$GBR
New Concept Energy, Inc.

2024 Q4 Form 10-Q Financial Statement

#000121465924018862 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $37.00K
YoY Change 5.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $79.00K
YoY Change 12.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000K
YoY Change
% of Gross Profit
Operating Expenses $93.00K
YoY Change 9.41%
Operating Profit -$56.00K
YoY Change 12.0%
Interest Expense $52.00K
YoY Change -13.33%
% of Operating Profit
Other Income/Expense, Net $52.00K
YoY Change -8.77%
Pretax Income -$4.000K
YoY Change -140.0%
Income Tax
% Of Pretax Income
Net Earnings -$4.000K
YoY Change -157.14%
Net Earnings / Revenue -10.81%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 5.132M shares 5.132M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $430.0K
YoY Change -14.0%
Cash & Equivalents $430.0K
Short-Term Investments
Other Short-Term Assets $26.00K
YoY Change 8.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $456.0K
YoY Change -5.79%
LONG-TERM ASSETS
Property, Plant & Equipment $619.0K
YoY Change -2.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.161M
YoY Change -0.31%
TOTAL ASSETS
Total Short-Term Assets $456.0K
Total Long-Term Assets $4.161M
Total Assets $4.617M
YoY Change -0.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.00K
YoY Change -12.0%
Accrued Expenses $39.00K
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.00K
YoY Change -4.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $61.00K
Total Long-Term Liabilities $0.00
Total Liabilities $61.00K
YoY Change -39.0%
SHAREHOLDERS EQUITY
Retained Earnings -$59.08M
YoY Change 0.06%
Common Stock $51.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.556M
YoY Change
Total Liabilities & Shareholders Equity $4.617M
YoY Change -0.88%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$4.000K
YoY Change -157.14%
Depreciation, Depletion And Amortization $3.000K
YoY Change
Cash From Operating Activities $14.00K
YoY Change -65.0%
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
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash 14.00K
YoY Change -53.33%
FREE CASH FLOW
Cash From Operating Activities $14.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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dei Entity Central Index Key
EntityCentralIndexKey
0000105744
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 Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-08187
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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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
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CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
430000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
447000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
26000 usd
CY2023Q4 us-gaap Other Assets Current
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CY2024Q3 us-gaap Assets Current
AssetsCurrent
456000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
459000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
619000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
629000 usd
CY2024Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
3542000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
3542000 usd
CY2024Q3 us-gaap Assets
Assets
4617000 usd
CY2023Q4 us-gaap Assets
Assets
4630000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
22000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
36000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
39000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
39000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
61000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
75000 usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
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PreferredStockSharesAuthorized
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2024Q3 us-gaap Preferred Stock Shares Outstanding
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CY2023Q4 us-gaap Preferred Stock Shares Outstanding
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CY2024Q3 us-gaap Preferred Stock Value
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CY2023Q4 us-gaap Preferred Stock Value
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2024Q3 us-gaap Common Stock Value
CommonStockValue
51000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
51000 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
63579000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
63579000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Liabilities And Stockholders Equity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
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CY2024Q3 us-gaap Revenues
Revenues
37000 usd
CY2023Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
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CY2024Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2024Q3 us-gaap General And Administrative Expense
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CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
219000 usd
CY2024Q3 us-gaap Operating Expenses
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93000 usd
CY2023Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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274000 usd
us-gaap Operating Expenses
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CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q3 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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CY2024Q3 GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
50000 usd
CY2023Q3 GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
53000 usd
GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
160000 usd
GBR Interest Income From Relatedparty
InterestIncomeFromRelatedparty
158000 usd
CY2024Q3 GBR Interest Income From Third Party
InterestIncomeFromThirdParty
2000 usd
CY2023Q3 GBR Interest Income From Third Party
InterestIncomeFromThirdParty
4000 usd
GBR Interest Income From Third Party
InterestIncomeFromThirdParty
5000 usd
GBR Interest Income From Third Party
InterestIncomeFromThirdParty
5000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
52000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
163000 usd
us-gaap Net Income Loss
NetIncomeLoss
18000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Diluted
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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 Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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CY2024Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
4560000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
4556000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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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
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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430000 usd
CY2023Q3 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_806_eus-gaap--NatureOfOperations_zrFz49LAkRy" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE B: <span id="xdx_82D_z2LRU6SF630l">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_907_ecustom--LeaseRevenueperAnnum_c20240101__20240930" 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 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
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7500000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7500000 usd

Files In Submission

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0001214659-24-018862-xbrl.zip Edgar Link pending
ex31_1.htm Edgar Link pending
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