Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 312

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 312
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 our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management and the overall presentation
of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Marcum LLP

Marcum LLP

We have served as the Company’s auditor since 2022.

Costa Mesa, California

May 13, 2024 (except for the effects of the reverse stock split described
in Note 1, as to which the date is July 5, 2024)

<div align='center'>F-43

Heritage Distilling Holding Company, Inc.
Consolidated Balance Sheet</div>

| ASSETS                                                                                                                                                                                                                                
 Current Assets                                                                                                                                                                                                                        |     | As of        
 December 31, 
 2023         |             |   |     | 2022 |             |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|------------:|:--|:----|:-----|------------:|:--|
| Cash                                                                                                                                                                                                                                  |     | $            |      76,878 |   |     | $    |     223,034 |   |
| Accounts Receivable                                                                                                                                                                                                                   |     |              |     721,932 |   |     |      |     494,714 |   |
| Inventory                                                                                                                                                                                                                             |     |              |   2,756,350 |   |     |      |   3,641,895 |   |
| Other Current Assets                                                                                                                                                                                                                  |     |              |   1,717,650 |   |     |      |   1,089,734