Note 15 - Loss Per Share

12 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 15 – LOSS PER SHARE

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

	Year Ended
	September 30,			September 30,
	2022			2021
Basic:
Net income (loss)	$	(70,083,693	)	$	(23,394,889	)
Preferred dividends paid		4,002,005			2,554,609
Net income (loss) continuing operations adjusted for preferred dividend		(74,085,698	)		(25,949,498	)
Net income (loss) attributable to cbdMD Inc. common shareholders		(74,085,698	)		(25,949,498	)
Diluted:
Net income (loss)		(74,085,698	)		(25,949,498	)
Net income (loss)		(74,085,698	)		(25,949,498	)
Shares used in computing basic earnings per share		59,750,301			54,938,128
Effect of dilutive securities:
Options		-			-
Warrants		-			-
Convertible preferred shares		-			-
Shares used in computing diluted earnings per share		59,750,301			54,938,128
Earnings per share Basic:
Continued operations		(1.24	)		(0.47	)
Discontinued operations		-			-
Basic earnings per share		(1.24	)		(0.47	)
Earnings per share Dliuted:
Continued operations		(1.24	)		(0.47	)
Discontinued operations		-			-
Diluted earnings per share		(1.24	)		(0.47	)

At the year ended  September 30, 2022, 3,335,750 potential 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.