OTHER NON-CURRENT ASSET

6 Months Ended

Mar. 31, 2021

Other Assets, Noncurrent [Abstract]

OTHER NON-CURRENT ASSET

OTHER NON-CURRENT ASSET

In February 2021, Barnwell Industries, Inc. established a new wholly-owned subsidiary named BOK Drilling, LLC (“BOK”) for the purpose of indirectly investing in oil plays in Oklahoma. BOK and Gros Ventre Partners, LLC, an entity not affiliated with the Company, entered into the Limited Liability Agreement of Teton Barnwell Fund I, LLC (“Teton Barnwell”), an entity formed for the purpose of directly entering into such an oil play, and in connection therewith, on March 25, 2021, the Company, on behalf of BOK, contributed $250,000 to Teton Barnwell to fund its initial investments in the oil play. The Company has classified the $250,000 as an “Other non-current asset” at March 31, 2021 pending the

receipt of additional information from its partners in the play and completion of the Company’s evaluation of the appropriate accounting treatment.