New Concept Energy Inc (NYSE American: GBR) is a Nevada-incorporated holding company that operates through subsidiaries, tracing its corporate lineage to Wespac Investors Trust, a California business trust that began operating in 1982, and was incorporated under the name Medical Resource Companies of America Inc on May 31, 1991. The filing excerpts from the 10-K filed March 31, 2026 (accession 000121465926004135) do not provide sufficient detail to characterize the company's current core business activity, revenue streams, or segment financials with specificity. Gene S. Bertcher serves as Chairman, President, and Chief Financial Officer, receiving $60,000 in annual salary from the company in each of FY2025 and FY2024. The company conducts administrative services through a related entity, Pillar, covering payroll processing and insurance acquisition. The filing discloses net losses in both FY2025 and FY2024, with specific figures redacted in the available excerpts. The company is listed on NYSE American and files as a smaller reporting company.

Revenue model

The filing excerpts do not disclose the company's revenue model, pricing structure, or revenue amounts in readable form.

Products and services

The filing excerpts do not identify specific products or services offered by New Concept Energy Inc.

Customers and end markets

The filing excerpts do not identify customers or end markets.

Value-chain role

The company uses a related-party entity, Pillar, for administrative functions including payroll processing and insurance acquisition, per the 10-K filed March 31, 2026.

Geographic exposure

The company is incorporated in Nevada. No geographic operating footprint is described in the available filing excerpts.

Source: SEC 10-K, filed 2026-03-31

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