$GBR
New Concept Energy, Inc.

2023 Q4 Form 10-Q Financial Statement

#000121465923014750 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $37.00K $35.00K $63.00K
YoY Change -35.09% -44.44% 152.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $119.0K $70.00K $71.00K
YoY Change 38.37% -1.41% 33.96%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000K $0.00 $3.000K
YoY Change 0.0% -100.0% -85.71%
% of Gross Profit
Operating Expenses $135.0K $85.00K $89.00K
YoY Change 35.0% -4.49% 2.3%
Operating Profit -$50.00K -$26.00K
YoY Change 92.31% -58.06%
Interest Expense $59.00K $60.00K
YoY Change 11.32%
% of Operating Profit
Other Income/Expense, Net $0.00 $57.00K $53.00K
YoY Change -100.0% 7.55%
Pretax Income -$39.00K $10.00K $27.00K
YoY Change -454.55% -62.96% -437.5%
Income Tax
% Of Pretax Income
Net Earnings -$39.00K $7.000K $27.00K
YoY Change -454.55% -74.07% -437.5%
Net Earnings / Revenue -105.41% 20.0% 42.86%
Basic Earnings Per Share $0.01 $0.01
Diluted Earnings Per Share -$0.01 $0.01 $5.261K
COMMON SHARES
Basic Shares Outstanding 5.132M shares 5.132M shares 5.132M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $447.0K $500.0K $399.0K
YoY Change 2.52% 25.31% 60.24%
Cash & Equivalents $447.0K $460.0K $399.0K
Short-Term Investments
Other Short-Term Assets $12.00K $24.00K $47.00K
YoY Change -60.0% -48.94% 23.68%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $459.0K $484.0K $3.988M
YoY Change -88.55% -87.86% 2.7%
LONG-TERM ASSETS
Property, Plant & Equipment $629.0K $632.0K $634.0K
YoY Change -0.32% -0.32% -2.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.171M $4.174M $634.0K
YoY Change 561.01% 558.36% -2.01%
TOTAL ASSETS
Total Short-Term Assets $459.0K $484.0K $3.988M
Total Long-Term Assets $4.171M $4.174M $634.0K
Total Assets $4.630M $4.658M $4.622M
YoY Change -0.19% 0.78% 2.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.00K $25.00K $21.00K
YoY Change 140.0% 19.05% -36.36%
Accrued Expenses $39.00K $39.00K $36.00K
YoY Change -2.5% 8.33% 89.47%
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 $75.00K $64.00K $57.00K
YoY Change 19.05% 12.28% -32.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $75.00K $64.00K $57.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $75.00K $100.0K $57.00K
YoY Change 19.05% 75.44% -32.94%
SHAREHOLDERS EQUITY
Retained Earnings -$59.08M -$59.04M -$59.07M
YoY Change 0.04% -0.05%
Common Stock $51.00K $51.00K $51.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.555M $4.594M $4.565M
YoY Change
Total Liabilities & Shareholders Equity $4.630M $4.658M $4.622M
YoY Change -0.19% 0.78% 2.03%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$39.00K $7.000K $27.00K
YoY Change -454.55% -74.07% -437.5%
Depreciation, Depletion And Amortization $3.000K $0.00 $3.000K
YoY Change 0.0% -100.0% -85.71%
Cash From Operating Activities -$18.00K $40.00K $27.00K
YoY Change -148.65% 48.15% 237.5%
INVESTING ACTIVITIES
Capital Expenditures $1.000K $10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.000K -$10.00K $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%
NET CHANGE
Cash From Operating Activities -18.00K 40.00K 27.00K
Cash From Investing Activities -1.000K -10.00K 0.000
Cash From Financing Activities 0.000 0.000
Net Change In Cash -19.00K 30.00K 27.00K
YoY Change -151.35% 11.11% -325.0%
FREE CASH FLOW
Cash From Operating Activities -$18.00K $40.00K $27.00K
Capital Expenditures $1.000K $10.00K
Free Cash Flow -$19.00K $30.00K
YoY Change -151.35%

Facts In Submission

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NEW CONCEPT ENERGY, INC.
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dei Entity Tax Identification Number
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<p id="xdx_80B_eus-gaap--NatureOfOperations_zW4IsiJFWSWc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE B: <span id="xdx_82F_z5DgAKzhwuH4">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 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_905_ecustom--LeaseRevenueperAnnum_c20230101__20230930" 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 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, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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CY2023Q3 us-gaap Cash Fdic Insured Amount
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