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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Jun. 30, 2014
SEGMENT INFORMATION |
Schedule of financial information related to reporting segments |
|  |  | Three months ended |  |  |  | Nine months ended |
|  |  | June 30, |  |  |  | June 30, |
|  |  | 2014 |  |  |  | 2013 |  |  |  | 2014 |  |  |  | 2013 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 4,619,000 |  |  |  | $ | 4,774,000 |  |  |  | $ | 16,343,000 |  |  |  | $ | 16,019,000 |
Land investment |  |  | 258,000 |  |  |  | - |  |  |  | 378,000 |  |  |  | 282,000 |
Contract drilling |  |  | 1,548,000 |  |  |  | 248,000 |  |  |  | 4,475,000 |  |  |  | 1,668,000 |
Other |  |  | 377,000 |  |  |  | 157,000 |  |  |  | 678,000 |  |  |  | 501,000 |
Total before interest income |  |  | 6,802,000 |  |  |  | 5,179,000 |  |  |  | 21,874,000 |  |  |  | 18,470,000 |
Interest income |  |  | 8,000 |  |  |  | 3,000 |  |  |  | 18,000 |  |  |  | 32,000 |
Total revenues |  |  | $ | 6,810,000 |  |  |  | $ | 5,182,000 |  |  |  | $ | 21,892,000 |  |  |  | $ | 18,502,000 |
Depletion, depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and natural gas |  |  | $ | 1,187,000 |  |  |  | $ | 1,253,000 |  |  |  | $ | 5,043,000 |  |  |  | $ | 5,983,000 |
Contract drilling |  |  | 79,000 |  |  |  | 91,000 |  |  |  | 235,000 |  |  |  | 314,000 |
Other |  |  | 30,000 |  |  |  | 28,000 |  |  |  | 86,000 |  |  |  | 86,000 |
Total depletion, depreciation, and amortization |  |  | $ | 1,296,000 |  |  |  | $ | 1,372,000 |  |  |  | $ | 5,364,000 |  |  |  | $ | 6,383,000 |
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 |  |  | $ | 1,321,000 |  |  |  | $ | 1,115,000 |  |  |  | $ | 4,526,000 |  |  |  | $ | (1,918,000 | )
Land investment |  |  | 258,000 |  |  |  | - |  |  |  | 378,000 |  |  |  | 282,000 |
Contract drilling |  |  | 201,000 |  |  |  | (210,000 | ) |  |  | 571,000 |  |  |  | (274,000 | )
Other |  |  | 347,000 |  |  |  | 129,000 |  |  |  | 592,000 |  |  |  | 415,000 |
Total operating profit (loss) |  |  | 2,127,000 |  |  |  | 1,034,000 |  |  |  | 6,067,000 |  |  |  | (1,495,000 | )
Equity in loss of affiliates: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land investment |  |  | (113,000 | ) |  |  | - |  |  |  | (376,000 | ) |  |  | - |
General and administrative expenses |  |  | (1,844,000 | ) |  |  | (2,105,000 | ) |  |  | (6,049,000 | ) |  |  | (6,354,000 | )
Interest expense |  |  | (165,000 | ) |  |  | (146,000 | ) |  |  | (520,000 | ) |  |  | (442,000 | )
Interest income |  |  | 8,000 |  |  |  | 3,000 |  |  |  | 18,000 |  |  |  | 32,000 |
Income (loss) before income taxes |  |  | $ | 13,000 |  |  |  | $ | (1,214,000 | ) |  |  | $ | (860,000 | ) |  |  | $ | (8,259,000 | )
Assets By Segment:
|  | June 30, |  |  |  | September 30, |
|  | 2014 |  |  |  | 2013 |
Oil and natural gas (1) |  | $ | 26,244,000 |  |  |  | $ | 40,559,000 |
Land investment (2) |  | 7,145,000 |  |  |  | 2,381,000 |
Contract drilling (2) |  | 2,088,000 |  |  |  | 2,905,000 |
Residential real estate (2) |  | 5,448,000 |  |  |  | 5,448,000 |
Other: |  |  |  |  |  |  |
Cash and cash equivalents |  | 10,255,000 |  |  |  | 7,828,000 |
Restricted cash |  | 1,892,000 |  |  |  | - |
Corporate and other |  | 3,284,000 |  |  |  | 3,593,000 |
Total |  | $ | 56,356,000 |  |  |  | $ | 62,714,000 |
__________________________ (1) Primarily located in the province of Alberta, Canada. (2) Located in Hawaii.

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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=14024403&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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