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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of financial information related to reporting segments | The following table presents certain financial information related to Barnwell’s reporting segments. All revenues reported are from external customers with no intersegment sales or transfers.
| Year ended September 30,
| 2021 |  | 2020
Revenues: |  |  |
Oil and natural gas | $ | 10,254,000 |  |  | $ | 6,693,000 |
Contract drilling | 5,809,000 |  |  | 10,994,000 |
Land investment | 1,738,000 |  |  | 325,000 |
Other | 304,000 |  |  | 317,000 |
Total before interest income | 18,105,000 |  |  | 18,329,000 |
Interest income | 8,000 |  |  | 18,000 |
Total revenues | $ | 18,113,000 |  |  | $ | 18,347,000 |
Depletion, depreciation, and amortization: |  |  |
Oil and natural gas | $ | 645,000 |  |  | $ | 1,747,000 |
Contract drilling | 305,000 |  |  | 356,000 |
Other | 13,000 |  |  | 44,000 |
Total depletion, depreciation, and amortization | $ | 963,000 |  |  | $ | 2,147,000 |
Impairment: |  |  |
Oil and natural gas | $ | 630,000 |  |  | $ | 4,326,000 |
Contract drilling | 38,000 |  |  | — |
Land investment | — |  |  | 50,000 |
Total impairment | $ | 668,000 |  |  | $ | 4,376,000 |
Operating profit (loss) (before general and administrative expenses): |  |  |
Oil and natural gas | $ | 2,423,000 |  |  | $ | (4,230,000) |
Contract drilling | (89,000) |  |  | 3,125,000 |
Land investment | 1,738,000 |  |  | 275,000 |
Other | 291,000 |  |  | 273,000 |
Gain on sale of assets | 1,982,000 |  |  | 1,336,000 |
Total operating profit | 6,345,000 |  |  | 779,000 |
Equity in income of affiliates: |  |  |
Land investment | 5,793,000 |  |  | 352,000 |
General and administrative expenses | (7,088,000) |  |  | (5,820,000) |
Interest expense | (13,000) |  |  | (3,000) |
Interest income | 8,000 |  |  | 18,000 |
Gain on debt extinguishment | 149,000 |  |  | — |
Gain on termination of post-retirement medical plan | 2,341,000 |  |  | — |
Earnings (loss) before income taxes | $ | 7,535,000 |  |  | $ | (4,674,000) |
Capital Expenditures:
| Year ended September 30,
| 2021 |  | 2020
Oil and natural gas | $ | 3,028,000 |  |  | $ | 3,099,000 |
Contract drilling | 62,000 |  |  | 408,000 |
Other | 1,000 |  |  | 7,000 |
Total | $ | 3,091,000 |  |  | $ | 3,514,000 |
Oil and natural gas capital expenditures include acquisitions as well as changes to capitalized asset retirement obligations, including revisions of asset retirement obligations (see Note 8 for additional details). Assets By Segment:
| September 30,
| 2021 |  | 2020
Oil and natural gas (1) | $ | 6,401,000 |  |  | $ | 3,613,000 |
Contract drilling (2) | 4,071,000 |  |  | 3,838,000 |
Land investment (2) | — |  |  | 901,000 |
Other: |  |  |
Cash and cash equivalents | 11,279,000 |  |  | 4,584,000 |
Corporate and other | 2,684,000 |  |  | 2,246,000 |
Total | $ | 24,435,000 |  |  | $ | 15,182,000 |
______________ (1) L ocated primarily in the province of Alberta, Canada with a minor portion in Oklahoma. (2) Located in Hawaii.
Schedule of long-lived assets and revenue by geographic area | Long-Lived Assets By Geographic Area:
| September 30,
| 2021 |  | 2020
United States | $ | 4,180,000 |  |  | $ | 3,393,000 |
Canada | 2,220,000 |  |  | 2,302,000 |
Total | $ | 6,400,000 |  |  | $ | 5,695,000 |
Revenue By Geographic Area:
| Year ended September 30,
| 2021 |  | 2020
United States | $ | 7,700,000 |  |  | $ | 11,325,000 |
Canada | 10,405,000 |  |  | 7,004,000 |
Total (excluding interest income) | $ | 18,105,000 |  |  | $ | 18,329,000 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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