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New Concept Energy, Inc.
GBRCIK 0000105744NYSENon-AcceleratedSmaller ReportingCrude Petroleum & Natural GasNevadaFY ends Dec 31
Period
FY 2025
Revenue
$155.0K
Net Income
—
Total Assets
$4.56M
Equity
$4.49M
Shares Out
5.13M
Op. Cash Flow
$20.0K
Business
New Concept Energy, Inc. is a company that owns real estate and provides advisory and management services to energy operators while seeking to establish or acquire new business operations. The company offers real estate leasing and property management services, and provides advisory, accounting and management consulting to an independent oil and gas operator. Its operations are organized into real estate operations and oil and gas consulting services. The company’s assets and services are concentrated in West Virginia, with leasing and consulting delivered through direct contracts and its corporate channels.
Summary from filing dated 2025-03-24
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| 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
As of · In millions, except per-share amounts
| 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
Year Ended · In millions, except per-share amounts
| 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
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