$GBR
New Concept Energy, Inc.

2024 Q1 Form 10-K Financial Statement

#000121465924005800 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $36.00K $37.00K $152.0K
YoY Change -20.0% -35.09% -28.3%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $78.00K $119.0K $338.0K
YoY Change 14.71% 38.37% 6.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000K $3.000K $13.00K
YoY Change 0.0% 0.0% 8.33%
% of Gross Profit
Operating Expenses $91.00K $135.0K $395.0K
YoY Change 13.75% 35.0% 5.61%
Operating Profit -$55.00K -$243.0K
YoY Change 57.14% 50.0%
Interest Expense $57.00K $59.00K
YoY Change 9.62% 11.32%
% of Operating Profit
Other Income/Expense, Net $57.00K $0.00 $222.0K
YoY Change 9.62% -100.0% -35.28%
Pretax Income $2.000K -$39.00K -$21.00K
YoY Change -88.24% -454.55% -111.6%
Income Tax
% Of Pretax Income
Net Earnings $2.000K -$39.00K -$21.00K
YoY Change -88.24% -454.55% -111.6%
Net Earnings / Revenue 5.56% -105.41% -13.82%
Basic Earnings Per Share $0.01 -$0.01
Diluted Earnings Per Share $0.01 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 5.132M shares 5.132M shares 5.132K shares
Diluted Shares Outstanding 5.132K shares 5.132K shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $395.0K $447.0K $447.0K
YoY Change -9.61% 2.52% 2.52%
Cash & Equivalents $395.0K $447.0K $447.0K
Short-Term Investments
Other Short-Term Assets $61.00K $12.00K $12.00K
YoY Change -1.61% -60.0% -60.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $456.0K $459.0K $459.0K
YoY Change -88.72% -88.55% -88.55%
LONG-TERM ASSETS
Property, Plant & Equipment $626.0K $629.0K $629.0K
YoY Change -0.32% -0.32% -0.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.168M $4.171M $4.171M
YoY Change 563.69% 561.01% 561.01%
TOTAL ASSETS
Total Short-Term Assets $456.0K $459.0K $459.0K
Total Long-Term Assets $4.168M $4.171M $4.171M
Total Assets $4.624M $4.630M $4.630M
YoY Change -0.96% -0.19% -0.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.00K $36.00K $36.00K
YoY Change -54.55% 140.0% 140.0%
Accrued Expenses $42.00K $39.00K $39.00K
YoY Change 100.0% -2.5% -2.5%
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 $67.00K $75.00K $75.00K
YoY Change -11.84% 19.05% 19.05%
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 $67.00K $75.00K $75.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $67.00K $75.00K $75.00K
YoY Change -11.84% 19.05% 19.05%
SHAREHOLDERS EQUITY
Retained Earnings -$59.07M -$59.08M
YoY Change 0.06% 0.04%
Common Stock $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 $4.557M $4.555M $4.555M
YoY Change
Total Liabilities & Shareholders Equity $4.624M $4.630M $4.630M
YoY Change -0.96% -0.19% -0.19%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.000K -$39.00K -$21.00K
YoY Change -88.24% -454.55% -111.6%
Depreciation, Depletion And Amortization $3.000K $3.000K $13.00K
YoY Change 0.0% 0.0% 8.33%
Cash From Operating Activities -$52.00K -$18.00K $22.00K
YoY Change -5300.0% -148.65% -88.04%
INVESTING ACTIVITIES
Capital Expenditures $1.000K $11.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.000K -$11.00K
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 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -$52.00K -18.00K $22.00K
Cash From Investing Activities -1.000K -$11.00K
Cash From Financing Activities 0.000
Net Change In Cash -$52.00K -19.00K $11.00K
YoY Change -5300.0% -151.35% -94.02%
FREE CASH FLOW
Cash From Operating Activities -$52.00K -$18.00K $22.00K
Capital Expenditures $1.000K $11.00K
Free Cash Flow -$19.00K $11.00K
YoY Change -151.35% -94.02%

Facts In Submission

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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zV2ADevTZtpg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <span style="text-decoration: underline"><span><span id="xdx_868_zsK6j5SM8cD8">Use of Estimates</span></span></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; text-align: justify">In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the reporting period.  Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
432000 usd
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
432000 usd
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
352000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
341000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
784000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
773000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
155000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
142000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
629000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
631000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7500000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
39000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15000 usd
CY2022 GBR Net Operating Loss Utilization
NetOperatingLossUtilization
-39000 usd
CY2021 GBR Net Operating Loss Utilization
NetOperatingLossUtilization
-15000 usd
CY2022 GBR Deferred Tax Asset From Nol Carry Forwards
DeferredTaxAssetFromNolCarryForwards
1583000 usd
CY2021 GBR Deferred Tax Asset From Nol Carry Forwards
DeferredTaxAssetFromNolCarryForwards
1735000 usd
CY2022 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
1583000 usd
CY2021 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
DeferredTaxesBusinessCombinationValuationAllowanceAvailableToReduceIncomeTaxExpense
1735000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06 pure
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd

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