Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 29

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
-cash Share-based Compensation3,050,662 — Non-cash Deferred Income Tax Expense49,426,794 — Changes in Operating Assets and Liabilities:Accounts Receivable436,115 421,444 Inventory191,297 286,343 Other Current Assets379,038 (36,518)Other Long Term Assets13,701 — Accounts Payable(1,910,982)473,729 Intangible Digital Assets (986,680)— Other Current Liabilities(28,878)(134,204)Operating Lease Liabilities(331,571)(427,373)Other Long-Term Liabilities(189,500)— Net Cash Used in Operating Activities(7,821,905)(6,227,883)Cash Flow from Investing ActivitiesPurchase of Intangible Digital Assets(21,000,000)— Proceeds from Purchase of Thinking Tree Spirits— 5,090 Purchase of Property and Equipment(74,754)(32,125)Proceeds from Sale of Asset127,741 — Net Cash Provided by / (Used in) Investing Activities(20,947,013)(27,035)Cash Flow from Financing ActivitiesProceeds from PIPE Sale of Prepaid Warrants,net30,076,795 — Proceeds from Notes Payable (including factoring agreements)— 694,914 Proceeds from Whiskey Notes (including proceeds from related party Whiskey Notes of $0 and $1,100,000 for the nine months ended September 30, 2025 and 2024, respectively)— 3,655,870 Repayment of Notes Payable(7,820,765)(139,255)Common Stock Shares Repurchased— (3,690)Proceeds from Private Placement of Series A Preferred Stock (and warrants)— 2,025,000 Proceeds from Private Placement of Series B Preferred Stock (and warrants) (Note 8)2,916,810 — Proceeds from ELOC Sales of Common Stock4,817,235 — Proceeds from Warrants Exercised355 — Deferred Transaction Costs associated with S-1 Filing— (22,954)Net Cash Provided by / (Used in) Financing Activities29,990,430 6,209,885 Net Increase / (Decrease) in Cash1,221,512 (45,033)Cash – Beginning of Period453,162 76,878