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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,452,553 $ 1,797,860
Accounts receivable 983,910 1,216,090
Inventory 2,365,187 4,052,972
Inventory prepaid 159,006 182,675
Prepaid sponsorship 21,754 70,061
Prepaid expenses and other current assets 406,674 750,383
Total current assets 6,389,084 8,070,041
Other assets:    
Property and equipment, net 454,268 716,579
Operating lease assets 85,817 3,350,865
Deposits for facilities 62,708 138,708
Intangible assets 2,889,580 3,219,090
Investment in other securities, noncurrent 700,000 700,000
Total other assets 4,192,373 8,125,242
Total assets 10,581,457 16,195,283
Current liabilities:    
Accounts payable 1,541,108 1,906,319
Accrued expenses 632,674 632,195
Accrued dividends 4,671,000 667,000
Deferred Revenue 503,254 185,246
Operating leases – current portion 98,696 1,277,089
Convertible notes, at fair value 1,171,308 0
Note payable 0 2,492
Total current liabilities 8,618,040 4,670,341
Long term liabilities:    
Long term liabilities 9
Operating leases - long term portion 0 2,403,286
Contingent liability 0 90,363
Total long term liabilities 0 2,493,658
Total liabilities 8,618,040 7,163,999
Commitments and Contingencies (Note 11)
cbdMD, Inc. shareholders' equity:    
Preferred stock, authorized 50,000,000 shares, $0.001 par value, 5,000,000 and 5,000,000 shares issued and outstanding, respectively 5,000 5,000
Common stock, authorized 150,000,000 shares, $0.001 par value, 3,939,057 and 2,960,573 shares issued and outstanding, respectively 3,939 2,961
Additional paid in capital 184,029,565 183,387,095
Comprehensive other expense (7,189) 0
Accumulated deficit (182,067,898) (174,363,772)
Total cbdMD, Inc. shareholders' equity 1,963,417 9,031,284
Total liabilities and shareholders' equity $ 10,581,457 $ 16,195,283