(LOSS) EARNINGS PER COMMON SHARE

Basic (loss) earnings per share is computed using the weighted-average number of common shares outstanding for the period. Diluted (loss) earnings per share is calculated using the treasury stock method to reflect the assumed issuance of common shares for all potentially dilutive securities, which consist of outstanding stock options. Potentially dilutive shares are excluded from the computation of diluted (loss) earnings per share if their effect is anti-dilutive.

Options to purchase 318,750 and 593,750 shares of common stock were excluded from the computation of diluted shares for the years ended September 30, 2018 and 2017, respectively, as their inclusion would have been antidilutive.

Reconciliations between net (loss) earnings attributable to Barnwell stockholders and common shares outstanding of the basic and diluted net (loss) earnings per share computations are detailed in the following tables:



	Year ended September 30, 2018
	Net Loss			Shares	Per-Share
	(Numerator)			(Denominator)	Amount
Basic net loss per share	$	(1,770,000	)	8,277,160	$	(0.21	)
Effect of dilutive securities - common stock options	—			—
Diluted net loss per share	$	(1,770,000	)	8,277,160	$	(0.21	)

	Year ended September 30, 2017
	Net Earnings			Shares	Per-Share
	(Numerator)			(Denominator)	Amount
Basic net earnings per share	$	1,171,000		8,277,160	$	0.14
Effect of dilutive securities - common stock options	—			—
Diluted net earnings per share	$	1,171,000		8,277,160	$	0.14