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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Gross Sales $ 6,584,666 $ 9,948,858 $ 12,825,191 $ 19,805,625
Allowances (344,646) (319,972) (499,954) (854,917)
Total Net Sales 6,240,020 9,628,886 12,325,237 18,950,708
Cost of sales 2,224,512 3,186,564 4,741,964 7,514,874
Gross Profit 4,015,508 6,442,322 7,583,273 11,435,834
Operating expenses 5,416,151 11,452,700 13,030,097 23,407,984
Impairment of goodwill and other intangible assets 0 0 0 18,183,285
Loss from operations (1,400,643) (5,010,378) (5,446,824) (30,155,435)
Realized and Unrealized loss on marketable and other securities 0 0 0 (33,352)
Decrease of contingent liability 48,000 353,000 109,000 6,303,000
Other income 17,787 2,249 49,543 72,987
Interest expense (1,946) (2,086) (4,583) (5,320)
Loss before provision for income taxes (1,336,802) (4,657,215) (5,292,864) (23,818,120)
Benefit for income taxes 0 0 0 0
Net Loss (1,336,802) (4,657,215) (5,292,864) (23,818,120)
Preferred dividends 1,000,500 1,000,502 2,001,002 2,001,002
Net Loss attributable to cbdMD, Inc. common shareholders $ (2,337,302) $ (5,657,717) $ (7,293,866) $ (25,819,122)
Net Loss per share:        
Basic earnings per share (in dollars per share) $ (1.74) $ (4.32) $ (5.43) $ (19.67)
Diluted earnings per share (in dollars per share) $ (1.74) $ (4.32) $ (5.43) $ (19.67)
Weighted average number of shares Basic: (in shares) 1,345,589 1,310,378 1,343,394 1,312,755
Weighted average number of shares Diluted: (in shares) 1,345,589 1,310,378 1,343,394 1,312,755