Company: IPST
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001788230-25-000062
Chunk: 79

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 Months Ended March 31,20252024Basic earnings per share of common stock:Numerator:Net Income / (Loss) for the period$(3,033,047)$452,839 Preferred stock dividend(222,678)— Net Income / (Loss) for the period – basic$(3,255,725)$452,839 Denominator:Weighted average number of shares of common stock - basic9,662,201 403,329 Net Income / (Loss) per share of common stock - basic$(0.34)$1.12 Diluted earnings per share of common stock:Numerator:Net Income / (Loss) for the period - basic$(3,255,725)$452,839 Net Income / (Loss) for the period - diluted$(3,255,725)$452,839 Denominator:Weighted average number of shares of common stock - basic(1)9,662,201 403,329 Conversion of Convertible Notes into Common Stock— 3,070,503 Weighted average number of shares of common stock - diluted(1)9,662,201 3,473,832 Net Income / (Loss) per share of common stock - diluted$(0.34)$0.13 (1)Includes 3,627,918 prepaid warrantsDiluted earnings / (loss) per share reflect the potential dilution of securities that could share in the earnings of an entity. For the three months ended March 31, 2024, the calculation of diluted earnings per share includes the dilutive effect of shares issued for the conversion of the convertible notes and related warrants and subtracts the related gains from changes in their respective fair values from net income / (loss). The following number of shares of common stock from the potential exercise or conversion of outstanding potentially dilutive securities were excluded from the computation of 

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Table of ContentsHeritage Distilling Holding Company, Inc.Notes to Condensed Consolidated Financial Statements(unaudited)NOTE 13 — BASIC AND DILUTED NET LOSS PER SHARE (cont.)

diluted net income / (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive:For the Three Months Ended March 31, 20252024ISOs6,011 6,164 Equity-classified Warrants1,441,512 116,928 Liability-classified Warrants— 2,020,139