Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 377

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 377
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IC insurance protection each day. The funds are then swept back into the Company’s account at the beginning of the next business day. The aggregate limit that can be protected for the Company under this program is approximately million.

The Company considers the concentration of credit risk associated with its accounts receivable to be commercially reasonable and believes that such concentration does not result in the significant risk of near-term severe adverse impacts. As of December 31, 2024 and December 31, 2023, the Company had customers that individually represented 10% or more of the Company’s accounts receivable. There were two and two individual customers that together represented % and % of total accounts receivable, as of December 31, 2024 and December 31, 2023, respectively. There were five and four individual customer accounts that together represented % and % of total revenue for the years ended December 31, 2024 and 2023, respectively. There were two and three individual suppliers that together represented % and % of total accounts payable, as of December 31, 2024 and December 31, 2023, respectively.

Concentration of Revenues

|            |     | For the Years Ended 
        December 31, |   |     |      |   |
|            |     |                2024 |   |     | 2023 |   |
| Customer A |     |                  23 | % |     |   11 | % |
| Customer B |     |                  10 | % |     |   10 | % |
| Customer C |     |                  10 | % |     |   17 | % |
| Customer D |     |                  11 | % |     |    — | % |
| Customer E |     |                  25 | % |     |    — | % |
| Customer F |     |                   — | % |     |   27 | % |
|            |     |                  79 | % |     |   65 | % |

F-66 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Accounts receivable— Accounts receivable are reported at net realizable value. Receivables consist of amounts due from distributors. In evaluating the collectability of individual receivable balances, the Company considers several factors, including the age of the balance, the customers’ historical payment history, its credit worthiness and economic