Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 285

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 285
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: 725,608$ 8Contingent Legacy Shareholder Warrants; 1,451,216$ 12Contingent Legacy Shareholder Warrants; and 1,814,020$ 20Contingent Legacy Shareholder Warrants, (of which 115,456; 230,912; and 288,640, respectively were to a related party).

NOTE 16 — 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:

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

| Basic earnings per share of common stock:                   
 Numerator:                                                  |     | 2024                              
 For the Years Ended  December 31, 
 2024                              |             |   |     | 2023 
 2023 |             |   |
|:------------------------------------------------------------|:----|:----------------------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income / (Loss) for the period                          |     | $                                 |     710,458 |   |     | $    | (36,798,419 | ) |
| Preferred stock dividend                                    |     | $                                 |    (492,366 | ) |     | $    |           — |   |
| Deemed Dividend due to warrant exchange                     |     | $                                 |    (155,279 | ) |     | $    |           — |   |
| Net Income / (Loss) for the period – basic                  |     | $                                 |      62,813 |   |     | $    | (36,798,419 | ) |
| Denominator:                                                |     |                                   |             |   |     |      |             |   |
| Weighted average number of shares of common stock - basic