New Concept Energy, Inc. Segments Disclosure
10: OPERATING SEGMENTS
The following table reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations (in thousands):
| Year ended December 31, 2025 | Current Operations | Corporate | Total | |||||||||
| Operating revenue | $ | 155 | $ | $ | 155 | |||||||
| Operating expenses | 42 | 364 | $ | 406 | ||||||||
| Depreciation | 14 | $ | 14 | |||||||||
| Total operating expenses | 56 | 364 | $ | 420 | ||||||||
| Interest income | 169 | $ | 169 | |||||||||
| Other income | 50 | $ | 50 | |||||||||
| Segment operating income (loss) | $ | 99 | $ | (145 | ) | $ | (46 | ) | ||||
| Year ended December 31, 2024 | Current Operations | Corporate | Total | |||||||||
| Operating revenue | $ | 146 | $ | $ | 146 | |||||||
| Operating expenses | 35 | 335 | 370 | |||||||||
| Depreciation | 13 | 13 | ||||||||||
| Total operating expenses | 48 | 335 | 383 | |||||||||
| Interest income | 213 | 213 | ||||||||||
| Other income | 6 | 6 | ||||||||||
| Segment operating income (loss) | $ | 104 | $ | (122 | ) | $ | (18 | ) | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 24, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 21, 2023 | |
| 2021 | Mar 22, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 27, 2020 | |
| 2018 | Apr 1, 2019 | |
| 2017 | Apr 19, 2018 | |
| 2016 | Apr 5, 2017 | |
| 2015 | Mar 30, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.