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REVENUE FROM CONTRACT WITH CUSTOMERS (Tables)
9 Months Ended
Jun. 30, 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 nine months ended June 30, 2020 and 2019.
 
 
Three months ended June 30, 2020
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
624,000

 
$

 
$

 
$

 
$
624,000

 
Natural gas
192,000

 

 

 

 
192,000

 
Natural gas liquids
14,000

 

 

 

 
14,000

 
Drilling and pump

 
3,040,000

 

 

 
3,040,000

 
Other

 

 

 
113,000

 
113,000

 
Total revenues before interest income
$
830,000

 
$
3,040,000

 
$

 
$
113,000

 
$
3,983,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
3,040,000

 
$

 
$

 
$
3,040,000

 
Canada
830,000

 

 

 
113,000

 
943,000

 
Total revenues before interest income
$
830,000

 
$
3,040,000

 
$

 
$
113,000

 
$
3,983,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
830,000

 
$

 
$

 
$
113,000

 
$
943,000

 
Services transferred over time

 
3,040,000

 

 

 
3,040,000

 
Total revenues before interest income
$
830,000

 
$
3,040,000

 
$

 
$
113,000

 
$
3,983,000


 
 
Three months ended June 30, 2019
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
1,419,000

 
$

 
$

 
$

 
$
1,419,000

 
Natural gas
152,000

 

 

 

 
152,000

 
Natural gas liquids
117,000

 

 

 

 
117,000

 
Drilling and pump

 
1,689,000

 

 

 
1,689,000

 
Other

 

 

 
15,000

 
15,000

 
Total revenues before interest income
$
1,688,000

 
$
1,689,000

 
$

 
$
15,000

 
$
3,392,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
1,689,000

 
$

 
$

 
$
1,689,000

 
Canada
1,688,000

 

 

 
15,000

 
1,703,000

 
Total revenues before interest income
$
1,688,000

 
$
1,689,000

 
$

 
$
15,000

 
$
3,392,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
1,688,000

 
$

 
$

 
$
15,000

 
$
1,703,000

 
Services transferred over time

 
1,689,000

 

 

 
1,689,000

 
Total revenues before interest income
$
1,688,000

 
$
1,689,000

 
$

 
$
15,000

 
$
3,392,000



 
 
Nine months ended June 30, 2020
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
3,827,000

 
$

 
$

 
$

 
$
3,827,000

 
Natural gas
821,000

 

 

 

 
821,000

 
Natural gas liquids
233,000

 

 

 

 
233,000

 
Drilling and pump

 
8,279,000

 

 

 
8,279,000

 
Other

 

 

 
239,000

 
239,000

 
Total revenues before interest income
$
4,881,000

 
$
8,279,000

 
$

 
$
239,000

 
$
13,399,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
8,279,000

 
$

 
$
7,000

 
$
8,286,000

 
Canada
4,881,000

 

 

 
232,000

 
5,113,000

 
Total revenues before interest income
$
4,881,000

 
$
8,279,000

 
$

 
$
239,000

 
$
13,399,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
4,881,000

 
$

 
$

 
$
239,000

 
$
5,120,000

 
Services transferred over time

 
8,279,000

 

 

 
8,279,000

 
Total revenues before interest income
$
4,881,000

 
$
8,279,000

 
$

 
$
239,000

 
$
13,399,000


 
 
Nine months ended June 30, 2019
 
 
Oil and natural gas
 
Contract drilling
 
Land investment
 
Other
 
Total
Revenue streams:
 
 
 
 
 
 
 
 
 
 
Oil
$
3,792,000

 
$

 
$

 
$

 
$
3,792,000

 
Natural gas
650,000

 

 

 

 
650,000

 
Natural gas liquids
402,000

 

 

 

 
402,000

 
Drilling and pump

 
3,839,000

 

 

 
3,839,000

 
Contingent residual payments

 

 
165,000

 

 
165,000

 
Other

 

 

 
69,000

 
69,000

 
Total revenues before interest income
$
4,844,000

 
$
3,839,000

 
$
165,000

 
$
69,000

 
$
8,917,000

Geographical regions:
 
 
 
 
 
 
 
 
 
 
United States
$

 
$
3,839,000

 
$
165,000

 
$
1,000

 
$
4,005,000

 
Canada
4,844,000

 

 

 
68,000

 
4,912,000

 
Total revenues before interest income
$
4,844,000

 
$
3,839,000

 
$
165,000

 
$
69,000

 
$
8,917,000

Timing of revenue recognition:
 
 
 
 
 
 
 
 
 
 
Goods transferred at a point in time
$
4,844,000

 
$

 
$
165,000

 
$
69,000

 
$
5,078,000

 
Services transferred over time

 
3,839,000

 

 

 
3,839,000

 
Total revenues before interest income
$
4,844,000

 
$
3,839,000

 
$
165,000

 
$
69,000

 
$
8,917,000

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:
 
June 30, 2020
 
September 30, 2019
Accounts receivables from contracts with customers
$
2,017,000

 
$
1,322,000

Contract assets
324,000

 
344,000

Contract liabilities
1,638,000

 
1,633,000