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REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACT WITH CUSTOMERS (Tables)
6 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Summary of disaggregation of revenue
The following tables provide information about disaggregated revenue by revenue streams, reportable segments, geographical region, and timing of revenue recognition for the three and six months ended March 31, 2020 and 2019.
 
 
Three months ended March 31, 2020
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
1,478,000

 
$

 
$

 
$

 
$
1,478,000

 
Natural gas
307,000

 

 

 

 
307,000

 
Natural gas liquids
125,000

 

 

 

 
125,000

 
Drilling and pump

 
2,593,000

 

 

 
2,593,000

 
Other

 

 

 
70,000

 
70,000

 
Total revenues before interest income
$
1,910,000

 
$
2,593,000

 
$

 
$
70,000

 
$
4,573,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
2,593,000

 
$

 
$

 
$
2,593,000

 
Canada
1,910,000

 

 

 
70,000

 
1,980,000

 
Total revenues before interest income
$
1,910,000

 
$
2,593,000

 
$

 
$
70,000

 
$
4,573,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
1,910,000

 
$

 
$

 
$
70,000

 
$
1,980,000

 
Services transferred over time

 
2,593,000

 

 

 
2,593,000

 
Total revenues before interest income
$
1,910,000

 
$
2,593,000

 
$

 
$
70,000

 
$
4,573,000


 
 
Three months ended March 31, 2019
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
1,477,000

 
$

 
$

 
$

 
$
1,477,000

 
Natural gas
336,000

 

 

 

 
336,000

 
Natural gas liquids
111,000

 

 

 

 
111,000

 
Drilling and pump

 
987,000

 

 

 
987,000

 
Other

 

 

 
40,000

 
40,000

 
Total revenues before interest income
$
1,924,000

 
$
987,000

 
$

 
$
40,000

 
$
2,951,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
987,000

 
$

 
$
1,000

 
$
988,000

 
Canada
1,924,000

 

 

 
39,000

 
1,963,000

 
Total revenues before interest income
$
1,924,000

 
$
987,000

 
$

 
$
40,000

 
$
2,951,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
1,924,000

 
$

 
$

 
$
40,000

 
$
1,964,000

 
Services transferred over time

 
987,000

 

 

 
987,000

 
Total revenues before interest income
$
1,924,000

 
$
987,000

 
$

 
$
40,000

 
$
2,951,000



 
 
Six months ended March 31, 2020
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
3,203,000

 
$

 
$

 
$

 
$
3,203,000

 
Natural gas
629,000

 

 

 

 
629,000

 
Natural gas liquids
219,000

 

 

 

 
219,000

 
Drilling and pump

 
5,239,000

 

 

 
5,239,000

 
Other

 

 

 
126,000

 
126,000

 
Total revenues before interest income
$
4,051,000

 
$
5,239,000

 
$

 
$
126,000

 
$
9,416,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
5,239,000

 
$

 
$
7,000

 
$
5,246,000

 
Canada
4,051,000

 

 

 
119,000

 
4,170,000

 
Total revenues before interest income
$
4,051,000

 
$
5,239,000

 
$

 
$
126,000

 
$
9,416,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
4,051,000

 
$

 
$

 
$
126,000

 
$
4,177,000

 
Services transferred over time

 
5,239,000

 

 

 
5,239,000

 
Total revenues before interest income
$
4,051,000

 
$
5,239,000

 
$

 
$
126,000

 
$
9,416,000


 
 
Six months ended March 31, 2019
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
2,373,000

 
$

 
$

 
$

 
$
2,373,000

 
Natural gas
498,000

 

 

 

 
498,000

 
Natural gas liquids
285,000

 

 

 

 
285,000

 
Drilling and pump

 
2,150,000

 

 

 
2,150,000

 
Contingent residual payments

 

 
165,000

 

 
165,000

 
Other

 

 

 
54,000

 
54,000

 
Total revenues before interest income
$
3,156,000

 
$
2,150,000

 
$
165,000

 
$
54,000

 
$
5,525,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
2,150,000

 
$
165,000

 
$
1,000

 
$
2,316,000

 
Canada
3,156,000

 

 

 
53,000

 
3,209,000

 
Total revenues before interest income
$
3,156,000

 
$
2,150,000

 
$
165,000

 
$
54,000

 
$
5,525,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
3,156,000

 
$

 
$
165,000

 
$
54,000

 
$
3,375,000

 
Services transferred over time

 
2,150,000

 

 

 
2,150,000

 
Total revenues before interest income
$
3,156,000

 
$
2,150,000

 
$
165,000

 
$
54,000

 
$
5,525,000

Summary of contract with customer, asset and liability
The following table provides information about accounts receivables, contract assets and contract liabilities from contracts with customers:
 
March 31, 2020
 
September 30, 2019
Accounts receivables from contracts with customers
$
1,928,000

 
$
1,322,000

Contract assets
509,000

 
344,000

Contract liabilities
1,141,000

 
1,633,000