Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 236

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 236
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31, 2025.

The following table represents principal repayments from 2025 and the years through 2029 and thereafter:

SCHEDULE OF PRINCIPAL REPAYMENTS

| Years                          
 Ending                         
 2025                           
 2026                           
 2027                           
 2028                           
 2029                           
 2029                           
 thereafter                     |     | Amount |  3,529,169 
  9,245,977 
     66,789 
    239,081 
          — 
          — |
|:-------------------------------|:----|:-------|-----------:|
| Total                          
 borrowing principal repayments |     | $      | 13,081,016 |

Liabilities for Deferred Revenue— During 2023, the Company entered into a distilled spirits barreling production agreement with a related party for production of 1,200barrels of distilled spirits over time. There was a prepayment of $ 1,000,000made to the Company in January 2023. In March 2024, the agreement was amended to 600barrels for $ 500,000, with the then $ 500,000excess prepayment used to purchase a Whiskey Note in the principal amount of $ 672,500, which was subsequently exchanged (upon the consummation of the Company’s initial public offering on November 25, 2024) under the terms of a Subscription Exchange Agreement for common stock in conjunction with the February 29, 2024 exchange of Whiskey Notes for common stock.

| 143 |

Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

NOTE 6 — FAIR VALUE MEASUREMENT

Upon the consummation of the Company’s initial public offering on November 25, 2024, the 2022 and 2023 Convertible Notes; Warrant Liabilities - 2022 and 2023 Convertible Notes; Whiskey Special Ops 2023 Notes; and Warrant Liabilities - Whiskey Special Ops 2023 Notes were all exchanged and reclassified from liabilities to equity. Accordingly, the respective fair values of those liabilities as of March 31, 2025 and December 31, 2024 was $ 0,

The following table provides a roll forward of the aggregate fair values of the Company’s financial instruments described above, for which fair value is determined using Level 3 inputs:

SCHEDULE OF AGGREGATE FAIR VALUE OF FIN