Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 273

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part II, Item 8
Chunk 273
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271,002 Operating Loss(1,148,832)(2,080,090)931,258 Other Income (Expense)Interest Expense(497,975)(661,643)163,668 Gain on Extinguishment of Debt1,673,127— 1,673,127 Change in Fair Value of Intangible Digital Assets245,841,410— 245,841,410 Change in Fair Value of Convertible Notes— 29,288 (29,288)Change in Fair Value of Warrant Liabilities— (720,550)720,550 Change in Fair Value of Contingency Liability(62,424)— (62,424)Other (Income) / Expense(114,619)64 (114,683)Total Other Expense246,839,519 (1,352,841)248,192,360 Income / (Loss) Before Income Taxes245,690,687 (3,432,931)249,123,618 Income Taxes(49,426,794)— (49,426,794)Net Income / (Loss)$196,263,893 $(3,432,931)$199,696,824 Net Income / (Loss) Per Share, Basic$16.97 $(160.41)177.38 Weighted Average Common Shares Outstanding, Basic11,555,389 22,097 $11,533,292 Net Income / (Loss) Per Share, Diluted$16.97 $(160.41)$177.38 Weighted Average Common Shares Outstanding, Diluted11,555,389 22,097 11,533,292

59

Net Sales - Spirits BusinessThree Months Ended September 30,(rounded to $000’s)Total Sales - Spirits Business20252024ChangeProducts$816,000 $1,375,000 $(559,000)Services265,000 399,000 (134,000)$1,081,000 $1,774,000 $(693,000)

Net sales were approximately $1,081,000 and $1,774,000 for the three months ended September 30, 2025 and 2024, respectively, a decrease of approximately $693,000, or 39.1%, period over period. 

The approximately $559,000 net decrease in products sales, period over period, included:

Products Sales - Spirits BusinessThree