(LOSS) EARNINGS PER COMMON SHARE

6 Months Ended

Mar. 31, 2023

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 615,000 shares of common stock were excluded from the computation of diluted shares for the three and six months ended March 31, 2023 and 2022, respectively, as their inclusion would have been anti-dilutive.

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:


	Three months ended March 31, 2023
	Net Loss (Numerator)		Shares (Denominator)	Per-Share Amount
Basic net loss per share	$	(1,237,000)	9,956,687	$	(0.12)
Effect of dilutive securities -
common stock options	—		—
Diluted net loss per share	$	(1,237,000)	9,956,687	$	(0.12)


	Six months ended March 31, 2023
	Net Loss (Numerator)		Shares (Denominator)	Per-Share Amount
Basic net loss per share	$	(148,000)	9,956,687	$	(0.01)
Effect of dilutive securities -
common stock options	—		—
Diluted net loss per share	$	(148,000)	9,956,687	$	(0.01)


	Three months ended March 31, 2022
	Net Earnings (Numerator)		Shares (Denominator)	Per-Share Amount
Basic net earnings per share	$	2,052,000	9,570,989	$	0.21
Effect of dilutive securities -
common stock options	—		—
Diluted net earnings per share	$	2,052,000	9,570,989	$	0.21


	Six months ended March 31, 2022
	Net Earnings (Numerator)		Shares (Denominator)	Per-Share Amount
Basic net earnings per share	$	3,125,000	9,507,955	$	0.33
Effect of dilutive securities -
common stock options	—		—
Diluted net earnings per share	$	3,125,000	9,507,955	$	0.33