Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 148

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 148
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 locations on Mondays and Tuesdays as we get closer to the Memorial Day holiday to take advantage of higher summer foot traffic. •The approximately $187,000 decrease in third -partyproducts sales was primarily a result of winding down our contracts on producing bulk whiskey for third parties in 2024 as we continue to shift our focus and resources into higher margin activities. Online DtC Product Sales from our online distributor’s inventory sold retailers for resale to retail customers for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 reflected the Company’s increased focus on high -margindirect to consumer (“DtC”) and online sales period over period. The tables below report the substantial increase in the retail value of DtC products sold to consumers during the six months ended June 30, 2025 versus 2024 (sales from our online distributor’s inventory) as follows (in dollars and units sold): The approximately $358,000 decrease in net sales of services period over period included:

| Services Sales         
 2025                   |     | Six Months Ended June 30, 
 (rounded to $000’s)       |    2024 |     |   |  Change |     |   |          |   |
|:-----------------------|:----|:--------------------------|--------:|:----|:--|--------:|:----|:--|:---------|:--|
| Third Party Production |     | $                         |  14,000 |     | $ | 117,000 |     | $ | (103,000 | ) |
| Retail Services        |     |                           | 485,000 |     |   | 665,000 |     |   | (180,000 | ) |
| Consulting and Other   |     |                           |  16,000 |     |   |  91,000 |     |   | (75,000  | ) |
|                        |     | $                         | 515,000 |     | $ | 873,000 |     | $ | (358,000 | ) |

•The approximately $103,000 decrease in third -partyproduction resulted from the ending of a low -marginthird -partybottling contract as of January31, 2024. The bulk of our revenue in this category included production services revenue related to a contract we had to produce a gin for a large international spirit brand owner as we made the choice to focus our time,