Heritage Distilling Holding Co. Q3 2024 10-Q Filing

TL;DR

**HDGS files Q3 10-Q. All eyes on revenue and debt.**

AI Summary

Heritage Distilling Holding Company, Inc. filed its quarterly report for the period ended September 30, 2024. The company, incorporated in Delaware with its principal executive office in Gig Harbor, Washington, operates in the beverages sector. This filing provides an update on its financial performance and business operations for the third quarter of 2024.

Why It Matters

This filing provides investors with crucial financial and operational updates for Heritage Distilling Holding Company, Inc. during the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company, Heritage Distilling Holding Company, Inc. is subject to market fluctuations and regulatory oversight, inherent risks for any 10-Q filing.

Key Players & Entities

• Heritage Distilling Holding Company, Inc. (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• Delaware (jurisdiction) — State of incorporation
• Gig Harbor, Washington (location) — Principal executive office location
• 001-42411 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.0001 — he Registrant's common stock, par value $0.0001 per share, outstanding as of December 2

Filing Documents

• ea0225723-10q_heritage.htm (10-Q) — 1617KB
• ea022572301ex31-1_heritage.htm (EX-31.1) — 8KB
• ea022572301ex31-2_heritage.htm (EX-31.2) — 8KB
• ea022572301ex32-1_heritage.htm (EX-32.1) — 4KB
• ea022572301ex32-2_heritage.htm (EX-32.2) — 4KB
• 0001213900-24-113078.txt ( ) — 11070KB
• cask-20240930.xsd (EX-101.SCH) — 85KB
• cask-20240930_cal.xml (EX-101.CAL) — 51KB
• cask-20240930_def.xml (EX-101.DEF) — 549KB
• cask-20240930_lab.xml (EX-101.LAB) — 835KB
• cask-20240930_pre.xml (EX-101.PRE) — 548KB
• ea0225723-10q_heritage_htm.xml (XML) — 1270KB

SIGNATURES

SIGNATURES 72 i Item 1.

Financial Statements

Financial Statements HERITAGE DISTILLING HOLDING COMPANY, INC. CONSOLIDATED FINANCIAL STATEMENTS Index to Consolidated Financial Statements Page Unaudited Interim Condensed Consolidated Financial Statements for the Three and Nine-Month Periods ended September 30, 2024 and 2023 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 2 Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Nine Months ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months ended September 30, 2024 and 2023 5 Notes to Unaudited Condensed Consolidated Financial Statements 6 1 Heritage Distilling Holding Company, Inc. Condensed Consolidated Balance Sheet (unaudited) September 30, 2024 December 31, 2023 ASSETS Current Assets Cash $ 31,845 $ 76,878 Accounts Receivable 300,488 721,932 Inventory 3,594,404 2,756,350 Other Current Assets 1,987,829 1,717,650 Total Current Assets 5,914,566 5,272,810 Long Term Assets Property and Equipment, net of Accumulated Depreciation 5,940,893 6,428,112 Operating Lease Right-of-Use Assets, net 3,446,225 3,658,493 Investment in Flavored Bourbon LLC 14,285,222 10,864,000 Intangible Assets (Note 10) 818,016 — Goodwill (Note 10) 636,997 — Other Long Term Assets 44,817 44,817 Total Long Term Assets 25,172,170 20,995,422 Total Assets $ 31,086,736 $ 26,268,232 LIABILITIES & STOCKHOLDERS' DEFICIT Current Liabilities Accounts Payable $ 5,795,687 $ 5,228,786 Accrued Payroll 1,672,147 1,321,298 Accrued Tax Liability 1,623,407 1,468,994 Other Current Liabilities 2,143,301 1,827,013 Operating Lease Liabilities, Current 1,199,185 1,294,706 Notes Payable, Current 14,415,942 14,270,956 Convertible Notes at fair value-Current (inclu

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View this 10-Q filing on SEC EDGAR