17. EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2020

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						Six Months Ended
	March 31, 2020			March 31, 2019			March 31, 2020			March 31, 2019
Basic:
Net income (loss) continuing operations	$	14,883,772		$	(31,850,877	)	$	27,854,738		$	(32,845,791	)
Net income (loss) discontinued operations		-			59,139			(41,202	)		(1,055,660	)
Net income (loss) attributable to cbdMD, Inc. common shareholders		14,883,772			(31,791,738	)		27,813,536			(33,901,451	)
Preferred dividends paid		100,016			-			166,750			-
Diluted:
Net income (loss) continuing operations adjusted for preferred dividend		14,783,756			-			27,687,988			-
Net income(loss) adjusted for preferred dividend		14,783,756			-			27,646,786			-
Shares used in computing basic earnings per share		36,503,005			10,160,947			36,503,005			10,107,144
Effect of dilutive securities:
Options		-			-			-			-
Warrants		-			-			-			-
Convertible preferred shares		833,500			-			833,500			-
Shares used in computing diluted earnings per share		37,336,505			10,160,947			37,336,505			10,107,144
Earnings per share Basic:
Continued operations		0.41			(3.13	)		0.76			(3.24	)
Discontinued operations		(0.00	)		(0.00	)		(0.00	)		(0.11	)
Basic earnings per share		0.41			(3.13	)		0.76			(3.35	)
Earnings per share Diluted:
Continued operations		0.40			-			0.74			-
Discontinued operations		-			-			(0.00	)		-
Diluted earnings per share		0.40			-			0.74			-

At the three and six months ended March 31, 2019, 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.