Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 72

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 72
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 0; and 0, respectively were to a related party).

| 40 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 13 — 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-average number 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-average number of common shares outstanding during the period, plus the dilutive 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-converted method. The following table sets forth the computation of basic and diluted net income / (loss) per share:

| Basic earnings per share of common stock:                      
 Numerator:                                                     |     | For the Three Months Ended   June 30, 
 2025                                  |            |   |     | 2024 |            |   |     | For the Six Months Ended   June 30, 
 2025                                |             |   |     | 2024 |             |   |
|:---------------------------------------------------------------|:----|:--------------------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:------------------------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income / (Loss) for the period                             |     | $                                     | (7,295,078 | ) |     | $    |  8,406,501 |   |     | $                                   | (10,328,125 | ) |     | $    |   8,859,341 |   |
| Preferred stock dividend                                       |     |                                       | (1,178,544 | ) |     |      |    (13,537 | ) |     |                                     |  (1,650,573 | ) |     |      |     (13,537 | ) |
| Net Income / (Loss) for the period – basic                     |     | $                                     | (8,473,622 | ) |     | $    |  8,392,964 |   |     | $                                   |