Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 455

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 455
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loss) for the period by the weighted -averagenumber of common shares outstanding during the period. The Company computes diluted net income/(loss) per share by dividing net income/(loss) for the period by the weighted -averagenumber of common shares outstanding during the period, plus the dilutive effect of the stock options, RSU awards and exercisable F-105

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 16 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE(cont.)

common stock warrants, as applicable pursuant to the treasury stock method, and the convertible notes, as applicable pursuant to the if-converted method.

| Basic earnings per share of common stock:                   
 Numerator:                                                  |     | For the Years Ended 
 December 31,        
 2024                |             |   |     | 2023 |             |   |
|:------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income/(Loss) for the period                            |     | $                   |     710,458 |   |     | $    | (36,798,419 | ) |
| Preferred stock dividend                                    |     | $                   |    (492,366 | ) |     | $    |           — |   |
| Deemed Dividend due to warrant exchange                     |     | $                   |    (155,279 | ) |     | $    |           — |   |
| Net Income/(Loss) for the period – basic                    |     | $                   |      62,813 |   |     | $    | (36,798,419 | ) |
| Denominator:                                                |     |                     |             |   |     |      |             |   |
| Weighted average number of shares of common stock – basic   |     |                     |      64,066 |   |     |      |      19,077 |   |
| Net Income/(Loss) per share of common stock – basic         |     | $                   |        0.98 |   |     | $    |   (1,928.94 | ) |
| Diluted earnings per share of common stock:                 |     |                     |             |   |     |      |             |   |
| Numerator:                                                  |     |                     |             |   |     |      |             |   |
| Net Income/(