Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 148

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 148
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payment discount of 5.0%. As of September 30, 2024 and December 31, 2023, the outstanding balance
of the 2023 Channel Partners Loan was $16,569 and $149,824, respectively. Subsequent to September 30, 2024, we paid the remaining balance
due under the 2023 Channel Partners Loan in October 2024.

Cash Flows

The following table sets forth a summary of cash
flows for the periods presented:

| Summary of Cash Flows                     |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) 
 2024                |            |   |     | 2023 |            |   |     | Years Ended         
 December 31,        
 (rounded to $000’s) 
 2023                |            |   |     | 2022 |            |   |
|:------------------------------------------|:----|:--------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:--------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net Cash Used in Operating Activities     |     | $                   | (6,228,000 | ) |     | $    | (6,068,000 | ) |     | $                   | (8,480,000 | ) |     | $    | (9,297,000 | ) |
| Net Cash Used in Investing Activities     |     |                     |    (27,000 | ) |     |      |   (173,000 | ) |     |                     |    (24,000 | ) |     |      |   (614,000 | ) |
| Net Cash Provided by Financing Activities |     |                     |  6,210,000 |   |     |      |  6,047,000 |   |     |                     |  8,358,000 |   |     |      |  9,929,000 |   |
| Net increase (decrease) in cash           |     | $                   |    (45,000 | ) |     | $    |   (194,000 | ) |     | $                   |   (146,000 | ) |     | $    |     18,000 |   |

Net Cash Used in Operating Activities

During the nine months ended September 30, 2024
and 2023