Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 177

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 177
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BA and we recognized $1,506,644 as other income in the consolidated statements of operations, resulting in $2,269,456 in PPP debt. Under the terms of the PPP loan, we have also recorded interest on the PPP loan at the rate of 1%, for a total of $107,255 as of December 31, 2024. We are currently in the process of disputing a portion if not all of the difference. The terms of the agreement state that we have 18 -24months to repay the PPP loan. Following the date of the forgiveness, the remaining balance of the PPP loan of $2,269,456 is expected to be repaid in the next 12 months with our general assets. As part of our acquisition of Thinking Tree Spirits we inherited a HUD/City of Eugene loan with a balance of $389,875. We have since paid down $85,058 of that loan, leaving a balance of $304,817. That loan is scheduled to be paid off by May1, 2028 unless paid off sooner. It carries an annual interest rate of 5%. Cash Flows The following table sets forth a summary of cash flows for the periods presented:

| Summary of Cash Flows                     
 2025                                      |     | For the Six Months  
 Ended June 30,      
 (rounded to $000’s) |            | 2024 |     |   |            | 2024 |     | Years ended         
 December 31,        
 (rounded to $000’s) |             | 2023 |     |   |            |   |
|:------------------------------------------|:----|:--------------------|-----------:|:-----|:----|:--|-----------:|:-----|:----|:--------------------|------------:|:-----|:----|:--|-----------:|:--|
| Net Cash Used in Operating Activities     |     | $                   | (3,544,000 | )    |     | $ | (5,383,000 | )    |     | $                   | (11,216,000 | )    |     | $ | (8,480,000 | ) |
| Net Cash Used in Investing Activities     |     |                     |     55,000 |      |     |   |   (287,000 | )    |     |                     |    (101,000 | )    |     |   |    (24,000 | ) |
| Net Cash Provided by Financing