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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2014
SEGMENT AND GEOGRAPHIC INFORMATION |
Schedule of financial information related to reporting segments |
|  | Year ended September 30,
|  | 2014 |  | 2013
Revenues: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 20,298,000 |  |  |  | $ | 21,376,000 |
Land investment |  |  | 636,000 |  |  |  | 282,000 |
Contract drilling |  |  | 6,287,000 |  |  |  | 2,338,000 |
Other |  |  | 796,000 |  |  |  | 567,000 |
Total before gain on sale of investments and interest income |  |  | 28,017,000 |  |  |  | 24,563,000 |
Gain on sale of investments |  |  | 3,399,000 |  |  |  | - |
Interest income |  |  | 29,000 |  |  |  | 45,000 |
Total revenues |  |  | $ | 31,445,000 |  |  |  | $ | 24,608,000 |
Depletion, depreciation, and amortization: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 5,968,000 |  |  |  | $ | 8,034,000 |
Contract drilling |  |  | 309,000 |  |  |  | 394,000 |
Other |  |  | 114,000 |  |  |  | 114,000 |
Total depletion, depreciation, and amortization |  |  | $ | 6,391,000 |  |  |  | $ | 8,542,000 |
Reduction of carrying value of assets: |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | - |  |  |  | $ | 4,506,000 |
Operating profit (loss) |  |  |  |  |  |  |  |
(before general and administrative expenses): |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 5,416,000 |  |  |  | $ | (1,156,000 | )
Land investment |  |  | 636,000 |  |  |  | 282,000 |
Contract drilling |  |  | 952,000 |  |  |  | (295,000 | )
Other |  |  | 682,000 |  |  |  | 453,000 |
Total operating profit (loss) |  |  | 7,686,000 |  |  |  | (716,000 | )
Equity in loss of affiliates: |  |  |  |  |  |  |  |
Land investment |  |  | (482,000 | ) |  |  | - |
General and administrative expenses |  |  | (8,026,000 | ) |  |  | (8,911,000 | )
Interest expense |  |  | (664,000 | ) |  |  | (587,000 | )
Gain on sale of investments |  |  | 3,399,000 |  |  |  | - |
Interest income |  |  | 29,000 |  |  |  | 45,000 |
Income (loss) before income taxes |  |  | $ | 1,942,000 |  |  |  | $ | (10,169,000 | )
Capital Expenditures:
|  | Year ended September 30,
|  | 2014 |  | 2013
Oil and natural gas |  |  | $ | 4,824,000 |  |  |  | $ | 7,506,000 |
Contract drilling |  |  | 48,000 |  |  |  | 17,000 |
Other |  |  | 51,000 |  |  |  | 2,000 |
Total |  |  | $ | 4,923,000 |  |  |  | $ | 7,525,000 |
Assets By Segment:
|  | September 30,
|  | 2014 |  | 2013
Oil and natural gas (1) |  |  | $ | 20,951,000 |  |  |  | $ | 40,559,000 |
Land investment (2) |  |  | 7,039,000 |  |  |  | 2,381,000 |
Contract drilling (2) |  |  | 1,849,000 |  |  |  | 2,905,000 |
Residential real estate (2) |  |  | 5,448,000 |  |  |  | 5,448,000 |
Other: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 16,104,000 |  |  |  | 7,828,000 |
Corporate and other |  |  | 3,379,000 |  |  |  | 3,593,000 |
Total |  |  | $ | 54,770,000 |  |  |  | $ | 62,714,000 |
___________________ (1)Primarily located in the province of Alberta, Canada. (2)Located in Hawaii.
Schedule of long-lived assets and revenue by geographic area | Long-Lived Assets By Geographic Area:
|  | September 30,
|  | 2014 |  | 2013
United States |  |  | $ | 9,884,000 |  |  |  | $ | 6,699,000 |
Canada |  |  | 18,366,000 |  |  |  | 36,988,000 |
Total |  |  | $ | 28,250,000 |  |  |  | $ | 43,687,000 |
Revenue By Geographic Area:
|  | Year ended September 30,
|  | 2014 |  | 2013
United States |  |  | $ | 6,924,000 |  |  |  | $ | 2,643,000 |
Canada |  |  | 21,093,000 |  |  |  | 21,920,000 |
Total (excluding gain on sale of investments and interest income) |  |  | $ | 28,017,000 |  |  |  | $ | 24,563,000 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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