Company: IPST
Filing Date: 2025-05-21
Form Type: 424B3
Source: 0001641172-25-011934
Chunk: 78

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-21
Form: 424B3
Chunk 78
---
Income Taxes

Our income tax provision consists of an estimate for U.S. federal and state income taxes based on enacted rates, as adjusted for allowable credits, deductions, uncertain tax positions, changes in deferred tax assets and liabilities and changes in tax law.

Comparison of the Results of Operations for the Three Months Ended March 31, 2025 and 2024

The numbers presented below that have been rounded for presentation purposes have been rounded individually. As a result, totals may reflect the effect of differences between: aggregating the individually rounded component numbers; and the rounding of the total of the individual (non-rounded) component numbers. In cases where rounding occurred, the amount of the rounding difference is generally $1,000 or less. Such differences are considered to be insignificant.

<div align='center'>46</div>

Table of Contents

The following table summarizes our results of operations for the three months ended March 31, 2025 and 2024.

| Net                                        
 Sales                                      |     | For                    
 the Three Months Ended 
 March 31,              
 2025                   |            |           |     | 2024 |            |           |     | Change |            |           |
|:-------------------------------------------|:----|:-----------------------|-----------:|----------:|:----|:-----|-----------:|----------:|:----|:-------|-----------:|----------:|
| Products                                   |     | $                      |    838,055 |           |     | $    |  1,231,823 |           |     | $      |   -393,768 |           |
| Services                                   |     |                        |    253,928 |           |     |      |    474,336 |           |     |        |   -220,408 |           |
| Total                                      
 Net Sales                                  |     |                        |  1,091,983 |           |     |      |  1,706,159 |           |     |        |   -614,176 |           |
| Cost                                       
 of Sales                                   |     |                        |            |           |     |      |            |           |     |        |            |           |
| Products                                   |     |                        |    814,209 |           |     |      |  1,213,565 |           |     |        |   -399,356 |           |
| Services                                   |     |                        |      5,889 |           |     |      |     84