Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 351

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 351
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 the Company seeking $ 470,000under the Oregon dissenter rights statute, plus interest. While we are reviewing the matter, we believe the amount being sought is solely without merit and grossly overinflates the value of the enterprise, and we intend to vigorously defend this matter. Further, we believe we have counterclaims against the plaintiff for actions taken by him before, during and after the closing of the acquisition transaction that further effected the valuation of the acquisition and adversely affected the Company’s investment in Thinking Tree Spirits.As a result of netting out the amount paid to such dissenters from the makeup provisions of the acquisition agreement with the remaining TTS shareholders, the Company believes it will issue the remaining TTS shareholders up to a maximum of an additional 83,407shares of unregistered common stock which will be subject to lockup agreements that do not allow such shares to be sold until after the one hundred and eighty (180) day anniversary of the date of their grant. The granting of such shares shall occur after the Company has been advised by outside counsel that the final dissenter matter is concluded.

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Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements

NOTE 11 — INCOME TAXES

The tax effects of significant items comprising the Company’s deferred taxes as of December 31 are as follows:

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

| Deferred Tax Assets                |     | 2024         
 December 31, 
 2024         |             |   |     | 2023 
 2023 |             |   |
|:-----------------------------------|:----|:-------------|------------:|:--|:----|:-----|------------:|:--|
| Reserves                           |     | $            |      88,630 |   |     | $    |      74,283 |   |
| Deferred Wages                     |     |              |      88,795 |   |     |      |      93,745 |   |
| Lease Liability                    |     |              |     894,703 |   |     |      |   1,005,696 |   |
| Net Operating Loss Carryforwards   |     |              |  14,036,687 |   |     |      |  11,250,985 |   |
| Credit Carryforwards               |     |              |     191,979 |   |     |      |     164,796