Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 224

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 224
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|                 |     | 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 |                                     |   |           274,559 |   |     |   |           248,304 |   |
| Construction in Progress                                |     |        N/A |                                     |   |            84,957 |   |     |   |            11,500 |   |
| Total Property and Equipment                            |     |            |                                     |   |        13,228,795 |   |     |   |        13,599,957 |   |
| Less