024 was $570,456 and $655,262 respectively.

NOTE 5 — BORROWINGS

Borrowings