17. EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2019

Net income (loss) per share:

EARNINGS PER SHARE

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

	Three Months Ended
	December 31, 2019			December 31, 2018
Basic:
Net income (loss) continuing operations	$	12,970,965		$	(920,931	)
Net income (loss) discontinued operations		(41,202	)		(1,188,962	)
Net income (loss) attributable to cbdMD, Inc. common shareholders		12,929,763			(2,109,893	)
Preferred dividends paid		66,734			-
Diluted:
Net income (loss) continuing operations adjusted for preferred dividend		12,904,231			-
Net income(loss) adjusted for preferred dividend		12,863,029			-
Shares used in computing basic earnings per share		27,720,356			10,052,960
Effect of dilutive securities:
Options		-			-
Warrants		-			-
Convertible preferred shares		833,500			-
Shares used in computing diluted earnings per share		28,553,856			10,052,960
Earnings per share Basic:
Continued operations		0.46			(0.09	)
Discontinued operations		(.00	)		(0.12	)
Basic earnings per share		0.46			(0.21	)
Earnings per share Diluted:
Continued operations		0.45			-
Discontinued operations		-			-
Diluted earnings per share		0.45			-

At December 31, 2018, 833,255 potential shares underlying options and warrants, were excluded from the shares used to calculate diluted loss per share as their inclusion would reduce net loss per share.