Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 380

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 380
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. The aggregate limit that can be protected for the Company under this program is approximately 150 million. The Company considers the concentration of credit risk associated with its accounts receivable to be commercially reasonable and believes that such concentration does not result in the significant risk of near -termsevere adverse impacts. As of December 31, 2024 and December 31, 2023, the Company had customers that individually represented 10% or more of the Company’s accounts receivable. There were two and two individual customers that together represented 77% and 71% of total accounts receivable, as of December 31, 2024 and December 31, 2023, respectively. There were five and four individual customer accounts that together represented 80% and 64% of total revenue for the years ended December 31, 2024 and 2023, respectively. There were two and three individual suppliers that together represented 34% and 48% of total accounts payable, as of December 31, 2024 and December 31, 2023, respectively. Concentration of Revenues

|            |     | For the Years Ended 
        December 31, |   |     |      |   |
|            |     |                2024 |   |     | 2023 |   |
| Customer A |     |                  23 | % |     |   11 | % |
| Customer B |     |                  10 | % |     |   10 | % |
| Customer C |     |                  10 | % |     |   17 | % |
| Customer D |     |                  11 | % |     |    — | % |
| Customer E |     |                  25 | % |     |    — | % |
| Customer F |     |                   — | % |     |   27 | % |
|            |     |                  79 | % |     |   65 | % |

F-66 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Accounts receivable— Accounts receivable are reported at net realizable value. Receivables consist of amounts due from distributors. In evaluating the collectability of individual receivable balances, the Company considers several factors, including the age of the balance, the customers’ historical payment history, its credit worthiness and economic trends. There was no allowance for credit losses