XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.20.4

15. EARNINGS PER SHARE | 3 Months Ended
--- | ---
Dec. 31, 2020
Net (loss) income per share: |
EARNINGS PER SHARE | The following table sets forth the computation of basic and diluted earnings per share for the following periods:
|  | Three Months Ended |
|  | December 31, 2020 |  |  | December 31, 2019 |
Basic: |  |  |  |  |  |
Net income (loss) continuing operations |  | $ | (9,395,621 | ) |  | $ | 12,970,965 |
Preferred dividends paid |  |  | 100,050 |  |  |  | 66,734 |
Net income (loss) continuing operations adjusted for preferred dividend |  |  | (9,495,671 | ) |  |  | 12,904,231 |
Net income (loss) discontinued operations |  |  | - |  |  |  | (41,202 | )
Net income (loss) attributable to cbdMD, Inc. common shareholders |  |  | (9,495,671 | ) |  |  | 12,929,763 |
Diluted: |  |  |  |  |  |  |  |
Net income (loss) continuing operations |  |  | (9,395,621 | ) |  |  | 12,970,965 |
Net income (loss) discontinued operations |  |  | - |  |  |  | (41,202 | )
Net income(loss) |  |  | (9,395,621 | ) |  |  | 12,929,763 |
Shares used in computing basic earnings per share |  |  | 52,130,870 |  |  |  | 27,720,356 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | - |
Warrants |  |  | - |  |  |  | - |
Convertible preferred shares |  |  | - |  |  |  | 833,500 |
Shares used in computing diluted earnings per share |  |  | 52,130,870 |  |  |  | 28,553,856 |
Earnings per share Basic: |  |  |  |  |  |  |  |
Continued operations |  |  | (0.18 | ) |  |  | 0.46 |
Discontinued operations |  |  | (0.00 | ) |  |  | (0.00 | )
Basic earnings per share |  |  | (0.18 | ) |  |  | 0.46 |
Earnings per share Diluted: |  |  |  |  |  |  |  |
Continued operations |  |  | (0.18 | ) |  |  | 0.45 |
Discontinued operations |  |  | - |  |  |  | - |
Diluted earnings per share |  |  | (0.18 | ) |  |  | 0.45 |
At the three months ended December 31, 2020, 3,214,686 potential shares underlying options, unvested RSUs and warrants as well as 4,667,600 shares of our 8.0% Series A Cumulative Convertible Preferred Stock were excluded from the shares used to calculate diluted loss per share as their inclusion would reduce net loss per share.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 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 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration