Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 359

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 359
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 and liabilities for operating leases were $ and $, respectively, as of September 30, 2025. The ROU assets and liabilities for operating leases were $ and $, respectively, as of December 31, 2024. The ROU assets for operating leases were included in “Operating Lease Right-of-Use Assets, net” in the accompanying consolidated balance sheets. The liabilities for operating leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the accompanying consolidated balance sheets.

Maturities of lease liabilities for the remainder of 2025 and the years through 2029 and thereafter are as follows:

| Years Ending            |     | Amounts |            |   |
|:------------------------|:----|:--------|-----------:|:--|
| 2025                    |     | $       |    308,994 |   |
| 2026                    |     |         |  1,210,428 |   |
| 2027                    |     |         |  1,195,583 |   |
| 2028                    |     |         |  1,092,122 |   |
| 2029                    |     |         |  1,070,866 |   |
| thereafter              |     |         |    651,814 |   |
| Total lease payments    |     | $       |  5,529,807 |   |
| Less: Interest          |     |         | (2,120,952 | ) |
| Total Lease Liabilities |     | $       |  3,408,855 |   |

NOTE 11 — COMMITMENTS AND CONTINGENCIES As an inducement to obtain financing in 2022 and 2023 through convertible notes, the Company agreed to pay a portion of certain future revenues the Company may receive from the sale of FBLLC or the Flavored Bourbon brand to the investors in such financings in the amount of 150% of their subscription amount for an aggregate of approximately $ 24,495,000. The Company maintains operating leases for various facilities. See Note 10, Leases, for further information. Litigation —From time to time, the Company may become involved in various legal proceedings in the ordinary course of its business and may be subject to third -partyinfringement claims. In the normal course of business, the Company may agree to indemnify third parties with whom