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19. EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2020

Net Income (Loss) per share

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the following periods:

		Year Ended
		September 30, 2020				September 30,  2019
Basic:
Net income (loss) continuing operations		$	12,651,255			$	(45,429,776	)
Preferred dividends paid			366,850				-
Net income (loss) continuing operations adjusted for preferred dividend			12,284,405
Net income (loss) discontinued operations			(48,983	)			(4,998,450	)
Net income (loss) attributable to cbdMD, Inc. common shareholders		$	12,235,422			$	(50,428,226	)
Diluted:
Net income (loss) continuing operations			12,651,255				-
Net income (loss) discontinued operations			(48,983	)			-
Net income (loss)			12,602,272				-
Shares used in computing basic earnings per share			44,140,360				17,887,247
Effect of dilutive securities:
Options			19,904				-
Warrants			177,910				-
Convertible preferred shares			833,500				-
Shares used in computing diluted earnings per share			45,171,674				17,887,247
Earnings (loss) per share Basic:
Continued operations		$	0.28			$	(2.54	)
Discontinued operations			(0.00	)			(0.28	)
Basic earnings (loss) per share		$	0.28			$	(2.82	)
Earnings (loss) per share Diluted:
Continued operations		$	0.28			$	-
Discontinued operations			(0.00	)			-
Diluted earnings (loss) per share		$	0.28			$	-

At the year ended September 30, 2019, 1,643,255 potential shares underlying options and warrants were excluded from the shares used to calculate diluted loss per share as their inclusion would reduce net loss per share, respectively.

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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