Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 314

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 314
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 captions presented in the statement of operations. ASU 2024 -03, as clarified by ASU 2025 -01, is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact these standards will have on its financial statements. F-23

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited)

NOTE 3 — INVENTORIES

Inventories consisted of the following:

|                 |     |   | September 30, 
          2025 |     |   | December 31, 
         2024 |
|:----------------|:----|:--|--------------:|:----|:--|-------------:|
| Finished Goods  |     | $ |       444,981 |     | $ |      461,254 |
| Work-in-Process |     |   |     1,073,154 |     |   |      936,181 |
| Raw Materials   |     |   |       762,135 |     |   |    1,074,132 |
| Total Inventory |     | $ |     2,280,270 |     | $ |    2,471,567 |

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

|                                                         |     |            | Estimated    
 Useful Lives 
 (in years)   |   | September 30, 
          2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------------------|:----|-----------:|:-------------|:--|--------------:|:--|:----|:--|-------------:|:--|
| Machinery and Equipment                                 |     |    5 to 20 |              | $ |     2,916,063 |   |     | $ |    3,478,062 |   |
| Leasehold Improvements                                  |     | Lease term |              |   |     6,930,584 |   |     |   |    6,930,585 |   |
| Computer and Office Equipment                           |     |    3 to 10 |              |   |     2,086,612 |   |     |   |    2,460,632 |