IP Strategy Holdings Inc 2026年季度报告

FORM 10-Q_________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from __________ to __________Commission file number 001-42411_________________________ IP STRATEGY HOLDINGS, INC. (Exact name of registrant as specified in its charter)_________________________ Delaware(State or other jurisdiction of 83-4558219 (I.R.S. Employer Identification No.) 9668 Bujacich Road, Gig Harbor, Washington 98332 (253) 509-0008Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.0001 per shareIPSTThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNo The number of shares of the Registrant’s common stock, par value $0.0001 per share, outstanding as of May19, 2026, was 686,080. Table of Contents Part I - Financial Information IP STRATEGY HOLDINGS, INC.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Index to Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of March 31, 2026 and December31, 20255Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2026 and 20256Condensed Consolidated Statements of Stockholders’ Equity for the Three Months ended March 31, 2026 and 20257Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31, 2026 and 20258Notes to Unaudited Condensed Consolidated Financial Statements9 IP Strategy Holdings, Inc.Condensed Consolidated Balance Sheets(unaudited) IP Strategy Holdings, Inc.Condensed Consolidated Statement of Operations(unaudited) IP Strategy Holdings, Inc.Condensed Consolidated Statements of Stockholders’ Equity(unaudited) IP Strategy Holdings, Inc.Condensed Consolidated Statements of Cash Flows(unaudited) IP Strategy Holdings, Inc.Notes to Condensed Consolidated Financial Statements(unaudited) NOTE 1 — DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION Description of operations— IP Strategy Holdings, Inc., formerly Heritage Distilling Holding Company, Inc. (the “Company”) is aDelaware corporation engaged in the businesses of: investing in. managing, and/or operating cryptocurrency activities, including ecosystemvalidator services; and investing in, managing, and/or operating businesses that are engaged in the production, sale, or distribution ofalcoholic beverages. The Company is headquartered in Gig Harbor, Washington and has two wholly owned subsidiaries that are included inthe condensed consolidated financial statements: Heritage Distilling Company, Inc., a Washington corporation (“HDC”); and IP Strategy,LLC (“IP Strategy LLC”), a Nevada limited liability company. On February 17, 2026, the Company filed a Third Amended and Restated Certificate of Incorporation, as amended (the “Certificate ofIncorporation”) to change its name from Heritage Distilling Holding Company, Inc. to IP Strategy Holdings, Inc. The names of theCompany’s wholly owned subsidiaries, Heritage Distilling Company, Inc. and IP Strategy, LLC, remained unchanged. HDC has operated since 2011 as a craft distillery making a variety of whiskeys, vodkas, gins and rums as well as Ready-to-Drink(“RTD”) beverages. HDC also operated distillery tasting rooms in Washington and Oregon. On October 23, 2025, in response to cominglease increases, recently-enacted state tax increases on small businesses and pending w