Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 154

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 154
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 |     | $ | 2,488,000 |     | $ |  799,000 |   |

•The approximately $647,000 of personnel — share -basedcompensation in the three months ended June30, 2025, for which there was no such expense in the comparable three months ended June30, 2024 included; $511,000 grant of matching non -cashRSU compensation related to deferred compensation. (See Notes 2 and 7 of our condensed consolidated financial statements for the three months ended June30, 2025 and 2024), plus additional RSU grants employee recognitions of $136,000. •The approximately $26,000 decrease in tasting room expenses was the result of decrease in spending. •The approximately $104,000 decrease in other sales and marketing expenses stems from decreased deals, discounts, rebates and incentives offered to wholesale distributors for low margin products and the ending of a contract for an outside sales consultant as of December31, 2024. General and Administrative Expenses General and administrative expenses were approximately $6,312,000 for the six months ended June 30, 2025, compared to approximately $3,194,000 for the six months ended June 30, 2024. This approximately $3,118,000 increase included:

| General and Administrative Expense                  
 2025                                                |     | Six Months Ended June 30, 
 (rounded to $000’s)       |      2024 |     |   |    Change |     |   |           |   |
|:----------------------------------------------------|:----|:--------------------------|----------:|:----|:--|----------:|:----|:--|----------:|:--|
| Personnel – Cash Wages and Related Non-Cash Expense |     | $                         | 1,394,000 |     | $ | 1,083,000 |     | $ |   311,000 |   |
| Personnel – Share-Based Compensation                |     |                           | 1,810,000 |     |   |         — |     |   | 1,810,000 |   |
| Recruiting and retention                            |     |                           |     7,000 |     |   |    12,000 |     |   |    (5,000 | ) |
| Professional Fees                                   |     |                           |   960,000 |     |   |   772,000 |     |   |