---
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"
generated_at: "2026-05-24T09:36:57.130166+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries sells Water Resources International for $1.05 million

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-009726
- JSON: https://secwatch.observer/filing/0001140361-25-009726.json
- Plain text: https://secwatch.observer/filing/0001140361-25-009726.txt

## Key facts
- M&A Transactions
  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).
  - Action: disposition
  - Counterparty: Denise Miyasato, Chad Arima and Eric Elred (collectively the Buyer)
  - Consideration: $1,050,000
  - Closing: 2025-03-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/10048/000114036125009726/0001140361-25-009726-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.