Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 211

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 211
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ujacich Road, Gig Harbor, Washington 98332, or telephoning us at (253) 509-0008.

| 126 |

<div align='center'>HERITAGE DISTILLING HOLDING COMPANY, INC.

CONSOLIDATED FINANCIAL STATEMENTS

Index to Consolidated Financial Statements</div>

| Unaudited                                                                                                                
 Interim Condensed Consolidated Financial Statements for the Three-Month Periods ended March 31, 2025 and 2024            
 Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024                                         |     | Page 
  128 |
|:-------------------------------------------------------------------------------------------------------------------------|:----|-----:|
| Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2025 and 2024                       |     |  129 |
| Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the Three Months ended March 31, 2025 and 2024 |     |  130 |
| Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31, 2025 and 2024                       |     |  131 |
| Notes to Unaudited Condensed Consolidated Financial Statements                                                           |     |  132 |
| Audited                                                                                                                  
 Consolidated Financial Statements for the years ended December 31, 2024 and 2023                                         |     |      |
| Report of Independent Registered Public Accounting Firm (PCAOB ID 688)                                                   |     |  161 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023                                                             |     |  162 |
| Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023                                     |     |  163 |
| Consolidated Statements of Changes in Stockholders’ Deficit for the Years Ended December 31, 2024 and 2023               |     |  164 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023                                     |     |  165 |
| Notes to Consolidated Financial Statements                                                                               |     |  166 |

| 127 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Condensed Consolidated Balance Sheets

(unaudited)</div>

|                                                                                                                  |     |   |       March 
    31, 2025 |   |