Company: IPST
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001788230-25-000048
Chunk: 147

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 147
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 Services1,787,555 2,834,742 (1,047,187)Total Net Sales8,402,488 7,971,224 431,264 Cost of SalesProducts6,173,189 4,963,176 1,210,013 Services103,452 857,007 (753,555)Total Cost of Sales6,276,641 5,820,183 456,458 Gross Profit2,125,847 2,151,041 (25,194)Operating ExpensesSales and Marketing6,038,636 5,938,315 100,321 General and Administrative11,006,021 7,477,285 3,528,736 Total Operating Expenses17,044,657 13,415,600 3,629,057 Operating Loss(14,918,810)(11,264,559)(3,654,251)Other Income (Expense)Interest Expense(2,535,701)(2,526,740)(8,961)Gain on Investment3,421,222 — 3,421,222 Change in Fair Value of Convertible Notes14,028,067 (22,764,854)36,792,921 Change in Fair Value of Warrant Liabilities736,580 (240,159)976,739 Other (Income) / Expense(11,750)4,893 (16,643)Total Other Expense15,638,418 (25,526,860)41,165,278 Income/(Loss) Before Income Taxes719,608 (36,791,419)37,511,027 Income Taxes(9,150)(7,000)(2,150)Net Income/(Loss)$710,458 $(36,798,419)$37,508,877 Net Income/(Loss) Per Share, Basic$0.05 $(96.45)$96.50 Weighted Average Common Shares Outstanding, Basic1,281,339381,543$899,796.00 Net Income/(Loss) Per Share, Diluted$(1.97)$(96.45)$94.47 Weighted Average Common Shares Outstanding, Diluted7,077,759381,5436,696,216

Cost of Sales of approximately $6,277,000 and $5,820,000, and Operating Expenses of approximately $17