Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 322

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 322
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906,963, respectively, as of June 30, 2025. The ROU assets and liabilities for operating leases were $3,303,158 and $3,941,560, respectively, as of December 31, 2024. The ROU assets for operating leases were included in “Operating Lease Right -of -UseAssets, net” in the accompanying consolidated balance sheets. The liabilities for operating leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the accompanying consolidated balance sheets. Maturities of lease liabilities for the remainder of 2025 and the years through 2029 and thereafter are as follows:

| Years Ending            |     | Amounts |            |   |
|:------------------------|:----|:--------|-----------:|:--|
| 2025                    |     | $       |    682,685 |   |
| 2026                    |     |         |  1,345,203 |   |
| 2027                    |     |         |  1,329,535 |   |
| 2028                    |     |         |  1,225,326 |   |
| 2029                    |     |         |  1,203,001 |   |
| thereafter              |     |         |    684,779 |   |
| Total lease payments    |     | $       |  6,470,529 |   |
| Less: Interest          |     |         | (2,563,566 | ) |
| Total Lease Liabilities |     | $       |  3,906,963 |   |

NOTE 10 — COMMITMENTS AND CONTINGENCIES As an inducement to obtain financing in 2022 and 2023 through convertible notes, the Company agreed to pay a portion of certain future revenues the Company may receive from the sale of FBLLC or the Flavored Bourbon brand to the investors in such financings in the amount of 150% of their subscription amount for an aggregate of approximately $24,495,000.

F-37 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 10 — COMMITMENTS AND CONTINGENCIES (cont.) The Company maintains operating leases for various facilities. See Note 9, Leases, for further information. Litigation —From time to time, the Company may become involved in various