Company: IPST
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001788230-25-000048
Chunk: 267

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 8
Chunk 267
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013 Operating Lease Liabilities, Current1,131,545 1,294,706 Notes Payable, Current3,758,595 14,270,956 Convertible Notes Payable (2022 and 2023 Convertible Notes) (including related party convertible notes of $0 and $17,220,203 as of December 31, 2024 and 2023, respectively) (See Notes 5 and 15)— 36,283,891 Accrued Interest202,367 1,152,998 Total Current Liabilities13,811,514 62,848,642 Long Term LiabilitiesOperating Lease Liabilities, net of Current Portion2,810,015 3,081,924 Notes Payable, net of Current Portion9,482,339 — Convertible Notes Payable (Whiskey Notes) (including a related party convertible note of $0 and $390,607 as of December 31, 2024 and 2023, respectively)— 1,452,562 Warrant Liabilities (2022 and 2023 Convertible Notes) (including a related party warrant liability of $0 and $340,918 as of December 31, 2024 and 2023, respectively)— 794,868 Warrant Liabilities (Whiskey Notes) (including a related party warrant liability of $0 and $406,774 as of December 31, 2024 and 2023, respectively)— 1,512,692 Accrued Interest, net of Current Portion977,316 — Other Long Term Liabilities127,075 — Total Long-Term Liabilities13,396,745 6,842,046 Total Liabilities27,208,259 69,690,688 Commitments and Contingencies (Note 13)Stockholders’ Equity / (Deficit)Preferred Stock, par value $0.0001 per share; 5,000,000 and 0 shares authorized; 500,000 and 0 shares designated Series A as of December 31, 2024 and 2023, respectively; 494,840 and 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively49 — Common Stock, par value $0.0001 per share; 70,000,000 and 10,000,000 shares authorized as of December