EARNINGS (LOSS) PER COMMON SHARE

12 Months Ended

Sep. 30, 2014

2.EARNINGS (LOSS) PER COMMON SHARE

Basic earnings (loss) per share is computed using the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) 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 earnings (loss) per share if their effect is anti-dilutive.

Options to purchase 807,250 and 777,250 shares of common stock were excluded from the computation of diluted shares for fiscal years 2014 and 2013, respectively, as their inclusion would have been antidilutive.

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

	Year ended September 30, 2014
	Net Earnings				Shares		Per-Share
	(Numerator)				(Denominator)		Amount
Basic net earnings per share		$	672,000			8,277,160		$	0.08

Effect of dilutive securities - common stock options		-				1,132

Diluted net earnings per share		$	672,000			8,278,292		$	0.08

	Year ended September 30, 2013
	Net Loss				Shares		Per-Share
	(Numerator)				(Denominator)		Amount
Basic net loss per share		$	(8,563,000	)		8,277,160		$	(1.03	)

Effect of dilutive securities - common stock options		-				-

Diluted net loss per share		$	(8,563,000	)		8,277,160		$	(1.03	)

- Definition

The entire disclosure for earnings per share.

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