Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 299

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 299
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 31, 2024 |   |     |   | December 31, 2023 |   |
|:--------------------------------------------------------|:----|-----------:|:------------------------------------|:--|------------------:|:--|:----|:--|------------------:|:--|
| Machinery and Equipment                                 |     |    5 to 20 |                                     | $ |         3,478,062 |   |     | $ |         3,469,204 |   |
| Leasehold Improvements                                  |     | Lease term |                                     |   |         6,930,585 |   |     |   |         7,378,639 |   |
| Computer and Office Equipment                           |     |    3 to 10 |                                     |   |         2,460,632 |   |     |   |         2,492,310 |   |
| Vehicles                                                |     |          5 |                                     |   |           274,559 |   |     |   |           248,304 |   |
| Construction in Progress                                |     |        N/A |                                     |   |            84,957 |   |     |   |            11,500 |   |
| Total Property and Equipment                            |     |            |                                     |   |        13,228,795 |   |     |   |        13,599,957 |   |
| Less: Accumulated Depreciation                          |     |            |                                     |   |        (7,779,383 | ) |     |   |        (7,171,845 | ) |
| Property and Equipment, net of Accumulated Depreciation |     |            |                                     | $ |         5,449,412 |   |     | $ |         6,428,112 |   |

Depreciation expense related to property and equipment for the years ended December 31, 2024 and 2023 was $1,284,653 and $1,430,240 respectively.

| F-50 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements</div>

NOTE 5 — CONVERTIBLE NOTES

Increased Authorized Capital for Convertible Notes

On October 30, 2023, the Company’s Board of Directors and shareholders took certain actions and approved Amendments to the Company’s certificate of incorporation and bylaws in preparation for a planned initial public offering (the “