Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 340

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 340
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     |          (72 | )     |     |   |  — |     |            |    (11,340 | ) |     |             | —           |   |     |                  |     (11,340 | ) |
| Share-based Compensation            |     |            — |       |     |   |  — |     |            |     18,594 |   |     |             | —           |   |     |                  |      18,594 |   |
| Net Loss                            |     |            — |       |     |   |  — |     |            |          — |   |     |             | (36,798,419 | ) |     |                  | (36,798,419 | ) |
| Ending Balance December 31, 2023    |     |      381,484 |       |     | $ | 67 |     | $          | 31,421,953 |   |     | $           | (74,844,476 | ) |     | $                | (43,422,456 | ) |

The accompanying notes are an integral part of these consolidated financial statements.

F-52

Heritage Distilling Holding Company, Inc. Consolidated Statements of Cash Flows

|                                                                                                                                                                             |     | For the Twelve Months Ended 
 December 31,                |        2024 |   |     |   |        2023 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------------------------|------------:|:--|:----|:--|------------:|:--|
| Net Income/(Loss)                                                                                                                                                           |     | $                           |     710,458 |   |     | $ | (36,798,419 | ) |
| Adjustments to Reconcile Net Income/(Loss) to Net Cash Used in Operating Activities:                                                                                        |     |                             |             |   |     |   |             |   |
| Depreciation Expense                                                                                                                                                        |     |                             |   1,284,653 |   |     |   |   1,430,240 |   |
| Amortization of operating lease right-of-use assets                                                                                                                         |     |                             |     508,156 |   |     |   |     492,806 |   |
| Loss on disposal of property and equipment                                                                                                                                  |     |                             |     241,541 |   |     |   |      43,290 |   |
| Non-c