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Business Wire
12-08-2025
- Business
- Business Wire
New Concept Energy, Inc. Reports Second Quarter 2025 Results
DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the 'Company' or 'NCE') a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2025. The Company reported a net loss from continuing operations of ($18,000) for three months ended June 30, 2025, as compared to net income of $3,000 for the similar period in 2024. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees. For the three months ended June 30, 2024 the Company had revenue of $37,000 including $25,000 for rental income and $12,000 in management fees. For the three months ended June 30, 2025, corporate general & administrative expenses were $85,000 as compared to $78,000 for the comparable period in 2024. For the three months ended June 30, 2025, interest income was $42,000 as compared to $56,000 for the comparable period in 2024. New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company's website at NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED (amounts in thousands, except share and par value amount) June 30, 2025 December 31, 2024 (Unaudited) (Audited) Liabilities and stockholders' equity Current liabilities Accounts payable $ 27 $ 20 Accrued expenses 48 37 Total current liabilities 75 57 Stockholders' equity Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and 1 1 outstanding at June 30, 2025 and December 31, 2024 Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2025 and December 31, 2024 51 51 Additional paid-in capital 63,579 63,579 Accumulated deficit (59,132 ) (59,094 ) Total stockholders' equity 4,499 4,537 Total liabilities & stockholders' equity $ 4,574 $ 4,594 Expand NEW CONCEPT ENERGY, INC AND SUBSIDIARY (Unaudited) (amounts in thousands, except per share data) For the Three Months ended June 30, For the Six Months ended June 30, 2025 2024 2025 2024 Revenue Rent $ 26 $ 25 $ 52 $ 50 Management fee 14 12 26 23 Total revenues 40 37 78 73 Operating expenses Operating expenses 15 12 27 25 Corporate general and administrative 85 78 174 156 Total operating expenses 100 90 201 181 Loss from operations (60 ) (53 ) (123 ) (108 ) Other income Interest income (from related parties) 42 56 85 113 Total other income 42 56 85 113 Net income (loss) applicable to common shares $ (18 ) $ 3 $ (38 ) $ 5 Net income (loss) per common share-basic and diluted $ (0.00 ) $ 0.00 $ (0.00 ) $ 0.00 Weighted average common and equivalent shares outstanding - basic and diluted 5,132 5,132 5,132 5,132 Expand
Business Wire
15-05-2025
- Business
- Business Wire
New Concept Energy, Inc. Reports First Quarter 2025 Results
DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the 'Company' or 'NCE') a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2025. The Company reported a net loss from continuing operations of ($20,000) for three months ended March 31, 2025, as compared to net income of $2,000 for the similar period in 2024. For the three months ended March 31,2025 and 2024 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees. For the three months ended March 31, 2025, corporate general & administrative expenses were $89,000 as compared to $78,000 for the comparable period in 2024. About New Concept Energy, Inc. New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company's website at NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (amounts in thousands) March 31, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 333 $ 363 Other current assets 57 9 Total current assets 390 372 Property and equipment, net of depreciation Land, buildings and equipment 633 636 Note and Interest Receivable - related party Note receivable 3,542 3,542 Interest receivable - 44 3,542 3,586 Total assets $ 4,565 $ 4,594 Expand NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED (dollars in thousands, except par value amount) March 31, 2025 December 31, 2024 (Unaudited) (Audited) Liabilities and stockholders' equity Current liabilities Accounts payable (including $8 due to related parties in 2025 and 2024) $ 20 $ 20 Accrued expenses 28 37 Total current liabilities 48 57 Stockholders' equity Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and 1 1 outstanding at March 31, 2025 and December 31, 2024 Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at March 31, 2025 and December 31, 2024 51 51 Additional paid-in capital 63,579 63,579 Accumulated deficit (59,114 ) (59,094 ) Total shareholders' equity 4,517 4,537 Total liabilities & equity $ 4,565 $ 4,594 Expand NEW CONCEPT ENERGY, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (amounts in thousands, except per share data) Three Months ended March 31, 2025 2024 Revenue Rent $ 26 $ 25 Management fees 12 11 Total Revenues 38 36 Operating Expenses Operating expenses 12 13 Corporate general and administrative 89 78 Total Operating Expenses 101 91 Loss from operations (63 ) (55 ) Other Income Interest income ($39 and $53 from related parties in 2025 and 2024) 43 57 Total Other Income 43 57 Net income (loss) applicable to common shares $ (20 ) $ 2 Net income (loss) per common share-basic and diluted $ (0.01 ) $ 0.01 Weighted average common and equivalent shares outstanding - basic and diluted 5,132 5,132 Expand
