Company: IPST
Filing Date: 2025-05-21
Form Type: 424B3
Source: 0001641172-25-011934
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-21
Form: 424B3
Chunk 21
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 |     | $ | 2,505,488 |     | $ | 2,471,567 |

<div align='center'>17</div>

Table of Contents

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements
(unaudited)</div>

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

|                                                |     |       | Estimated    
 Useful Lives 
 (in years)   |   |      March 
        31, 
       2025 |     |   |   December 
        31, 
       2024 |
|:-----------------------------------------------|:----|------:|:-------------|:--|-----------:|:----|:--|-----------:|
| Machinery                                      
 and Equipment                                  |     |     5 
 to 20 |              | $ |  3,406,433 |     | $ |  3,478,062 |
| Leasehold                                      
 Improvements                                   |     | Lease 
  term |              |   |  6,930,585 |     |   |  6,930,585 |
| Computer                                       
 and Office Equipment                           |     |     3 
 to 10 |              |   |  2,458,194 |     |   |  2,460,632 |
| Vehicles                                       |     |     5 |              |   |    274,559 |     |   |    274,559 |
| Construction                                   
 in Progress                                    |     |   N/A |              |   |     84,957 |     |   |     84,957 |
| Total                                          
 Property and Equipment                         |     |       |              |   | 13,154,728 |     |   | 13,228,795 |
| Less:                                          
 Accumulated Depreciation                       |     |       |              |   | -8,047,856 |     |   | -7,779,383 |
| Property                                       
 and Equipment, net of Accumulated Depreciation |     |       |              | $ |  5,106,872 |     | $ |  5,449,412 |

Depreciation expense related to property and equipment for the three months ended March 31, 2025 and 2024 was $296,528 and $320,465 respectively.

NOTE 5 — B