v3.26.1
STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Assumptions Used in Estimating Fair Value
The following assumptions were used in estimating the fair value for equity-classified stock options granted on October 27, 2025:

Number of shares185,000
Expected volatility62.0%
Expected dividendsNone
Expected term (in years)6.0
Risk-free interest rate3.61%
Expected forfeituresNone
Fair value per share$0.73
Summary of the Activity in Share Options
The following table summarizes Barnwell’s equity-classified stock options activity from October 1, 2025 through June 30, 2026:

OptionsSharesWeighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Outstanding at October 1, 2025
415,000 $3.38 
Granted185,000 1.21 
Exercised— — 
Expired/Forfeited(160,000)3.45 
Outstanding at June 30, 2026
440,000 $2.44 6.6$— 
Exercisable at June 30, 2026
255,000 $3.33 4.6$— 
Summary of the Activity in Restricted Stock Units
The following table summarizes Barnwell’s restricted stock unit activity from October 1, 2025 through June 30, 2026:
Restricted Stock UnitsSharesWeighted-Average
Grant Date
Fair Value
Nonvested at October 1, 2025
154,174 $2.07 
Granted363,441 1.22 
Vested(79,500)1.66 
Forfeited— — 
Nonvested at June 30, 2026
438,115 $1.44