Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 367

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 367
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 related party). NOTE 14 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE The Company computes basic net income/(loss) per share by dividing net income/(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-49

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 14 — 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 Nine Months Ended 
 September 30,             
 2025                      |             |   |     | 2024 |             |   |
|:---------------------------------------------------------------|:----|:--------------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income/(Loss) for the period                               |     | $                         | 185,935,769 |   |     | $    |   5,426,409 |   |
| Preferred stock dividend                                       |     |                           |  (1,297,350 | ) |     |      |    (125,187 | ) |
| Net Income/(Loss) for the period – basic                       |     | $                         | 184,638,419 |   |     | $    |   5,301,222 |   |
| Denominator:                                                   |     |                           |             |   |     |      |             |   |
| Weighted average number of shares of common stock – basic      |     |                           |   4,236,733 |   |     |      |      21,428 |   |
| Net Income/(Loss) per share of common stock – basic            |     | $                         |       43.58 |   |     | $    |      247.40 |   |
| Diluted earnings per share of common stock:                    |     |                           |             |   |     |      |             |   |
| Numerator:                                                     |