Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 153

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 153
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2024 to begin our growth. The approximately $1,479,000 net increase in products sales, period over period, included:

| Products Sales 
 2024           |     | Years Ended December 31, 
 (rounded to $000’s)      |      2023 |     |   |    Change |     |   |           |   |
|:---------------|:----|:-------------------------|----------:|:----|:--|----------:|:----|:--|----------:|:--|
| Wholesale      |     | $                        | 1,596,000 |     | $ | 1,658,000 |     | $ |   (62,000 | ) |
| Retail         |     |                          | 3,899,000 |     |   | 3,183,000 |     |   |   716,000 |   |
| Third Party    |     |                          | 1,120,000 |     |   |   295,000 |     |   |   825,000 |   |
|                |     | $                        | 6,615,000 |     | $ | 5,136,000 |     | $ | 1,479,000 |   |

90

•The approximately $716,000 increase in retail products sales was primarily a result of the launch of our Special Operations Saluteline in November 2023 and is an important part of our strategy as our margins on sales direct to consumers are highest for us. The year over year change also included lesser impacts as a result of: reduced sales following the closure of our Ballard, Washington retail location in late March 2023 (which generated almost a full quarter of retail tasting room revenue in early 2023); offset by increased sales as a result of our acquisition of TTS in February 2024 (and the resulting increase from sales of TTS products and revenue from the acquired TTS tasting room in Eugene, Oregon). •The approximately $825,000 increase in third -partyproducts sales was primarily a result of our production of bulk whiskey produced and barreled under contract for third parties, barreled whiskey sold to third parties, and royalties from spirits sales under the new TBN model. The approximately $1,048,000 decrease in net sales of services period over period included:

| Services Sales         
 2024                   |     | Years Ended December 31, 
 (rounded to $000’s)      |