Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 304

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 304
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| Total Inventory |     | $                  | 2,471,567 |     | $    | 2,756,350 |

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

|                                                         |     |            | Estimated  Useful Lives  (in years) |   | December 31, 2024 |   |     |   | December 31, 2023 |   |
|:--------------------------------------------------------|:----|-----------:|:------------------------------------|:--|------------------:|:--|:----|:--|------------------:|:--|
| Machinery and Equipment                                 |     |    5 to 20 |                                     | $ |         3,478,062 |   |     | $ |         3,469,204 |   |
| Leasehold Improvements                                  |     | Lease term |                                     |   |         6,930,585 |   |     |   |         7,378,639 |   |
| Computer and Office Equipment                           |     |    3 to 10 |                                     |   |         2,460,632 |   |     |   |         2,492,310 |   |
| Vehicles                                                |     |          5 |                                     |   |           274,559 |   |     |   |           248,304 |   |
| Construction in Progress                                |     |        N/A |                                     |   |            84,957 |   |     |   |            11,500 |   |
| Total Property and Equipment                            |     |            |                                     |   |        13,228,795 |   |     |   |        13,599,957 |   |
| Less: Accumulated Depreciation                          |     |            |                                     |   |        (7,779,383 | ) |     |   |        (7,171,845 | ) |
| Property and Equipment, net of Accumulated Depreciation |     |            |                                     | $ |         5,449,412 |   |     | $ |         6,428,112 |   |

Depreciation expense related to property and equipment for the years ended December 31, 2024 and 2023 was $ 1,284,653and $ 1,430,240respectively.

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Heritage Dist