Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 201

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 201
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291 | ) |
| Shares Repurchased                  |     |                  |     (72 | ) |     |           |  — |     |                 |    (11,340 | ) |     |                    | —           |   |     |                    |     (11,340 | ) |
| Share-based Compensation            |     |                  |       — |   |     |           |  — |     |                 |     18,594 |   |     |                    | —           |   |     |                    |      18,594 |   |
| Net Loss                            |     |                  |       — |   |     |           |  — |     |                 |          — |   |     |                    | (36,798,419 | ) |     |                    | (36,798,419 | ) |
| Ending Balance December 31, 2023    |     |                  | 381,484 |   |     | $         | 67 |     | $               | 31,421,953 |   |     | $                  | (74,844,476 | ) |     | $                  | (43,422,456 | ) |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-5 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Consolidated Statements of Cash Flows</div>

|                                                                                                                                                                             |     | For the Twelve Months Ended December 31, 
 2024                                     |        2024 |   |     | 2023 |        2023 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----------------------------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income / (Loss)                                                                                                                                                         |     | $                                        |     710,458 |   |     | $    | (36,798,419 | ) |
| Adjustments to Reconcile Net Income / (Loss) to Net Cash Used in Operating Activities:                                                                                      |     |                                          |             |   |     |      |             |   |
| Depreciation Expense                                                                                                                                                        |     |                                          |   1,284,653 |   |     |      |   1,430,240 |   |
| Amortization of operating lease right-of-use assets                                                                                                                         |     |                                          |     508,156 |   |     |      |     492