$GBR
New Concept Energy, Inc.

2024 Q3 Form 10-Q Financial Statement

#000121465924014390 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $37.00K $37.00K
YoY Change 5.71% 5.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $79.00K $78.00K
YoY Change 12.86% -3.7%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000K $4.000K
YoY Change 33.33%
% of Gross Profit
Operating Expenses $93.00K $90.00K
YoY Change 9.41% -5.26%
Operating Profit -$56.00K -$53.00K
YoY Change 12.0% -11.67%
Interest Expense $52.00K $56.00K
YoY Change -13.33% 3.7%
% of Operating Profit
Other Income/Expense, Net $52.00K $56.00K
YoY Change -8.77% 3.7%
Pretax Income -$4.000K $3.000K
YoY Change -140.0% -150.0%
Income Tax
% Of Pretax Income
Net Earnings -$4.000K $3.000K
YoY Change -157.14% -150.0%
Net Earnings / Revenue -10.81% 8.11%
Basic Earnings Per Share -$0.01 $0.01
Diluted Earnings Per Share -$0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 5.132M shares 5.132M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $430.0K $416.0K
YoY Change -14.0% -3.7%
Cash & Equivalents $430.0K $416.0K
Short-Term Investments
Other Short-Term Assets $26.00K $40.00K
YoY Change 8.33% -11.11%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $456.0K $456.0K
YoY Change -5.79% -88.65%
LONG-TERM ASSETS
Property, Plant & Equipment $619.0K $622.0K
YoY Change -2.06% -0.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.161M $4.164M
YoY Change -0.31% 566.24%
TOTAL ASSETS
Total Short-Term Assets $456.0K $456.0K
Total Long-Term Assets $4.161M $4.164M
Total Assets $4.617M $4.620M
YoY Change -0.88% -0.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.00K $21.00K
YoY Change -12.0% 5.0%
Accrued Expenses $39.00K $39.00K
YoY Change 0.0% 5.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.00K $60.00K
YoY Change -4.69% 5.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $61.00K $60.00K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $61.00K $60.00K
YoY Change -39.0% 5.26%
SHAREHOLDERS EQUITY
Retained Earnings -$59.08M -$59.07M
YoY Change 0.06% 0.05%
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 $4.556M $4.560M
YoY Change
Total Liabilities & Shareholders Equity $4.617M $4.620M
YoY Change -0.88% -0.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$4.000K $3.000K
YoY Change -157.14% -150.0%
Depreciation, Depletion And Amortization $3.000K $4.000K
YoY Change 33.33%
Cash From Operating Activities $14.00K $21.00K
YoY Change -65.0% -520.0%
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 14.00K 21.00K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash 14.00K 21.00K
YoY Change -53.33% -520.0%
FREE CASH FLOW
Cash From Operating Activities $14.00K $21.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
dei Entity Registrant Name
EntityRegistrantName
NEW CONCEPT ENERGY, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
75-2399477
dei Entity Address Address Line1
EntityAddressAddressLine1
1603 LBJ Freeway
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 800
dei Entity Address City Or Town
EntityAddressCityOrTown
Dallas
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75234
dei City Area Code
CityAreaCode
(972)
dei Local Phone Number
LocalPhoneNumber
407-8400
dei Security12b Title
Security12bTitle
Common Stock, par value $0.01
dei Trading Symbol
TradingSymbol
GBR
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5131934 shares
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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447000 usd
CY2024Q2 us-gaap Other Assets Current
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CY2023Q4 us-gaap Other Assets Current
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CY2023Q4 us-gaap Assets Current
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CY2024Q2 us-gaap Assets
Assets
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CY2023Q4 us-gaap Assets
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CY2024Q2 us-gaap Accounts Payable Current
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CY2023Q4 us-gaap Accounts Payable Current
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CY2024Q2 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2023Q4 us-gaap Liabilities Current
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CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2024Q2 us-gaap Preferred Stock Shares Issued
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CY2024Q2 us-gaap Preferred Stock Value
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CY2023Q4 us-gaap Preferred Stock Value
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CY2024Q2 us-gaap Common Stock Value
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CY2024Q2 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
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CY2024Q2 us-gaap Liabilities And Stockholders Equity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
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CY2024Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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CY2024Q2 us-gaap Operating Costs And Expenses
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CY2023Q2 us-gaap Operating Costs And Expenses
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us-gaap Operating Costs And Expenses
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us-gaap Operating Costs And Expenses
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CY2024Q2 us-gaap General And Administrative Expense
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CY2023Q2 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2024Q2 us-gaap Operating Expenses
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CY2023Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2024Q2 us-gaap Operating Income Loss
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CY2023Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2024Q2 GBR Interest Income From Relatedparty
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CY2023Q2 GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
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GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
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GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
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CY2024Q2 us-gaap Nonoperating Income Expense
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Earnings Per Share Basic
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CY2024Q2 us-gaap Earnings Per Share Diluted
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CY2023Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q1 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zTqMJ4A68ABc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE B: <span id="xdx_828_zK4M10Yntk77">NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.3pt 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_904_ecustom--LeaseRevenueperAnnum_c20240101__20240630" 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, 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>
GBR Lease Revenueper Annum
LeaseRevenueperAnnum
101,000 per annum
CY2024Q2 us-gaap Cash Fdic Insured Amount
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250000 usd
CY2024Q2 us-gaap Operating Loss Carryforwards
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7500000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
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7500000 usd

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