Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 223

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 223
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 statement of operations. ASU 2024-03, as clarified by ASU 2025-01, is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact these standards will have on it financial statements.

NOTE 3 — INVENTORIES

Inventories consisted of the following:

SCHEDULE OF INVENTORIES

|                 |     | As of December 31, 
 2024               |      2024 |     | 2023 |      2023 |
|:----------------|:----|:-------------------|----------:|:----|:-----|----------:|
| Finished Goods  |     | $                  |   461,254 |     | $    |   531,302 |
| Work-in-Process |     |                    |   936,181 |     |      |   989,712 |
| Raw Materials   |     |                    | 1,074,132 |     |      | 1,235,336 |
| Total Inventory |     | $                  | 2,471,567 |     | $    | 2,756,350 |

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

|                                                         |     |            | Estimated  Useful Lives  (in years) |   | December 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 |                                     |