| REVENUE FROM CONTRACTS WITH CUSTOMERS |
REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue
The following tables provide information about disaggregated revenue by revenue streams, reportable segments, geographical region, and timing of revenue recognition based upon continuing operations for the three and nine months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2026 | | | Oil and natural gas | | | | Land investment | | Other | | Total | | Revenue streams: | | | | | | | | | | | Oil | $ | 2,574,000 | | | | | $ | — | | | $ | — | | | $ | 2,574,000 | | | Natural gas | 435,000 | | | | | — | | | — | | | 435,000 | | | Natural gas liquids | 332,000 | | | | | — | | | — | | | 332,000 | | | | | | | | | | | | | | | | | | | | | | | | | Other | — | | | | | — | | | 26,000 | | | 26,000 | | | Total revenues before interest income | $ | 3,341,000 | | | | | $ | — | | | $ | 26,000 | | | $ | 3,367,000 | | | Geographical regions: | | | | | | | | | | | United States | $ | — | | | | | $ | — | | | $ | — | | | $ | — | | | Canada | 3,341,000 | | | | | — | | | 26,000 | | | 3,367,000 | | | Total revenues before interest income | $ | 3,341,000 | | | | | $ | — | | | $ | 26,000 | | | $ | 3,367,000 | | | Timing of revenue recognition: | | | | | | | | | | | Goods transferred at a point in time | $ | 3,341,000 | | | | | $ | — | | | $ | 26,000 | | | $ | 3,367,000 | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | Oil and natural gas | | | | Land investment | | Other | | Total | | Revenue streams: | | | | | | | | | | | Oil | $ | 2,360,000 | | | | | $ | — | | | $ | — | | | $ | 2,360,000 | | | Natural gas | 430,000 | | | | | — | | | — | | | 430,000 | | | Natural gas liquids | 363,000 | | | | | — | | | — | | | 363,000 | | | | | | | | | | | | | | | | | | | | | | | | | Other | — | | | | | — | | | 25,000 | | | 25,000 | | | Total revenues before interest income | $ | 3,153,000 | | | | | $ | — | | | $ | 25,000 | | | $ | 3,178,000 | | | Geographical regions: | | | | | | | | | | | United States | $ | 347,000 | | | | | $ | — | | | $ | — | | | $ | 347,000 | | | Canada | 2,806,000 | | | | | — | | | 25,000 | | | 2,831,000 | | | Total revenues before interest income | $ | 3,153,000 | | | | | $ | — | | | $ | 25,000 | | | $ | 3,178,000 | | | Timing of revenue recognition: | | | | | | | | | | | Goods transferred at a point in time | $ | 3,153,000 | | | | | $ | — | | | $ | 25,000 | | | $ | 3,178,000 | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended June 30, 2026 | | | Oil and natural gas | | | | Land investment | | Other | | Total | | Revenue streams: | | | | | | | | | | | Oil | $ | 6,260,000 | | | | | $ | — | | | $ | — | | | $ | 6,260,000 | | | Natural gas | 1,375,000 | | | | | — | | | — | | | 1,375,000 | | | Natural gas liquids | 819,000 | | | | | — | | | — | | | 819,000 | | | | | | | | | | | | | | | | | | | | | | | | | Other | — | | | | | 70,000 | | | 71,000 | | | 141,000 | | | Total revenues before interest income | $ | 8,454,000 | | | | | $ | 70,000 | | | $ | 71,000 | | | $ | 8,595,000 | | | Geographical regions: | | | | | | | | | | | United States | $ | — | | | | | $ | 70,000 | | | $ | — | | | $ | 70,000 | | | Canada | 8,454,000 | | | | | — | | | 71,000 | | | 8,525,000 | | | Total revenues before interest income | $ | 8,454,000 | | | | | $ | 70,000 | | | $ | 71,000 | | | $ | 8,595,000 | | | Timing of revenue recognition: | | | | | | | | | | | Goods transferred at a point in time | $ | 8,454,000 | | | | | $ | 70,000 | | | $ | 71,000 | | | $ | 8,595,000 | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended June 30, 2025 | | | Oil and natural gas | | | | Land investment | | Other | | Total | | Revenue streams: | | | | | | | | | | | Oil | $ | 8,104,000 | | | | | $ | — | | | $ | — | | | $ | 8,104,000 | | | Natural gas | 1,267,000 | | | | | — | | | — | | | 1,267,000 | | | Natural gas liquids | 1,222,000 | | | | | — | | | — | | | 1,222,000 | | | | | | | | | | | | | | Contingent residual payments | — | | | | | — | | | — | | | — | | | Other | — | | | | | — | | | 58,000 | | | 58,000 | | | Total revenues before interest income | $ | 10,593,000 | | | | | $ | — | | | $ | 58,000 | | | $ | 10,651,000 | | | Geographical regions: | | | | | | | | | | | United States | $ | 1,078,000 | | | | | $ | — | | | $ | — | | | $ | 1,078,000 | | | Canada | 9,515,000 | | | | | — | | | 58,000 | | | 9,573,000 | | | Total revenues before interest income | $ | 10,593,000 | | | | | $ | — | | | $ | 58,000 | | | $ | 10,651,000 | | | Timing of revenue recognition: | | | | | | | | | | | Goods transferred at a point in time | $ | 10,593,000 | | | | | $ | — | | | $ | 58,000 | | | $ | 10,651,000 | | | | | | | | | | | | | | | | | | | | | | | |
Contract Balances
The following table provides the balances of our receivables from contracts with customers which is included in "Accounts and other receivables, net of allowance for credit losses" in the accompanying Condensed Consolidated Balance Sheets. | | | | | | | | | | | | | | | June 30, 2026 | | September 30, 2025 | | | | Accounts receivables from contracts with customers | $ | 1,008,000 | | | $ | 913,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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