Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 391

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 391
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 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact these standards will have on it financial statements.

NOTE 3 — INVENTORIES

Inventories consisted of the following:

|                 |     | As of December 31, |      2024 |     |   |      2023 |
|:----------------|:----|:-------------------|----------:|:----|:--|----------:|
| Finished Goods  |     | $                  |   461,254 |     | $ |   531,302 |
| Work-in-Process |     |                    |   936,181 |     |   |   989,712 |
| Raw Materials   |     |                    | 1,074,132 |     |   | 1,235,336 |
| Total Inventory |     | $                  | 2,471,567 |     | $ | 2,756,350 |

NOTE 4 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

|                                                         |     |            | 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 |