XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Gross Sales $ 11,352,585 $ 10,809,387 $ 36,941,917 $ 30,925,678
Allowances (792,062) (172,842) (2,254,481) (741,861)
Total Net Sales 10,560,523 10,636,545 34,687,436 30,183,817
Cost of sales 3,370,952 3,748,024 10,444,353 10,180,637
Gross Profit 7,189,571 6,888,521 24,243,083 20,003,180
Operating expenses 13,865,191 8,226,029 36,846,371 33,053,962
(Loss) from operations (6,675,620) (1,337,508) (12,603,288) (13,050,782)
Realized and Unrealized (loss) gain on marketable and other securities, including impairments (18,623) (30,849) 526,940 (906,011)
Gain (loss) on extinguishment of debt 1,466,113 0 1,466,113 0
Decrease (increase) of contingent liability 6,871,000 (7,580,000) (10,500,000) 30,580,000
Interest (expense) income (2,582) 3,436 (23,573) 46,311
Income (loss) before provision for income taxes 1,640,288 (8,944,921) (21,133,808) 16,669,518
Benefit for income taxes (103,000) 0 765,000 2,240,300
Net Income (Loss) from continuing operations 1,537,288 (8,944,921) (20,368,808) 18,909,818
Net (Loss) from discontinued operations, net of tax (Note 14) 0 (7,781) 0 (48,983)
Net Income (Loss) 1,537,288 (8,952,702) (20,368,808) 18,860,835
Preferred dividends 560,281 100,050 1,220,610 266,800
Net Income (Loss) attributable to cbdMD, Inc. common shareholders $ 977,007 $ (9,052,752) $ (21,589,418) $ 18,594,035
Net Income (Loss) per share:        
Basic earnings per share $ 0.02 $ (0.18) $ (0.40) $ 0.45
Diluted earnings per share $ 0.02 $ 0 $ 0 $ 0.44
Weighted average number of shares Basic: 56,676,326 51,335,648 54,089,263 41,411,261
Weighted average number of shares Diluted: 61,431,643 52,169,048 54,089,263 42,534,519