Company: IPST
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001788230-25-000175
Chunk: 251

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part II, Item 8
Chunk 251
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286 $(3,544,581)$184,638,419 $(14,294,650)Denominator:Weighted average number of shares of common stock - basic(1)11,555,389 22,097 4,236,733 21,428 Conversion of Convertible Notes into Common Stock— — — 190,977 Conversion of Warrants into Common Stock— — — 16,586 Weighted average number of shares of common stock - diluted(1)11,555,389 22,097 4,236,733 228,991 Net Income / (Loss) per share of common stock - diluted$16.97 $(160.41)$43.58 $(62.42)(1)Includes 5,000 prepaid warrants for the nine month period ended September 30, 2025. Diluted earnings / (loss) per share reflect the potential dilution of securities that could share in the earnings of an entity. For the three and nine months ended September 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 excluded from the 

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Table of ContentsHeritage Distilling Holding Company, Inc.Notes to Condensed Consolidated Financial Statements(unaudited)NOTE 14 — BASIC AND DILUTED NET LOSS PER SHARE (cont.)

computation of diluted net income / (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive:For the Three and NineMonths Ended September 30, 20252024ISOs119 301 RSU Awards125,000 12,154Equity-classified Warrants87,78416,875Liability-classified Warrants— 45,417 Legacy Warrants176,165 — Warrants issued with Preferred Stock (Series B)37,498 — Convertible Notes— 147,301 Preferred Stock (Series A)41,597 53,265 Preferred Stock (Series B) 22,472 — Total490,635 275,313 

NOTE 15 — SEGMENT REPORTING

Due to the launch of the $IP Token treasury