Company: IPST
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001788230-25-000062
Chunk: 16

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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,152,267 1,253,052 Operating Lease Liabilities, Current1,214,478 1,131,545 Notes Payable, Current3,474,242 3,758,595 Accrued Interest174,791 202,367 Total Current Liabilities13,935,232 13,811,514 Long Term LiabilitiesOperating Lease Liabilities, net of Current Portion2,809,007 2,810,015 Notes Payable, net of Current Portion9,485,939 9,482,339 Accrued Interest, net of Current Portion1,035,245 977,316 Other Long Term Liabilities127,076 127,075 Total Long-Term Liabilities13,457,267 13,396,745 Total Liabilities27,392,499 27,208,259 Commitments and Contingencies (Note 10)Stockholders’ Equity / (Deficit)Preferred Stock - par value $0.0001 per share, 5,000,000 shares authorized:Series A Convertible, 500,000 shares designated; 494,840 shares issued and outstanding as of March 31, 2025 and December 31, 202449 49 Series B Convertible, 750,000 and 0 shares designated; 167,981 and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively17 — Common Stock, par value $0.0001 per share; 70,000,000 shares authorized; 6,921,564 and 5,273,611 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively721 556 Additional Paid-In-Capital76,837,302 74,925,180 Accumulated Deficit(77,167,065)(74,134,018)Total Stockholders’ Equity / (Deficit)(328,976)791,767 Total Liabilities & Stockholders’ Equity / (Deficit)$27,063,523 $28,000,026 

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

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Table of Contents

Heritage Distilling Holding Company, Inc.

Condensed Consolidated Statement of Operations(unaudited)

For the Three Months EndedMarch 31,202520