Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 265

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 265
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,000 |   |
| Shares Repurchased                   |     |          (14 | ) |     |       |  — |     |                 — |     |       |  — |     |            |     (2,430 | ) |     |             |           — |   |     |               |      (2,430 | ) |
| Warrants Issued                      |     |            — |   |     |       |  — |     |                 — |     |       |  — |     |            |    279,000 |   |     |             |           — |   |     |               |     279,000 |   |
| Warrants Exercised                   |     |        9,493 |   |     |       |  — |     |                 — |     |       |  — |     |            |          — |   |     |             |           — |   |     |               |           — |   |
| Net Income/(Loss)                    |     |            — |   |     |       |  — |     |                 — |     |       |  — |     |            |          — |   |     |             |   8,859,341 |   |     |               |   8,859,341 |   |
| Ending Balance June 30, 2024         |     |      441,935 |   |     | $     | 72 |     |           183,000 |     | $     | 18 |     | $          | 33,249,500 |   |     | $           | (65,985,135 | ) |     | $             | (32,735,545 | ) |

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

F-5

Heritage Distilling Holding Company, Inc.
Condensed Consolidated Statements of Cash Flows
(unaudited)

|                                                                                                                                                                      |     | For the Six Months Ended 
 June 30,                 |        2025 |   |     |   |       2024 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------------------|------------:|:--|:----|:--|-----------:|:--|
| Net Income/(Loss)                                                                                                                                                    |     | $                        | (10,328,125 | ) |     | $ |  8,859,341 |   |
| Adjustments to Reconcile