Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 130

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 Liabilities— (720,550)720,550 Change in Fair Value of Contingency Liability(62,424)— (62,424)Other (Income) / Expense(114,619)64 (114,683)Total Other Expense246,839,519 (1,352,841)248,192,360 Income / (Loss) Before Income Taxes245,690,687 (3,432,931)249,123,618 Income Taxes(49,426,794)— (49,426,794)Net Income / (Loss)$196,263,893 $(3,432,931)$199,696,824 Net Income / (Loss) Per Share, Basic$16.97 $(160.41)177.38 Weighted Average Common Shares Outstanding, Basic11,555,389 22,097 $11,533,292 Net Income / (Loss) Per Share, Diluted$16.97 $(160.41)$177.38 Weighted Average Common Shares Outstanding, Diluted11,555,389 22,097 11,533,292

59

Net Sales - Spirits BusinessThree Months Ended September 30,(rounded to $000’s)Total Sales - Spirits Business20252024ChangeProducts$816,000 $1,375,000 $(559,000)Services265,000 399,000 (134,000)$1,081,000 $1,774,000 $(693,000)

Net sales were approximately $1,081,000 and $1,774,000 for the three months ended September 30, 2025 and 2024, respectively, a decrease of approximately $693,000, or 39.1%, period over period. 

The approximately $559,000 net decrease in products sales, period over period, included:

Products Sales - Spirits BusinessThree Months Ended September 30,(rounded to $000’s)20252024ChangeWholesale$230,000 $492,000 $(262,000)Retail586,000 845,000 (259,000)Third Party— 38,000 (38,000) $816,000 $1,375,000 $(559,000)

•Beginning in the second quarter of 2025, we were involved in reevaluating our options and opportunities related to several cryptocurrency treasury strategies vis a vis our overall retail