BARNWELL INDUSTRIES INCBRN

BARNWELL INDUSTRIES INC Earnings Per Share Disclosure

10-KFiled Dec 23, 20252 min read
LOSS PER COMMON SHARE
 
Basic loss per share is computed using the weighted-average number of common shares outstanding for the period. Diluted 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 and nonvested restricted stock units. Potentially dilutive shares are excluded from the computation of diluted loss per share if their effect is anti-dilutive.
 
Options to purchase 454,452 shares of common stock and 218,300 restricted stock units were excluded from the computation of diluted shares for the year ended September 30, 2025, as their inclusion would have been anti-dilutive. Options to purchase 465,000 shares of common stock and 98,795 restricted stock units were excluded from the computation of diluted shares for the year ended September 30, 2024, as their inclusion would have been anti-dilutive.
Reconciliations between net loss attributable to Barnwell stockholders and common shares outstanding of the basic and diluted net loss per share computations are detailed in the following tables:
Year ended September 30,
 20252024
Numerator:
Net loss from continuing operations$(7,123,000)$(3,871,000)
Less: Net (loss) earnings attributable to non-controlling interests of continuing operations(8,000)234,000 
Net loss from continuing operations attributable to Barnwell Industries, Inc.
(7,115,000)(4,105,000)
Net earnings (loss) from discontinued operations12,000 (1,460,000)
Net loss attributable to Barnwell Industries, Inc.
$(7,103,000)$(5,565,000)
Denominator:
Basic weighted-average number of common shares outstanding10,056,47910,017,997
Effect of dilutive securities - common stock options and restricted stock units——
Diluted weighted-average number of common shares outstanding10,056,47910,017,997
Basic and diluted loss per common share:
Net loss per common share from continuing operations attributable to Barnwell Industries, Inc. stockholders$(0.71)$(0.41)
Net loss per common share from discontinued operations— (0.15)
Net loss per common share attributable to Barnwell Industries, Inc. stockholders$(0.71)$(0.56)

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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