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

$

-