Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 24

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 the Three Months Ended June 30,For the Six Months EndedJune 30,2025202420252024NET SALESProducts$1,060,443 $1,444,035 $1,898,498 $2,675,858 Services261,379 398,280 515,307 872,616 Total Net Sales1,321,822 1,842,315 2,413,805 3,548,474 COST OF SALESProducts1,082,943 1,097,898 1,897,152 2,311,463 Services11,791 (3,380)17,680 80,677 Total Cost of Sales1,094,734 1,094,518 1,914,832 2,392,140 Gross Profit227,088 747,797 498,973 1,156,334 OPERATING EXPENSESSales and Marketing1,971,923 1,297,796 3,287,310 2,487,650 General and Administrative4,904,126 1,747,694 6,311,802 3,193,246 Total Operating Expenses6,876,049 3,045,490 9,599,112 5,680,896 Operating Loss(6,648,961)(2,297,693)(9,100,139)(4,524,562)OTHER INCOME / (EXPENSE)Interest Expense(595,309)(634,650)(1,118,522)(1,235,656)Gain on Investment— — — 3,421,222 Change in Fair Value of Convertible Notes— 9,615,837 — 9,044,748 Change in Fair Value of Warrant Liabilities— 1,274,812 — 1,705,020 Change in Fair Value of Contingency Liability— 457,127 — 457,127 Other Income / (Expense)(47,686)218 (106,342)592 Total Other Income / (Expense)(642,995)10,713,344 (1,224,864)13,393,053 Income / (Loss) Before Income Taxes(7,291,956)8,415,651 (10,325,003)8,868,491 Income Taxes(3