$GBR
New Concept Energy, Inc.

2023 Q2 Form 10-Q Financial Statement

#000121465923006742 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $35.00K $45.00K $45.00K
YoY Change -25.53% 0.0% 73.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $81.00K $68.00K $80.00K
YoY Change 1.25% -15.0% 8.11%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000K $3.000K $3.000K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $95.00K $80.00K $92.00K
YoY Change 2.15% -13.04% 0.0%
Operating Profit -$60.00K -$35.00K -$47.00K
YoY Change 30.43% -25.53%
Interest Expense $54.00K $52.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $54.00K $52.00K
YoY Change -70.65%
Pretax Income -$6.000K $17.00K $5.000K
YoY Change -104.35% 240.0% -93.67%
Income Tax
% Of Pretax Income
Net Earnings -$6.000K $17.00K $5.000K
YoY Change -104.35% 240.0% -93.67%
Net Earnings / Revenue -17.14% 37.78% 11.11%
Basic Earnings Per Share $0.01 $0.01
Diluted Earnings Per Share $0.01 $0.00 $974.30
COMMON SHARES
Basic Shares Outstanding 5.132M shares 5.132M shares 5.132K shares
Diluted Shares Outstanding 5.132K shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $432.0K $437.0K $254.0K
YoY Change 16.13% 72.05% 490.7%
Cash & Equivalents $432.0K $437.0K $254.0K
Short-Term Investments
Other Short-Term Assets $45.00K $62.00K $38.00K
YoY Change 4.65% 63.16% -82.73%
Inventory
Prepaid Expenses
Receivables $22.00K
Other Receivables $3.542M
Total Short-Term Assets $4.019M $4.041M $3.856M
YoY Change 1.57% 4.8% -1.1%
LONG-TERM ASSETS
Property, Plant & Equipment $625.0K $628.0K $640.0K
YoY Change -1.88% -1.88% -1.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $625.0K $628.0K $640.0K
YoY Change -1.88% -1.88% -19.8%
TOTAL ASSETS
Total Short-Term Assets $4.019M $4.041M $3.856M
Total Long-Term Assets $625.0K $628.0K $640.0K
Total Assets $4.644M $4.669M $4.496M
YoY Change 1.09% 3.85% -4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.00K $55.00K $66.00K
YoY Change 5.26% -16.67% 135.71%
Accrued Expenses $37.00K $21.00K $22.00K
YoY Change 0.0% -4.55% 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 $76.00K $96.00K
YoY Change 1.79% -20.83% -46.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.00K $76.00K $96.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $57.00K $76.00K $96.00K
YoY Change 1.79% -20.83% -67.24%
SHAREHOLDERS EQUITY
Retained Earnings -$59.04M -$59.04M
YoY Change -0.08%
Common Stock $51.00K $51.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.587M $4.593M $4.400M
YoY Change
Total Liabilities & Shareholders Equity $4.644M $4.669M $4.496M
YoY Change 1.09% 3.85% -4.28%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$6.000K $17.00K $5.000K
YoY Change -104.35% 240.0% -93.67%
Depreciation, Depletion And Amortization $3.000K $3.000K $3.000K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$5.000K $1.000K $2.000K
YoY Change -104.24% -50.0% -92.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -5.000K $1.000K 2.000K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -5.000K $1.000K $0.00
YoY Change -104.24% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$5.000K $1.000K $2.000K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p id="xdx_80C_eus-gaap--NatureOfOperations_zYV22SAuECah" style="font: 10pt Times New Roman; margin: 0pt 0"><b>NOTE B: <span id="xdx_82D_zvfcWzjXtBwd">NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-indent: 20pt">The Company owns approximately 190 acres of land located in Parkersburg West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. Of this total area the main industrial/office building contains approximately 24,800 square feet of which approximately 16,000 square feet is leased at a rate of <span id="xdx_90B_ecustom--LeaseRevenueperAnnum_c20230101__20230331_zrxNaie7fVdg" title="Lease revenue per annum">$101,000 per annum</span>.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; 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 10% 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> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p>
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Files In Submission

Name View Source Status
0001214659-23-006742-index-headers.html Edgar Link pending
0001214659-23-006742-index.html Edgar Link pending
0001214659-23-006742.txt Edgar Link pending
0001214659-23-006742-xbrl.zip Edgar Link pending
ex31_1.htm Edgar Link pending
ex32_1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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