XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenues $ 5,527 $ 5,675 $ 17,456 $ 18,425
Costs and expenses:        
General and administrative 1,432 1,328 4,217 5,627
Depletion, depreciation, and amortization 1,322 1,257 4,225 2,858
Impairment of assets 599 0 2,276 0
Foreign currency loss (gain) 61 (121) 63 (201)
Interest expense 0 1 2 1
Gain on sale of assets 0 0 0 (551)
Total costs and expenses 6,740 6,553 21,786 19,791
Loss before equity in income of affiliates and income taxes (1,213) (878) (4,330) (1,366)
Equity in income of affiliates 0 0 1,071 538
Loss before income taxes (1,213) (878) (3,259) (828)
Income tax provision (benefit) 21 (163) 187 (87)
Net loss (1,234) (715) (3,446) (741)
Less: Net earnings attributable to non-controlling interests 12 2 236 124
Net loss attributable to Barnwell Industries, Inc. $ (1,246) $ (717) $ (3,682) $ (865)
Basic net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.12) $ (0.07) $ (0.37) $ (0.09)
Diluted net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.12) $ (0.07) $ (0.37) $ (0.09)
Weighted-average number of common shares outstanding:        
Basic (in shares) 10,028,090 9,975,044 10,014,609 9,962,806
Diluted (in shares) 10,028,090 9,975,044 10,014,609 9,962,806
Oil and natural gas        
Revenues:        
Revenues $ 4,452 $ 4,503 $ 13,726 $ 13,415
Costs and expenses:        
Costs and expenses 2,234 3,006 7,355 7,717
Depletion, depreciation, and amortization 1,293 1,210 4,093 2,724
Impairment of assets 599 0 2,276 0
Contract drilling        
Revenues:        
Revenues 1,021 1,134 3,084 4,583
Costs and expenses:        
Costs and expenses 1,092 1,082 3,648 4,340
Depletion, depreciation, and amortization 28 47 130 133
Sale of interest in leasehold land        
Revenues:        
Revenues 0 0 500 265
Gas processing and other        
Revenues:        
Revenues 54 38 146 162
Costs and expenses:        
Depletion, depreciation, and amortization $ 1 $ 0 $ 2 $ 1