Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 289

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 289
---
 — |     |            |          — |   |     |              |   5,426,409 |   |     |               |   5,426,409 |   |
| Ending Balance September 30, 2024                       |     |       22,095 |   |     | $     | 2 |     |          494,840 |     | $     | 49 |     | $          | 35,428,796 |   |     | $            | (69,418,067 | ) |     | $             | (33,989,220 | ) |

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

F-5

Heritage Distilling Holding Company, Inc.
Condensed Consolidated Statements of Cash Flows
(unaudited)

|                                                                                                                                                                            |     | For the Nine Months Ended 
 September 30,             |         2025 |   |     |   |       2024 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------------------|-------------:|:--|:----|:--|-----------:|:--|
| Net Income/(Loss)                                                                                                                                                          |     | $                         |  185,935,769 |   |     | $ |  5,426,409 |   |
| Adjustments to Reconcile Net Income/(Loss) to Net Cash Used in Operating Activities:                                                                                       |     |                           |              |   |     |   |            |   |
| Depreciation Expense                                                                                                                                                       |     |                           |      832,476 |   |     |   |    984,329 |   |
| Amortization of operating lease right-of-use assets                                                                                                                        |     |                           |      304,217 |   |     |   |    365,088 |   |
| Loss on disposal of property and equipment                                                                                                                                 |     |                           |      481,008 |   |     |   |     37,154 |   |
| Non-cash Warrant Issued                                                                                                                                                    |     |                           |    1,133,663 |   |     |   |          — |   |
| Change in Fair Value of Intangible Digital Assets                                                                                                                          |     |                           | (245,841,410 | ) |     |   |          — |   |
| Gain on Investment                                                                                                                                                         |     |                           |            — |   |     |   | (3,421,222 |