Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 181

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 181
---
)      |             | 2023 |     |   |            |   |
|:------------------------------------------|:----|:----------------------------------|-----------:|:-----|:----|:--|-----------:|:-----|:----|:-------------------------|------------:|:-----|:----|:--|-----------:|:--|
| Net Cash Used in Operating Activities     |     | $                                 | (3,544,000 | )    |     | $ | (5,383,000 | )    |     | $                        | (11,216,000 | )    |     | $ | (8,480,000 | ) |
| Net Cash Used in Investing Activities     |     |                                   |     55,000 |      |     |   |   (287,000 | )    |     |                          |    (101,000 | )    |     |   |    (24,000 | ) |
| Net Cash Provided by Financing Activities |     |                                   |  3,222,000 |      |     |   |  5,744,000 |      |     |                          |  11,693,000 |      |     |   |  8,358,000 |   |
| Net increase/(decrease) in cash           |     | $                                 |   (267,000 | )    |     | $ |     75,000 |      |     | $                        |     376,000 |      |     | $ |   (146,000 | ) |

Net Cash Used in Operating Activities During the six months ended June 30, 2025 and 2024, net cash used in operating activities was approximately $(3,544,000) and $(5,383,000), respectively, resulting primarily from net income/(loss) of approximately $(10,328,000) and $8,859,000, respectively. During the six months ended June 30, 2025 and 2024, approximately $2,669,000 and $(717,000), respectively, of cash was (used)/generated by changes in operating account balances of operating assets and liabilities. Non -cashadjustments to reconcile net income/(loss) to net cash used in operating activities were approximately $4,115,000 and $(13,525,000) in the respective periods. The approximately $4,115,000 of changes in operating account balances of operating assets and liabilities for the six months