XML 36 R19.htm IDEA: XBRL DOCUMENT

LOSS PER SHARE

9 Months Ended

12 Months Ended

Jun. 30, 2023

Sep. 30, 2022

Earnings Per Share [Abstract]

10. LOSS PER SHARE

The calculation of basic and diluted loss per share for the three and nine month periods ended June 30, 2023 and 2022 was based on the net losses attributable to common shareholders. The following table sets forth the computation of basic and diluted loss per share:

		Three Months Ended June 30, 2023				Three Months Ended June 30, 2022				Nine Months Ended June 30, 2023				Nine Months Ended June 30, 2022

Net loss		$	(1,452,827	)		$	(888,669	)		$	(3,873,341	)		$	(1,797,785	)
Weighted average common shares outstanding			1,964,147				1,932,604				1,943,118				1,411,734
Weighted average common shares outstanding, basic			1,964,147				1,932,604				1,943,118				1,411,734
Basic and diluted loss per share		$	(0.74	)		$	(0.46	)		$	(1.99	)		$	(1.27	)
Basic loss per share		$	(0.74	)		$	(0.46	)		$	(1.99	)		$	(1.27	)

For the three and nine months ended June 30, 2023, 81,250 stock options and 1,118,942 warrants were excluded from the diluted weighted average number of common shares calculation as their effect would have been anti-dilutive. For the three and nine months ended June 30, 2022, 92,917 stock options and 1,097,096 warrants were excluded from the diluted weighted average number of common shares calculation as their effect would have been anti-dilutive.

PERMEX PETROLEUM CORPORATION

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

THREE AND NINE MONTHS ENDED JUNE 30, 2023

(UNAUDITED)

11. LOSS PER SHARE

The calculation of basic and diluted loss per share for the years ended September 30, 2022 and 2021 was based on the net losses attributable to common shareholders. The following table sets forth the computation of basic and diluted loss per share:

		2022				2021

Net loss		$	(2,714,616	)		$	(1,253,242	)
Weighted average common shares outstanding			1,543,021				678,958

Basic and diluted loss per share		$	(1.76	)		$	(1.84	)

As of September 30, 2022, $73,000 (CAD$100,000) of convertible debentures convertible into 11,111 common shares, 84,583 (2021 - 37,917) stock options and 1,097,096 (2021 - 208,333) warrants were excluded from the diluted weighted average number of common shares calculation as their effect would have been anti-dilutive.

PERMEX PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED SEPTEMBER 30, 2022 AND 2021