Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 318

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 318
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, 2025, the principal repayments of the Company’s debt measured on an amortized basis of $ will be due within five years from the issuance of these condensed consolidated financial statements. The outstanding principal repayments due within the next 12 months of $ and $, respectively, net of debt issuance costs of and $, respectively, was classified as a current liability on the Company’s consolidated balance sheet as of September 30, 2025 and December 31, 2024. The outstanding principal repayments due after the next 12 months of $ was classified as a long-term liability on the Company’s consolidated balance sheet as of September 30, 2025.

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

| Years Ending 
 2025         
 2026         
 2027         
 2028         
 2029         
 thereafter   |     | Amount | 2,308,109 
    67,678 
    71,139 
   149,701 
         — 
         — |
|:-------------|:----|:-------|----------:|
|              |     | $      | 2,596,627 |

Liabilities for Deferred Revenue — During 2023, the Company entered into a distilled spirits barreling production agreement with a related party for production of barrels of distilled spirits over time. There was a prepayment of $ made to the Company in January 2023. In March 2024, the agreement was amended to barrels for $, with the then $ excess prepayment used to purchase a promissory note in the principal amount of $, 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 promissory notes for common stock.

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 both September 30, 2025 and December