LOSS PER SHARE

12 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

LOSS PER SHARE

10. LOSS PER SHARE

The calculation of basic and diluted loss per share for the years ended September 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:

	2023			2022
Net loss	$	(4,483,195	)	$	(2,714,616	)
Weighted average common shares outstanding		508,813			385,756
Basic and diluted loss per share	$	(8.81	)	$	(7.04	)

For the year ended September 30, 2023, 20,313 stock options and 279,746 warrants were excluded from the diluted weighted average number of common shares calculation as their effect would have been anti-dilutive.

For the year ended September 30, 2022, $73,000 (CAD$100,000) of convertible debentures convertible into 2,778 common shares, 21,146 stock options and 274,276 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 CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED SEPTEMBER 30, 2023 AND 2022