Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 23

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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,628 Other Current Liabilities760,950 1,253,052 Operating Lease Liabilities, Current1,208,917 1,131,545 Notes Payable, Current3,989,991 3,758,595 Accrued Interest181,057 202,367 Total Current Liabilities16,442,727 13,811,514 Long Term LiabilitiesOperating Lease Liabilities, net of Current Portion2,698,046 2,810,015 Notes Payable, net of Current Portion8,989,438 9,482,339 Accrued Interest, net of Current Portion1,167,414 977,316 Other Long Term Liabilities127,075 127,075 Total Long-Term Liabilities12,981,973 13,396,745 Total Liabilities29,424,700 27,208,259 Commitments and Contingencies (Note 10)Stockholders’ Equity / (Deficit)Preferred Stock - par value $0.0001 per share, 5,000,000 shares authorized:Series A Convertible, 500,000 shares designated; 210,700 shares issued and outstanding as of June 30, 2025 and December 31, 202421 49 Series B Convertible, 850,000 and 0 shares designated; 744,354 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively74 — Common Stock, par value $0.0001 per share; 490,000,000 shares authorized; 12,727,886 and 5,273,611 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively1,299 556 Additional Paid-In-Capital81,574,150 74,925,180 Accumulated Deficit(84,462,143)(74,134,018)Total Stockholders’ Equity / (Deficit)(2,886,599)791,767 Total Liabilities & Stockholders’ Equity / (Deficit)$26,538,101 $28,000,026 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of Contents

Heritage Distilling Holding Company, Inc.

Condensed Consolidated Statement of Operations(unaudited)

For