Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 113

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 9,615,837 (9,615,837)Change in Fair Value of Warrant Liabilities— 1,274,812 (1,274,812)Change in Fair Value of Contingency Liability— 457,127 (457,127)Other (Income) / Expense(47,686)218 (47,904)Total Other Expense(642,995)10,713,344 (11,356,339)Income/(Loss) Before Income Taxes(7,291,956)8,415,651 (15,707,607)Income Taxes(3,122)(9,150)6,028 Net Income / (Loss)$(7,295,078)$8,406,501 $(15,701,579)Net Income / (Loss) Per Share, Basic$(0.77)$19.90 (20.67)Weighted Average Common Shares Outstanding, Basic11,000,519 421,799 $10,578,720 Net Income/(Loss) Per Share, Diluted$(0.77)$1.29 $(2.06)Weighted Average Common Shares Outstanding, Diluted11,000,519 4,573,063 6,427,456

49

Net Sales

Three Months Ended June 30,(rounded to $000’s)Total Sales20252024ChangeProducts$1,060,000 $1,445,000 $(385,000)Services261,000 399,000 (138,000)$1,321,000 $1,844,000 $(523,000)

Net sales were approximately $1,321,000 and $1,844,000 for the three months ended June 30, 2025 and 2024, respectively, a decrease of approximately $523,000, or 28.4%, period over period. 

The approximately $385,000 net decrease in products sales, period over period, included:

Products SalesThree Months Ended June 30,(rounded to $000’s)20252024ChangeWholesale$457,000 $489,000 $(32,000)Retail603,000 939,000 (336,000)Third Party— 17,000 (17,000) $1,060,000 $1,445,000 $(385,000)

•The Company was involved in reevaluating its options and opportunities in