For the quarter ending 2025-09-30, IPST had $1,221,512 increase in cash & cash equivalents over the period. -$7,896,659 in free cash flow.
| Cash Flow | 2025-09-30 |
|---|---|
| Net income / (loss) | 185,935,769 |
| Depreciation expense | 832,476 |
| Amortization of operating lease right-of-use assets | 304,217 |
| Loss on disposal of property and equipment | -481,008 |
| Non-cash warrant issued | -1,133,663 |
| Change in fair value of intangible digital assets | 245,841,410 |
| Gain on investment | 0 |
| Change in fair value of convertible notes | 0 |
| Change in fair value of warrant liabilities | 0 |
| Change in fair value of contingency liabilities | 62,424 |
| Non-cash interest expense | 905,048 |
| Non-cash shares in lieu of services | 125,000 |
| Non-cash share-based compensation | 3,050,662 |
| Non-cash deferred income tax expense | 49,426,794 |
| Accounts receivable | -436,115 |
| Inventory | -191,297 |
| Other current assets | -379,038 |
| Other long term assets | -13,701 |
| Accounts payable | -1,910,982 |
| Intangible digital assets | -986,680 |
| Other current liabilities | -28,878 |
| Operating lease liabilities | -331,571 |
| Other long-term liabilities | -189,500 |
| Net cash used in operating activities | -7,821,905 |
| Purchase of intangible digital assets | 21,000,000 |
| Proceeds from purchase of thinking tree spirits | 0 |
| Purchase of property and equipment | 74,754 |
| Proceeds from sale of asset | 127,741 |
| Net cash provided by / (used in) investing activities | -20,947,013 |
| Proceeds from pipe sale of prepaid warrants,net | 30,076,795 |
| Proceeds from notes payable (including factoring agreements) | 0 |
| Proceeds from whiskey notes (including proceeds from related party whiskey notes of 0 and 1,100,000 for the nine months ended september 30, 2025 and 2024, respectively) | 0 |
| Repayment of notes payable | 7,820,765 |
| Common stock shares repurchased | 0 |
| Proceeds from private placement of series a and series b preferred stock (and warrants)-Series APreferred Stock | 0 |
| Proceeds from private placement of series a and series b preferred stock (and warrants)-Series BPreferred Stock | 2,916,810 |
| Proceeds from eloc sales of common stock | 4,817,235 |
| Proceeds from warrants exercised | 355 |
| Deferred transaction costs associated with s-1 filing | 0 |
| Net cash provided by / (used in) financing activities | 29,990,430 |
| Net increase / (decrease) in cash | 1,221,512 |
| Cash and cash equivalents at beginning of period | 453,162 |
| Cash and cash equivalents at end of period | 1,674,674 |
Heritage Distilling Holding Company, Inc. (IPST)
Heritage Distilling Holding Company, Inc. (IPST)