Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 107

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 effect of the stock options, RSU awards and exercisable common stock warrants, as applicable pursuant to the treasury stock method, and the convertible notes, as applicable pursuant to the if-

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Table of ContentsHeritage Distilling Holding Company, Inc.Notes to Condensed Consolidated Financial Statements(unaudited)NOTE 14 — BASIC AND DILUTED NET LOSS PER SHARE (cont.)

converted method. The following table sets forth the computation of basic and diluted net income / (loss) per share:For the Three Months Ended September 30,For the Nine Months EndedSeptember 30,2025202420252024Basic earnings per share of common stock:Numerator:Net Income / (Loss) for the period$196,263,893 $(3,432,931)$185,935,769 $5,426,409 Preferred stock dividend(198,607)(111,650)(1,297,350)(125,187)Net Income / (Loss) for the period – basic$196,065,286 $(3,544,581)$184,638,419 $5,301,222 Denominator:Weighted average number of shares of common stock - basic11,555,389 22,097 4,236,733 21,428 Net Income / (Loss) per share of common stock - basic$16.97 $(160.41)$43.58 $247.40 Diluted earnings per share of common stock:Numerator:Net Income / (Loss) for the period - basic$196,065,286 $(3,544,581)$184,638,419 $5,301,222 Change in fair value of dilutive convertible notes— — — (17,801,538)Change in fair value of dilutive warrants— — — (1,794,334)Net Income / (Loss) for the period - diluted$196,065,286 $(3,544,581)$184,638,419 $(14,294,650)Denominator:Weighted average number of shares of common stock - basic(1)11,555,389 22,097 4,236,733 21,428 Conversion of Convertible Notes into Common Stock— — — 190,977 Conversion of Warrants into Common Stock— — — 16,586 Weighted average number of shares of common stock -