XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues:        
Revenues $ 3,998,000 $ 4,582,000 $ 8,385,000 $ 9,432,000
Costs and expenses:        
General and administrative 1,928,000 2,031,000 3,113,000 3,527,000
Depletion, depreciation, and amortization 227,000 687,000 503,000 1,392,000
Impairment of assets 0 1,637,000 630,000 1,637,000
Interest expense 3,000 0 4,000 0
Gain on sale of asset 0 (1,336,000) 0 (1,336,000)
Total costs and expenses 5,382,000 6,075,000 10,017,000 11,303,000
Loss before equity in income (loss) of affiliates and income taxes (1,384,000) (1,493,000) (1,632,000) (1,871,000)
Equity in income (loss) of affiliates 624,000 (25,000) 1,678,000 (68,000)
(Loss) earnings before income taxes (760,000) (1,518,000) 46,000 (1,939,000)
Income tax provision (benefit) 34,000 0 97,000 (2,000)
Net loss (794,000) (1,518,000) (51,000) (1,937,000)
Less: Net earnings (loss) attributable to non-controlling interests 62,000 (4,000) 221,000 (9,000)
Net loss attributable to Barnwell Industries, Inc. $ (856,000) $ (1,514,000) $ (272,000) $ (1,928,000)
Basic and diluted net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.10) $ (0.18) $ (0.03) $ (0.23)
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 8,277,160 8,277,160 8,277,160 8,277,160
Oil and natural gas        
Revenues:        
Revenues $ 2,552,000 $ 1,910,000 $ 4,439,000 $ 4,051,000
Costs and expenses:        
Costs and expenses 1,759,000 1,285,000 3,194,000 2,498,000
Depletion, depreciation, and amortization 146,000 584,000 341,000 1,190,000
Impairment of assets 0 1,637,000 630,000 1,637,000
Contract drilling        
Revenues:        
Revenues 1,389,000 2,593,000 3,331,000 5,239,000
Costs and expenses:        
Costs and expenses 1,465,000 1,771,000 2,573,000 3,585,000
Depletion, depreciation, and amortization 77,000 91,000 153,000 176,000
Land investment        
Revenues:        
Revenues 0 0 485,000 0
Gas processing and other        
Revenues:        
Revenues 57,000 79,000 130,000 142,000
Costs and expenses:        
Depletion, depreciation, and amortization $ 4,000 $ 12,000 $ 9,000 $ 26,000