Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 275

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 275
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806 |
| Interest on Lease Liabilities       |     |                           |   896,673 |     |      | 1,000,997 |
| Operating lease cost                |     |                           |    76,353 |     |      |     2,042 |
| Total lease cost(1)                 |     | $                         | 1,481,182 |     | $    | 1,495,845 |

| (1) | Included                                                                            
 in “Cost of sales”, “Sales and Marketing” and “General and                          
 Administrative “expenses in the accompanying consolidated statements of operations. |

The following table presents weighted-average remaining lease terms and weighted-average discount rates for the consolidated operating leases as of December 31, 2024 and 2023, respectively:

|                                                                     |     | December 31, |     |   |     |      |    |   |
|                                                                     |     |         2024 |     |   |     | 2023 |    |   |
| Weighted-average remaining lease term – operating leases (in years) |     |              | 5.3 |   |     |      |  6 |   |
| Weighted-average discount rate – operating leases                   |     |              |  22 | % |     |      | 22 | % |

The Company’s ROU assets and liabilities for operating leases were $ 3,303,158and $ 3,941,560, respectively, as of December 31, 2024. The ROU assets and liabilities for operating leases were $ 3,658,493and $ 4,376,630, respectively, as of December 31, 2023. The ROU assets for operating leases were included in “Operating Lease Right-of-Use Assets, net” in the accompanying consolidated balance sheets. The liabilities for operating leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the accompanying consolidated balance sheets.

Maturities of lease liabilities for the years through 2029 and thereafter are as follows:

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

| Years Ending            |     | Amounts |            |   |
|:------------------------|:----|:--------|-----------:|:--|
| 2025                    |     | $       |  1,273,874 |   |
| 2026                    |     |         |