LOSS PER COMMON SHARE

9 Months Ended

Jun. 30, 2014

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE

2.         LOSS PER COMMON SHARE

Basic earnings (loss) per share excludes dilution and is computed by dividing net earnings (loss) attributable to Barnwell stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share includes the potentially dilutive effect of outstanding common stock options, to the extent their inclusion would be dilutive. Potentially dilutive shares are excluded from the computation of diluted earnings (loss) per share if their effect is anti-dilutive.

Potentially dilutive shares consist of the common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) using the treasury stock method. Options to purchase 837,250 and 777,250 shares of common stock were excluded from the computation of diluted shares for the three and nine months ended June 30, 2014 and 2013, respectively, as their inclusion would have been antidilutive due to the net loss attributable to Barnwell stockholders.

Reconciliations between net loss attributable to Barnwell stockholders and common shares outstanding of the basic and diluted net loss per share computations are detailed in the following tables:

	Three months ended June 30, 2014
	Net Loss			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Basic net loss per share	$	(216,000	)		8,277,160	$	(0.03	)
Effect of dilutive securities - common stock options	-				-
Diluted net loss per share	$	(216,000	)		8,277,160	$	(0.03	)

	Nine months ended June 30, 2014
	Net Loss			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Basic net loss per share	$	(1,490,000	)		8,277,160	$	(0.18	)
Effect of dilutive securities - common stock options	-				-
Diluted net loss per share	$	(1,490,000	)		8,277,160	$	(0.18	)
	Three months ended June 30, 2013
	Net Loss			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Basic net loss per share	$	(1,225,000	)		8,277,160	$	(0.15	)
Effect of dilutive securities - common stock options	-				-
Diluted net loss per share	$	(1,225,000	)		8,277,160	$	(0.15	)
	Nine months ended June 30, 2013
	Net Loss			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Basic net loss per share	$	(6,915,000	)		8,277,160	$	(0.84	)
Effect of dilutive securities - common stock options	-				-
Diluted net loss per share	$	(6,915,000	)		8,277,160	$	(0.84	)