Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 349

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 349
---
 valuation inputs included estimates and assumptions about forecasted future cash flows, long-term revenue growth rates, and discount rates. The fair value of the customer relationships intangible asset was determined using a discounted cash flow model that incorporates the excess earnings method and will be amortized on an accelerated basis over the projected pattern of economic benefits of approximately 6to 10years.

As described in more detail above, Intangible Assets and Goodwill related to the TTS acquisition are composed of the following as of December 31, 2024:

SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS

| Intangible Assets:                   |     | Life     |     | Cost |           |     | Accumulated  Amortization |        |     | Accumulated  Impairment  Charge |   |     | Net |           |
|:-------------------------------------|:----|:---------|:----|:-----|----------:|:----|:--------------------------|-------:|:----|:--------------------------------|:--|:----|:----|----------:|
| Thinking Tree Trade Name             |     | 6 years  |     | $    |   250,000 |     | $                         | 14,671 |     | $                               | — |     | $   |   235,329 |
| Thinking Tree Customer Relationships |     | 10 years |     |      |   190,000 |     |                           |  4,178 |     |                                 | — |     |     |   185,822 |
| Goodwill – Thinking Tree Acquisition |     | N/A      |     |      |   589,870 |     |                           |    N/A |     |                                 | — |     |     |   589,870 |
| Total                                |     |          |     | $    | 1,029,870 |     | $                         | 18,849 |     | $                               | — |     | $   | 1,011,021 |

There were nointangible assets or goodwill as of December 31, 2023.

| 199 |

Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements

NOTE 10 — ACQUISITION OF THINKING TREE SPIRITS(cont.)

Thinking Tree Spirits Dissenters’ Rights Process— In July 2024 three Thinking Tree Spirits shareholders served their notice to exercise dissenters’ rights under Oregon law. Dissenters’ rights statutes allow a party opposed to