{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-009726","form_type":"8-K","ticker":"BRN","cik":"0000010048","company_name":"BARNWELL INDUSTRIES INC","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.657741+00:00","generated_at":"2026-05-24T09:36:57.130166+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Barnwell Industries sells Water Resources International for $1.05 million","bullets":["Purchase price $1.05M ($250K cash + $800K note); note payments due May-Sept 2025.","Seller retains excluded liabilities including pre-closing litigation and certain warranty claims.","Pro forma FY2024 net loss attributable to Barnwell improves from $5.565M to $4.106M after removing WRI.","WRI contributed $3.6M contract drilling revenue in FY2024 but segment operating costs exceeded revenue."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-009726","json":"https://secwatch.observer/filing/0001140361-25-009726.json","markdown":"https://secwatch.observer/filing/0001140361-25-009726.md","text":"https://secwatch.observer/filing/0001140361-25-009726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10048/000114036125009726/0001140361-25-009726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10048/000114036125009726/ef20045933_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:36:57.130166+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cbce58c3281b441a29faa9695ecb02c1e9887fb7","claim":"BARNWELL INDUSTRIES INC completed a disposition involving Denise Miyasato, Chad Arima and Eric Elred (collectively the Buyer) for $1,050,000 (closed 2025-03-14).","evidence_excerpt":"with the execution and delivery of the Purchase Agreement by each of the parties thereto on March 14, 2025 (the “ Closing Date ”). The aggregate purchase price for the Shares is $1,050,000 (the “ Purchase Price ”), which was paid at Closing by the Buyer as follows: an initial aggregate cash payment of $250,000 and the delivery of a promissory note with a principal","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/10048/000114036125009726/0001140361-25-009726-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Denise Miyasato, Chad Arima and Eric Elred (collectively the Buyer)"},{"label":"Consideration","value":"$1,050,000"},{"label":"Closing","value":"2025-03-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}