$GBR

New Concept Energy, Inc.

CIK:0000105744|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenues	$ 41	$ 40	$ 80	$ 78
Operating expenses
Operating expenses	13	15	26	27
Corporate general and administrative	129	85	206	174
Total operating expenses	142	100	232	201
Loss from operations	(101)	(60)	(152)	(123)
Other income
Interest income ($35 and $42 for the three months eneded June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)	35	42	72	85
Total other income	35	42	72	85
Net income (loss) applicable to common shares	$ (66)	$ (18)	$ (80)	$ (38)
Net income (loss) per common share-basic	$ (0.01)	$ (0.00)	$ (0.02)	$ (0.00)
Net income (loss) per common share-diluted	$ (0.01)	$ (0.00)	$ (0.02)	$ (0.00)
Weighted average common and equivalent shares outstanding - basic	5,132	5,132	5,132	5,132
Weighted average common and equivalent shares outstanding - diluted	5,132	5,132	5,132	5,132
Rent [Member]
Revenue
Total revenues	$ 26	$ 26	$ 52	$ 52
Management fee [Member]
Revenue
Total revenues	$ 15	$ 14	$ 28	$ 26

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ (80)	$ (38)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation, depletion and amortization	6	7
Changes in assets and liabilities:
Interest receivable		(44)
Other current assets	(52)	38
Accounts payable and other liabilities	47	30
Net cash (used) in operating activities	(79)	(7)
Net (decrease) in cash and cash equivalents	(79)	(7)
Cash and cash equivalents at beginning of year	383	363
Cash and cash equivalents at end of period	304	356
Cash paid for interest
Cash received for interest	$ 72	$ 85

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 304	$ 383
Other current assets	65	13
Total current assets	369	396
Property and equipment, net of depreciation
Land, buildings and equipment	616	622
Note and interest receivable - related party
Note receivable	3,542	3,542
Interest receivable
Note and interest receivable - related party	3,542	3,542
Total assets	4,527	4,560
Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)	47	26
Accrued expenses	69	43
Total current liabilities	116	69
Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at June 30, 2026 and December 31, 2025	1	1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025	51	51
Additional paid-in capital	63,579	63,579
Accumulated deficit	(59,220)	(59,140)
Total stockholders' equity	4,411	4,491
Total liabilities and stockholders' equity	$ 4,527	$ 4,560