Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 180

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 180
---
 related to proceeds from sale of assets. During the years ended December 31, 2024 and 2023, net cash used in investing activities was approximately $101,000 and $24,000, respectively. Investing activities during the years ended December 31, 2024 and 2023 were related primarily to the purchase of property and equipment, net of minor amounts related to purchases/sales of assets. Net Cash Provided by Financing Activities During the six months ended June 30, 2025 and 2024, net cash provided by financing activities was approximately $3,222,000 and $5,744,000, respectively. The cash proceeds received in the six months ended June 30, 2025 were primarily comprised of approximately: $730,000 from the sale of common stock under the ELOC; $2,792,000 from the sale of Series B Preferred Stock (and warrants for the first two non -ELOCInvestor subscriptions); offset by repayment of notes payable of $300,000. The cash proceeds received in the six months ended June 30, 2024 of approximately $5,744,000 were related to approximately: proceeds from convertible notes of $3,656,000 (of which approximately $1,433,000 was from a related party); $439,000 proceeds from notes payable; offset by deferred transaction costs associated with our IPO of $92,000; and repayment of notes payable of $86,000. During the years ended December 31, 2024 and 2023, net cash provided by financing activities was approximately $11,693,000 and $8,358,000, respectively. The cash proceeds received in the year ended December 31, 2024 were primarily comprised of approximately: $3,656,000 of proceeds from the sale of convertible notes (of which $1,433,000 was from a related party); $695,000 proceeds from notes payable; $5,960,000 from proceeds of our initial public offering; $2,025,000 from the sale of preferred stock; offset by repayment of notes payable of $1,723,000; and $4,000 of other expenditures. The cash proceeds received in the year ended December 31, 2023 of approximately $8,358,000 were related to approximately: proceeds from convertible notes of $8,565,000 (of which $3,750,000 was from a related party); $250,000 proceeds from notes payable;