Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 439

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 439
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 value of the customer relationships intangible asset was determined using a discounted cash flow model that incorporates the excess earnings method and will be amortized on an accelerated basis over the projected pattern of economic benefits of approximately to .

As described in more detail above, Intangible Assets and Goodwill related to the TTS acquisition are composed of the following as of December 31, 2024:

| Intangible Assets:                   |     | Life     |     | Cost |           |     | Accumulated  
 Amortization |        |     | Accumulated 
 Impairment  
 Charge      |   |     | Net |           |
|:-------------------------------------|:----|:---------|:----|:-----|----------:|:----|:-------------|-------:|:----|:------------|:--|:----|:----|----------:|
| Thinking Tree Trade Name             |     | 6 years  |     | $    |   250,000 |     | $            | 14,671 |     | $           | — |     | $   |   235,329 |
| Thinking Tree Customer Relationships |     | 10 years |     |      |   190,000 |     |              |  4,178 |     |             | — |     |     |   185,822 |
| Goodwill – Thinking Tree Acquisition |     | N/A      |     |      |   589,870 |     |              |    N/A |     |             | — |     |     |   589,870 |
| Total                                |     |          |     | $    | 1,029,870 |     | $            | 18,849 |     | $           | — |     | $   | 1,011,021 |

There were no intangible assets or goodwill as of December 31, 2023.

Thinking Tree Spirits Dissenters’ Rights Process — In July 2024 three Thinking Tree Spirits shareholders served their notice to exercise dissenters’ rights under Oregon law. Dissenters’ rights statutes allow a party opposed to certain transactions to demand payment in cash for the value of their interests held rather than receive shares in the resulting entity. Parties can either agree upon a negotiated value or a dissenter who does not believe they are being fairly compensated for the value of their interests may seek a judicially determined value. In the case of a private entity, or a transaction involving private companies with no public clearing price for their stock