Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 139

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 139
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 Change in Fair Value of Intangible Digital Assets on the condensed consolidated statements of operations. Income Taxes Our income tax provision consists of an estimate for U.S. federal and state income taxes based on enacted rates, as adjusted for allowable credits, deductions, uncertain tax positions, changes in deferred tax assets and liabilities and changes in tax law. We are conducting a Section 382 net operating loss (“NOL”) review to determine to what extent our past NOLs can be used moving forward given the size of the August15, 2025 PIPE and the total number of new shares issued relative to our previously outstanding shares of common stock. We anticipate that report will be finalized in time for the filing of our annual report. Comparison of the Results of Operations for the Nine Months Ended September 30, 2025 and 2024 The numbers presented below that have been rounded for presentation purposes have been rounded individually. As a result, totals may reflect the effect of differences between: aggregating the individually rounded component numbers; and the rounding of the total of the individual (non -rounded) component numbers. In cases where rounding occurred, the amount of the rounding difference is generally $1,000 or less. Such differences are considered to be insignificant. 79

The following table summarizes our results of operations for the nine months ended September 30, 2025 and 2024.

| Net Revenue                                       |     | For the Nine Months Ended 
 September 30,             
 2025                      |             |   |     | 2024 |            |   |     | Change |             |   |
|:--------------------------------------------------|:----|:--------------------------|------------:|:--|:----|:-----|-----------:|:--|:----|:-------|------------:|:--|
| Products                                          |     | $                         |   2,714,012 |   |     | $    |  4,051,087 |   |     | $      |  (1,337,075 | ) |
| Services                                          |     |                           |     780,250 |   |     |      |  1,258,820 |   |     |        |    (478,570 | ) |
| Crypto and Related                                |     |                           |   1,908,544 |   |     |      |          — |   |     |        |   1,908,544 |   |
| Total Net Revenue                                 |     |                           |   5,402