Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 409

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 409
---
issued as 781warrants at $ 80.00per share. F-80

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 6 — BORROWINGS (cont.)

As of December 31, 2024, the principal repayments of the Company’s debt measured on an amortized basis of $ will be due within five years from the issuance of these consolidated financial statements. The outstanding principal repayments due within the next 12 months of $ and $, respectively, net of debt issuance costs of $ and $, respectively, was classified as a current liability on the Company’s consolidated balance sheets as of December 31, 2024 and December 31, 2023. The outstanding principal repayments due after the next 12 months of $ was classified as a long-term liability on the Company’s consolidated balance sheet as of December 31, 2024.

The following table represents principal repayments from 2025 and the years through 2029 and thereafter:

| Years Ending |     | Amount |            |
|:-------------|:----|:-------|-----------:|
| 2025         |     | $      |  3,829,169 |
| 2026         |     |        |  9,245,977 |
| 2027         |     |        |     66,789 |
| 2028         |     |        |    239,081 |
| 2029         |     |        |          — |
| there after  |     |        |          — |
|              |     | $      | 13,381,016 |

Liabilities for Deferred Revenue — During 2023, the Company entered into a distilled spirits barreling production agreement with a related party for production of barrels of distilled spirits over time. There was a prepayment of $ made to the Company in January 2023. In March 2024, the agreement was amended to barrels for $, with the then $ excess prepayment used to purchase a Whiskey Note in the principal amount of $, which was subsequently exchanged (upon the consummation of the Company’s initial public offering on November 25, 2024) under the terms of a Subscription Exchange Agreement for common stock in conjunction with the February 29, 2024 exchange of Whiskey Notes for common stock.

NOTE 7 — WARRANT LIABILITIES 2022 and 2023 Convertible Promissory Notes Warrants During