Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 121

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 121
---
5 and 16 to our unaudited interim condensed consolidated financial statements for the nine month periods ended September 30, 2024 and 2023 included elsewhere in this prospectus.

Income Taxes

Our income tax provision consists of an estimate for U.S. federal and state income taxes based on enacted rates, as adjusted for allowable credits, deductions, uncertain tax positions, changes in deferred tax assets and liabilities and changes in tax law.

<div align='center'>72</div>

Comparison of the Results of Operations for the Nine Months Ended September 30, 2024 and 2023

The following table summarizes our results of operations for the nine months ended September 30, 2024 and 2023.

| Net                                        
 Sales                                      |     | For                   
 the Nine Months Ended 
 September 30,         
 2024                  |            |   |     | 2023 |             |   |     | Change |            |   |
|:-------------------------------------------|:----|:----------------------|-----------:|:--|:----|:-----|------------:|:--|:----|:-------|-----------:|:--|
| Products                                   |     | $                     |  4,051,087 |   |     | $    |   3,372,935 |   |     | $      |    678,152 |   |
| Services                                   |     |                       |  1,258,820 |   |     |      |   2,152,449 |   |     |        |   (893,629 | ) |
| Total                                      
 Net Sales                                  |     |                       |  5,309,907 |   |     |      |   5,525,384 |   |     |        |   (215,477 | ) |
| Cost of Sales                              |     |                       |            |   |     |      |             |   |     |        |            |   |
| Products                                   |     |                       |  3,428,979 |   |     |      |   3,459,750 |   |     |        |    (30,771 | ) |
| Services                                   |     |                       |     94,852 |   |     |      |     675,046 |   |     |        |   (580,194 | ) |
| Total                                      
 Cost of Sales                              |     |                       |  3,523,831 |   |     |