Note 15 - Earnings Per Share

9 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 15 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the following periods:

	Three Months Ended					Nine Months Ended
	June 30,			June 30,		June 30,			June 30,
	2022			2021		2022			2021
Basic:
Net loss continuing operations	$	(31,634,143	)	$	1,537,288	$	(55,453,289	)	$	(20,368,808	)
Preferred dividends paid		1,000,501			560,281		3,001,503			1,220,610
Net (loss) income continuing operations adjusted for preferred dividend		(32,634,644	)		977,007		(58,454,792	)		(21,589,418	)
Net (loss) income attributable to cbdMD Inc. common shareholders		(32,634,644	)		977,007		(58,454,792	)		(21,589,418	)
Diluted:
Net (loss) income continuing operations		(32,634,644	)		977,007		(58,454,792	)		(21,589,418	)
Net (loss) income continuing operations		(32,634,644	)		977,007		(58,454,792	)		(21,589,418	)
Shares used in computing basic earnings per share		59,316,762			56,676,326		59,229,208			54,089,263
Effect of dilutive securities:
Options		-			64,833		-			-
Warrants		-			22,884		-			-
Convertible preferred shares		-			4,667,600		-			-
Shares used in computing diluted earnings per share		59,316,762			61,431,643		59,229,208			54,089,263
Earnings per share Basic:
Continued operations		(0.55	)		0.02		(0.99	)		(0.40	)
Basic earnings per share		(0.55	)		0.02		(0.99	)		(0.40	)
Earnings per share Diluted:					-		-
Continued operations		(0.55	)		0.02		(0.99	)		(0.40	)
Diluted earnings per share		(0.55	)		0.02		(0.99	)		(0.40	)

At June 30, 2022, 4,888,667potential shares underlying options, unvested RSUs and warrants as well as 8,335,000 convertible preferred shares were excluded from the shares used to calculate diluted loss per share as their inclusion would reduce net loss per share.