Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 30

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
Cash – End of Period$1,674,674 $31,845 Supplemental Cash Flow Information related to Interest Paid & Income Taxes Paid:Cash Paid during the Period for:Interest Expense$911,240 $1,584,729 Income Tax Expense$3,122 $9,150 Supplemental Schedule of Non-cash Investing and Financing Activities:    Purchase of $IP Tokens with USDC$59,000,184 $—     Sale of Prepaid Warrants for $IP Tokens and USDC in PIPE Offering$188,357,783 $— Series A Preferred Stock and Warrants Issued in Exchange for Barrels and Inventory$— $1,265,600 Series A Preferred Stock and Warrants Issued in Exchange for factoring agreement notes payable including interest$— $719,919     Series B Preferred Stock Issued in Exchange for Series A Preferred Stock$4,092,567 $—     Series B Preferred Stock Issued in Exchange for Prepaid Warrants$559,180 $— Issued Warrants for Debt Settlements$4,097,287 $— Exercise of Prepaid Warrants to Purchase Common Stock$11 $— Exercise of Common Warrants to Purchase Common Stock$7 $— Exchange of Prepaid Warrants to Purchase Common Stock for Series B Preferred Stock$4 $— Exchange of Series A Preferred Stock and Related Warrants for Series B Preferred Stock$42 $— RSUs Vested$275 $— Right-of-use Assets Obtained in Exchange for New Operating Lease Liabilities$(201,133)$152,821 Unpaid Property and Equipment Additions$— $43,081 Deferred Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities$— $290,204 

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

Table of ContentsHeritage Distilling Holding Company, Inc.Notes to Condensed Consolidated Financial Statements(unaudited)

NOTE 1 — DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION

Description of operations — Heritage Distilling Holding Company, Inc. (“HDHC” or the “Company”) is a Delaware corporation that was formed for the purpose of investing in, managing, and/or operating businesses that are engaged in the production, sale, or distribution of alcoholic beverages. The Company is headquartered in Gig Harbor, Washington