Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 369

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 369
---
 which are reported in the condensed consolidated statement of operations. Other costs and expenses of the Company are analyzed on an aggregate basis and not allocated to the segments. The accounting policies for segment reporting are the same as for the Company’s consolidated financial statements. As the Company continues its operations of the $IP treasury strategy, it may provide additional data points to the CODM to assist with decision making that will be evaluated for inclusion in the Company’s reportable segment disclosure

F-51

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 15 — SEGMENT REPORTING (cont.)

The following summarizes the Company’s operations by segment. There were no IP Strategy Segment activities prior to the nine months ended September 30, 2025.

| Heritage Distilling Segment |     | Nine Months Ended 
 September 30,     
 2025              |           |     | 2024 |           |
|:----------------------------|:----|:------------------|----------:|:----|:-----|----------:|
| Revenue(a)                  |     | $                 | 3,494,262 |     | $    | 5,309,907 |
| Cost of Revenue             |     |                   | 3,018,488 |     |      | 3,523,831 |
| Gross Profit                |     |                   |   475,774 |     |      | 1,786,076 |
| IP Strategy Segment         |     |                   |           |     |      |           |
| Revenue(b)                  |     |                   | 1,908,544 |     |      |         — |
| Cost of Revenue             |     |                   |    53,342 |     |      |         — |
| Gross Profit                |     |                   | 1,855,202 |     |      |         — |
| Total Revenue               |     |                   | 5,402,806 |     |      | 5,309,907 |
| Cost of Revenue             |     |                   | 3,071,830 |     |      | 3,523,831 |
| Gross Profit                |     | $                 | 2,330,976 |     | $    | 1,786,076 |

____________

(a)

(b)

The CODM does not review disaggregated assets on a segment basis, and therefore, such information is not presented. As a result of the change in operating segments, the Company