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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Gross Sales $ 8,868,093 $ 11,352,585 $ 28,673,718 $ 36,941,917
Allowances (275,200) (792,062) (1,130,117) (2,254,481)
Total Net Sales 8,592,893 10,560,523 27,543,601 34,687,436
Cost of sales 2,660,185 3,370,952 10,176,085 10,444,353
Gross Profit 5,932,708 7,189,571 17,367,516 24,243,083
Operating expenses 8,282,931 13,865,191 31,690,915 36,846,371
Impairment of goodwill and other intangible assets 30,776,436 0 48,959,721 0
Loss from operations (33,126,659) (6,675,620) (63,283,120) (12,603,288)
Realized and Unrealized (loss) gain on marketable and other securities, including impairments   (18,623) (33,352) 526,940
Gain (loss) on extinguishment of debt 0 1,466,113 1,466,113
Decrease (increase) of contingent liability 1,943,000 6,871,000 8,246,000 (10,500,000)
Gain (loss) on sale of assets 88,769 88,769
Restructuring expense (602,092) 0 (602,092) 0
Other income 64,390 0 137,377 0
Interest expense (1,551) (2,582) (6,871) (23,573)
Loss before provision for income taxes (31,634,143) 1,640,288 (55,453,289) (21,133,808)
Benefit for income taxes 0 (103,000) 0 765,000
Net (Loss) Income (31,634,143) 1,537,288 (55,453,289) (20,368,808)
Preferred dividends 1,000,501 560,281 3,001,503 1,220,610
Net (Loss) Income attributable to cbdMD, Inc. common shareholders $ (32,634,644) $ 977,007 $ (58,454,792) $ (21,589,418)
Net (Loss) Income per share:        
Basic earnings per share (in dollars per share) $ (0.55) $ 0.02 $ (0.99) $ (0.40)
Diluted earnings per share (in dollars per share) $ (0.55) $ 0.02 $ (0.99) $ (0.40)
Weighted average number of shares Basic: (in shares) 59,316,762 56,676,326 59,229,208 54,089,263
Shares used in computing diluted earnings per share (in shares) 59,316,762 61,431,643 59,229,208 54,089,263