2022 Q3 Form 10-Q Financial Statement
#000121465922009996 Filed on August 12, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $63.00K | $47.00K | $45.00K |
YoY Change | 152.0% | 80.77% | 73.08% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $71.00K | $80.00K | $80.00K |
YoY Change | 33.96% | -27.93% | 8.11% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $3.000K | $3.000K | $3.000K |
YoY Change | -85.71% | 0.0% | 0.0% |
% of Gross Profit | |||
Operating Expenses | $89.00K | $93.00K | $92.00K |
YoY Change | 2.3% | -29.01% | 0.0% |
Operating Profit | -$26.00K | -$46.00K | -$47.00K |
YoY Change | -58.06% | -56.19% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $53.00K | $184.0K | |
YoY Change | 19.48% | ||
Pretax Income | $27.00K | $138.0K | $5.000K |
YoY Change | -437.5% | 181.63% | -93.67% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $27.00K | $138.0K | $5.000K |
YoY Change | -437.5% | 181.63% | -93.67% |
Net Earnings / Revenue | 42.86% | 293.62% | 11.11% |
Basic Earnings Per Share | $0.01 | $0.02 | |
Diluted Earnings Per Share | $5.261K | $26.89K | $974.30 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.132M shares | 5.132K shares | 5.132K shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $399.0K | $372.0K | $254.0K |
YoY Change | 60.24% | 42.53% | 490.7% |
Cash & Equivalents | $399.0K | $372.0K | $254.0K |
Short-Term Investments | |||
Other Short-Term Assets | $47.00K | $43.00K | $38.00K |
YoY Change | 23.68% | 72.0% | -82.73% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $22.00K | ||
Other Receivables | $3.542M | ||
Total Short-Term Assets | $3.988M | $3.957M | $3.856M |
YoY Change | 2.7% | -0.45% | -1.1% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $634.0K | $637.0K | $640.0K |
YoY Change | -2.01% | -2.0% | -1.99% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $634.0K | $637.0K | $640.0K |
YoY Change | -2.01% | -18.65% | -19.8% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.988M | $3.957M | $3.856M |
Total Long-Term Assets | $634.0K | $637.0K | $640.0K |
Total Assets | $4.622M | $4.594M | $4.496M |
YoY Change | 2.03% | -3.45% | -4.28% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $21.00K | $19.00K | $66.00K |
YoY Change | -36.36% | -5.0% | 135.71% |
Accrued Expenses | $36.00K | $37.00K | $22.00K |
YoY Change | 89.47% | 42.31% | 22.22% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $57.00K | $56.00K | $96.00K |
YoY Change | -32.94% | -72.28% | -46.07% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $57.00K | $56.00K | $96.00K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $57.00K | $56.00K | $96.00K |
YoY Change | -32.94% | -81.64% | -67.24% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$59.07M | -$59.09M | |
YoY Change | |||
Common Stock | $51.00K | $51.00K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.565M | $4.538M | $4.400M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.622M | $4.594M | $4.496M |
YoY Change | 2.03% | -3.45% | -4.28% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $27.00K | $138.0K | $5.000K |
YoY Change | -437.5% | 181.63% | -93.67% |
Depreciation, Depletion And Amortization | $3.000K | $3.000K | $3.000K |
YoY Change | -85.71% | 0.0% | 0.0% |
Cash From Operating Activities | $27.00K | $118.0K | $2.000K |
YoY Change | 237.5% | -48.25% | -92.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | 27.00K | 118.0K | 2.000K |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | 0.000 | 0.000 | |
Net Change In Cash | 27.00K | 118.0K | $0.00 |
YoY Change | -325.0% | -45.87% | -100.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $27.00K | $118.0K | $2.000K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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NEW CONCEPT ENERGY, INC. | ||
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Suite 800 | ||
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Dallas | ||
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StockholdersEquity
|
4395000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
143000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4538000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4325000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
128000 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4453000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_805_eus-gaap--NatureOfOperations_z9cghqSgP253" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE B: <span id="xdx_82E_zHF5YSERQvsd">NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company owns approximately <span id="xdx_909_eus-gaap--AreaOfLand_iI_uArea_c20220630__srt--StatementGeographicalAxis__custom--ParkersburgWestVirginiaMember_z6UtYU42wlS6" title="Company owned land">190</span> acres of land located in Parkersburg West Virginia. Located on the land are four structures totaling approximately <span id="xdx_90F_eus-gaap--AreaOfLand_iI_uArea_c20220630__srt--StatementGeographicalAxis__custom--ParkersburgWestVirginiaMember__srt--ProductOrServiceAxis__us-gaap--LandMember_zNDBwjkIjrze">53,000</span> square feet. Of this total area the main industrial/office building contains approximately <span id="xdx_90A_eus-gaap--AreaOfLand_iI_uArea_c20220630__srt--StatementGeographicalAxis__custom--ParkersburgWestVirginiaMember__srt--MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis__srt--OfficeBuildingMember_zSEaK8Jbg5d3">24,800</span> square feet of which approximately <span id="xdx_90F_eus-gaap--AreaOfLand_iI_uArea_c20220630__srt--StatementGeographicalAxis__custom--ParkersburgWestVirginiaMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zt4TMLJ2dsE3">16,000</span> square feet is leased at a rate of $<span id="xdx_907_ecustom--LeaseRevenueperAnnum_c20220101__20220630_zdzs28Rhbalk" title="Lease revenue per annum">101,000 per annum</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In August 2020, the Company sold its oil and gas operations to a third party. On January 1, 2022, the Company entered into a Consulting Management Agreement with respect to such oil and gas operations whereby the Company would provide management, supervisory and administrative services for a fee of <span id="xdx_903_ecustom--ServiceFeePercentageOfOilGasOperationsGrossRevenue_pid_dp_uPure_c20220101__20220630_zMiiVCfXkJM7" title="Service fee percentage of oil gas operations gross revenue">10</span>% of the gross revenue of such oil and gas operations. The agreement is effective January 1, 2022 and may be terminated by either party upon sixty days’ notice.</p> | ||
GBR |
Lease Revenue Per Annum
LeaseRevenuePerAnnum
|
101,000 per annum | ||
GBR |
Service Fee Percentage Of Oil Gas Operations Gross Revenue
ServiceFeePercentageOfOilGasOperationsGrossRevenue
|
0.10 | pure |