Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 371

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 371
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:-----------------|------------:|:--|
| Beginning Balance December 31, 2022 |     |       19,077 |       |     | $ | 2 |     | $          | 31,414,764 |   |     | $           | (38,046,057 | ) |     | $                |  (6,631,291 | ) |
| Shares Repurchased                  |     |           (3 | )     |     |   | — |     |            |    (11,340 | ) |     |             | —           |   |     |                  |     (11,340 | ) |
| Share-based Compensation            |     |            — |       |     |   | — |     |            |     18,594 |   |     |             | —           |   |     |                  |      18,594 |   |
| Net Loss                            |     |            — |       |     |   | — |     |            |          — |   |     |             | (36,798,419 | ) |     |                  | (36,798,419 | ) |
| Ending Balance December 31, 2023    |     |       19,074 |       |     | $ | 2 |     | $          | 31,422,018 |   |     | $           | (74,844,476 | ) |     | $                | (43,422,456 | ) |

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

F-59

Heritage Distilling Holding Company, Inc. Consolidated Statements of Cash Flows

|                                                                                                                                                                             |     | For the Twelve Months Ended 
 December 31,                |        2024 |   |     |   |        2023 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------------------------|------------:|:--|:----|:--|------------:|:--|
| Net Income/(Loss)                                                                                                                                                           |     | $                           |     710,458 |   |     | $ | (36,798,419 | ) |
| Adjustments to Reconcile Net Income/(Loss) to Net Cash Used in Operating Activities:                                                                                        |     |                             |             |   |     |   |             |   |
| Depreciation Expense                                                                                                                                                        |     |                             |   1,284,653 |   |     |   |