New Concept Energy, Inc.
Business
New Concept Energy, Inc. owns industrial real estate in Parkersburg, West Virginia, including leased office and industrial space. The company provides advisory, accounting, and management services to an independent oil and gas operator in exchange for a revenue share from wells it previously owned. The company seeks to continue operating or sell its West Virginia property and establish or acquire new business operations.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total Revenues | 155,000 | 146,000 | 152,000 | 212,000 | 101,000 | |
| Operating expenses | 56,000 | 48,000 | 57,000 | 57,000 | 77,000 | |
| Corporate general and administrative | 364,000 | 335,000 | 338,000 | 317,000 | 360,000 | |
| Total operating expenses | 420,000 | 383,000 | 395,000 | 374,000 | 437,000 | |
| Loss from operations | −265,000 | −237,000 | −243,000 | −162,000 | −336,000 | |
| Interest income | 169,000 | 213,000 | 213,000 | 212,000 | 212,000 | |
| Other income | 50,000 | 6,000 | — | 131,000 | 191,000 | |
| Total other income | 219,000 | 219,000 | 222,000 | 343,000 | 406,000 | |
| Net loss applicable to common shares | −46,000 | −18,000 | −21,000 | 181,000 | 70,000 | |
| Net income (loss) per common share-basic | −0.01 | −0.01 | −0.01 | 0.04 | 0.01 | |
| Net income (loss) per common share-diluted | −0.01 | −0.01 | −0.01 | 0.04 | 0.01 | |
| Weighted average common and equivalent shares outstanding - basic | 5,132 | 5,132 | 5,132 | 5,132 | 5,132 | |
| Weighted average common and equivalent shares outstanding - diluted | 5,132 | 5,132 | 5,132 | 5,132 | 5,132 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 383,000 | 363,000 | 447,000 | 436,000 | 252,000 | |
| Other current assets | 13,000 | 9,000 | 12,000 | 30,000 | — | |
| Total current assets | 396,000 | 372,000 | 459,000 | 466,000 | 4 | |
| Land, buildings and equipment | 622,000 | 636,000 | 629,000 | 631,000 | 643,000 | |
| Note receivable | 4 | 4 | 4 | — | — | |
| Interest receivable | — | 44,000 | — | — | — | |
| Note Receivable - related party | 4 | 4 | 4 | 4 | — | |
| Total assets | 5 | 5 | 5 | 5 | 4 | |
| Accounts payable - trade (including $6 in 2025 and $7 in 2024 due to Pillar) | 26,000 | 20,000 | 36,000 | 23,000 | 28,000 | |
| Accrued expenses | 43,000 | 37,000 | 39,000 | 40,000 | 32,000 | |
| Total current liabilities | 69,000 | 57,000 | 75,000 | 63,000 | 60,000 | |
| Series B convertible preferred stock, $10 par value, authorized 100,000 shares, issued and outstanding one 1 share Common stock, | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| $.01 par value; authorized 100,000,000 shares; issued and outstanding, 5,131,934 shares at December 31, 2025 and 2024 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | |
| Additional paid-in capital | 64 | 64 | 64 | 64 | 64 | |
| Accumulated deficit | −59 | −59 | −59 | −59 | −59 | |
| Total stockholdrs' equity | 4 | 5 | 5 | 5 | 4 | |
| Total liabilities & stockholders' equity | 5 | 5 | 5 | 5 | 4 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −46,000 | −18,000 | −21,000 | 181,000 | 70,000 | |
| Depreciation | 14,000 | 13,000 | 13,000 | 12,000 | 13,000 | |
| Other current assets | 40,000 | 3,000 | 18,000 | −12,000 | 92,000 | |
| Accounts payable and other liabilities | 12,000 | −62,000 | 12,000 | 3,000 | −52,000 | |
| Net cash provided by (used in) operating activities | 20,000 | −64,000 | 22,000 | 184,000 | 123,000 | |
| Fixed asset addition | — | −20,000 | −11,000 | — | — | |
| Net cash used in investing activities | — | −20,000 | −11,000 | — | 276,000 | |
| Net increase (decrease) in cash and cash equivalents | 20,000 | −84,000 | 11,000 | 184,000 | 225,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is New Concept Energy, Inc.'s CIK number?
New Concept Energy, Inc.'s SEC CIK number is 0000105744 (105744). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find New Concept Energy, Inc.'s SEC filings?
All of New Concept Energy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did New Concept Energy, Inc. last report earnings?
New Concept Energy, Inc. (GBR) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001214659-26-005927). This is New Concept Energy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is New Concept Energy, Inc.'s most recent earnings 8-K?
New Concept Energy, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001214659-26-005927. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View New Concept Energy, Inc.'s latest earnings 8-K →
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