Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 353

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 353
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 in the measurement of lease liabilities for operating leases for the nine months ended September 30, 2025 and 2024, respectively:

| Lease Cost:                         |     | Nine Months Ended 
 September 30,     
 2025              |           |     | 2024 |           |
|:------------------------------------|:----|:------------------|----------:|:----|:-----|----------:|
| Amortization of Right-of-Use Assets |     | $                 |   304,217 |     | $    |   365,088 |
| Interest on Lease Liabilities       |     |                   |   657,577 |     |      |   698,609 |
| Operating lease cost                |     |                   |    75,267 |     |      |    39,356 |
| Total lease cost(1)                 |     | $                 | 1,037,061 |     | $    | 1,103,053 |

____________

(1)

F-44

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 10 — LEASES (cont.)

The following table presents weighted-average remaining lease terms and weighted-average discount rates for the consolidated operating leases as of September 30, 2025 and 2024, respectively:

|                                                                     |     | September 30, |   |     |      |   |
|                                                                     |     |          2025 |   |     | 2024 |   |
| Weighted-average remaining lease term – operating leases (in years) |     |           4.6 |   |     |  5.8 |   |
| Weighted-average discount rate – operating leases                   |     |            22 | % |     |   22 | % |

The Company’s ROU assets and liabilities for operating leases were $ and $, respectively, as of September 30, 2025. The ROU assets and liabilities for operating leases were $ and $, respectively, as of December 31, 2024. The ROU assets for operating leases were included in “Operating Lease Right-of-Use Assets, net” in the accompanying consolidated balance sheets. The liabilities for operating leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the accompanying consolidated balance sheets.

Maturities of lease liabilities for the remainder of 2025