Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 309

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 309
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 basis, reflecting only the portion of protocol rewards and commission to which it is entitled.

The following table presents revenue disaggregated by sales channel:

|                                             |     | For the Nine Months Ended 
 September 30,             |      2025 |     |   |      2024 |
|:--------------------------------------------|:----|:--------------------------|----------:|:----|:--|----------:|
| Direct to Consumer                          |     | $                         | 1,757,198 |     | $ | 2,526,302 |
| Wholesale                                   |     |                           |   956,814 |     |   | 1,299,067 |
| Third Party                                 |     |                           |         — |     |   |   225,718 |
| Total Products Revenue                      |     |                           | 2,714,012 |     |   | 4,051,087 |
| Distillery Services                         |     |                           |   780,250 |     |   | 1,258,820 |
| Total Revenue from Contracts with Customers |     |                           | 3,494,262 |     |   | 5,309,907 |
| Crypto and Related Revenue                  |     |                           | 1,908,544 |     |   |         — |
| Total Revenue                               |     | $                         | 5,402,806 |     | $ | 5,309,907 |

Excise taxes— Excise taxes are levied on alcoholic beverages by governmental agencies. For imported alcoholic beverages, excise taxes are levied at the time of removal from the port of entry and are payable to the U.S. Customs and Border Protection (the “CBP”). For domestically produced alcoholic beverages, excise taxes are levied at the time of removal from a bonded production site and are payable to the Alcohol and Tobacco Tax and Trade Bureau (the “TTB”). These taxes are not collected from customers but are instead the responsibilities of the Company. The Company’s accounting policy is to include excise taxes in “Cost of Sales” within the consolidated statements of operations, which totaled $ 113,164and $ 144,711for the nine months ended September 30, 2025 and 2024, respectively.

Shipping and handling costs— Shipping and handling costs of $ 118,246and $ 153,323were included in “Cost of Sales” within the condensed consolidated statements of operations for the nine months ended September 30, 202