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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gross Sales $ 5,173,878 $ 6,462,965 $ 15,365,953 $ 19,288,155
Allowances 0 (343,585) (440,152) (843,538)
Total Net Sales 5,173,878 6,119,380 14,925,801 18,444,617
Cost of sales 1,770,364 2,273,839 5,384,061 7,015,803
Gross Profit 3,403,514 3,845,541 9,541,740 11,428,814
Operating expenses 3,785,542 5,669,194 12,540,595 18,699,293
Loss from operations (382,028) (1,823,653) (2,998,855) (7,270,479)
Decrease of contingent liability 0 44,771 74,580 153,771
Decrease (increase) in fair value of convertible debt 854,506 0 (591,494) 0
Other income 0 9,725 0 59,269
Interest expense (12,741) (1,246) (31,558) (5,831)
Income (loss) before provision for income taxes 459,737 (1,770,404) (3,547,327) (7,063,270)
Net Income (loss) 459,737 (1,770,404) (3,547,327) (7,063,270)
Preferred dividends 1,000,500 1,000,501 3,001,501 3,001,503
Net Loss attributable to cbdMD, Inc. common shareholders $ (540,763) $ (2,770,904) $ (6,548,828) $ (10,064,773)
Net Loss per common share:        
Basic loss per share (in dollars per share) $ (0.15) $ (1.16) $ (1.84) $ (4.26)
Diluted loss per share (in dollars per share) $ (0.15) $ (1.16) $ (1.84) $ (4.26)
Weighted average number of shares Basic and diluted: (in shares) 3,592,969 2,379,633 3,561,884 2,360,908