Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 221

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 221
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 - basic11,000,519 421,799 10,335,057 421,799 Net Income / (Loss) per share of common stock - basic$(0.77)$19.90 $(1.16)$20.97 Diluted earnings per share of common stock:Numerator:Net Income / (Loss) for the period - basic$(8,473,622)$8,392,964 $(11,978,698)$8,845,804 Change in fair value of dilutive convertible notes— (1,941,370)— (18,216,803)Change in fair value of dilutive warrants— (546,672)— (1,794,334)Net Income / (Loss) for the period - diluted$(8,473,622)$5,904,922 $(11,978,698)$(11,165,333)Denominator:Weighted average number of shares of common stock - basic(1)11,000,519 421,799 10,335,057 421,799 Conversion of Convertible Notes into Common Stock— 3,819,542 — 3,819,542 Conversion of Warrants into Common Stock— 331,722 — 331,722 Weighted average number of shares of common stock - diluted(1)11,000,519 4,573,063 10,335,057 4,573,063 Net Income / (Loss) per share of common stock - diluted$(0.77)$1.29 $(1.16)$(2.44)(1)Includes 100,000 prepaid warrants for the period ended June 30, 2025. 

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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 earnings / (loss) per share reflect the potential dilution of securities that could share in the earnings of an entity. For the three and six months ended June 30, 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