LOSS PER SHARE

3 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

LOSS PER SHARE

10. LOSS PER SHARE

The calculation of basic and diluted loss per share for the three month periods ended December 31, 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 December 31, 2023			Three months ended December 31, 2022
Net loss	$	(751,881	)	$	(1,309,191	)
Weighted average common shares outstanding		551,503			483,150
Basic and diluted loss per share	$	(1.36	)	$	(2.71	)

As of December 31, 2023, 16,980 (2022 - 21,146) stock options and 275,353 (2022 - 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 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

THREE MONTHS ENDED DECEMBER 31, 2023

(UNAUDITED)