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SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Sep. 30, 2019

The Company’s share-based compensation benefit and related income tax effects are as follows:

A summary of the activity in Barnwell’s equity-classified share options from October 1, 2018 through September 30, 2019 is presented below:



Options	Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 1, 2018	30,000	$	3.01
Granted	—	—
Exercised	—	—
Expired/Forfeited	—	—
Outstanding at September 30, 2019	30,000	$	3.01	0.5	$	—
Exercisable at September 30, 2019	30,000	$	3.01	0.5	$	—

The following table summarizes the components of the total share-based compensation for liability-classified awards:



	Year ended September 30,
	2019			2018
Due to vesting	$	—		$	—
Due to remeasurement	(42,000		)	(60,000		)
Total share-based compensation benefit for liability-based awards	$	(42,000	)	$	(60,000	)

A summary of the activity in Barnwell’s liability-classified share options from October 1, 2018 through September 30, 2019 is presented below:



Options	Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 1, 2018	288,750	$	4.18
Granted	—	—
Exercised	—	—
Expired/Forfeited	—	—
Outstanding at September 30, 2019	288,750	$	4.18	0.2	$	—
Exercisable at September 30, 2019	288,750	$	4.18	0.2	$	—

The following assumptions were used in estimating fair value for all liability-classified share options outstanding:



	Year ended September 30,
	2019	2018
Expected volatility range	87.8% to 91.1%	59.8% to 60.1%
Weighted-average volatility	90.8%	59.8%
Expected dividends	None	None
Expected term (in years)	0.2 to 0.5	1.2 to 5.2
Risk-free interest rate	1.8% to 1.9%	2.6% to 2.9%
Expected forfeitures	None	None