Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 108

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 108
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211,000 in product inventory write downs and adjustments 
 in 2024 compared to a positive inventory adjustment of approximately $21,000 in 2023.              |

Gross Profit

Gross profit was approximately $2,126,000 and $2,151,000 for the years ended December 31, 2024 and 2023, respectively, a decrease of approximately $25,000, or 1.2%, period over period, and included:

|          | Total Gross 
 Profit      | Years              
 Ended December 31, 
 (rounded           
 to $000’s)         |      2024 |     |   |      2023 |     |   |   Change |   |
|:---------|:------------|:-------------------|----------:|:----|:--|----------:|:----|:--|---------:|:--|
| Products |             | $                  |   442,000 |     | $ |   173,000 |     | $ |  269,000 |   |
| Services |             |                    | 1,684,000 |     |   | 1,978,000 |     |   | (294,000 | ) |
|          |             | $                  | 2,126,000 |     | $ | 2,151,000 |     | $ |  (25,000 | ) |

|             |     |    Years 
    Ended 
 December 
      31, |      |   |     |      |      |   |     |        |      |    |
| Total Gross 
 Margin      |     |     2024 |      |   |     | 2023 |      |   |     | Change |      |    |
| Products    |     |          |  6.7 | % |     |      |  3.4 | % |     |        |  3.3 | %  |
| Services    |     |          | 94.2 | % |     |      | 69.8 | % |     |        | 24.5 | %  |
|             |     |          | 25.3 | % |     |      | 27.0 | % |     |        | (1.7 | )% |

|          | Total Sales | Years              
 Ended December 31, 
 (rounded           
 to $000’s)         |      2024 |     |