Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 24

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 in Fair Value of Convertible Notes— 29,288 — 8,324,198 Change in Fair Value of Warrant Liabilities— (720,550)— 1,734,308 Change in Fair Value of Contingency Liability(62,424)— (62,424)457,127 Other Income / (Expense)(114,619)64 (220,960)656 Total Other Income / (Expense)246,839,519 (1,352,841)245,614,655 12,040,212 Income / (Loss) Before Income Taxes245,690,687 (3,432,931)235,365,685 5,435,559 Income Taxes(49,426,794)— (49,429,916)(9,150)Net Income / (Loss)$196,263,893 $(3,432,931)$185,935,769 $5,426,409 Net Income / (Loss) Per Share, Basic$16.97 $(160.41)$43.58 $247.40 Weighted Average Common Shares Outstanding, Basic11,555,389 22,097 4,236,733 21,428 Net Income / (Loss) Per Share, Diluted (See Note 14)$16.97 $(160.41)$43.58 $(62.42)Weighted Average Common Shares Outstanding, Diluted11,555,389 22,097 4,236,733 228,991 

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

Heritage Distilling Holding Company, Inc.

Condensed Consolidated Statements of Stockholders’ Equity / (Deficit)(unaudited)

Common StockPreferred Stock - Series APreferred Stock - Series BRetained Earnings / (Accumulated Deficit)TotalStock-holders’Equity / (Deficit)Number of SharesPar ValueNumber of SharesPar ValueNumber of SharesPar ValueAdditionalPaid-inCapitalBeginning Balance June 30, 2025636,394$64 210,700$21 744,354$75 $81,575,384 $(84,462,142)$(2,886,598)PIPE Placement of Prepaid Warrants—— — — — — 215,198,048 — 215,198,048 PIPE Advisor Common Stock Compensation323,