LOSS PER SHARE

9 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

LOSS PER SHARE

10. LOSS PER SHARE

The calculation of basic and diluted loss per share for the three and nine month periods ended June 30, 2024 and 2023 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, 2024			Three Months Ended June 30, 2023			Nine Months Ended June 30, 2024			Nine Months Ended June 30, 2023
Net loss	$	(1,248,755	)	$	(1,452,827	)	$	(2,415,991	)	$	(3,873,341	)
Weighted average common shares outstanding		551,503			491,036			551,503			485,779
Basic and diluted loss per share	$	(2.26	)	$	(2.96	)	$	(4.38	)	$	(7.97	)

For the three and nine months ended June 30, 2024, 16,980 stock options and 676,663 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, 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.

PERMEX PETROLEUM CORPORATION

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

THREE AND NINE MONTHS ENDED JUNE 30, 2024

(UNAUDITED)