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SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Sep. 30, 2018

The Company’s share-based compensation (benefit) expense and related income tax effects are as follows:

A summary of the activity in Barnwell’s equity-classified share options from October 1, 2017 through September 30, 2018 is presented below:



Options	Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 1, 2017	30,000	$	3.01
Granted	—	—
Exercised	—	—
Expired/Forfeited	—	—
Outstanding at September 30, 2018	30,000	$	3.01	5.2	$	—
Exercisable at September 30, 2018	30,000	$	3.01	5.2	$	—

The following table summarizes the components of the total share-based compensation for liability-classified awards:



	Year ended September 30,
	2018			2017
Due to vesting	$	—		$	2,000
Due to remeasurement	(60,000		)	8,000
Total share-based compensation (benefit) expense for liability-based awards	$	(60,000	)	$	10,000

A summary of the activity in Barnwell’s liability-classified share options from October 1, 2017 through September 30, 2018 is presented below:



Options	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at October 1, 2017	563,750		$	7.97
Granted	—		—
Exercised	—		—
Expired/Forfeited	(275,000	)	11.95
Outstanding at September 30, 2018	288,750		$	4.18	1.6	$	—
Exercisable at September 30, 2018	288,750		$	4.18	1.6	$	—

The following assumptions were used in estimating fair value for all liability-classified share options outstanding:



	Year ended September 30,
	2018	2017
Expected volatility range	59.8% to 60.1%	53.1% to 69.5%
Weighted-average volatility	59.8%	64.6%
Expected dividends	None	None
Expected term (in years)	1.2 to 5.2	0.2 to 6.2
Risk-free interest rate	2.6% to 2.9%	1.1% to 2.1%
Expected forfeitures	None	None