Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 313

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 313
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             | —           |   |     |               |     (12,960 | ) |
| Share-based Compensation            |     |              |       — |   |     |        |  — |     |            |     86,659 |   |     |             | —           |   |     |               |      86,659 |   |
| Warrants Issued                     |     |              |       — |   |     |        |  — |     |            |    303,000 |   |     |             | —           |   |     |               |     303,000 |   |
| Warrants Exercised                  |     |              |     474 |   |     |        |  — |     |            |     49,980 |   |     |             | —           |   |     |               |      49,980 |   |
| Net Loss                            |     |              |       — |   |     |        |  — |     |            |          — |   |     |             | (12,268,216 | ) |     |               | (12,268,216 | ) |
| Ending Balance December 31, 2022    |     |              | 381,555 |   |     | $      | 67 |     | $          | 31,414,699 |   |     | $           | (38,046,057 | ) |     | $             |  (6,631,291 | ) |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-46

Heritage Distilling Holding Company, Inc.
Consolidated Statements of Cash flows</div>

|                                                                                                                                                                                             |     | For the Years Ended 
 December 31,        |        2023 |   |     |   |        2022 |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:--|------------:|:--|
| Net Loss                                                                                                                                                                                    |     | $                   | (36,798,419 | ) |     | $ | (12,268,216 | ) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:                                                                                                                 |     |                     |             |   |     |   |             |   |
| Depreciation Expense                                                                                                                                                                        |     |                     |   1,430,