Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 289

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 289
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 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) F-43 Heritage Distilling Holding Company, Inc.
Consolidated Balance Sheet

| 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 |   |
| Total Current Assets                                                                                                                                                                                                                  |     |              |   5,272,810 |   |     |      |   5,449,377 |   |
| Long Term Assets                                                                                                                                                                                                                      |     |              |             |   |     |      |             |   |
| Property and Equipment, net of Accumulated Depreciation                                                                                                                                                                               |     |              |   6,428,112 |   |     |      |   7,683,163 |   |
| Operating Lease Right-of-Use Assets, net                                                                                                                                                                                              |     |              |   3,658,493 |   |     |      |   3,841,480 |   |
| Investment in Fl