Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 249

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 249
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 $2,675,858 $(777,360)Services515,307 872,616 (357,309)Total Net Sales2,413,805 3,548,474 (1,134,669)Cost of SalesProducts1,897,152 2,311,463 (414,311)Services17,680 80,677 (62,997)Total Cost of Sales1,914,832 2,392,140 (477,308)Gross Profit498,973 1,156,334 (657,361)Operating ExpensesSales and Marketing3,287,310 2,487,650 799,660 General and Administrative6,311,802 3,193,246 3,118,556 Total Operating Expenses9,599,112 5,680,896 3,918,216 Operating Loss(9,100,139)(4,524,562)(4,575,577)Other Income (Expense)Interest Expense(1,118,522)(1,235,656)117,134 Gain on Investment— 3,421,222 (3,421,222)Change in Fair Value of Convertible Notes— 9,044,748 (9,044,748)Change in Fair Value of Warrant Liabilities— 1,705,020 (1,705,020)Change in Fair Value of Contingency Liability— 457,127 (457,127)Other (Income) / Expense(106,342)592 (106,934)Total Other Expense(1,224,864)13,393,053 (14,617,917)Income/(Loss) Before Income Taxes(10,325,003)8,868,491 (19,193,494)Income Taxes(3,122)(9,150)6,028 Net Income / (Loss)$(10,328,125)$8,859,341 $(19,187,466)Net Income / (Loss) Per Share, Basic$(1.16)$20.97 $(22.13)Weighted Average Common Shares Outstanding, Basic10,335,057421,799$9,913,258 Net Income/(Loss) Per Share, Diluted$(1.16)$(2.44)$1.28 Weighted Average Common Shares Outstanding, Diluted10,335,057 4